Equinor ASA, with a market cap over $65 billion, reported strong 2024 earnings, despite taxes and the Ørsted acquisition, showcasing substantial shareholder returns. For 2025, Equinor projects 4% production growth, $13 billion in organic capex, and robust shareholder returns through dividends and share buybacks. Long-term, Equinor targets 30-40% emissions reduction by 2035, net-zero by 2050, and significant investments in renewable energy, enhancing diversification.
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EQNR's Q4 earnings suffer due to lower production across all segments and weaker commodity prices.
Investors were hardly energetic about Norwegian energy company Equinor (EQNR -5.37%) on Wednesday. They traded out of the stock to the point where it lost more than 5% of its value.
Equinor ASA (NYSE:EQNR ) Q4 2024 Earnings Conference Call February 5, 2024 4:00 AM ET Company Participants Bård Glad Pedersen - SVP, IR Jannicke Nilsson - EVP, Safety, Security & Sustainability Torgrim Reitan - EVP and CFO Anders Opedal - President and CEO Irene Rummelhoff - EVP, MMP Conference Call Participants Martijn Rats - Morgan Stanley Biraj Borkhataria - RBC Teodor Sveen Nilsen - SpareBank 1 Markets Lydia Rainforth - Barclays Yoann Charenton - Bernstein John Olaisen - ABG Michele della Vigna - Goldman Sachs Peter Low - Redburn Henri Patricot - UBS Chris Kuplent - Bank of America Bård Glad Pedersen Good morning all. It's a pleasure to welcome you to the Equinor's Capital Market Update and Presentation for 2024.
Norway's Equinor is reducing its ambitions for developing renewable energy capacity by 2030, it said on Wednesday, the latest move by a European energy company to cut green targets as the market for renewables sours.
Equinor's Johan Sverdrup oilfield in the North Sea has suffered a power outage that is estimated to last for some 8 hours, a regulatory statement posted on the Nord Pool web site showed on Tuesday.
EQNR extends its contract with Odfjell Drilling for the Deepsea Atlantic rig until 2027, with options for further extensions up to 2030.
EQNR's Bay du Nord project involves several offshore oil discoveries in the Flemish Pass basin. The first discovery in Bay du Nord was made by EQNR in 2013.
Equinor (EQNR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
TLN, SHAK and EQNR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 15, 2025.
EQNR, GIII and FHN made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 15, 2025.