Equinor ASA

EQNR: XOSL (NOR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	LOCK\|QP	LOCK\|XS^	LOCK\|mssK#R

Equinor Earnings: Capital Distribution Intact Despite Unchanged Capex and Weaker Price Outlook

Allen Good

May 1, 2025

Equinor reported first-quarter results below market expectations as adverse tax effects offset strong E&P performance. Despite the weak oil price environment, the firm confirmed its $13 billion capex and $9 billion distribution targets, with the halted Empire Wind project impact still uncertain.

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Equinor ASA

Equinor Earnings: Capital Distribution Intact Despite Unchanged Capex and Weaker Price Outlook

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