Equinor ASA

EQNR: XOSL (NOR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Equinor Earnings: Strong Production Growth Helps Mitigate Lower Oil Prices; Q4 Payouts Unchanged

Allen Good

Oct 29, 2025

Equinor’s adjusted third-quarter results fell slightly below expectations, despite strong year-over-year production growth of 7%. Higher depreciations from new fields and price-related impairments weighed on results. Management confirmed production, capital spending, and distribution targets.

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Equinor ASA

Equinor Earnings: Strong Production Growth Helps Mitigate Lower Oil Prices; Q4 Payouts Unchanged

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