Equinor ASA

EQNR: XOSL (NOR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Equinor Earnings: Strong Close to Year; Positive Guidance in Reduced Spending and Cost Reductions

Allen Good

Feb 5, 2026

Equinor’s adjusted fourth-quarter results far exceeded market expectations on the strength of its US E&P operations and marketing, midstream, and processing segment. Management announced further reductions in capital spending guidance and a 10% operating cost reduction for 2026.

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Equinor ASA

Equinor Earnings: Strong Close to Year; Positive Guidance in Reduced Spending and Cost Reductions

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