Equinor Earnings: Strong Earnings Keep Shareholder Payouts on Track
Equinor's first-quarter adjusted earnings decreased to $7.5 billion before tax and $2.6 billion after tax, compared with $12.0 billion and $3.5 billion last year, respectively, largely due to lower gas prices. Operating cash flow, excluding working capital and taxes, was $9.7 billion during the quarter, compared with $15.3 billion in 2023. Capital expenditures, which totaled $2.8 billion in the quarter, are expected to be $13 billion for the full year.