Equinor: Adjusted EPS down 13% in 2024

(CercleFinance.com) - Equinor announces Q4 2024 net income of $2bn, down 23% y-o-y.


Adjusted net income was $1,733m, down 6% y-o-y.

Adjusted EPS for the quarter came to E0.63, up 1%. Quarterly sales came to $27.6bn, down 5% from $29bn a year earlier.

The company reports that it generated 1,430 GWh over the period, up 15%, including 829 GWh of renewable energy (+19%), as well as 2,072 million barrels of oil equivalent per day in Q4, down 6%.

FY sales came to $103.7bn (-3%), with adjusted net income of $9.1bn (-19%) and adjusted EPS of $3.24 (-13%).

Equinor is well positioned to continue its growth and offer competitive returns to shareholders. We expect to generate an industry-leading return on capital employed in excess of 15% through 2030. Our oil and gas production outlook is upgraded, with growth of over 10% between 2024 and 2027, it said.

Today, we are announcing a total capital distribution of up to $9bn for 2025, management added.


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