Equinor: Adjusted EPS down 13% in 2024

(CercleFinance.com) - Equinor announces net income of $2,000 million for Q4 2024, down 23% on Q4 2023.


On an adjusted basis, net income came to $1,733 million, down 6% on the same period a year earlier.

Adjusted EPS for the quarter came to 0.63 euros, up 1%.
Quarterly sales came to $27.6 billion, compared with $29 billion a year earlier, down 5%.

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%.

For the full year, sales came to $103.7 billion (-3%), with adjusted net income of $9.1 billion (-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 ', said Anders Opedal, President and CEO of Equinor.

' Today, we are announcing a total capital distribution of up to $9 billion for 2025', he added.

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