EQNR Stock Recent News

The developer of a major U.S. offshore wind project warned that it will cancel the Empire Wind facility off the coast of New York if it cannot reach a resolution over a stop-work order issued by the Trump administration in the coming days.

Equinor's diversified portfolio, including strong core oil operations and growing renewables, supports its ability to drive long-term shareholder returns despite geopolitical instability. The company reported $8.6 billion in operating income and $2.6 billion in net income for 1Q 2025, maintaining a single-digit P/E ratio. Equinor's commitment to shareholder returns is evident with a $9 billion capital distribution for 2025, combining a 6.5% dividend yield and buybacks.

EQNR divests its Peregrino stake to Prio for $3.5 billion. Despite the exit, Equinor says that it remains committed to Brazil with strong growth targets in Bacalhau, Raia and Roncador.

Equinor's Brazilian subsidiary has signed an agreement to sell its interest in the Peregrino field to Prio Tigris, a unit of PRIO SA, Brazil's largest independent oil-and-gas firm, the company said Friday.

Equinor said on Friday that its Brazil unit has agreed to sell a 60% operated interest in Peregrino oil field to oil company PRIO SA for up to $3.5 billion.

Equinor Brasil Energia Ltda., a subsidiary of Equinor (OSE: EQNR, NYSE: EQNR), has entered into agreements(1) with Brazilian company Prio Tigris Ltda., a subsidiary of PRIO SA (PRIO3.SA) for a sale of its 60% operated interest in the Peregrino field in Brazil.

Lower productions across major segments and weaker commodity prices hurt EQNR's earnings in Q1.

Equinor ASA (NYSE:EQNR ) Q1 2025 Earnings Conference Call April 30, 2025 5:30 AM ET Company Participants Bard Glad Pedersen - SVP, IR Jannicke Nilsson - EVP, Safety, Security & Sustainability Torgrim Reitan - EVP and CFO Anders Opedal - President and CEO Irene Rummelhoff - EVP, MMP Conference Call Participants Teodor Sveen Nilsen - SpareBank 1 Markets Biraj Borkhataria - RBC John Olaisen - ABG Peter Low - Redburn Yoann Charenton - Bernstein Matt Lofting - JPMorgan Chris Kuplent - Bank of America Merrill Lynch James Carmichael - Berenberg Martijn Rats - Morgan Stanley Jason Gabelman - TD Cowen Paul Redman - BNP Paribas Operator Good day, and welcome to the Equinor Analyst Call First Quarter Results. [Operator Instructions].

Europe's need to refill storages, left two-thirds empty after the winter, will keep the gas market tight and require a rise in liquefied natural gas supply, the CEO Anders Opedal of Equinor, the continent's largest gas supplier, said on Wednesday.

Equinor, the Norwegian energy giant, said it is considering legal action after receiving a halt work order from the US government for its Empire Wind project, despite the project being fully permitted and under construction. The development, set to be developed in federal waters approximately 15 to 30 miles off the coast of New York's Long Island, could deliver power to half a million New York homes, is about 30% complete and carries a gross book value of US$2.5 billion.