Record production and high prices drive strong financial results
Production growth of 9% from strong operational performance
Capturing value from volatility through trading
Maintaining cost and capital discipline
Key strategic milestones in the quarter
Seven commercial discoveries on the NCS
Started drilling at the Raia gas field in Brazil
First quarterly dividend from Adura of USD 150 million
Delivering competitive capital distribution
First quarter cash dividend of USD 0.39 per share
Second tranche of the share buy-back of up to USD 375 million
Anders Opedal, President and CEO of Equinor ASA:
"This quarter, we deliver exceptional operational performance and record-high production. Combined with higher prices, we present strong financial results."
"Heightened geopolitical tension continues to disrupt energy flows and commodity prices. In such volatile markets, continued high production from the Norwegian continental shelf reinforces Equinor's role as a trusted energy partner to Europe."
"Successful exploration results on the Norwegian continental shelf underpin long-term supply and value creation. With our strong onshore gas position in the US and the optimised international portfolio, we are further strengthening competitiveness and future cash flow."
Record high production
Equinor delivered record high production in the first quarter, with a total equity production of 2,313 mboe per day, up 9% from 2,123 mboe per day in the same quarter last year.
Production from Johan Castberg, Halten East and Verdande drove a 10% increase in production on the Norwegian continental shelf (NCS) compared to the first quarter of 2025. New wells also contributed, while natural decline across several fields partially offset ...
