Equinor, Norway's Energy Giant, Reports Financial Loss

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Oct 29 2025

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Source: Yahoo Finance

Equinor's Financial Performance: Equinor reported a net loss of $210 million in Q3, a significant drop from a net profit of $2.3 billion in the same quarter last year, primarily due to a $754 million impairment charge on asset values.
Oil Price Outlook: The company lowered its forecast for average crude prices in 2030-2040 to $75 per barrel, which contributed to the write-down of asset values and was compounded by a 14% decline in the main international crude oil contract compared to the previous year.
Adjusted Operating Income: The adjusted operating income fell by 10% year-over-year to $6.2 billion, slightly below analyst expectations of $6.3 billion.
Production Increase: Equinor's output increased by 7% from the previous year, averaging 2.13 million barrels per day of oil equivalent, driven by a 9% gain from its Norwegian fields.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.