Equinor achieved total equity production of 2.130 million barrels of oil equivalent per day (mmboe/d) in the third quarter (Q3) of 2025, marking a 7% increase from 1.984 mmboe/d in Q3 2024. The company attributed the production growth to strong performance from the Johan Sverdrup and Johan Castberg fields.
Despite the operational surge, Equinor’s adjusted operating income for Q3 2025 recorded $6.21 billion, which resulted in $1.51 billion after tax. These financial results were negatively affected by lower liquids prices, though this was partially offset by higher production volumes and increased gas prices in the US.
Additionally, the company reported a net operating income of $5.27 billion in Q3 2025, a decrease from $6.91 billion recorded in the same quarter of 2024.
Equinor anticipates that its Midstream, Marketing, and Processing segment will generate an average adjusted operating income of approximately $400 million per quarter going forward. This forecast reflects shifting market conditions and the previous divestment of certain assets.
Equinor, a leading international energy company based in Norway, operates across oil, gas, renewables, and low-carbon solutions globally.
