05:01 AM EST, 02/05/2025 (MT Newswires) -- Equinor ( EQNR ) reported Q4 adjusted earnings Wednesday of $0.63 per share, up from $0.62 a year earlier.

Analysts polled by FactSet expected $0.74.

Revenue and other income for the quarter was $27.65 billion, down from $29.05 billion a year earlier. Comparable analyst estimates weren't immediately available.

The company said it is cutting investment outlook to renewables and low carbon solutions to around $5 billion in total after project financing for 2025-2027. It is also reducing expected capacity in renewables to 10 to 12 gigawatt by 2030.

Equinor ( EQNR ) also announced share repurchases of up to $5 billion for 2025.