Equinor Slashes 2026 Buybacks as Low Oil Prices Persist

Equinor (NYSE: EQNR) slashed the amount of share repurchases for 2026 to $1.5 billion from $5 billion last year while it narrowly missed earnings estimates for the fourth quarter of 2025, as higher upstream production couldn’t offset the lower oil and gas prices. The Norwegian major on Wednesday reported adjusted operating income of $6.2 billion for the fourth quarter, with results affected by lower liquids prices, partially offset by higher production and stronger gas prices in the U.S. The earnings fell slightly short of the Equinor-provided...