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 also announced share repurchases of up to $5 billion for 2025.
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