FY-25: Equinor posts record production but takes $1.4bn Empire Wind hit

Equinor reported record oil and gas production of 2,137 mboe/day and adjusted operating income of $27.6 billion for 2025, but its renewables division posted a $1.6 billion operating loss after the Norwegian major took a $1.4 billion impairment on Empire Wind 1 following two Trump administration stop-work orders on the 810MW New York offshore wind project.