Norwegian energy company Equinor is restructuring its Marketing, Midstream and Processing unit into two separate divisions to enhance value creation. One division will focus on infrastructure and operations, whilst the other will concentrate on trading and market strategy. The infrastructure unit, led by Geir Sørtvedt, will oversee midstream assets including refineries, pipelines and storage facilities, aiming to improve operational efficiency. The trading division, led by Irene Rummelhoff, will leverage data and market intelligence to optimise returns across commodities. The reorganisation, expected to complete by early 2027, follows strong 2025 results with adjusted operating income of $27.6 billion and record production of 2.14 million barrels of oil equivalent per day. The move aligns Equinor with industry trends towards integrated trading capabilities amid volatile global energy markets.

Equinor has published its annual report for 2025, reporting adjusted operating income of $27.6 billion and adjusted net income of $6.43 billion. The Norwegian energy company achieved record-high production of 2,137 thousand barrels of oil equivalent per day, up 3.4% from 2024. The company recorded its lowest ever serious incident frequency of 0.21 per million hours worked, though a fatality at Mongstad highlighted ongoing safety challenges. Return on average capital employed reached 14.5% despite lower commodity prices, whilst organic capital expenditure remained at $13.1 billion. Equinor paid $20.5 billion in corporate income taxes, with $19.7 billion paid in Norway. New production began at Johan Castberg and Brazil's Bacalhau field, whilst the company sanctioned phase two of the Northern Lights carbon capture project. Operated scope 1 and 2 emissions decreased 34% from 2015 to 10.1 million tonnes CO2e.

Equinor has signed a two-year bio methanol supply deal with shipping company Wallenius Wilhelmsen to fuel a new dual-fuel vessel fleet. The agreement marks Equinor's first major commercial move into low-carbon marine fuels beyond its core oil and gas operations. Bio methanol is emerging as an option for shipping companies seeking to reduce emissions. The two-year term allows both companies to test real-world operations and assess market demand for lower-carbon shipping solutions. Equinor currently trades at NOK321.8, approximately 26.6% above the NOK254.2 analyst target. However, Simply Wall St estimates shares are trading 59.4% below fair value. Profit margins have declined to 4.8% from 8.6% last year, whilst the company maintains an unstable dividend record.