Equinor, the Norwegian fossil fuels group, has posted adjusted earnings before tax in the last three months of 2025 of $6.2 billion.
While the North Sea is running out of gas, the firm is set to benefit from the UK market into the future with around 10% of national demand in the hands of two companies – Equinor and Centrica – under a deal struck in 2025.
Combined, energy giants have generated over £125 billion in profits on their UK operations since the energy crisis started according to an analysis of company reports.
A spokesperson for the End Fuel Poverty Coalition commented:
“Equinor’s latest results show that even major producers continue to deliver multi-billion-dollar profits, with plenty of money still flowing out of consumers’ bills and back to the energy giants and their shareholders.
“Yet while companies like Equinor capitalise on the ongoing energy bills crisis, millions of UK households are in a fifth winter of hardship.
“The contrast between corporate gains and household pain underscores the urgent need for a fairer energy system that uses excess industry returns to cut bills and improve home energy efficiency, not line shareholder pockets.”