Equinor reported a record 9% production increase in Q1 2026, reaching 2,313 mboe per day, driven by strong performance on the Norwegian continental shelf and international assets. The company achieved an adjusted operating income of $9.77 billion and adjusted net income of $3.70 billion, supported by higher liquids and US gas prices despite lower European gas prices. Key strategic moves included seven new discoveries on the Norwegian shelf, drilling at Brazil's Raia gas field, and expanding renewable energy projects. Equinor also declared a $0.39 per share dividend and initiated a $375 million share buy-back tranche, signaling confidence in future cash flows amid ongoing geopolitical energy uncertainties.
Equinor ASA has completed the third tranche of its 2026 share buy-back program, purchasing 220,000 shares between July 23 and 24 at an average price of NOK 391.49 per share. This tranche runs from July 23 to October 26, 2026, and the total value of s...
Despite nearly six months of major global oil supply disruptions, oil prices remain surprisingly stable while equity markets have risen. However, data suggests a significant oil price spike could begin in August, which may cause stock markets to fall...
