Equinor ve 2. čtvrtletí zvýšila produkci o 3 % na 2,165 milionu barelů ropného ekvivalentu denně a čistý zisk podle IFRS dosáhl 4,8 miliardy USD. Firma nechala celoroční výhled beze změny.
Equinor ASA (NYSE:EQNR) reported higher second-quarter earnings and production, with Chief Financial Officer Torgrim Reitan saying the company is executing in line with plans presented at its recent Capital Markets Day to grow energy output, cash flow and returns through 2030.
Reitan said Equinor produced 2.165 million barrels of oil equivalent per day in the quarter, up 3% from the same period last year. Adjusted operating income totaled $11.5 billion before tax, while IFRS net income was $4.8 billion. Adjusted earnings per share were $1.33. Cash flow from operations after tax reached $13.7 billion year to date.
“While energy markets remain impacted by geopolitical unrest, we continue to focus on what we control, our operations, how we remain robust through price cycles, and our commitment to cost and capital discipline,” Reitan said.
Production Growth Driven by Norway and New Fields Reitan said production on the Norwegian continental shelf rose 4%, driven by new fields including Johan Castberg, Halten East and Verdande, with Eirin and Symra also coming on stream during the quarter. He highlighted another strong quarter from Johan Sverdrup, where Equinor now expects the annual decline to be at the low end of its previously indicated 10% to 20% range.
Production was affected by turnarounds, maintenance and a temporary outage at Johan Castberg. In response to an analyst question, Reitan said issues related to turbine waste heat took 18 days to resolve, and the field resumed production on July 13. He said the impact to Equinor in the third quarter would be about 14,000 barrels per day.
Internationally, production growth was supported by Adura in the U.K. and Bacalhau in Brazil, offsetting lower ownership in Peregrino and the divestment of onshore Argentina assets. Reitan said first-half production growth totaled 6%, making the company’s full-year guidance of 3% growth “more robust,” though Equinor left its production guidance unchanged.
Financial Results Lifted by Prices, Trading and Refining Equinor said liquids and European gas prices were higher than the same quarter last year, while U.S. gas prices were lower. Adjusted operating income in E&P Norway was $9.2 billion before tax and $2.1 billion after tax. In international E&P, Reitan said operating income nearly doubled on 4% production growth and an improved portfolio.
The company’s Marketing, Midstream and Processing segment delivered $777 million in pretax income, well above its $400 million-per-quarter guidance. Reitan attributed the performance to crude trading and strong results at the Mongstad refinery, which benefited from higher margins. He said European refinery product markets were tight, with FCC margins around $25 per barrel in the second quarter, and that Mongstad continued to deliver strong results early in the third quarter.
Power results reflected a strong contribution from power trading for a second consecutive quarter. Equinor produced 1.2 terawatt-hours of power in the quarter, with growth from Dogger Bank in the U.K. and new onshore assets.
Cash Flow, Divestments and Shareholder Returns Cash flow from operations before tax was $14.8 billion in the quarter. Equinor paid $7.1 billion in taxes, including three Norwegian continental shelf installments totaling about $6.4 billion. Organic capital expenditure was $3.4 billion, and net cash flow before distributions was positive $5.5 billion.
The company distributed $1.1 billion to shareholders during the quarter. Its board approved an ordinary cash dividend of $0.39 per share and a third tranche of share buybacks of up to $1.125 billion, including the Norwegian state’s share.
Reitan said Equinor ended the quarter with about $24 billion in cash and cash equivalents, while its net debt ratio declined to 10.4%. At current forward prices, he said the company expects the net debt ratio to be somewhat below 10% at year-end.
Equinor also recorded proceeds from portfolio actions. The sale of Argentina onshore assets generated $558 million in proceeds during the quarter, in addition to $88 million received in the first quarter, and Equinor recorded a $467 million gain. A partial divestment of its financial position in Scatec generated $171 million in proceeds and an accumulated recorded gain of $61 million.
Gas Market Outlook and Capital Allocation Asked about European natural gas markets, Reitan described the situation as “vulnerable” heading into autumn and winter, citing uncertainty around LNG flows and European storage levels. He said storage was 53% full, more than 15 percentage points below average, and that Equinor does not expect Europe to reach 80% storage before winter.
Reitan said Equinor is already producing gas at maximum levels in the short term, but can optimize flows through its production and transportation system toward markets where gas is most needed and prices are highest. He said Equinor keeps its natural gas exposure floating, with 70% linked to day-ahead prices and 30% to month-ahead prices.
On whether strong cash flow could lead to share buybacks above the $3 billion now planned for the year, Reitan said no. He said additional cash has been directed toward increasing oil and gas investments by $1 billion, strengthening the balance sheet and doubling the share buyback program for the year.
Project Pipeline and Cost Focus Reitan pointed to several projects supporting future growth, including the ramp-up of Bacalhau, which he said is expected to reach plateau by year-end. He also cited Raia in Brazil, Sparta in the Gulf of Mexico, Rosebank and Jekta in the U.K., and the recently sanctioned Greater PAJ project in Angola.
On Bay du Nord in Canada, Reitan said BP is handing its ownership to Equinor and that the timeline remains unchanged, with a sanctioning target in 2027. He said Equinor is working to bring in another partner and described the project as supported by the Canadian government.
Reitan said Equinor continues to manage cost inflation through portfolio-level contracting, standardization and simplification. He said the company’s new developments have a break-even below $40 per barrel and that its NCS 2035 operating model aims to double development speed and cut costs by half across a portfolio of projects.
Equinor left its guidance unchanged for production, capital spending and capital distribution, with Reitan saying the quarter demonstrated progress toward the company’s stated objectives of increasing production by 150,000 barrels per day to 2030, growing cash flow from operations by 30% and targeting a 15% return on capital employed through the decade.
About Equinor ASA (NYSE:EQNR) Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.
In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.
Evropa podle šéfa Equinoru pravděpodobně nesplní cíl naplnit zásobníky plynu na 80 % před zimou. Zásoby jsou jen na 54 % a kontinent tak čeká větší cenová volatilita.
Anders Opedal, CEO of Equinor, speaks to Reuters reporters as major oil executives, energy ministers, mining and government officials attend CERAWeek by S&P Global in Houston, Texas, U.S.,... Purchase Licensing Rights, opens new tab Read more
SummaryCompaniesStorage levels below five-year averageAsian buyers draw LNG cargoes from EuropeEurope will be more exposed to price swings, Equinor CEO saysOSLO, July 22 (Reuters) - The CEO of Europe's largest supplier of natural gas expects the region to fall short of its goal to fill gas storage sites to 80% of capacity before the winter, hampered by market tightness that has increased competition from buyers in Asia.
Gas volumes at European storage sites are significantly lower than the five-year average and at their second-lowest level in 15 years, Equinor (EQNR.OL), opens new tab chief Anders Opedal told Reuters on Wednesday after the company reported its highest quarterly profit since early 2023.
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"We do not think that Europe will necessarily be able to fill up its stocks to more than 80% this autumn," Opedal said.
As a result of lower gas storage levels, which currently stand at 54%, Europe will be more exposed to market price swings this winter than in previous winters, he added.
The U.S.-Iran war has effectively halted shipping through the Strait of Hormuz, including about a fifth of the world's liquefied natural gas, typically delivered to Asian customers.
Europe, meanwhile, has been unable to call on Russian pipeline gas as those supplies are phased out because of the war in Ukraine.
Equinor says that Europe relies on LNG to meet about 30% of its import needs, but supply is now missing.
"The gas that was supposed to come from Qatar was supposed to go to Asia, and that means that LNG that earlier in the year came into Europe is now going to Asia," Opedal said, referring to the increased competition for global supplies.
Reporting by Nora Buli Editing by Terje Solsvik and David Goodman
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Equinor ve 2. čtvrtletí 2026 zvýšil upravený provozní zisk na 11,48 mld. USD a čistý zisk na 4,84 mld. USD. Produkce vzrostla o 3 % na 2 165 mboe denně.
Equinor (OSE:EQNR, NYSE:EQNR) delivered an adjusted operating income* of USD 11.48 billion in the second quarter of 2026. Equinor reported a net operating income of USD 12.99 billion and a net income of USD 4.84 billion. Adjusted net income* was USD 3.22 billion, leading to adjusted earnings per share* of USD 1.33.
Delivering on strategy: more energy, growing cash flow and superior returns
Contracts awarded for first wave of NCS tie-back projectsStrategic transactions on the NCS to harmonise ownership and progress Ringvei VestFID taken for Greater PAJ in Angola
Strong production, cash flow and financial results
Production growth of 3%High value creation from asset-backed tradingCash flow from operations after taxes paid* of USD 7.7 billion
Capital distribution
Second quarter cash dividend of USD 0.39 per shareThird tranche of the share buy-back of up to USD 1,125 millionExpected share buy-back of USD 3 billion for 2026
Anders Opedal, President and CEO of Equinor ASA:
“Strong production in the second quarter enabled us to capture value from higher prices, contributing to strong cash flow and financial results.”
“We made progress on our priorities set out at the Capital Markets Day to deliver more energy, growing cash flow and superior returns. In the quarter, we strengthened our portfolio through project execution and strategic transactions.”
“Reliable energy is important in a volatile world marked by heightened geopolitical tension. Our role is to deliver energy safely and efficiently every day.”
More energy through strong production
Equinor delivered high production in the second quarter with a total equity production of 2,165 mboe per day in the second quarter. This is a 3% increase compared to 2,096 mboe per day in the same quarter last year.
Production from new fields, including Eirin and Symra coming on stream, drove a 4% production increase on the Norwegian continental shelf (NCS) compared to the second quarter of 2025. Johan Sverdrup and new wells supported the production, while planned turnaround activity and natural decline partially offset the result.
The addition of production from Adura in the UK and the Bacalhau field in Brazil, as well as lower turnaround activity, contributed to a 4% production increase in the international oil and gas reporting segment compared to the same period last year. This was partially offset by portfolio changes, in addition to natural decline and operational issues at Roncador in Brazil.
The production in the US was stable in the quarter compared to the same quarter last year.
Total power generation was 1.19 TWh. Driven by Dogger Bank B and new onshore assets, renewable power generation increased by 11% compared to the second quarter of 2025. The increase in total power generation was partially offset by lower gas-to-power generation.
Growing cash flow with strong financial results
Equinor delivered an adjusted operating income* of USD 11.48 billion and USD 3.44 billion after tax* in the second quarter. The results are primarily impacted by higher liquid prices globally and European gas prices, partially offset by lower US gas prices.
The reported net operating income of USD 12.99 billion is up from USD 5.72 billion in the same quarter last year. Results were supported by higher prices, positive derivative effects and the sale of assets in Argentina.
Equinor realised a European gas price of USD 15.8 per mmbtu and a liquids price of USD 97.9 per bbl in the second quarter.
The Marketing, Midstream and Processing results were strong, primarily driven by strong crude trading and refining performance.
Adjusted operating and administrative expenses* were higher compared to the same quarter last year. This was mainly due to higher transportation costs from increased freight rates and currency effects.
High production combined with higher prices generated cash flows provided by operating activities, before taxes paid and working capital items, of USD 14.75 billion.
In the quarter, Equinor paid the final three NCS tax instalments for 2025 totalling USD 6.4 billion.
Cash flow from operations after taxes paid* ended at USD 7.68 billion.
Organic capital expenditure* was USD 3.35 billion and total capital expenditures were USD 3.57 billion.
The net debt to capital employed adjusted ratio* was 10.4% at the end of the second quarter, compared to 15.3% last quarter.
Executing on strategy
On the NCS, Equinor awarded contracts for the first wave of NCS tie-back projects and secured a series of strategic transactions to unlock additional value, accelerate development and strengthen the position in key areas.
Moreover, production started at both the Symra and the Eirin field, of which the latter is expected to extend the production from the Gina Krog platform by seven years.
In the quarter, Equinor, together with partners, took a final investment decision for the offshore oil development Greater PAJ project in Angola.
Equinor had exploration activity on ten wells in the quarter. Seven wells were completed, of which three appraisal wells on the NCS confirm previously reported commercial discoveries.
Capital distribution
The board of directors has decided a cash dividend of USD 0.39 per share for the second quarter 2026. This is in line with the communication on 4 February 2026, when results for the fourth quarter of 2025 were announced.
At the Capital Markets Day on 16 June this year, Equinor announced an intention to increase the share buy-back programme for 2026 by USD 1.5 billion. This brings the total expected programme for 2026 to up to USD 3 billion, including shares to be redeemed from the Norwegian State. The board has decided to initiate a third tranche of the share buy-back programme for 2026 of up to USD 1,125 million. The tranche will commence on 23 July and end no later than 26 October 2026.
The second tranche of the share buy-back programme for 2026 was completed on 16 July 2026 with a total value of USD 375 million.
All share buy-back amounts include shares to be redeemed by the Norwegian State.
- - -
*For items marked with an asterisk throughout this report, see Use and reconciliation of non-GAAP financial measures in the Supplementary disclosures.
Equinor v rámci druhé tranše programu zpětného odkupu koupil od 6. do 10. července 507 713 vlastních akcií za průměrnou cenu 327,3386 NOK za kus. Celkem už v této tranši odkoupil 3 261 816 akcií.
Please see below information about transactions made under the second tranche of the 2026 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).
Date on which the buy-back tranche was announced: 6 May 2026.
The duration of the buy-back tranche: 19 May to no later than 20 July 2026.
Further information on the tranche can be found in the stock market announcement on its commencement dated 6 May 2026, available here: https://newsweb.oslobors.no/message/672447
From 6 July to 10 July 2026, Equinor ASA has purchased a total of 507,713 own shares at an average price of NOK 327.3386 per share.
Overview of transactions:
DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK) 6 JulyOSE114,796316.412536,322,889.35 CEUX TQEX 7 JulyOSE105,000323.521433,969,747.00 CEUX TQEX 8 JulyOSE95,000335.687331,890,293.50 CEUX TQEX 9 JulyOSE95,000333.444131,677,189.50 CEUX TQEX 10 JulyOSE97,917330.218132,333,965.70 CEUX TQEX Total for the periodOSE507,713327.3386166,194,085.05 CEUX TQEX Previously disclosed buy-backs under the trancheOSE2,754,103335.7185924,603,196.68CEUX TQEX Total2,754,103335.7185924,603,196.68 Total buy-backs under the tranche (accumulated)OSE3,261,816334.41411,090,797,281.73CEUX TQEX Total3,261,816334.41411,090,797,281.73 Following completion of the above transactions, Equinor ASA owns a total of 13,767,701 own shares, corresponding to 0.58% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 3,261,816 own shares, corresponding to 0.14% of the share capital).
This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.
Equinor od 29. června do 3. července odkoupil 439 635 vlastních akcií za průměrnou cenu 313,6694 NOK za kus. V rámci druhé tranše programu už nakoupil 2 754 103 akcií.
Please see below information about transactions made under the second tranche of the 2026 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).
Date on which the buy-back tranche was announced: 6 May 2026.
The duration of the buy-back tranche: 19 May to no later than 20 July 2026.
Further information on the tranche can be found in the stock market announcement on its commencement dated 6 May 2026, available here: https://newsweb.oslobors.no/message/672447
From 29 June to 3 July 2026, Equinor ASA has purchased a total of 439,635 own shares at an average price of NOK 313.6694 per share.
Overview of transactions:
DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK) 29 JuneOSE100,000311.491531,149,150.00 CEUX TQEX 30 JuneOSE99,635312.093931,095,475.73 CEUX TQEX 1 JulyOSE CEUX TQEX 2 JulyOSE120,000313.420837,610,496.00 CEUX TQEX 3 JulyOSE120,000317.041238,044,944.00 CEUX TQEX Total for the periodOSE439,635313.6694137,900,065.73 CEUX TQEX Previously disclosed buy-backs under the trancheOSE2,314,468339.9067786,703,130.95CEUX TQEX Total2,314,468339.9067786,703,130.95 Total buy-backs under the tranche (accumulated)OSE2,754,103335.7185924,603,196.68CEUX TQEX Total2,754,103335.7185924,603,196.68 Following completion of the above transactions, Equinor ASA owns a total of 13,259,988 own shares, corresponding to 0.55% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 2,754,103 own shares, corresponding to 0.12% of the share capital).
This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.
Equinor prodloužila dohodu s CHC Helikopter Service do 31. ledna 2030 a zajistila si leteckou přepravu i SAR pro offshore provoz v centrálním Norsku. Současně uzavřela s Transocean záměr o tři vrtné plošiny za zhruba 1 miliardu USD.
Key Takeaways EQNR extends its agreement with CHC Helikopter Service through 2030 for personnel transport and SAR services.Equinor signed a letter of intent with Transocean for three drilling rigs worth about $1 billion.The rigs support Equinor's plan to produce 1.3 MMboe/d by 2035 through new wells and subsea projects. Equinor ASA (EQNR - Free Report) has extended its agreement with CHC Helikopter Service through 2030, exercising two contract options worth NOK 1.7 billion. The extension secures helicopter transport and search-and-rescue (SAR) services for its offshore operations in Central Norway, ensuring uninterrupted support for personnel safety and emergency preparedness.
CHC will continue operating Sikorsky S-92 helicopters, with two passenger helicopters and one backup SAR helicopter operating from Kristiansund, one passenger helicopter with medical evacuation capability operarting from Bronnoysund, and one dedicated SAR helicopter stationed at the Heidrun platform. Effective from Feb. 1, 2028, to Jan. 31, 2030, the agreement maintains critical helicopter support for EQNR's offshore operations.
On July 1, 2026, Equinor signed a letter of intent with Transocean worth approximately $1 billion to secure three Cat D drilling rigs for a combined seven rig-years. The agreement covers the Transocean Enabler (three years), Transocean Encourage (two years) and Transocean Endurance (two years) at day rates below $400,000, demonstrating disciplined capital allocation and a long-term production strategy through 2035.
The rigs will help Equinor drill new subsea developments and enhanced recovery wells more efficiently, supporting management’s target of producing 1.3 million barrels of oil equivalent per day (MMboe/d) by 2035, with roughly 70% of production expected to come from new wells. EQNR also plans to deliver more than 125 wells annually, 75 subsea projects and 200 well-plugging operations through 2035.
The CHC agreement reduces operational risks by guaranteeing reliable logistics for Equinor's offshore operations in Central Norway. Securing proven, winterized Cat D rigs years in advance reduces well costs, accelerates drilling activity and supports production growth. These agreements strengthen Equinor's business, generate additional cash flows and reinforce its appeal to investors.
Equinor currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the energy sector are Aker BP ASA (AKRBY - Free Report) , Vista Energy, S.A.B. de C.V. (VIST - Free Report) and Cenovus Energy Inc. (CVE - Free Report) . AKRBY and VIST currently carry a Zacks Rank #2 (Buy) each, and CVE sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Aker BP operates major hubs on the Norwegian Continental Shelf, including Alvheim, Edvard Grieg/Ivar Aasen, Valhall, Skarv and Ula, while also holding an ownership stake in Johan Sverdrup. AKRBY has broadened its exploration footprint by acquiring a 19% interest in promising licenses such as Grosbeak, Swisher, Toppand and Rover.
Operating across 205,600 acres in Vaca Muerta, Argentina's leading shale basin, Vista is positioned for substantial long-term growth. Backed by these extensive assets, VIST targets a daily production capacity of 200,000 barrels of oil equivalent by 2030.
Cenovus drives integrated oil and gas operations across Canada and the United States through its upstream assets and downstream refineries. To increase production and enhance cash flow, CVE is advancing key growth initiatives, including the Christina Lake North and Sunrise expansions, the West White Rose offshore project and Foster Creek optimizations.
BP prodává svůj 37,2% podíl v projektu Bay du Nord v Kanadě partnerovi Equinor, který se stane jediným vlastníkem. BP tak dál přeskupuje portfolio směrem k výnosnějším projektům.
Item 1 of 2 Fuel prices are displayed on a board at a BP gas station in Afferden, Netherlands, April 13, 2026. REUTERS/Piroschka van de Wouw
[1/2]Fuel prices are displayed on a board at a BP gas station in Afferden, Netherlands, April 13, 2026. REUTERS/Piroschka van de Wouw Purchase Licensing Rights, opens new tab
SummaryCompaniesSale is part of BP portfolio simplificationMore than 400 million barrels of oil expected from first phaseDevelopment investment estimated at about $9.8 billionLONDON, July 6 (Reuters) - BP (BP.L), opens new tab has agreed to sell its stake in the Bay du Nord offshore oil project in Canada to partner Equinor (EQNR.OL), opens new tab as the British energy major sharpens its focus on higher-return opportunities.
Under the agreement, Norway's Equinor will become the sole owner of Bay du Nord, acquiring BP's 37.2% stake, the companies said on Monday without disclosing financial terms.
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The agreement represents another step in BP's efforts to reshape its portfolio to improve profitability, reduce debt and focus capital on higher-return oil and gas projects. BP will retain its 100% ownership of two exploration offshore licences in the Canadian province of Newfoundland and Labrador.
Equinor will seek to advance the project toward a final investment decision in early 2027.
The Bay du Nord development lies in the Flemish Pass Basin about 500 km (310 miles) east of St. John's in Newfoundland and Labrador. Expected to tap more than 400 million barrels of oil in its initial phase, the project is based on a floating production, storage and offloading vessel (FPSO) with subsea tiebacks.
Equinor is targeting first oil for 2031, with required investment estimated at about C$14 billion ($9.84 billion).
($1 = 1.4227 Canadian dollars)
Reporting by Stephanie Kelly Editing by David Goodman
Our Standards: The Thomson Reuters Trust Principles., opens new tab
A London-based senior correspondent covering UK-listed energy companies including BP and Shell and energy developments in Europe, the Middle East and Africa.
Equinor vyměnil aktiva s Var Energi a zvýšil podíly ve Fram na 50 %, v Mulder a Gronngylt na 85 % a v Grosbeak na 36 % v PL090JS a 76 % v PL925. Získává tak více produkčních aktiv a rozšiřuje budoucí rozvojový pipeline na norském kontinentálním šelfu.
Key Takeaways Equinor increased its ownership in Fram, Mulder, Gronngylt and Grosbeak through an asset swap with Var Energi.The deal boosts near-term production while expanding Equinor's future development pipeline on the NCS.Peon will advance as a subsea tie-back to Gjoa, leveraging existing infrastructure to lower development costs. Equinor ASA (EQNR - Free Report) has strengthened its portfolio on the Norwegian Continental Shelf (NCS) through a strategic asset swap with Var Energi, reinforcing its long-term production and value creation strategy. Subject to customary approvals, the carve-out and operatorship transfer will take effect upon transaction closing, with Equinor operating the assets until that time.
Under the agreement, Equinor transferred a 32.5% interest and operatorship in the Peon gas discovery while retaining significant ownership. In return, the company acquired a 5% stake in the producing Fram field, increasing its ownership to 50%. It acquired a 40% interest across the Mulder and Gronngylt discoveries, which raised its stakes in those assets to 85%.
EQNR expanded its presence in the Grosbeak prospect by securing a 15% stake in the PL090JS discovery, increasing its total to 36% and a 10% stake in the PL925 discovery, raising its ownership to 76%. These acquisitions enhance Equinor's position in the highly prospective Troll-Fram area and increase its exposure to producing and near-development assets.
The transaction improves the quality of Equinor's asset portfolio by exchanging a portion of a single undeveloped project for a diversified mix of producing assets and development opportunities. The additional stake in the Fram field is expected to support near-term production and cash flow generation, while increased ownership in the Mulder, Gronngylt and Grosbeak discoveries expands the company's future development pipeline. These assets also benefit from their proximity to existing infrastructure, enabling lower cost development, faster commercialization and improved capital efficiency.
The transaction also accelerates the development of the Peon gas discovery, one of the largest undeveloped gas discoveries on the NCS, with estimated recoverable resources of 105-195 million barrels of oil equivalent. Located approximately 60 kilometers from the Gjoa field, Peon is slated for development as a subsea tie-back to the established Gjoa platform. By processing the extracted gas at the Karsto plant, EQNR is expected to successfully reduce emissions, cut development costs and extend the lifecycle of existing facilities.
The asset swap aligns with Equinor's broader strategy of optimizing its NCS portfolio through disciplined capital allocation and asset management. By increasing its exposure to high-quality producing assets while accelerating low-cost tie-back developments, EQNR is strengthening its business model and improving its production outlook, ultimately enhancing its appeal to investors.
Equinor currently carries a Zacks Rank #3 (Hold).
With Brent crude prices trading above the $70-per-barrel mark and West Texas Intermediate (“WTI”) crude prices trading around the $70-per-barrel mark, according to oilprice.com, upstream players like W&T Offshore, Inc. (WTI - Free Report) and integrated players like Vista Energy, S.A.B. de C.V. (VIST - Free Report) , Aker BP ASA (AKRBY - Free Report) and EQNR, all of which have a presence in upstream operations, are benefiting from the elevated crude pricing environment. WTI and VIST currently carry a Zacks Rank #2 (Buy) each, while AKRBY sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
W&T Offshore has a strong offshore footprint in the Gulf of America, which spans approximately 605,000 acres and supports a large reserve base. WTI's 1P and 2P reserves provide 20 years’ production potential and resource longevity.
Vista operates 205,600 acres in Argentina's premier shale basin, the Vaca Muerta. Supported by this massive footprint, VIST expects to achieve a production rate of 200 thousand barrels of oil equivalent per day by 2030.
Aker BP extracts oil and gas on the Norwegian continental shelf, serving as operator for the Alvheim, Edvard Grieg/Ivar Aasen, Valhall, Skarv, and Ula field centers, and as a partner in the Johan Sverdrup field. AKRBY strengthened its exploration portfolio across the Norwegian Continental Shelf by acquiring a 19% interest in several high-potential licenses, including Grosbeak, Swisher, Toppand and Rover.
Equinor v rámci druhé tranše zpětného odkupu koupil 476 100 vlastních akcií za průměrnou cenu 312,8869 NOK za kus. Po transakcích drží 67 619 649 vlastních akcií, tedy 2,64 % kapitálu.
Please see below information about transactions made under the second tranche of the 2026 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).
Date on which the buy-back tranche was announced: 6 May 2026.
The duration of the buy-back tranche: 19 May to no later than 20 July 2026.
Further information on the tranche can be found in the stock market announcement on its commencement dated 6 May 2026, available here: https://newsweb.oslobors.no/message/672447
From 22 June to 26 June 2026, Equinor ASA has purchased a total of 476,100 own shares at an average price of NOK 312.8869 per share.
Overview of transactions:
DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK) 22 JuneOSE92,000318.161129,270,821.20 CEUX TQEX 23 JuneOSE92,000317.868629,243,911.20 CEUX TQEX 24 JuneOSE92,100315.206829,030,546.28 CEUX TQEX 25 JuneOSE100,000307.001730,700,170.00 CEUX TQEX 26 JuneOSE100,000307.20030,720,000.00 CEUX TQEX Total for the periodOSE476,100312.8869148,965,448.68 CEUX TQEX Previously disclosed buy-backs under the trancheOSE1,838,368346.9043637,737,682.27CEUX TQEX Total1,838,368346.9043637,737,682.27 Total buy-backs under the tranche (accumulated)OSE2,314,468339.9067786,703,130.95CEUX TQEX Total2,314,468339.9067786,703,130.95 Following completion of the above transactions, Equinor ASA owns a total of 67,619,649 own shares, corresponding to 2.64% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 57,113,764 own shares, corresponding to 2.23% of the share capital).
This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.
Equinor ukončí aktivity v offshore větrné energetice v Japonsku a do konce roku 2026 zavře tokijskou kancelář. Firma po neúspěchu v aukcích přeorientovává strategii na integrované energetické trhy.
The logo of Equinor is set up at the entrance of a building at Western Europe's largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi... Purchase Licensing Rights, opens new tab Read more
CompaniesOSLO, June 26 (Reuters) - Norway's energy firm Equinor (EQNR.OL), opens new tab has decided to end its offshore wind business activities in Japan and close its Tokyo office by the end of 2026, the company said on its website.
"This decision reflects a reassessment of Equinor's strategic direction, with a strengthened focus on integrated power markets," it added.
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The majority state-owned company entered Japan in 2018 but failed to win any leases in successive offshore wind auctions.
It had already pulled back from offshore wind development in several markets, including Vietnam, Spain, Portugal and France, citing rising costs.
Equinor, whose core business remains oil and gas production, further scaled back its renewables ambitions on June 16, scrapping its 2030 installed capacity target.
Instead, the company said it would focus on expanding its integrated power business, combining renewables with gas-to-power generation and other sources.
Reporting by Nerijus Adomaitis, editing by Essi Lehto
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Equinor a partneři u projektu Wisting odložili plán napájení z pevniny kvůli vysokým nákladům a technické složitosti. Místo toho pokračují s řešením založeným na plynové turbíně.
Equinor's logo is seen next to the company's headquarters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins//File Photo Purchase Licensing Rights, opens new tab
CompaniesOSLO, June 25 (Reuters) - Norway's biggest oil company Equinor (EQNR.OL), opens new tab and its partners have dropped plans to electrify the Wisting oilfield from shore due to high costs and technical complexity, it said on Thursday.
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Wisting is the largest undeveloped discovery on the Norwegian continental shelf, with estimated resources of nearly 500 million barrels of oil equivalent.
"Power from shore has been thoroughly assessed but was ruled out due to technical complexity and high costs," Trond Bokn, Equinor's senior vice president for project development, said.
"We are now continuing our work on power generation based on an energy-efficient gas turbine solution," he said in a statement.
A final investment decision is planned for the end of 2027.
If sanctioned, Wisting could produce for around 30 years.
Equinor (42.5%) operates the licence alongside Aker BP (AKRBP.OL), opens new tab (27.5%), state-owned Petoro (20%) and INPEX Idemitsu (1605.T), opens new tab (10%).
Equinor and its partners on Thursday submitted for public consultation a proposed programme for the environmental impact assessment of a development of the field.
Partners have selected a Floating Production, Storage, and Offloading (FPSO) vessel as the development concept.
They will assess the potential for carbon capture and storage (CCS) to reduce CO2 emissions from production, Equinor said.
Reporting by Nerijus Adomaitis, editing by Anna Ringstrom
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Equinor a partneři investují přes 4 miliardy norských korun do nového podmořského projektu na ložisku Troll, který zvýší těžbu plynu v Norsku. Zahájení produkce je plánováno nejdříve na rok 2028.
The logo of Equinor is set up at the entrance of a building at Western Europe's largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi Niesner Purchase Licensing Rights, opens new tab
SummaryCompaniesCompanies investing $410 million to expand outputStartup of new wells expected in 2028Owners are Equinor, Petoro, Shell, TotalEnergies, ConocoPhillipsNorway is Europe's biggest gas supplierOSLO, June 19 (Reuters) - Equinor (EQNR.OL), opens new tab and its partners will invest just over 4 billion Norwegian crowns ($410 million) in a new subsea development that will boost gas production from Norway's offshore Troll field, the company said on Friday.
Norway is Europe's biggest supplier of natural gas, meeting around 30% of the continent's annual demand, and the North Sea Troll field is its largest gas resource.
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The expansion will lift Norway's output of gas by between 2 million and 2.5 million cubic metres (mcm) per day for the first eight years, a company spokesperson said, corresponding to just under 1% of the country's daily production.
The TWIN project agreed with partners Petoro, Shell (SHEL.L), opens new tab, TotalEnergies (TTEF.PA), opens new tab and ConocoPhillips is expected to contribute a total of around 11 billion standard cubic metres of gas from Troll, Equinor said in a statement.
The companies aim to start production from the new development as early as 2028, said Gunnar Nakken, Equinor's senior vice president for projects and subsea in Norway.
"By simplifying, increasing standardisation, and reusing existing infrastructure and equipment, we are reducing costs and enabling faster production in line with our new ways of working," Nakken said in the statement.
PROJECT IS THIRD STAGE OF TROLL PHASE 3The TWIN project, consisting of two wells in a seabed template and a pipeline connected to existing subsea facilities, is the third step of Troll phase 3, which produces gas from the Troll West reservoir, Equinor said.
It follows the announcement last month that Norway's petroleum safety regulator had given Equinor permission to start gas production from the now completed second phase of Troll phase 3.
Operator Equinor owns a 30.55% stake in Troll, while state company Petoro holds 55.93%, Shell 8.19%, TotalEnergies 3.69% and ConocoPhillips 1.64%.
($1 = 9.7534 Norwegian crowns)
Reporting by Terje Solsvik; Editing by Nora Buli
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Equinor do roku 2030 cílí na produkci 2,3 milionu barelů ropného ekvivalentu denně a více než 40 miliard USD volného peněžního toku. Zároveň plánuje v roce 2026 zpětný odkup akcií za 3 miliardy USD.
Key Takeaways Equinor plans to increase production to 2.3 MMBoe/d by 2030, driven by NCS and international growth.Equinor expects more than $40 billion in free cash flow after capex and lease payments during 2026-2030.Equinor plans a $3B 2026 share buyback program and targets annual dividend growth above 5%. Equinor ASA (EQNR - Free Report) presents an updated strategy focused on delivering higher production, stronger cash flows and enhanced shareholder returns through 2030. Equinor plans to increase total production to 2.3 million barrels of oil-equivalent per day (MMBoe/d) by 2030, driven by growth on the Norwegian Continental Shelf (NCS), and a 30% increase in international oil and gas output. EQNR also expects power generation to exceed 20 terawatt-hours by 2030, supported by projects under execution.
The Norwegian integrated giant is balancing disciplined spending with targeted investments and has outlined an $11-$13 billion capital expenditure (capex) plan for 2027. Equinor will direct roughly 60% of these funds to the NCS, 30% to international oil and gas projects and 10% to power. Management expects cash flow from operations (CFFO), after tax to increase 30% between 2025 and 2030, and forecasts more than $40 billion of free cash flow after capex and lease payments during 2026-2030.
Equinor's NCS portfolio remains a key value driver, supported by low-cost subsea developments with break-even prices below $35 per barrel and payback periods of less than 2.5 years. EQNR has upgraded its NCS production forecast by 100,000 barrels of oil-equivalent per day (Boe/d), with targets set at 1.35 MMBoe/d for 2030 and 1.3 MMBoe/d for 2035.
The Norwegian integrated giant is also expanding its international portfolio in key basins such as the United States, Brazil, Angola, the U.K. and Canada. International production is expected to reach 950,000 Boe/d by 2030, generating $20 billion in free cash flow after capital spending and lease payments over the next five years. EQNR expects CFFO to increase 80% to $9 billion in 2030, while trading and market optimization earnings are projected to rise 25% to $500 million per quarter through increased deployment of digital tools and artificial intelligence.
Equinor is expected to strengthen its shareholder return framework by doubling its 2026 share buyback program to $3 billion and introducing the annual buyback guidance of $2-$4 billion from 2027 onward. EQNR aims increasing its quarterly cash dividend per share by more than 5% per year. Combined with a targeted return on average capital employed above 15%, these initiatives reinforce Equinor's commitment to long-term value creation and capital returns.
Equinor currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the energy sector that have a presence in the upstream operations are W&T Offshore, Inc. (WTI - Free Report) , YPF Sociedad Anónima (YPF - Free Report) and Ecopetrol S.A. (EC - Free Report) .
As W&T Offshore, YPF and Ecopetrol have upstream presence like Equinor, their business models are highly sensitive to oil and gas price fluctuations. WTI currently carries a Zacks Rank #2 (Buy), and YPF and EC sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
W&T Offshore leverages a diverse portfolio of offshore assets in the Gulf of America to produce oil and natural gas. Holding approximately 605,000 acres, WTI maintains substantial 1P and 2P reserves, supporting a production lifespan of nearly 20 years.
YPF is an integrated energy company that leverages its strong foothold in Argentina’s Vaca Muerta formation to drive production growth. Increased field activity in the coming quarters is expected to boost YPF's oil and gas volumes in the second half of 2026.
Operating across the hydrocarbon value chain, Ecopetrol serves as Colombia’s leading integrated energy company. EC anticipates achieving production of 730,000-740,000 Boe/d in 2026, and plans to maintain this output between 700,000 and 750,000 Boe/d through 2040.
