Key Takeaways Equinor's Q2 EPS missed estimates, while revenues rose 40% and earnings more than doubled.Higher liquids and European gas prices, 3% production growth and strong trading supported results.Equinor kept its 2026 output and capex outlooks, with buybacks expected to reach up to $3 billion. Equinor ASA (EQNR - Free Report) reported second-quarter 2026 adjusted earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.38 by 3.6%. The bottom line surged 107.8% from 64 cents in the year-ago quarter.
Quarterly revenues of $35.18 billion increased 40% year over year and surpassed the consensus estimate of $35.09 billion by 0.2%.
The results were supported by higher liquids and European gas prices, 3% production growth and strong trading performance.
EQNR Benefits From Higher Prices and OutputEquinor’s adjusted operating income increased 76% year over year to $11.48 billion. Adjusted net income climbed 93% to $3.23 billion. Reported net operating income more than doubled to $12.99 billion, aided by higher commodity prices, positive derivative effects and the sale of assets in Argentina.
The company realized an average liquids price of $97.90 per barrel, up 55% from $63 per barrel a year earlier. Total equity liquids and gas production reached 2,165 thousand barrels of oil equivalent (Mboe) per day. Total power generation attributed to Equinor in the second quarter was 1.19 terawatt-hours (TWh) compared with 1.12 TWh a year ago.
The realized European piped gas price rose to $15.79 per million British thermal units (MMBtu) from $12 MMBtu in the year-earlier period. However, the U.S. piped gas price declined 16% year over year to $2.30 MMBtu.
Equinor’s Norway Business Delivers Strong GrowthExploration & Production (E&P) Norway generated adjusted operating income of $9.19 billion, up 61% from $5.71 billion in the prior-year quarter. The improvement reflected robust production levels and stronger realized prices, partly offset by higher operating expenses.
E&P Norway liquids and gas production increased 4% to 1,415 MBoe per day. The ramp-up of the Johan Castberg, Halten East and Verdande fields, along with new wells coming online, contributed to the production increase. Planned turnaround activity and natural decline partially offset these gains.
EQNR’s International & U.S. Units ImproveExploration & Production International generated adjusted operating income of $843 million, up from $429 million a year earlier. Average daily equity production rose 4% to 317 MBoe per day, driven by contributions from Adura in the U.K. and the start-up of Bacalhau in Brazil. Lower turnaround activity further contributed to the production increase, partially offset by the Peregrino and Argentina divestments, natural production declines and operational issues at Roncador.
Exploration & Production USA’s adjusted operating income jumped to $720 million from $183 million a year earlier. The increase was supported by stable production volumes, higher liquids prices and lower operating and administrative expenses in the reported quarter. Equity liquids and gas production averaged 433 Mboe in the second quarter compared with 431 Mboe in second-quarter 2025, supported by higher U.S. offshore production.
Equinor’s Trading Operations Add Meaningful ValueMarketing, Midstream & Processing reported adjusted operating income of $777 million, up from $337 million in the year-ago period. The result exceeded management’s normal quarterly guidance of roughly $400 million.
Strong crude trading, shipping optimization and refining performance drove the improvement. High refinery margins and solid operating reliability at the Mongstad refinery further supported the results. LNG trading performed above expectations, while the company’s regular gas-trading activities were broadly in line with normal levels.
EQNR Expands Renewable Power GenerationThe Power segment recorded an adjusted operating loss of $30 million compared with a loss of $80 million a year earlier. Strong power trading contributions and the benefits of a one-off event related to insurance helped narrow the loss.
Renewable generation rose 11% to 0.91 terawatt-hours, reflecting the ramp-up of Dogger Bank and contributions from new onshore assets. Lower gas-to-power generation partly offset the renewable gains.
Equinor Generates Strong Cash FlowCash flow from operations after taxes paid totaled $7.68 billion, up from $1.94 billion a year earlier. The company paid $7.08 billion in taxes, including three Norwegian Continental Shelf tax installments totaling $6.4 billion. Organic capital expenditures were $3.35 billion. Equinor generated net cash flow before capital distribution of $5.48 billion in the second quarter.
Equinor’s Balance SheetAs of June 30, 2026, the company reported $8.1 billion in cash and cash equivalents, along with an adjusted net debt-to-capital-employed ratio of 10.4%, down from 17.8% at the end of 2025.
EQNR Maintains 2026 Operating OutlookEquinor continues to expect oil and gas production to grow approximately 3% in 2026. First-half production increased 6%, providing stronger support for the full-year target despite planned third-quarter turnarounds and a temporary outage at Johan Castberg.
The company maintained its organic capital expenditure forecast of about $13 billion. Its board approved a quarterly dividend of 39 cents per share in the second quarter and initiated a third share-repurchase tranche of up to $1.125 billion. Equinor expects total 2026 share repurchases of up to $3 billion.
EQNR’s Zacks Rank & Key PicksEQNR currently carries a Zacks Rank #3 (Hold).
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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.
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Evropské unii se zřejmě nepodaří splnit cíl mít před zimou naplněné zásobníky plynu z 80 procent. Je to kvůli napjaté situaci na trhu, která přinesla silnou konkurenci asijských odběratelů, řekl v rozhovoru s agenturou Reuters šéf norské společnosti Equinor Anders Opedal. Equinor je největším dodavatelem zemního plynu v Evropě. Objemy zemního plynu v evropských zásobnících jsou teď výrazně nižší než činí pětiletý průměr a jsou na druhé nejnižší úrovni za posledních 15 let.
Opedal řekl, že Evropa bude podle něj tuto zimu více vystavena výkyvům tržních cen než v předchozích zimách. Zásobníky plynu v EU jsou aktuálně naplněny z 54 procent, zatímco loni touto dobou to podle údajů organizace Gas Infrastructure Europe (GIE) bylo 65 procent.
Válka s Íránem, kterou zahájily Spojené státy spolu s Izraelem, fakticky zastavila lodní dopravu v Hormuzském průlivu, včetně zhruba pětiny globálních dodávek zkapalněného zemní plynu (LNG), který se obvykle dodává asijským odběratelům. Evropa mezitím nemůže využívat ruský plyn dopravovaný plynovody, protože tyto dodávky kvůli válce na Ukrajině utlumuje.
LNG podle Equinoru tvoří asi 30 procent dováženého plynu do Evropy. V současné době jsou ale problémy kvůli výpadkům dodávek. Opedal dodal, že plyn, který měl na začátku roku směřovat z Kataru do Evropy, nyní směřuje do Asie. Katar patří mezi tři největší dodavatele LNG do Evropy.
Cíle pro naplnění zásobníků plynu byly v EU zavedeny v roce 2022, krátce po ruské vojenské invazi na Ukrajinu. Mají zajistit, aby země EU měly rezervu paliva pro zimní měsíce, kdy vrcholí poptávka po plynu k vytápění.
Podíl Ruska na dovozu plynu do EU klesl podle dat unijního statistického úřadu Eurostat ze 45 procent před zahájením invaze na Ukrajinu na 12 procent v roce 2025 s tím, jak sedmadvacítka zavedla sankce a prosazovala diverzifikaci zdrojů. Velkou část výpadku nahradil LNG ze Spojených států a zvýšené dodávky plynu potrubím z Norska.
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.
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“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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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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 (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.
Key information relating to the cash dividend to be paid by Equinor ASA (OSE: EQNR, NYSE: EQNR) for second quarter 2026.
Cash dividend amount: 0.39
Announced currency: USD
Last day including rights: 12 November 2026
Ex-date Oslo Børs: 13 November 2026
Ex-date New York Stock Exchange: 16 November 2026
Record date: 16 November 2026
Payment date: 25 November 2026
Date of approval: 21 July 2026.
Other information: The cash dividend per share in NOK will be communicated 20 November 2026.
This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act.
An Equinor sign is seen at the company's headquarters in Fornebu, Norway, May 21, 2018. REUTERS/Nerijus Adomaitis/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesAdjusted pretax profit $11.48 billion vs forecast $11.37 billionYear-ago profit was $6.54 billionOil and gas prices soar on Iran warEquinor's shares up 54% year-to-date ahead of the earningsOSLO, July 22 (Reuters) - Equinor (EQNR.OL), opens new tab on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil and gas prices as the war in the Middle East disrupted global energy supplies.
The Norwegian group's adjusted earnings before tax for the April to June period rose to $11.48 billion from $6.54 billion a year earlier, broadly in line with the $11.37 billion predicted in a poll of 17 analysts compiled by Equinor.
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"Strong production in the second quarter enabled us to capture value from higher prices, contributing to strong cash flow and financial results," CEO Anders Opedal said in a statement.
The shares of majority state-owned Equinor are up 54% year-to-date, outperforming a 30% increase in European energy stocks (.SXEP), opens new tab, reflecting its position as a major supplier of oil and gas to Europe and with no direct exposure to the Middle East.
The company last month said it will double its share buybacks, returning more cash to owners as the wartime rise in oil and gas prices filled its coffers, while at the same time scaling back investments in renewable energy due to weak demand.
Equinor maintained its full-year oil and gas output growth target of a 3% volume increase in 2026 as well as its planned investment level for the year of $13 billion.
The downstream division, which includes energy trading, reported a profit of $777 million for the quarter, exceeding the $623 million expected by analysts and beating the unit's $400 million quarterly profit guidance.
The average price for Equinor's oil stood at $97.9 per barrel in the second quarter, up from $63 in the same period of 2025.
The price for the group's European gas meanwhile increased by 32% over the same period to $15.79 per million British thermal units (mmbtu), while its U.S. gas price declined 16% to $2.30 per mmbtu.
Reporting by Nora Buli, editing by Terje Solsvik
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Second-quarter adjusted operating income jumped over 75% as the Norwegian energy major captured higher oil and gas prices triggered by the conflict in the Middle East.
The upcoming report from Equinor (EQNR - Free Report) is expected to reveal quarterly earnings of $1.38 per share, indicating an increase of 115.6% compared to the year-ago period. Analysts forecast revenues of $35.09 billion, representing an increase of 39.6% year over year.
The consensus EPS estimate for the quarter has been revised 6.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Equinor metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Revenues- E&P Norway' should come in at $11.99 billion. The estimate indicates a change of +45.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- E&P USA' will likely reach $1.18 billion. The estimate indicates a change of +13.1% from the prior-year quarter.
Analysts predict that the 'Revenues- Marketing, Midstream & Processing (MMP)' will reach $34.41 billion. The estimate suggests a change of +38.8% year over year.
Analysts' assessment points toward 'Revenues- E&P International' reaching $1.60 billion. The estimate suggests a change of +18.6% year over year.
It is projected by analysts that the 'E&P Norway entitlement liquids production per day' will reach 692.22 thousands of barrels of oil equivalent. The estimate is in contrast to the year-ago figure of 655.00 thousands of barrels of oil equivalent.
The average prediction of analysts places 'E&P International entitlement liquids production per day' at 183.13 thousands of barrels of oil equivalent. Compared to the current estimate, the company reported 224.00 thousands of barrels of oil equivalent in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'E&P USA entitlement liquids production' of 116.10 thousands of barrels of oil equivalent per day. The estimate compares to the year-ago value of 132.00 thousands of barrels of oil equivalent per day.
Analysts expect 'E&P Norway entitlement gas production per day' to come in at 712.42 thousands of barrels of oil equivalent. Compared to the present estimate, the company reported 704.00 thousands of barrels of oil equivalent in the same quarter last year.
Analysts forecast 'Total entitlement liquids and gas production per day' to reach 2,031.36 thousands of barrels of oil equivalent. Compared to the current estimate, the company reported 1,979.00 thousands of barrels of oil equivalent in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Group entitlement liquids production per day' should arrive at 1,022.75 thousands of barrels of oil equivalent. Compared to the current estimate, the company reported 1,011.00 thousands of barrels of oil equivalent in the same quarter of the previous year.
The consensus among analysts is that 'Adjusted operating earnings- E&P Norway' will reach $9.49 billion. The estimate compares to the year-ago value of $5.71 billion.
The consensus estimate for 'Adjusted operating earnings- E&P International' stands at $1.11 billion. Compared to the present estimate, the company reported $429.00 million in the same quarter last year.
View all Key Company Metrics for Equinor here>>>
Over the past month, Equinor shares have recorded returns of +13.6% versus the Zacks S&P 500 composite's -0.6% change. Based on its Zacks Rank #3 (Hold), EQNR will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Shares of Equinor ASA (NYSE:EQNR – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $35.63, but opened at $36.88. Equinor ASA shares last traded at $37.1040, with a volume of 927,713 shares.
Analysts Set New Price Targets A number of brokerages have commented on EQNR. Rothschild & Co Redburn raised Equinor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. DZ Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 price target for the company in a research note on Tuesday, March 24th. Finally, TD Cowen reduced their price objective on shares of Equinor ASA from $42.00 to $37.00 and set a “hold” rating for the company in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.70.
View Our Latest Stock Report on Equinor ASA
Equinor ASA Price Performance The company has a fifty day moving average of $35.62 and a 200-day moving average of $33.42. The firm has a market cap of $110.09 billion, a P/E ratio of 17.15, a P/E/G ratio of 2.42 and a beta of 0.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.24 and a quick ratio of 1.12.
Equinor ASA (NYSE:EQNR – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.47. The business had revenue of $28.40 billion during the quarter, compared to analyst estimates of $28.73 billion. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%. On average, sell-side analysts anticipate that Equinor ASA will post 4.73 EPS for the current fiscal year.
Equinor ASA Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Friday, August 14th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, August 14th. This represents a $1.56 annualized dividend and a yield of 4.2%. Equinor ASA’s payout ratio is 58.72%.
Institutional Investors Weigh In On Equinor ASA Several institutional investors and hedge funds have recently added to or reduced their stakes in EQNR. JPMorgan Chase & Co. lifted its stake in Equinor ASA by 1,437.7% in the third quarter. JPMorgan Chase & Co. now owns 2,286,328 shares of the company’s stock valued at $55,741,000 after purchasing an additional 2,137,642 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Equinor ASA in the fourth quarter worth $4,734,000. QRG Capital Management Inc. increased its position in Equinor ASA by 38.5% in the fourth quarter. QRG Capital Management Inc. now owns 125,044 shares of the company’s stock worth $2,955,000 after buying an additional 34,757 shares during the last quarter. John G Ullman & Associates Inc. increased its position in Equinor ASA by 58.7% in the fourth quarter. John G Ullman & Associates Inc. now owns 128,809 shares of the company’s stock worth $3,044,000 after buying an additional 47,650 shares during the last quarter. Finally, Logan Capital Management Inc. raised its stake in shares of Equinor ASA by 9.8% in the fourth quarter. Logan Capital Management Inc. now owns 251,463 shares of the company’s stock valued at $5,942,000 after buying an additional 22,542 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.
Equinor ASA Company Profile (Get Free Report)
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.
See Also Five stocks we like better than Equinor ASA Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.
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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.
Key Takeaways BP agrees to sell its 37.212% non-operated interest in Bay du Nord to Equinor.BP prioritizes higher-return investments to improve capital efficiency and cash generation.BP will retain two offshore exploration licenses in Newfoundland & Labrador after the Bay du Nord stake sale. BP plc (BP - Free Report) has agreed to sell its 37.212% non-operated interest in the Bay du Nord offshore project in Canada to Equinor ASA (EQNR - Free Report) , reinforcing the strategy of disciplined capital allocation and portfolio simplification. Located in the Flemish Pass Basin, approximately 500 kilometers offshore Newfoundland and Labrador, Bay du Nord is one of Canada's most significant offshore oil developments. The divestment underscores BP's commitment to prioritizing investments that offer stronger returns and better strategic alignment.
The sale reflects BP's broader effort to streamline its upstream portfolio and focus capital on higher-value opportunities. Management emphasized that capital will be directed toward projects capable of generating superior long-term shareholder value for BP. This disciplined investment approach supports BP's ongoing strategy of improving capital efficiency, strengthening cash generation and maintaining financial flexibility.
At the same time, Equinor is well-positioned to advance the Bay du Nord development as operator, ensuring continuity of the project. Following the transaction, BP will continue to hold a 100% interest in two exploration licenses (EL 1166 and EL 1170) offshore Newfoundland and Labrador. This preserves BP’s regional footprint while reducing exposure to a capital-intensive development. BP is collaborating closely with EQNR and relevant stakeholders to ensure a seamless stake transition, subject to customary regulatory approvals.
The transaction advances BP's strategy of building a simpler, higher-return portfolio. By exiting a non-operated asset, the company can redeploy capital into opportunities offering greater operational control and stronger returns. This move reinforces capital discipline and portfolio optimization, enhancing BP's investor appeal through greater financial flexibility and a stronger business model.
BP and Equinor currently carry a Zacks Rank #3 (Hold) each.
With Brent crude prices trading above the $70-per-barrel mark and West Texas Intermediate (“WTI”) crude prices trading above the $65-per-barrel mark, according to oilprice.com, players with a presence in upstream operations in the energy sector are operating in a favorable business environment. This pricing environment benefits Vista Energy, S.A.B. de C.V. (VIST - Free Report) , Cenovus Energy Inc. (CVE - Free Report) , BP and EQNR, as all of them invest in exploration and production operations. VIST currently carries a Zacks Rank #3, while CVE sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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 daily production 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.
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.
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.
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.
On 12 May 2026, the annual general meeting of Equinor ASA (OSE: EQNR, NYSE: EQNR) resolved to reduce the company's share capital by NOK 415,146,180.00 from NOK 6,392,018,780.00 to NOK 5,976,872,600.00 through cancellation and redemption of a total of 166,058,472 shares.
The creditor notice period for the capital reduction has expired, and the capital reduction was registered as effective with the Norwegian Register of Business Enterprises today, 2 July 2026.
Following completion of the capital reduction, the share capital of the company is NOK 5,976,872,600.00 divided into 2,390,749,040 shares of nominal value NOK 2.50 each.
This information is subject to the disclosure requirements pursuant to Euronext Oslo Børs Rulebook II section 4.2.5.5 and Section 5-12 of the Norwegian Securities Trading Act.
Key Takeaways RIG secured a seven-rig-year drilling agreement in Norway, adding more than $1B to backlog.Transocean will deploy three Cat D semisubmersible rigs under programs starting in 2027 and 2028.RIG's long-term contract supports fleet utilization, revenue visibility and offshore market position. Transocean Ltd. (RIG - Free Report) has entered into a major offshore drilling agreement with Equinor (EQNR - Free Report) that reinforces its leadership in the harsh environment drilling market. Subject to the necessary license approvals, the agreement covers the deployment of three specialized semisubmersible rigs on the Norwegian Continental Shelf. The contract adds more than $1 billion to the Switzerland-based oil and gas drilling company's backlog over seven rig years, highlighting continued investment in offshore energy projects and the strong demand for premium drilling assets.
Long-Term Contract Strengthens Revenue VisibilityThe new agreement provides Transocean with a substantial long-term revenue stream through multi-year drilling programs scheduled to begin in 2027 and 2028. The contract includes a base day rate of $399,000, with adjustment provisions expected to increase the effective rate above $400,000 per day before operations commence.
Long-duration contracts are particularly valuable in the offshore drilling industry because they improve fleet planning, increase asset utilization and provide financial stability during changing market conditions. By securing years of committed work, Transocean enhances its operational outlook while maintaining a strong presence in one of the world's most active offshore regions.
3 Rigs Ready for Norway's Demanding Offshore EnvironmentThe agreement covers three Cat D semisubmersible rigs that were specifically designed to operate in the harsh weather conditions of the Norwegian Continental Shelf. These rigs combine advanced engineering with high safety standards, enabling reliable drilling operations throughout the year. The Transocean Enabler will commence a three-year assignment in the first quarter of 2028, immediately following the completion of its current drilling campaign. The Transocean Encourage is scheduled to start a two-year program in the same period, allowing uninterrupted operations through a direct contract continuation. The Transocean Endurance will return from Australia before beginning its two-year assignment in Norway during the second quarter of 2027, expanding its active fleet in the region.
Why Cat D Rigs Are Essential for Offshore Drilling in NorwayOperating in the North Sea requires equipment capable of handling extreme weather, rough seas and challenging drilling conditions. Cat D rigs were developed specifically to meet these demands through reinforced structural design, enhanced station-keeping capability, and systems engineered for cold-weather performance.
These specialized rigs improve drilling efficiency while supporting strict safety and environmental requirements. Their ability to remain productive during severe seasonal conditions makes them among the most sought-after assets for operators working on the Norwegian Continental Shelf.
Equinor Continues to Prioritize Offshore DevelopmentThe agreement reflects Equinor's ongoing commitment to maintaining and developing offshore energy resources in Norway. Securing experienced drilling partners and purpose-built rigs allows the company to execute future well programs with greater operational consistency.
Working with specialized drilling contractors also helps optimize project planning, reduce mobilization challenges and maintain reliable execution across multiple offshore developments. These long-term partnerships contribute to efficient field development while supporting Norway's position as a leading offshore energy producer.
Strong Industry Relationship Supports Operational ExcellenceTransocean and Norway-based integrated oil and gas company, Equinor, have built a long-standing working relationship through years of successful offshore projects. Their continued collaboration demonstrates confidence in operational performance, technical expertise and safe drilling practices.
Commenting on the agreement, Keelan Adamson, chief executive officer of Transocean, emphasized that the contract reflects both the resilience of Norway's harsh environment drilling market and the strength of the partnership between the two companies. Adamson noted that both organizations remain focused on improving drilling efficiency, increasing well cost-effectiveness and maintaining safe, reliable operations.
Positive Outlook for the Offshore Drilling IndustryThe latest agreement signals continued confidence in offshore exploration and production despite changing global energy dynamics. Investment in premium drilling equipment remains strong as operators focus on developing high-value offshore reserves with modern, efficient technology.
Norway continues to attract drilling activity due to its stable regulatory environment, advanced offshore infrastructure and long-term energy development strategy. Demand for modern harsh environment rigs is expected to remain healthy as operators prioritize safety, efficiency and high-performance assets capable of supporting complex drilling campaigns.
What This Means for Transocean's FutureThis contract further strengthens Transocean's competitive position in the global offshore drilling market. With several years of secured work for three high-specification rigs, the company gains improved fleet utilization and stronger earnings visibility.
Beyond the immediate financial value, the agreement reinforces Transocean's reputation as a preferred drilling contractor for technically demanding offshore projects. Continued investment in specialized assets, combined with long-standing customer relationships, positions the company to benefit from future opportunities as offshore development activity expands.
ConclusionThe agreement between Transocean and Equinor represents more than another contract award — it highlights the continued importance of advanced offshore drilling capabilities in one of the world's most demanding energy regions. By securing long-term work for three purpose-built semisubmersible rigs, Transocean strengthens its financial outlook while supporting Equinor's future drilling programs with reliable, high-performance assets. As offshore investment remains active on the Norwegian Continental Shelf, this partnership is well-positioned to contribute to efficient, safe and sustainable energy development for years to come.
RIG's Zacks Rank & Key PicksCurrently, RIG and EQNR carry a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Liberty Energy (LBRT - Free Report) and Valero Energy (VLO - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Liberty Energy is valued at $4.29 billion. It is a leading U.S. oilfield services company that provides hydraulic fracturing and advanced well completion solutions for oil and natural gas producers. Liberty Energy stock has gained approximately 128% over the past year.
Valero Energy is valued at $79.08 billion. It is one of the world's largest independent petroleum refiners and a major producer of renewable fuels, serving markets across North America, Europe and Latin America. Valero Energy stock has risen approximately 91% over the past year.
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.
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.
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
Our Standards: The Thomson Reuters Trust Principles., opens new tab
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
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Please see below information about transactions made under the buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR) for shares to be used in the share-based incentive programmes for employees and management.
Date on which the buy-back programme was announced: 4 February 2026.
The duration of the buy-back programme: 13 February 2026 to 15 January 2027.
Size of the buy-back programme: The total purchase amount under the programme is NOK 1,971,000,000 and the maximum shares to be acquired is 19,600,000 shares, of which up to 7,920,000 shares can be acquired in the period from 13 February 2026 to 15 May 2026, and up to 11,680,000 shares can be acquired in the period from 15 May 2026 to 15 January 2027.
On 15 June 2026, Equinor ASA has purchased a total of 486,072 own shares at the Oslo Stock Exchange at an average price of NOK 327.1115 per share.
Aggregated overview of transactions per day:
DateAggregated volume (number of shares)Weighted average share price (NOK)Total transaction value (NOK)15 June 2026486,072327.1115158,999,741Previously disclosed buy-backs under the programme (accumulated)2,046,262325.9598666,999,107Total buy-backs under the programme2,532,334326.1808825,998,848 Following the completion of the above transactions, Equinor ASA owns a total of 66,774,249 own shares, corresponding to 2.61% of Equinor ASA’s share capital, including shares purchased under the previous buy-back programme for the share-based incentive programmes for employees, and shares purchased under Equinor’s disclosed buy-back programmes which will be used to reduce the issued share capital of the company.
This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Appendix: A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.
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
Our Standards: The Thomson Reuters Trust Principles., opens new tab
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.
Key Takeaways Equinor approved a $410M subsea project at Troll to increase gas production and exports.The TWIN project targets about 11 bcm of added gas and startup by 2028.EQNR aims to halve subsea development costs and deliver 6-8 new such projects annually by 2035. Equinor ASA (EQNR - Free Report) , a Norwegian integrated energy firm, announced that it has authorized, with its partners, an investment of more than $410 million (approximately 4 billion NOK) for a new subsea project at the Troll field in the Norwegian North Sea. EQNR is a major natural gas supplier to Europe, and the Troll field is one of its largest natural gas-producing fields. The subsea development project is expected to increase gas production from the field, supporting higher gas exports and strengthening Europe's energy security.
Expansion to Boost Troll Field ProductionThe TWIN project, also known as the Troll West Increased gas recovery North, is expected to increase gas production from the field by about 11 billion standard cubic meters. A company spokesperson added that the expansion will boost gas production in Norway by nearly 2-2.5 million cubic meters per day during the first eight years of operation.
EQNR Relies on Existing Infrastructure to Lower Development CostsThe project involves drilling two new wells tied back to the existing Troll field infrastructure through a subsea template, a large structure that supports and organizes multiple wells and the associated equipment on the seabed, and a pipeline that will help transport hydrocarbons from the wells to the subsea facilities. Additionally, the field’s umbilicals and monoethylene glycol system will be extended to support the new subsea development and ensure reliable gas production from the wells. The TWIN project represents the third stage of the Troll Phase 3.
Equinor has highlighted that by leveraging existing infrastructure and standardized project solutions, rather than constructing new offshore platforms, it expects to reduce capital spending and the costs associated with bringing the new subsea development online. This approach also allows the company to reduce development timelines and start producing sooner. The company targets bringing the subsea development online by 2028.
The latest subsea project follows an earlier stage of the Troll Phase 3, which is expected to start production in 2026. The earlier project was aimed at maintaining strong gas production levels from the Troll A Platform and the Kollsnes Gas Processing Plant through the end of this decade.
Equinor Targets More Subsea Developments as Fields MatureEquinor has noted that many of its fields on the Norwegian Continental Shelf (“NCS”) have been producing for a long time and are in the mature stages. The newer discoveries on the shelf are smaller and are associated with increasing development costs. For smaller fields, cost control becomes increasingly important, as they might otherwise be economically challenging to develop. A company spokesperson has, however, stated that the company’s target is to reduce development costs and the associated development time of these subsea projects by half. In addition, EQNR plans to develop six to eight subsea projects per year by 2035. This approach demonstrates Equinor’s commitment to offsetting natural production declines from aging fields and maintaining production levels on the NCS.
Equinor is the operator of the Troll field with a 30.55% stake. The other partners in the field include Petoro AS with a 55.93% stake, Shell with a 8.19% interest, TotalEnergies holding 3.69% and ConocoPhillips holding 1.64%.
EQNR’s Zacks Rank and Key PicksEQNR currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the energy sector are W&T Offshore (WTI - Free Report) , Valero Energy (VLO - Free Report) and FuelCell Energy (FCEL - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
W&T Offshore benefits from its prolific Gulf of America assets, which offer low decline rates, strong permeability and significant untapped reserves. The company’s recent acquisition of six shallow-water fields in the Gulf of America boosts its future production prospects and is expected to enhance its revenues.
Valero Energy is a leading refining player with a robust network of 14 refineries across the United States, Canada and Peru. The company has a combined high-complexity throughput capacity of 3 million barrels per day, which distinguishes it from other independent refiners. Valero’s refineries have a combined Nelson Complexity Index of 11.5, which implies that they can process a wide variety of feedstock, convert it into higher-value products and shift product yields according to market conditions.
FuelCell Energy is a clean energy company that offers scalable, reliable, low-carbon power solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company’s proprietary molten carbonate fuel cell systems generate electricity through an electrochemical process instead of burning fuel, reducing carbon emissions and minimizing the environmental impact of power generation. FCEL is anticipated to play a crucial role in the energy transition by enabling industries and communities to shift from traditional fossil fuels to low-carbon alternatives.
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 15 June to 19 June 2026, Equinor ASA has purchased a total of 369,300 own shares at an average price of NOK 319.6242 per share.
Overview of transactions:
DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK) 15 JuneOSE CEUX TQEX 16 JuneOSE90,500322.774429,211,083.20 CEUX TQEX 17 JuneOSE90,500322.038029,144,439.00 CEUX TQEX 18 JuneOSE92,800315.279929,257,974.72 CEUX TQEX 19 JuneOSE95,500318.573030,423,721.50 CEUX TQEX Total for the periodOSE369,300319.6242118,037,218.42 CEUX TQEX Previously disclosed buy-backs under the trancheOSE1,469,068353.7620519,700,463.85CEUX TQEX Total1,469,068353.7620519,700,463.85 Total buy-backs under the tranche (accumulated)OSE1,838,368346.9043637,737,682.27CEUX TQEX Total1,838,368346.9043637,737,682.27 Following completion of the above transactions, Equinor ASA owns a total of 67,143,549 own shares, corresponding to 2.63% 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 56,637,664 own shares, corresponding to 2.22% 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.
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 8 June to 12 June 2026, Equinor ASA has purchased a total of 414,792 own shares at an average price of NOK 353.2484 per share.
Overview of transactions:
DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK) 8 JuneOSE787,697360.433428,365,027.28 CEUX TQEX 9 JuneOSE83,000352.350829,245,116.40 CEUX TQEX 10 JuneOSE84,500349.588029,540,186.00 CEUX TQEX 11 JuneOSE80,095364.056629,159,113.38 CEUX TQEX 12 JuneOSE88,500341.414430,215,174.40 CEUX TQEX Total for the periodOSE417,792353.2484146,524,617.46 CEUX TQEX Previously disclosed buy-backs under the trancheOSE1,054,276353.9641373,175,846.39CEUX TQEX Total1,054,276353.9641373,175,846.39 Total buy-backs under the tranche (accumulated)OSE1,469,068353.7620519,700,463.85CEUX TQEX Total1,469,068353.7620519,700,463.85 Following completion of the above transactions, Equinor ASA owns a total of 66,544,031 own shares, corresponding to 2.60% 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 56,268,364 own shares, corresponding to 2.20% 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 ASA (OSE:EQNR, NYSE:EQNR) today presents its strategy to deliver more energy, growing cash flow and superior returns. The 2026 share buy-back will be doubled to USD 3 billion, and Equinor introduces a more predictable framework for annual share buy-backs from 2027. The company aims to continue growing the quarterly cash dividend by more than 5% per share annually.
Anders Opedal, president and CEO of Equinor ASA:
“Demand continues to grow and Equinor is uniquely positioned to provide reliable energy. We will deliver more energy, growing cash flow and superior returns towards 2030.”
“Our strategy is to maximise value on the Norwegian continental shelf, deliver focused growth in international oil and gas, build a competitive integrated power business and create more value uplift through trading and market optimisation.”
“Equinor has delivered industry-leading returns over 25 years as a listed company, with a total shareholder return of almost 1,800%. We have confidence in our plans and are committed to continue creating strong value for shareholders. Equinor aims to double share buy-back for 2026 to USD 3 billion and introduces a more predictable framework for share buy-backs from 2027. We aim to continue growing the cash dividend per share by more than 5% annually.”
Key ambitions and strategic priorities:
More energy
Production growth of 150,000 barrels of oil equivalent (boe) per day to 2.3 million boe per day by 2030Production outlook for the Norwegian continental shelf (NCS) increased by 100,000 boe, to 1.35 million boe per day in 2030, and 1.3 million boe per day in 2035International oil and gas production growth of 30%, to 950,000 boe per day by 2030Power production growth to more than 20 TWh in 2030, mainly from projects in execution Growing cash flow
30% growth in cash flow from operations (CFFO) after tax from 2025-2030USD 1 billion in increased investments in 2027 to high return oil and gas projects. Expected organic investments (capex) at around USD 12 billion, or around USD 10 billion including Empire wind tax credits.Annual capex of USD 11–13 billion expected for 2028-2030, with around 60% to the NCS, 30% to international oil and gas, and 10% to powerFree cash flow, after capex and lease payments, of more than USD 40 billion for the period 2026-2030 Superior returns
Return on average capital employed (ROACE) above 15% annually from 2026-2030Intend to double share buy-back for 2026 to USD 3 billionAnnual share buy-back of USD 2-4 billion from 2027, based on oil prices of USD 60-80 per bbl and European gas prices USD 7-11 per MMBtu, balance sheet strength, and macro-outlookAbove 5% annual growth in quarterly cash dividend per share A strategy for growing energy markets
Oil and gas demand is expected to be higher for longer. Together with stronger political focus on energy security and affordability, this increases the need for reliable supply. Electrification and the AI build-out are driving power demand, while increasing intermittency creates a greater need for flexible power generation.
Equinor’s access to high-quality infrastructure, broad energy offering and strong market positions provide attractive opportunities for growth and value creation.
Develop NCS to maximise value
The NCS is the backbone of Equinor’s business and a key driver of long-term cash flow and value creation. Equinor is the largest energy provider to Europe, delivering oil, piped gas and LNG with low cost and low emissions.
Around 60% of capex will be allocated to further develop the NCS. Equinor expects production at 1.35 million boe per day in 2030 and 1.3 million boe per day in 2035. This represents an increase in production outlook of 100,000 boe per day.
To accelerate resource maturation, cut costs and industrialise subsea field developments, Equinor is redefining its operating model. The company has a large portfolio of attractive investment opportunities including sub-sea field developments and increased recovery (IOR), with break-even prices below USD 35 per barrel and payback time of less than 2,5 years. Equinor plans to develop 6 to 8 new tie-back projects annually, towards 2035.
Increased recovery and high exploration activity will continue to add new recoverable resources to extend longevity.
Focused growth in international oil and gas
Equinor has systematically improved the competitiveness of the international oil and gas portfolio and holds positions in several world-class basins, as the US, Brazil, Angola, the UK and Canada.
Equinor expects to allocate around 30% of capex to international exploration and production. Production is anticipated to increase by around 30% to approximately 950,000 boe/d, growing cash flow from operations (CFFO) by around 80% to approximately USD 9 billion in 2030. The portfolio is expected to deliver around USD 20 billion in free cash flow after capex and lease payments from 2026 to 2030.
Longevity for the international oil and gas portfolio will be extended beyond 2030 by progressing non-sanctioned projects and focused exploration.
Building a competitive power business
Equinor is concentrating its power growth in selected markets and segments, where integration with a broader energy offering is achievable.
Equinor expects to allocate around 10% of capex to developing an integrated power business. A fourfold increase in production is anticipated, reaching more than 20 TWh by 2030, mainly from projects in execution.
Cash flow from operations is expected to fund organic investments, after tax credits, from 2027-2030. Projects are expected to deliver nominal equity returns above 10%, with additional potential for portfolio uplift.
Value uplift from marketing and trading
Equinor has a strong position as a global asset-backed energy trader with direct market access.
Equinor will expand its marketing and trading capabilities in selected markets. The company aims to capture additional value from its flexible portfolio, long-term position-taking and cross-commodity trading, and advancing digital tools and AI.
Adjusted operating income from trading and market optimisation is expected to increase by 25% to around USD 500 million per quarter by 2030.
Growing production while reducing emissions
Equinor is an industry leading operator with low CO2 and methane intensity from operations.
While oil and gas production will increase, Equinor maintains the ambition to reduce operated emissions by 50% towards 2030. Electrification on the NCS and improved energy efficiency across the portfolio are key enablers.
Equinor expects to reduce its net carbon intensity in the range of 15-30% by 2035 (1).
Competitive and predictable capital distribution
Equinor announces an intention to increase the 2026 share buy-back programme by USD 1.5 billion, bringing the total expected programme for 2026 to up to USD 3 billion, including shares to be redeemed from the Norwegian State. The increase will be distributed equally to the third and fourth tranche of the 2026 share buy-back programme.
Equinor expects to launch the third and fourth tranches following the announcement of the company’s second and third quarter 2026 results, respectively. The increased share buy-back for 2026 is subject to separate board approvals prior to commencement of the third and fourth tranches.
For 2027 and beyond, Equinor announces a range-based guidance for share buy-backs of USD 2–4 billion per year, based on an oil price range of USD 60–80/bbl, a European gas price range of USD 7–11/mmbtu, balance sheet strength, and macro-outlook.
The level and commencement of future share buy-back tranches will be decided by the board on a quarterly basis, in line with the company’s dividend policy, and will be subject to existing and future board authorisations for share buy-back granted by the company’s General meeting, as well as agreements with the Norwegian State regarding share buy-backs.
All share buy-back amounts include shares to be redeemed from the Norwegian State.
Equinor aims to continue growing the quarterly cash dividend per share by more than 5% annually.
***
(1) This includes scope 1, 2, and 3.
***
The information on capital distribution is considered to be inside information for Equinor ASA pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
This stock market announcement and press release contains Forward Looking Statements. Please see the Forward-Looking Statement disclaimer published on Equinors web site:
https://www.equinor.com/investors/cmd-2026-forward-looking-statements
All forward looking financials are based on reference case unless otherwise specified. See appendix in CMD presentation material for key assumptions and definitions.
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
SummaryCompaniesDrops goal of 10 to12 gigawatts renewable energy capacityPlans to allocate 10% of capex to power businessPower production set to rise fourfold from ongoing developmentsOSLO, June 16 (Reuters) - Norwegian oil and gas group Equinor (EQNR.OL), opens new tab has further scaled back its renewable energy ambitions, dropping a 2030 installed capacity target and cutting plans for investment, it said in a strategy update on Tuesday.
The change reflects a wider industry trend, with peers, including BP (BP.L), opens new tab and Shell (SHEL.L), opens new tab, in recent years scrapping ambitions to transition from oil and gas towards renewable energy production.
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Equinor, which on Tuesday raised its oil and gas output forecast, dropped the 2030 renewable energy capacity goal and replaced it with an outlook for power generation, which also includes non-renewable electricity production technologies.
"We are not replacing one business with another. Instead, we are developing multiple pathways in parallel: oil and gas, power and renewables, and new low-carbon solutions," Equinor CEO Anders Opedal said in a statement.
It had been clear for several years that Equinor would not reach its target for 10 to12 gigawatts of installed renewable energy capacity by 2030, Opedal told analysts when presenting a strategy update in New York on Tuesday.
"We never chased it either," he said, adding the ambition had always been to develop a profitable business, but as costs in the renewable energy sector increased, the project pipeline became thinner.
Last year, Equinor trimmed a previous ambition for 12 to16 GW and to become "an offshore wind major" set in 2020, while also cutting plans to dedicate half its capital expenditure to renewables in the 2030s.
Equinor in 2025 established a division it refers to as its Power business area, which combines its renewable portfolio with gas-fired generation, energy storage assets and trading activities.
Equinor's new plans foresee just 10% of capex going to its power business. It still projects a fourfold increase in power production to more than 20 terawatt hours in 2030, mainly from electricity projects already under construction.
The company also dropped a target to store and transport 30 to 50 million metric tons of carbon dioxide per year by 2035.
"We have secured enough storage space so we can deliver on that target should the market be there. But we will not run ahead of the market," Irene Rummelhoff, head of Equinor's Midstream, Marketing and Processing business, said.
Reporting by Nora Buli, additional reporting by Nerijus Adomaitis; editing by Terje Solsvik and Barbara Lewis
Our Standards: The Thomson Reuters Trust Principles., opens new tab
NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, June 16, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Equinor (EQNR - Free Report) Headquartered in Stavanger, Norway, Equinor ASA is one of the premier integrated energy companies in the world, with operations spreading across 30 countries. In Europe, the company is the second-largest supplier of natural gas. Equinor is also a leading seller of crude oil. Over the years, the company has developed its expertise to expand upstream operations outside of conventional offshore resources to the prolific shale oil and gas plays. Importantly, at 2025-end, the company had estimated proved reserves of 5,183 million barrels of oil equivalent (Boe), compared to 5,571 million Boe at 2024-end. The reserve replacement ratio was 48% in 2025.
EQNR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 6.56; value investors should take notice.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.17 to $5.22 per share. EQNR also boasts an average earnings surprise of +10.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, EQNR should be on investors' short list.
Key Takeaways Equinor and partners identified 20-30 MMBoe of recoverable resources near the Johan Sverdrup area.The project will use a subsea tieback to existing infrastructure, lowering costs and development risks.A targeted 2029 startup is expected to support production and cash flow generation from Johan Sverdrup. Equinor ASA (EQNR - Free Report) and its partners are advancing Johan Sverdrup Phase 4 following the successful appraisal drilling that confirmed additional oil resources in the Tonjer and Geitungen regions near the Johan Sverdrup area, Norway's largest producing oil field. Preliminary estimates indicate recoverable resources of 20-30 million barrels of oil equivalent (MMBoe), providing a new source of production growth and value creation for the asset.
The project is attractive as the new volumes will be developed through a subsea tieback to Johan Sverdrup's existing infrastructure. This approach significantly reduces development costs, shortens project timelines and lowers emissions. By leveraging existing infrastructure, Equinor can generate higher returns while minimizing capital requirements and execution risks.
The development is expected to sustain production levels and cash flow generation from Johan Sverdrup, which has been a cornerstone of Equinor's Norwegian operations. Targeting a 2029 start-up, the project will help offset natural declines at Johan Sverdrup and prolong the life of EQNR’s most profitable asset. The project also aligns with Equinor's broader strategy of accelerating high-return subsea developments and maximizing value from existing infrastructure.
Equinor serves as the operator of the Johan Sverdrup Unit with a 42.62% stake, joined by partners Aker BP (31.57%), Petoro (17.36%) and TotalEnergies (8.44%). The project strengthens the long-term outlook for the Johan Sverdrup area and reinforces EQNR's position as a key supplier of energy to Europe while enhancing investor appeal through efficient resource development.
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 Cenovus Energy Inc. (CVE - Free Report) .
As W&T Offshore, YPF and Cenovus 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), whereas YPF and CVE sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
By leveraging a diverse portfolio of offshore assets in the Gulf of America, W&T Offshore produces oil and natural gas. Holding approximately 605,000 acres, WTI maintains substantial 1P and 2P reserves that ensure a robust 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.
As an integrated energy giant headquartered in Canada, Cenovus maintains a diversified portfolio of upstream oil sands, offshore and conventional assets, complemented by downstream refining facilities across Canada and the United States. To enhance production and increase cash flows, CVE is advancing high-return projects such as the Christina Lake North expansion, the West White Rose offshore development, Foster Creek optimization and the Sunrise expansion.
Tildeling av aksjer til enkelte primærinnsidere og deres nærstående i Equinor (OSE: EQNR, NYSE: EQNR) i henhold til Equinors aksjespareprogram og langtidsinsentivprogram.
Enkelte primærinnsidere, samt deres nærstående, som deltar i Equinors aksjespareordning har den 20. mai 2026 fått tildelt aksjer.
Videre har enkelte primærinnsidere som deltar i Equinors langtidsinsentivprogram den 20. mai 2026 fått tildelt aksjer til en kurs på NOK 356,31 pr aksje i forbindelse med selskapets langtidsinsentivprogram. Langtidsinsentivprogrammet er et fast lønnselement som blir beregnet som en andel av deltakernes grunnlønn, og er på 20-25 prosent avhengig av den enkelte deltakerens stilling. Netto årlig beløp investeres i Equinor aksjer. Aksjene er bundet i tre år.
Detaljer om individuelle tildelinger av aksjer til primærinnsidere og deres nærstående er inntatt i vedlegget til denne meldingen.
Denne opplysningen er informasjonspliktig etter EU Market Abuse Regulation, jf. verdipapirhandelloven § 3-1, samt verdipapirhandelloven §5-12.
20 May 2026 Allocation of shares - LTI 20 May 2026 Allocation of shares
Allocation of shares to certain primary insiders and their close associates in Equinor (OSE: EQNR, NYSE: EQNR) under Equinor’s share saving plan and long-term incentive programme.
Certain primary insiders, and their close associates, participating in Equinor’s share saving plan, have on 20 May 2026 been allocated shares.
Further, certain primary insiders participating in Equinor’s long term incentive programme, have on 20 May 2026 been allocated shares at a share price of NOK 356,31 per share in connection with the company’s long-term incentive programme. The long-term incentive programme is a fixed, monetary compensation calculated as a portion of the participant’s base salary, ranging from 20-25 per cent depending on the individual’s position. The net annual amount is invested in Equinor shares. The shares are subject to a three-year lock-in period.
Details on individual allocation of shares to the primary insiders and their close associates are set forth in the attached overview.
This information is subject to disclosure obligations pursuant to the EU Market Regulation, cf. section 3-1 in the Norwegian Securities Trading Act, and section 5-12 of the Norwegian Securities Trading Act.
20 May 2026 Allocation of shares - LTI 20 May 2026 Allocation of shares
Equinor logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesOSLO, May 21 (Reuters) - Norwegian oil companies Equinor (EQNR.OL), opens new tab and Aker BP (AKRBP.OL), opens new tab said on Thursday they have agreed to swap stakes in several oil and gas fields off the coast of Norway, and that this could lead to increased production by speeding up new developments.
Initial deals involved stakes in a cluster of discoveries known as Ringvei Vest as well as the Yggdrasil field and the Wisting area, and could be followed by further transactions, the companies said.
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"These agreements will enable better development solutions, reduce complexity, and support value creation in line with our long-term strategy," Equinor Executive Vice President Kjetil Hove said in a statement.
"By aligning interests across these assets, we can enable better and faster project decisions," he added.
Norway is Europe's biggest oil and gas producer, pumping more than four million barrels of oil equivalent per day, and aims to extend the lifetime of its petroleum industry in the coming decades.
"The transactions support Equinor's strategy to optimise its oil and gas portfolio and enable high-value, timely developments on the Norwegian continental shelf towards 2035," the majority state-owned company said.
Reporting by Terje Solsvik; Editing by Tom Hogue and Kim Coghill
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Equinor ASA (OSE: EQNR, NYSE: EQNR) announced on 4 February 2026 a cash dividend per share of USD 0.39 for fourth quarter 2025.
The NOK cash dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 15 May 2026, in total seven business days.
Average Norges Bank fixing rate for this period was 9.2414. Total cash dividend for fourth quarter 2025 is consequently NOK 3.6041 per share.
On 27 May 2026, the cash dividend will be paid to relevant shareholders on Oslo Børs (Oslo Stock Exchange) and to holders of American Depositary Receipts ("ADRs") on New York Stock Exchange.
This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
The deal includes a series of transactions across several discoveries to better align ownership interests, speed development of resources and enhance production.
Item 1 of 2 Gas installation is pictured at the Cavern Underground Gas Storage (CUGS) Kosakowo facility, near Debogorze, Poland April, 30. 2022. Picture taken April 30, 2022. REUTERS/Kacper Pempel
[1/2]Gas installation is pictured at the Cavern Underground Gas Storage (CUGS) Kosakowo facility, near Debogorze, Poland April, 30. 2022. Picture taken April 30, 2022. REUTERS/Kacper Pempel Purchase Licensing Rights, opens new tab
SummaryCompaniesEuropean gas stocks are just above 35%Equinor's Kristiansen says stocks could reach acceptable level if Strait of Hormuz reopens soonDutch TTF gas prices peaked at 74 euros/MWh in March, highest since January 2023AMSTERDAM, May 21 (Reuters) - Europe could face a critical shortfall in gas stocks if disruption to shipping through the Strait of Hormuz lasts one to three months from now, as low inventories and distorted prices slow stockpiling, senior executives at Equinor (EQNR.OL), opens new tab said.
Gas caverns and tanks across Europe are currently just above 35% full, below a seasonal norm of around 50%, Gas Infrastructure Europe data showed.
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Member states need to build a gas buffer during the northern hemisphere summer to reach an EU-imposed 90% storage target between October and the beginning of December.
"If the war stopped tomorrow, with free flow to the Strait happening quickly, we could come to an acceptable, but tight storage level of 75%, but if the closure continues for one to three months, it could become critical," Equinor Senior Vice President for Gas & Power Trading Helle Ostergaard Kristiansen told Reuters.
Refilling gas storage for next winter already looked problematic at the beginning of March and little progress has been made since then due to current prices, with contracts for gas delivery in winter cheaper than summer.
HIGHER PRICES COULD CURB GAS CONSUMPTIONGovernments could intervene in the market with incentives and rules or the structure of prices must change with a rise in contracts for gas delivery in the winter compared with summer deliveries, analysts say.
"We saw that in 2022, when the governments imposed regulation on storage filling... it was very costly for them. So the market itself can probably balance the situation through price signals," Peder Bjorland, Equinor's vice president for gas trading, said on the sidelines of the Flame energy conference in Amsterdam.
He added that elevated prices could curb gas consumption significantly - through fuel switching to coal, an increased use of renewable energy and a fall in fuel demand by the industry - helping a rebalance.
"If we have prices up to what we saw in the beginning (of the Iran war), around 60-70 euros per megawatt hour, then we have estimated that gas to power alone could actually result in a reduced demand of around 10 billion cubic metres," Bjorland said.
European gas prices at the Dutch TTF gas hub were hovering around 50 euros/MWh on Thursday, having risen in March to 74 euros/MWh, their highest level since January 2023.
Reporting by Francesca Landini; Editing by Emelia Sithole-Matarise
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Francesca has covered since 2022 some of Europe's biggest energy groups, focusing on their efforts to decarbonize their business while ensuring growth and technological progress. She also reports about European Union's initiatives against climate change and energy regulation in Italy. She was named Reporter of the Year in 2022 by Reuters. Before energy, Francesca was part of Reuters aerospace and defense reporting team. She is graduated in Economics and loves painting in her free time.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +23.7% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Equinor (EQNR - Free Report) Headquartered in Stavanger, Norway, Equinor ASA is one of the premier integrated energy companies in the world, with operations spreading across 30 countries. In Europe, the company is the second-largest supplier of natural gas. Equinor is also a leading seller of crude oil. Over the years, the company has developed its expertise to expand upstream operations outside of conventional offshore resources to the prolific shale oil and gas plays. Importantly, at 2025-end, the company had estimated proved reserves of 5,183 million barrels of oil equivalent (Boe), compared to 5,571 million Boe at 2024-end. The reserve replacement ratio was 48% in 2025.
EQNR is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 7.61; value investors should take notice.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $1.72 to $5.10 per share. EQNR boasts an average earnings surprise of +10.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, EQNR should be on investors' short list.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Equinor (EQNR - Free Report) Headquartered in Stavanger, Norway, Equinor ASA is one of the premier integrated energy companies in the world, with operations spreading across 30 countries. In Europe, the company is the second-largest supplier of natural gas. Equinor is also a leading seller of crude oil. Over the years, the company has developed its expertise to expand upstream operations outside of conventional offshore resources to the prolific shale oil and gas plays. Importantly, at 2025-end, the company had estimated proved reserves of 5,183 million barrels of oil equivalent (Boe), compared to 5,571 million Boe at 2024-end. The reserve replacement ratio was 48% in 2025.
EQNR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Oils-Energy stock. EQNR has a Momentum Style Score of A, and shares are up 2% over the past four weeks.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.87 to $5.10 per share. EQNR also boasts an average earnings surprise of +10.9%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, EQNR should be on investors' short list.
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 19 May to 22 May 2026, Equinor ASA has purchased a total of 312,060 own shares at an average price of NOK 369.0578 per share.
Overview of transactions:
DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK) 19 MayOSE78,900373.068529,435,104.65 CEUX TQEX 20 MayOSE76,160375.412428,591,408.38 CEUX TQEX 21 MayOSE78,000367.265528,646,709.00 CEUX TQEX 22 MayOSE79,000360.695628,494,952.40 CEUX TQEX Total for the periodOSE312,060369.0578115,168,174.43 CEUX TQEX Previously disclosed buy-backs under the trancheOSE CEUX TQEX Total Total buy-backs under the tranche (accumulated)OSE312,060369.0578115,168,174.43CEUX TQEX Total312,060369.0578115,168,174.43 Following completion of the above transactions, Equinor ASA owns a total of 65,387,023 own shares, corresponding to 2.56% 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 55,111,356 own shares, corresponding to 2.16% 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.
The nomination committee of Equinor ASA (OSE:EQNR, NYSE:EQNR) recommends that the company's corporate assembly elects Jarle Roth as new chair of the board of directors of Equinor ASA.
Furthermore, the nomination committee recommends re-election of Anne Drinkwater as deputy chair, in addition to Finn Bjørn Ruyter, Haakon Bruun-Hanssen, Mikael Karlsson, Fernanda Lopes Larsen and Dawn Summers as members of the board of directors of Equinor ASA. Jon Erik Reinhardsen, who has been the chair of the board since 2017, would like to resign from the board of directors.
Jarle Roth has been a member of the board since1 December 2025.
Jarle Roth is an independent advisor. Roth has held CEO roles in multiple Norwegian companies, including at Eksportkreditt Norge AS, Arendals Fossekompani ASA, Umoe Group, Schat-Harding and Unitor ASA. His career spans across industrial investment management, change management, energy transition initiatives, financing of Norwegian export industries and global shipping services. He has extensive experience from major listed companies. His boardroom experience includes governance, risk management, strategy, M&A, and sustainability. Internationally, Roth has led and integrated businesses with activities within Europe, Americas and Asia.
Roth has previously served as chair of the nomination committee and corporate assembly of Equinor ASA.
Roth has a MSc of Finance and Business Administration (“siviløkonom”) from the Norwegian School of Economics (NHH).
The election to the board of directors of Equinor ASA will be held in the company's corporate assembly meeting Monday 8 June 2026. It is proposed that the election enters into effect from 1 July 2026 and until the ordinary election of members to the board of directors in June 2027.
Contacts:
Nils Morten Huseby, chair of the nomination committeeAll enquiries to be directed through Equinor Corporate Press Office, Sissel Rinde, +47 412 60 584. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Equinor logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesHELSINKI/OSLO, June 1 (Reuters) - Equinor (EQNR.OL), opens new tab said on Monday its nomination committee has proposed board member Jarle Roth as the Norwegian oil group's new chair after Jon Erik Reinhardsen decided to step down.
Reinhardsen, 70, has led the board for nearly a decade, overseeing a push into renewables and other low-carbon businesses, an expansion that has slowed in recent years amid rising costs, energy security concerns and U.S. headwinds.
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"Jon Erik Reinhardsen, who has been the chair of the board since 2017, would like to resign from the board of directors," Equinor said in a statement, without elaborating.
Roth, 66, an independent adviser, joined Equinor's board in December 2025, having previously served as CEO of Norwegian companies Eksportkreditt Norge, Arendals Fossekompani, Umoe Group, Schat-Harding and Unitor.
His experience spans industrial investment management, restructuring, energy transition, export financing and global shipping services, Equinor said.
"Roth's long experience from different CEO positions, boards and his knowledge of the company will benefit Equinor if he is elected on June 8," a spokesperson said in an email.
The vote comes ahead of an investor presentation in New York on June 16, when management is expected to update its strategy.
Over the past year, Equinor has scaled back its renewable ambitions, scrapping a 2030 investment target, cutting planned installed capacity and lowering its net carbon intensity goals, citing rising costs and immature markets.
Last year, Reinhardsen called for closer cooperation with Denmark's Orsted (ORSTED.CO), opens new tab, the world's largest offshore wind developer, in which Equinor took a 10% stake at the end of 2024 and subscribed to a new share issue last year.
The committee also proposed re-electing Anne Drinkwater as deputy chair, along with board members Finn Bjorn Ruyter, Haakon Bruun-Hanssen, Mikael Karlsson, Fernanda Lopes Larsen and Dawn Summers.
Reporting by Essi Lehto and Nerijus Adomaitis, editing by Anna Ringstrom and Alexander Smith
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Key Takeaways Baker Hughes signed multi-year contract extensions with Equinor for offshore projects on the NCS.Baker Hughes will deploy advanced drilling and reservoir-mapping technologies to support field development.Baker Hughes is expanding its intervention role to help improve well output, efficiency and longevity. Baker Hughes Company (BKR - Free Report) announced two multi-year contract extensions with Equinor ASA (EQNR - Free Report) to provide integrated drilling, well services and wireline intervention solutions for offshore projects in the North Sea. The contract will help EQNR develop both mature and new fields on the Norwegian Continental Shelf (NCS) to boost efficiency, increase resource recovery and meet production targets.
Under the integrated drilling and well services contract, BKR will deploy technologies across its Well Construction and Completions, Intervention and Measurement portfolio to support the development of the NCS. Advanced solutions such as the Kantori autonomous well construction system and TRU-ARMS advanced reservoir mapping services will be used to enhance field development.
Under the intervention contract, Baker Hughes will combine its surface and downhole solutions with partner technologies to maximize the lifespan and output of the North Sea offshore wells. This contract extension expands the PRIME Technology Platform's role in driving production efficiency and lowering emissions on the NCS.
The contract extensions reinforce BKR’s long-standing presence in Norway’s energy sector and strengthen its position in the North Sea market. They also highlight the growing demand for advanced technologies that improve operational efficiency, maximize hydrocarbon recovery and support long-term offshore production growth. Such contracts strengthen BKR’s business model, boost cash flow and increase investor appeal.
Baker Hughes currently has a Zacks Rank #5 (Strong Sell), while Equinor carries a Zacks Rank #3 (Hold).
The business models of BKR and other players providing oilfield services to upstream companies are closely tied to upstream players' capital spending. With West Texas Intermediate crude prices trading around the $90-per-barrel mark, according to oilprice.com, upstream players like Chevron Corporation (CVX - Free Report) , YPF Sociedad Anónima (YPF - Free Report) and EQNR are benefiting from the elevated crude prices. CVX and YPF sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Chevron is an integrated energy giant with a robust presence in the Permian Basin. Supported by strong upstream execution and its expanding resource base, CVX achieved first-quarter 2026 international net oil-equivalent production of 1.8 million barrels of oil equivalent per day, representing an increase from the year-ago quarter.
YPF is a major integrated energy company that leverages its extensive footprint in Argentina’s Vaca Muerta formation to fuel production growth. YPF expects spending and activity to increase in the coming quarters of 2026, which should bolster oil and gas production in the second half of 2026.
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 26 May to 29 May 2026, Equinor ASA has purchased a total of 333,700 own shares at an average price of NOK 344.0047 per share.
Overview of transactions:
DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK) 26 MayOSE82,000353.075028,952,150.00 CEUX TQEX 27 MayOSE81,900342.712828,068,178.32 CEUX TQEX 28 MayOSE83,400344.392328,722,317.82 CEUX TQEX 29 MayOSE86,400336.246929,051,732.16 CEUX TQEX Total for the periodOSE333,700344.0047114,794,378.30 CEUX TQEX Previously disclosed buy-backs under the trancheOSE312,060369.0578115,168,174.43CEUX TQEX Total312,060369.0578115,168,174.43 Total buy-backs under the tranche (accumulated)OSE645,760356.1115229,962,552.73CEUX TQEX Total645,760356.1115229,962,552.73 Following completion of the above transactions, Equinor ASA owns a total of 65,720,723 own shares, corresponding to 2.57% 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 55,445,056 own shares, corresponding to 2.17% 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.
Bedriftsforsamlingen i Equinor ASA (OSE:EQNR, NYSE:EQNR) har 8. juni 2026 valgt Jarle Roth som ny leder av styret i Equinor ASA.
Anne Drinkwater ble gjenvalgt som nestleder og Finn Bjørn Ruyter, Haakon Bruun-Hanssen, Mikael Karlsson, Fernanda Lopes Larsen og Dawn Summers ble gjenvalgt som medlemmer av styret i Equinor ASA. Nåværende styreleder Jon Erik Reinhardsen vil tre ut av styret.
Aksjonærrepresentanter til styret i Equinor ASA er valgt med virkning fra 1. juli 2026 og gjelder frem til neste ordinære valg til styret i juni 2027.
Kontaktpersoner:
Nils Morten Huseby, leder av valgkomiteenForespørsler formidles gjennom informasjonsdirektør i Equinor,
Sissel Rinde, +47 412 60 584 Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12
