Equinor Reports $12.35 Billion Adjusted Quarterly Operating Income and Lifts Output Target
Norway's state-controlled energy producer benefited from higher oil and gas prices and raised its 2026 production growth outlook to approximately 4%.
Equinor reported adjusted operating income of $12.35 billion for the third quarter of 2026, supported by elevated oil and gas prices and high production, according to results released on October 28.
The Norwegian energy company reported net operating income of $11.95 billion and net income of $2.54 billion. Adjusted net income, which excludes certain accounting items, reached $2.86 billion. The figures refer to different accounting measures and should not be treated as interchangeable.
Total equity production was approximately 2.17 million barrels of oil equivalent per day, about 2% higher than in the same quarter of 2025. Equinor increased its full-year oil and gas production growth forecast to approximately 4%, from a previous estimate of 3%.
The company said stronger commodity prices and refinery margins contributed to the quarter's earnings. Its renewable power generation increased 26% from a year earlier, supported by additional assets, although conventional oil and gas remain the main drivers of the group's results.
Equinor maintained its quarterly cash dividend at $0.39 per share and outlined a share-repurchase programme of up to $3 billion for 2026. The production guidance and planned repurchases are forward-looking statements subject to operational and market conditions.
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