Equinor's Q3 Profit Doubles on Iran War-Driven Oil and Gas Prices
Equinor's third-quarter adjusted operating income doubled to $12.35 billion, topping forecasts, Dow Jones Newswires reports. Output outlook raised.
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what happened
Equinor's third-quarter adjusted operating income more than doubled, reaching $12.35 billion against $6.215 billion a year earlier, Dow Jones Newswires reports. The result also beat the $12.19 billion analysts expected, based on a consensus compiled by the company.
The Norwegian major credited dearer oil and gas tied to the Iran conflict, along with 2% production growth. Refining also delivered: with several million barrels of worldwide capacity knocked out, margins became unusually strong. Profitable gas trading helped too.
The company kept its buyback pace at up to $1.125 billion for the quarter and still plans repurchases of up to $3 billion across 2026. It also lifted its full-year production growth forecast to about 4%, from roughly 3% previously.
why it matters
Equinor is one of Europe's major gas suppliers, so its profit reflects higher European gas prices and favorable refining economics. The report shows how the energy supply shock is reaching producers, though it describes the past quarter rather than future prices.
market impact
Equinor shares and European gas: strong quarter and higher prices support the energy sector
tags
instruments
sources
- Equinor's Earnings Double as Upended Energy Markets Offer Windfall — Dow Jones Newswires, 28 October 2026 at 06:19 UTC
- Equinor's Earnings Double as Upended Energy Markets Offer Windfall — Dow Jones Newswires, 28 October 2026 at 06:34 UTC
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