Overview
- Equinor, which reported results on July 22, posted adjusted operating income of about $11.48 billion for Q2 2026 and adjusted net income of $3.22 billion.
- Higher realized prices drove the quarter as Equinor received roughly $97.9 per barrel for liquids and about $15.8 per MMBtu for European gas, reflecting tightened supply from Middle East shipping and export disruptions.
- Group equity production rose about 3% to 2,165 mboe per day in Q2 helped by new fields such as Eirin and Symra and output from projects including Johan Castberg and Bacalhau.
- Strong cash flow after taxes of $7.68 billion let the board declare a $0.39 quarterly dividend and start a third buyback tranche of up to $1,125 million, bringing 2026 buybacks to around $3 billion.
- Balance-sheet metrics improved as net debt to capital employed fell to 10.4%, and the company kept full-year guidance for organic capex and its 3% production growth target while progressing tie-back contracts and the Greater PAJ FID in Angola.