Overview
- Equinor published second-quarter results on Wednesday, July 22, 2026, reporting adjusted operating income of USD 11.48 billion and net income of USD 4.84 billion.
- The company generated USD 14.75 billion of cash from operations before taxes and USD 7.68 billion after taxes, and it paid USD 6.4 billion in Norwegian continental shelf tax instalments in the quarter.
- Equinor said the results were driven mainly by higher global liquids prices and stronger European natural gas prices, with the company realizing about USD 97.9 per barrel for liquids and USD 15.8 per MMBtu for European gas, a link that media coverage tied to Middle East supply pressure.
- Total equity production rose about 3% year on year to 2,165 mboe per day as new fields and ramp-ups such as Eirin, Symra, Adura and Bacalhau added volumes and Equinor and partners took a final investment decision on the Greater PAJ project.
- The board approved a USD 0.39 quarterly cash dividend and initiated a third 2026 buy-back tranche of up to USD 1,125 million starting July 23, measures that use the stronger cash flow to return capital to shareholders while lowering adjusted net debt.