Equinor Posts Strong Q2 2026 Earnings on Higher Oil Prices and Increased Production

SEATTLE (Oil Monster): Equinor delivered robust financial and operational performance during the second quarter of 2026, aided by stronger oil and gas prices, higher production, and solid trading results.

The company posted an adjusted operating income of USD 11.48 billion for the quarter, while net operating income reached USD 12.99 billion. Net profit stood at USD 4.84 billion, with adjusted net income totaling USD 3.22 billion, resulting in adjusted earnings of USD 1.33 per share.

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Equinor's total equity production averaged 2.165 million barrels of oil equivalent per day (mboe/d) during the quarter, representing a 3% increase from the same period in 2025. Higher output was driven by the start-up of new projects, including the Eirin and Symra fields in Norway, along with increased production from the Adura project in the UK and the Bacalhau field in Brazil.

Equinor realized an average European gas price of USD 15.8 per MMBtu and an average liquids price of USD 97.9 per barrel.

The company's operating activities generated USD 14.75 billion in cash flow before taxes and working capital adjustments. Cash flow after tax payments reached USD 7.68 billion,while the company's adjusted net debt-to-capital ratio improved to 10.4%, reflecting a stronger balance sheet at the end of the quarter.