Equinor raised its 2026 production growth outlook from 3% to approximately 4% as it published third-quarter results on 28 October. Average equity production increased 2% from a year earlier to 2,166,000 barrels of oil equivalent per day. Adjusted operating income reached $12.35 billion, with international production rising while Norwegian output remained broadly stable.
Norwegian energy company Equinor published its third-quarter results on 28 October, reporting adjusted earnings per share of $1.20. Adjusted operating income reached $12.35 billion, while reported operating income was $11.95 billion, compared with $5.27 billion a year earlier. Net income was $2.54 billion and adjusted net income was $2.86 billion. The company raised its annual production growth outlook from 3% to approximately 4%.[1], [2]
Average equity production increased 2% to 2,166,000 barrels of oil equivalent per day. International production rose 21%, with Equinor citing Adura in the United Kingdom, Bacalhau in Brazil and reduced maintenance. Norwegian production remained broadly stable as new fields offset natural decline and outages at Troll and Castberg. Planned offshore maintenance reduced US production.[1]
Cash flow from operations after tax was $8.14 billion, and organic capital expenditure reached $3.28 billion. Equinor announced a $0.39 dividend per share and a new repurchase tranche capped at $1.125 billion. The tranche forms part of an annual programme of up to $3 billion, including transactions involving the Norwegian state’s shares.[1]
