EQNR

EQNR

Equinor ASA

Company Information

SectorEnergy
IndustryOil & Gas Integrated
Market Cap$116.72B
Analysts Rating2.8/5

Recommendation Details

PortfolioMidcap Short
DateOct 29, 2026
ForecastQ Daily Probabilities
57.8%
22.3%
10.4%

Company Description

Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments. The company engages in the discovery and appraisal of new resources, as well as commercial development and operation of the oil and gas portfolios; oil and gas field development, well deliveries, and sourcing; research, technology development, specialist advisory services, digitalization, IT, improvement, innovation, and ventures and future business; and developing, exploring, investing in, and operating areas within renewable energy, such as offshore wind, green hydrogen, storage solutions, and solar power. It is also involved in the marketing, trading, processing, and transportation of crude oil and condensate, natural gas, NGL and refined products, including refineries, terminals, and processing plant operation; power and emissions trading; development of transportation solutions for natural gas, liquids, and crude oil, including pipelines, shipping, trucking, and rail; and provision of low carbon solutions. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.

Recent News & Events

Strong Q3 beat with raised 2026 production guidance, new buyback tranche starting, and doubled North Sea gas estimate skew near-term sentiment positive.

POSITIVEOct 28, 2026
Earnings Report

Q3 2026 profit doubles, beats estimates, guidance raised

Equinor reported adjusted operating income of USD 12.35 billion and adjusted EPS of USD 1.20, with profit more than doubling year-over-year to its strongest quarter since late 2022, beating the USD 12.19 billion analyst consensus. The company raised 2026 oil and gas production growth guidance to ~4% from 3%, a positive near-term catalyst, though the CFO flagged possible production decline in 2027 from this year's "extraordinary" level.

Equinor Press Release
POSITIVEOct 28, 2026
Share Buyback

Fourth 2026 buyback tranche of up to USD 1,125M commences

Equinor begins the fourth and final tranche of its 2026 buyback programme on 29 October, of up to USD 1,125 million (USD 371.3 million purchased in market), running until no later than 1 February 2027. Ongoing buyback execution provides a steady demand support for the share price in the near term.

Equinor Press Release
POSITIVEOct 29, 2026
Resource Discovery Update

Afrodite North Sea gas estimate more than doubled

A new appraisal well shows recoverable gas and condensate volumes at the Afrodite discovery may exceed twice prior estimates, now 77-180 million boe. Equinor deems the discovery commercially viable and is evaluating a subsea tie-back to Kvitebjørn, a modest positive for long-term reserves sentiment.

Equinor Press Release
NEUTRALOct 28, 2026
Dividend Declaration

Q3 cash dividend of USD 0.39 per share maintained

The board declared a Q3 2026 cash dividend of USD 0.39 per share, in line with prior guidance, but Equinor did not announce any extraordinary dividend unlike some peers, opting to return excess capital via buybacks instead. Neutral near-term impact as the dividend was already anticipated.

Equinor Press Release

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