Equinor Raises 2026 Production Forecast to 4% Growth as Operating Profit Doubles
Source Summary
Equinor raised its 2026 oil and gas production growth forecast to approximately 4%, up from previous guidance of 3%, driven by higher commodity prices and record earnings at its Mongstad refinery. Third-quarter operating profit more than doubled to $11.96 billion, with quarterly equity production reaching 2.166 million barrels of oil equivalent per day. International growth offset flat production on the Norwegian continental shelf.
Why it matters
The upward revision signals Equinor's confidence in sustained energy demand and higher profitability, with direct implications for shareholder returns and Norway's energy export revenues.
