What was Equinor's adjusted operating income after tax for the first quarter, and how did it compare to analyst expectations?

Equinor's adjusted operating income after tax rose to $2.86 billion in the first quarter, exceeding the $2.6 billion average analyst estimate.

How has the Iran war impacted Equinor's production and financial performance, and what strategic advantage does it hold relative to European peers?

The Iran war has driven a surge in oil and gas prices, boosting Equinor’s profit; the company avoided production disruptions faced by many European peers because it has no direct asset exposure in the Persian Gulf, enabling it to achieve a record quarterly production of 2.31 million barrels of oil equivalent per day — up 9% year-on-year.

Equinor Profit Beats Estimates as War Drives Price Surge

May 5, 2026

Equinor reported Q1 profits exceeding analyst estimates at $2.86 billion, driven by soaring oil and gas prices amid Middle East conflict. The energy giant achieved record daily production of 2.31 million barrels while announcing a new share buyback tranche.

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