What were Equinor's adjusted earnings before tax for the first quarter, and how did they compare to analyst expectations?

Equinor's adjusted earnings before tax for January–March rose to $9.77 billion from $8.65 billion a year earlier, beating the $9.0 billion consensus forecast from a poll of 23 analysts compiled by Equinor.

How did Equinor's CEO characterize the company's first-quarter performance, and what factors contributed to it?

CEO Anders Opedal described the quarter as delivering 'exceptional operational performance and record-high production', which—combined with higher oil and gas prices in March driven by the war in the Middle East—led to strong financial results.

Equinor First-Quarter Profit Rises More Than Expected

May 5, 2026

Equinor reported Q1 adjusted earnings of $9.77 billion, beating estimates due to higher output and soaring oil prices linked to Middle East conflicts. The company kept dividends steady while cutting share buybacks despite windfall profits.

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