Equinor boosted its 2026 production growth outlook to 4% after reporting a surge in third-quarter operating profit to $11.96 billion, driven by strong refinery margins and higher commodity prices.
Equinor reported a significant financial performance boost with Q3 operating profit more than doubling to $11.96 billion, driven by favorable commodity prices and record-breaking refinery earnings at Mongstad. Consequently, the company has upwardly revised its 2026 oil and gas production growth forecast to 4%, surpassing its previous 3% guidance, supported by strong international output despite flat production on the Norwegian continental shelf.
Equinor has raised its forecast to approximately 4%, up from the previous guidance of 3%.
The reported operating profit for the third quarter was $11.96 billion.
The company reported equity production of 2.166 million barrels of oil equivalent per day.
Equinor lifted its 2026 oil and gas production growth target to 4% from 3% following a robust third quarter. The Norwegian energy giant reported operating profit of $11.96 billion, fueled by elevated commodity prices and record-breaking performance at its Mongstad refinery.
The company raised its 2026 outlook to 4% due to strong international growth and favorable commodity price environments that supported higher output targets.