{
  "id": 16877400,
  "title": "Equinor Profits Triple as Oil and Gas Prices Surge",
  "url": "https://urgent.news/2026/10/28/equinor-profits-triple-as-oil-and-gas-prices-surge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T09:20:33.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Equinor-Profits-Triple-as-Oil-and-Gas-Prices-Surge.html"
  },
  "original_language": "en",
  "account": "Equinor's profits more than tripled in the third quarter, soaring to $2.86 billion, compared to $932 million during the same period last year. The Norwegian energy company attributed its impressive earnings to strong refining margins, high prices for oil and natural gas, and increased hydrocarbon production. Production levels rose by 2% compared to the previous year, totaling 2.166 million barrels of oil equivalent per day. The company also benefited from a significant increase in the European gas price, which reached $20.0 per million British thermal units, up from $15.79 per MMBtu in the second quarter. This 75% increase in gas prices was driven by a shortage of LNG supply from Qatar due to the Iran war and a disruption in the Strait of Hormuz. Equinor's average realized liquids price jumped by 42% from the prior year to $92.3 per barrel during the third quarter, as oil prices remained above $100 per barrel due to ongoing conflicts in the Middle East. The Marketing, Midstream and Processing division reported strong results, largely driven by high refining margins, solid refining performance, and thriving LNG trading. Equinor's president and CEO, Anders Opedal, expressed optimism, stating that high production in the quarter enabled them to capture additional value from elevated prices and that they are forecasting a 4% growth in oil and gas production for 2026.",
  "summary": "Equinor tripled its adjusted net income for the third quarter from a year earlier, on the back of strong refining margins, high oil and natural gas prices, and increased hydrocarbon production. The Norwegian energy major on Wednesday reported an adjusted net income of $2.86 billion for the third quarter, tripled from the $932 million income for the same period last year. Equinor’s oil and gas…",
  "key_points": [
    "Equinor profits tripled to $2.86 billion in Q3",
    "Oil and gas prices surge, boosting earnings",
    "Production up 2%, LNG prices 75% higher"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}