Equinor Profits Nearly Double to $11.5 Billion as Iran Conflict Lifts Oil Prices

Equinor's adjusted operating income hit $11.5 billion in Q2 2026, nearly double the $6.5 billion posted a year earlier and above analyst consensus of $11.37 billion. Brent crude swung between $75 and over $100 per barrel during the quarter, up from roughly $60–$70 in Q2 2025, as the US-Iran conflict disrupted Strait of Hormuz shipping. Equinor ramped production to fill the supply gap.