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Norway's Equinor said on Tuesday it has signed a five-year gas supply agreement with Dutch energy firm Eneco , for deliveries to its Germany subsidiary.
Equinor remains my top oil megacap pick, delivering strong 1Q 2026 results with $9.8B adjusted operating income and 9% O&G production growth. EQNR's disciplined capital allocation supports a >4% dividend yield and $1.5B annual buybacks, driving over 5% total shareholder returns even after share price appreciation. Production exceeded 2.3M barrels/day, buoyed by new NCS output and US records, while renewable generation—bolstered by a strategic Ørsted stake—continues to ramp.
Equinor ASA (EQNR) Shareholder/Analyst Call Prepared Remarks Transcript
EQNR's Q1 earnings top estimates as higher production and stronger liquids prices lift profitability across key segments.
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Europe will struggle to replenish its depleted gas storage sites to a targeted 80% filling level before the start of next winter, Equinor's head of finance said on Wednesday, citing unfavourable price spreads and lower-than-expected supply levels.
The boost from record production and higher oil prices helped the Norwegian energy major maintain the pace of its quarterly share buyback.
Equinor on Wednesday reported a bigger-than-expected rise in first-quarter profits, lifted by higher output and as oil and gas prices soared in March due to the war in the Middle East.
E makes a major 5 Tcf gas discovery in Indonesia, boosting LNG growth potential and strengthening its position in the Kutei Basin.
Equinor benefits from high oil prices and new projects, which support output and strengthen its position as a reliable energy supplier.