Equinor Raises Output Forecast as Operating Profit Doubles

· Oil & Gas · Norway

Equinor raised its 2026 oil and gas production growth forecast to around 4% from a previous 3%, after higher commodity prices and record earnings at its Mongstad refinery helped more than double third-quarter operating profit. The Norwegian producer's upgrade signals confidence in continued output growth even as the wider market remains volatile. The higher guidance follows quarterly equity production figures that exceeded the company's earlier expectations.

Why it matters：A major European producer lifting guidance on strong refining and prices shows how the current price environment is reshaping upstream investment plans.

Key points

  • 2026 production growth guidance raised to about 4% from 3%.
  • Mongstad refinery posted record earnings in the quarter.

Sources (original reporting)

More stories from this day