Equinor Raises Oil and Gas Output Forecast as Operating Profit Doubles

Equinor raised its 2026 oil and gas production growth forecast to around 4% after higher commodity prices and record earnings at its Mongstad refinery helped more than double third-quarter operating profit. 166 million barrels of oil equivalent per day. International growth helped lift total output even as production on the Norwegian continental shelf remained broadly flat.

27 billion a year earlier. 19 billion analyst consensus compiled by Equinor. 37. 30 per barrel. Those prices supported upstream earnings, while high refining margins and strong operating performance delivered a record contribution from Mongstad. The Marketing, Midstream and Processing segment generated adjusted operating income of $893 million, compared with analyst expectations of $793 million.