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. The Norwegian producer now expects faster growth than its previous guidance of 3%, following quarterly equity production of 2.166 million barrels of oil equivalent per day. International growth helped lift total output even as production on the Norwegian continental shelf remained broadly flat. Reported operating profit rose to $11.96 billion…