Norway Equinor posted record results in the first quarter (Q1) of 2026 with adjusted operating income of $9.77 billion, up from $8.65 billion in Q1 2025.  This comes as Equinor delivered record-high production in Q1, with a total equity production of 2,313 million barrels of oil equivalent per day (boe/d), 9% higher than the same quarter in 2025.

Net income rose to $3.10 billion in 2026 compared to $2.63 billion in 2025, underscoring strong operational performance and strategic milestones, according to a press release by the company.

The company added seven new discoveries on the Norwegian continental shelf during Q1 2026, compared to two commercial discoveries from five wells in Q1 2025

Meanwhile, renewable generation rose 29% in Q1 2026, driven by the Dogger Bank wind farm, the world’s largest offshore wind farm, and new onshore assets. This was offset by lower gas-to-power generation, resulting in stable total power generation compared to the first quarter of 2025.

Equinor is an international energy company, headquartered in Norway. The company is a major energy supplier to Europe, and its portfolio encompasses oil and gas, renewables, and low-carbon solutions. Equinor is a world-leading offshore operator and an international pioneer in renewables and low-carbon solutions.