Business Wednesday, Jul 22

Equinor ASA (EQNR) Q2 2026 Earnings Call July 22, 2026 5:30 AM EDT

Company Participants

Bård Pedersen – Senior Vice President of Investor relations
Torgrim Reitan – Executive VP & CFO

Conference Call Participants

Teodor Nilsen – Sparebank 1 Markets AS, Research Division
Biraj Borkhataria – RBC Capital Markets, Research Division
Alejandro Vigil – Banco Santander, S.A., Research Division
Henri Patricot – UBS Investment Bank, Research Division
Michele Della Vigna – Goldman Sachs Group, Inc., Research Division
Martijn Rats – Morgan Stanley, Research Division
Fergus Neve – Rothschild & Co Redburn, Research Division
Naisheng Cui – Barclays Bank PLC, Research Division
Matthew Lofting – JPMorgan Chase & Co, Research Division
Christopher Kuplent – BofA Securities, Research Division
Sadnan Ali – HSBC Global Investment Research
John Olaisen – ABG Sundal Collier Holding ASA, Research Division
Jason Gabelman – TD Cowen, Research Division
Ahmed Ben Salem – ODDO BHF Corporate & Markets, Research Division

Presentation

Operator

Hello, and welcome to Equinor analyst call Q2. I would like to turn the call over to Bård Glad Pedersen, Head of Investor Relations. Bård, you may begin.

Bård Pedersen
Senior Vice President of Investor relations

Thank you, operator, and good morning, all. Thank you for joining the analyst call for Equinor’s second quarter results. Our CFO, Torgrim Reitan, will, as usual, present the results before we open for Q&A. [Operator Instructions] We plan to complete the session within 1 hour in total.

And with that, I hand it to you, Torgrim, to take us through the results.

Torgrim Reitan
Executive VP & CFO

Thank you, Bård. Good morning, and thank you for joining us, and I hope you are all enjoying your summer. Today, it is 5 weeks since our Capital Markets Day, where we shared with you our updated plans to deliver more energy, growing cash flow and superior returns. We showed you an improved portfolio, delivering production growth of 150,000 barrels per day to 2030, a

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