Equinor ASA

EQNR: XOSL (NOR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Equinor Earnings: Record Production and Strong Beat, but Shares Still Overvalued

Allen Good

May 6, 2026

Equinor’s adjusted first-quarter results exceeded market expectations as each segment performed better than forecast, powered by higher commodity prices, product margins, and trading results. Production reached record levels, growing 9% from the year before.

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Equinor ASA

Equinor Earnings: Record Production and Strong Beat, but Shares Still Overvalued

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