Equinor ASA shares have gained 22.2% over the past month, supported by a sharp earnings rebound, higher production, and stronger trading contributions. Second-quarter 2026 adjusted earnings reached $1.33 per share, up 107.8% from 64 cents a year earlier, while revenues increased 40% to $35.18 billion and adjusted operating income rose 76% to $11.48 billion. Equity oil and gas production rose 3% to 2,165 thousand barrels of oil equivalent per day, with first-half production up 6%, making the company's roughly 3% full-year growth guidance more dependable. Marketing, Midstream & Processing generated $777 million in adjusted operating income, well above normal-quarter guidance of about $400 million. However, the stock now trades at 9.4 times forward 12-month earnings, above its five-year median of 7.7 times and the Zacks sub-industry's 9.3 times, while the Zacks Consensus Estimate points to 2027 earnings of $3.75 per share, down from $4.93 in 2026, leaving less room for commodity, execution, or cash-flow setbacks.
BP PLC
Shell plcEquinor ASA ADRQ2 earnings and revenue surged, driving the stock up 22.2% in a month.
Dell Technologies Inc