Equinor Rallies 5.76% to $33.59 on Oil Surge and $1.5bn Buyback
Equinor ASA shares jumped for a third straight day to a two-year high, reaching an intraday peak of $33.64 before closing up 5.76%. In 2025, the company reported net income of $5.06 billion, down 43% year-on-year, announced a $1.5 billion buyback and expects 3% production growth in 2026.
1. Stock Surges to Two-Year High
Equinor ASA shares rallied for a third consecutive day, hitting an intraday high of $33.64 and closing up 5.76% at $33.59 as global crude prices jumped above $90 per barrel.
2. 2025 Earnings Decline
Full-year net income fell 43% to $5.06 billion while total revenues rose 3% to $106.46 billion. In Q4, net income dropped to $1.3 billion from $2.0 billion and revenues declined 8% to $25.3 billion.
3. 2026 Guidance and Capital Return
Equinor is targeting 3% production growth in 2026 and has launched a $1.5 billion share buyback program to boost shareholder returns, supported by new field developments and its integrated power business execution.