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Equinor ASA

Equinor ASA

$EQNR
NYSEEnergy

229 stories mentioning Equinor ASAUpdated 2d ago

The Norwegian energy major traded among European ADRs amid sector swings as oil prices moved on US-Iran ceasefire developments.

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Sectors

Sector Update: Energy Stocks Softer Wednesday Afternoon

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) easing 0.2%.The Philadelphia Oil Service Sector Index was down 0.7%, and the Dow Jones US Utilities Index was falling 1.1%.Front-month West Texas Intermediate crude oil was declining 0.4% to $101.81 a barrel, and the global benchmark Brent crude contract was dropping 1.4% to $106.24 a barrel. Henry Hub natural gas futures rose 0.9% to $2.87 per 1 million BTU.In sector news, the International Energy Agency on Wednesday forecast a sharper decline in global oil demand this year than previously expected as the Middle East conflict drives up energy prices. The agency anticipates oil consumption to contract by 420,000 barrels a day in 2026, compared with an 80,000-barrel drop expected last month. Oil demand is projected to plunge by 2.45 million barrels per day in the second quarter.Separately, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 12.9 million barrels in the week ended May 8 following a decrease of 7.5 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks decreased by 4.3 million barrels after a 2.3-million-barrel decline in the previous week, more than the 2.0-million-barrel decrease expected in a survey compiled by Bloomberg.In corporate news, BP (BP) has stopped contract discussions with the US steelworkers' union after the lockout of over 800 employees at its Whiting, Indiana, facility, Reuters reported, citing a statement from the union. BP shares were down 0.9%.Ring Energy (REI) shares dropped 25% after the company overnight said it priced a public offering of about 44.4 million common shares at $1.35 apiece, targeting $60 million in gross proceeds.Equinor (EQNR) plans to hold talks with major European customers on whether they would support ambitious and expensive new projects to recover oil and gas supplies, Bloomberg reported. Equinor shares fell 1.2%.

$BP$EQNR$REI
Oil & Energy

Market Chatter: Equinor Plans to Buy Crude From Costlier German Fields

Equinor (EQNR) is set to hold talks with major European energy consumers to gauge interest in supporting new projects to recover higher-cost oil and gas reserves, Bloomberg reported on Wednesday, citing industry sources.The Norwegian energy giant plans to sound out customers, including Germany, regarding the long-term financial commitments necessary to greenlight these developments.Government officials from Germany, the UK, Belgium, Poland, and the Netherlands are expected to attend a meeting in Oslo on May 18, hosted by gas pipeline operator Gassco, the report said.The discussions come as global energy markets remain volatile due to the ongoing Middle East conflict. Equinor is seeking ways to stabilize output as North Sea production is projected to decline over the next decade.Equinor did not immediately respond to' request for comment.Equinor's strategy includes a long-term goal to increase drilling in the Arctic, as Norway lobbies the European Union to soften its opposition to exploration in the region.The energy firm is among several firms that have drilled for decades in Norway's ice-free waters north of the Arctic Circle.The move to tap costlier wells comes as Norway has emerged as Germany's main supplier of natural gas, accounting for about half of total imports after replacing most of the cheaper pipeline deliveries from Russia, which ended in 2022.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $38.29, Change: $-0.23, Percent Change: -0.60%

$EQNR
Equities

Market Chatter: Equinor to Gauge Interest in More Ambitious Oil, Gas Projects

Equinor (EQNR) plans to hold talks with major European customers on whether they would support ambitious and expensive new projects to recover oil and gas supplies, Bloomberg reported Wednesday, citing people familiar with the matter.Equinor will confer with officials from Germany, the UK, Belgium, Poland, and the Netherlands, who are due in Oslo on May 18 for an event hosted by gas pipeline operator Gassco, the report said.Equinor did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$EQNR
Commodities

Equinor Marks 5,000 Gullfaks Cargoes as North Sea Field Extends Lifespan

Equinor (EQNR) completed shipment of oil cargo number 5,000 from the Gullfaks field in the North Sea, marking nearly four decades of production and exports to Europe, the company said Tuesday.Production at Gullfaks began in 1986 with an original operating target through 2007, but the field continues to supply weekly crude cargoes to international buyers nearly two decades later.The field has produced about 2.8 billion barrels of oil equivalent, almost double the company's initial estimate.The Gullfaks field also handles export volumes from the Snorre and Visund fields, along with several subsea developments.Gullfaks crude carries low sulfur content and light oil characteristics, allowing refiners to produce gasoline, diesel, jet fuel, liquefied petroleum gas and naphtha for petrochemical manufacturing.Equinor delivers Gullfaks crude to refineries in Sweden, the UK and Poland, while some shipments also move to the company's Mongstad refinery in Norway, according to the company.The company transports crude through shuttle tankers designed to carry about 800,000 barrels of oil per voyage between the Norwegian continental shelf and European customers."Together, we deliver highly reliable logistics that enable oil to be transported quickly and safely from the Norwegian continental shelf to our customers," said Heidi Aakre, Equinor's head of shipping.Price: $38.30, Change: $+0.08, Percent Change: +0.21%

$EQNR
Wire

EMEA Natural Gas Update: Futures Rise Modestly, Weigh Middle East Peace Plan

European natural gas futures ended the session higher on Friday but slipped in later trade, as markets swung between geopolitical risk tied to US-Iran tensions and growing optimism that diplomacy could ease supply concerns.The front-month Dutch TTF contract rose 0.537% to 43.795 euros ($51.56) per megawatt-hour and the front-month UK NBP contract gained 0.187% to 107.07 British pence ($1.46) per therm.Earlier in the session, TTF briefly hit 45.40 euros/MWh before softening on expectations that Tehran may respond to a US peace proposal after US Secretary of State Marco Rubio said Washington expects a response "today," according to reports.Supply support came from Norway, where extended maintenance at the Troll field cut flows to Europe, tightening near-term availability, but Equinor also brought the Eirin field online, exporting gas via the Gina Krog and Sleipner A platforms, adding new supply.EU gas inventories stand at 34.26% of capacity, down from 41.58% a year ago, according to Gas Infrastructure Europe, leaving storage rebuilding well behind seasonal norms.Equinor (EQNR) CFO Torgrim Reitan reportedly warned Europe is unlikely to reach its 80% storage target ahead of winter, citing weak price incentives and limited supply growth. Speaking on an analysts' call earlier this week, he said this would leave the market more exposed to weather and operational disruptions.Weather risk is compounding the outlook. Forecasters see a 60-70% chance of El Nino this summer, raising the risk of heat and drought that could disrupt LNG logistics, including transit through the Panama Canal. With storage still low and geopolitical risks elevated, analysts warn that volatility into winter could intensify, Montel News reported.Price: $36.86, Change: $-0.05, Percent Change: -0.15%

$EQNR
Asia Markets

European Equities Traded in the US as American Depositary Receipts Heading Lower in Thursday Trading

European equities traded in the US as American depositary receipts were tracking lower late Thursday morning, losing 0.87% to 1,830.89 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by medical device maker EDAP TMS (EDAP) and accommodations booking company trivago (TRVG), which advanced 12% and 8%, respectively. They were followed by internet advertising firm Criteo (CRTO) and software company SAP (SAP), which increased 3.8% and 3.5%, respectively.The decliners from continental Europe were led by telecommunications company Nokia (NOK) and petroleum refiner Equinor (EQNR), which fell 4.4% and 4.3%, respectively. They were followed by semiconductor company Sequans Communications (SQNS) and pharmaceutical company Ascendis Pharma (ASND), which were down 2.7% and 2.3% respectively.The gainers from the UK were led by biopharmaceutical companies Akari Therapeutics (AKTX) and Biodexa Pharmaceuticals (BDRX), which rose 5.3% and 3.8% respectively. They were followed by communications company WPP (WPP) and hospitality company InterContinental Hotels Group (IHG), which were up 2.7% and 2.3% respectively.The decliners from the UK and Ireland were led by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Bicycle Therapeutics (BCYC), which lost 4.9% and 3.2% respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and oil and gas company Shell (SHEL), which dropped 2.7% and 2.6% respectively.

$AKTX$ASND$AUTL$BCYC$BDRX$CRTO$EDAP$EQNR$IHG$NOK$SAP$SHEL$SLN$SQNS$TRVG$WPP
Sectors

Sector Update: Energy Stocks Fall Wednesday

Energy stocks fell Wednesday with the NYSE Energy Sector Index slumping 3.9% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 4.1%.The Philadelphia Oil Service Sector Index shed 2%, and the Dow Jones US Utilities Index dropped 1.5%.Crude prices fell Wednesday amid prospects of a diplomatic breakthrough between the US and Iran.West Texas Intermediate crude oil tumbled 7.1% to $95.03 a barrel, and global benchmark Brent slumped 7.9% to $101.15 a barrel. Henry Hub natural gas futures fell 2.5% to $2.72 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, fell 7.5 million barrels in the week ended Friday following a decrease of 13.4 million in the previous week. Excluding inventories in the SPR, commercial crude oil stocks dropped 2.3 million barrels after a decline of 6.2 million in the previous week, compared with the decrease of 3.4 million expected in a survey compiled by Bloomberg.In corporate news, Spire (SR) shares fell 4% after the company's fiscal Q2 operating revenue came in below analysts' expectations.Vermilion Energy (VET) reported a Q1 loss following a year-earlier profit. The shares dropped 13%.Equinor (EQNR) shares tumbled 8% after the firm reported Q1 revenue that fell more than Wall Street expected.

$EQNR$SR$VET
Sectors

Sector Update: Energy Stocks Fall Wednesday Afternoon

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index falling 3.8% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 4.2%.The Philadelphia Oil Service Sector Index was shedding 1.6%, and the Dow Jones US Utilities Index was down 1.2%.The White House is of the view that an agreement with Tehran -- a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations -- is close, Axios reported, citing two US officials and two other sources briefed on the issue. Washington's MoU, if Iran accepts it, will lead to a gradual reopening of the Strait of Hormuz and lifting of the American blockade on Iranian ports, a person familiar with the matter told Bloomberg.Front-month West Texas Intermediate crude oil sank 7% to $95.14 a barrel, and the global benchmark Brent crude contract slumped 7.4% to $101.72 a barrel. Henry Hub natural gas futures fell 2.5% to $2.72 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 7.5 million barrels in the week ended May 1 following a decrease of 13.4 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks decreased by 2.3 million barrels after a 6.2-million-barrel drop in the previous week, compared with the 3.4-million-barrel decrease expected in a survey compiled by Bloomberg.In sector news, Triton Uranium is considering a US listing through a merger with a special purpose acquisition company in 2026, its president Scott Evans told Reuters, as the company seeks to tap rising demand for nuclear fuel and bolster domestic supply. The Canada-based company has begun development work at its Atlas Project in Uranium City, Saskatchewan, where it controls about 46,742 acres of mineral claims, the report said.In corporate news, Equinor (EQNR) shares fell past 8% after the firm reported Q1 revenue that decreased year on year and missed analysts' estimates.Vermilion Energy (VET) reported a Q1 loss Wednesday of 0.95 Canadian dollar ($0.70) per diluted share, swinging from earnings of CA$0.10 a year earlier. Its shares dropped over 12%.Nano Nuclear Energy (NNE) said Wednesday it has signed a memorandum of understanding with Super Micro Computer (SMCI) to explore the integration of Nano's energy systems with Supermicro's AI server and data center platforms. Nano shares surged 22%.Terrestrial Energy (IMSR) and Riot Platforms (RIOT) said Wednesday they are collaborating to develop a pairing of planned data centers with co-located nuclear plants. Terrestrial shares jumped past 16%.

$EQNR$IMSR$NNE$VET
Sectors

Sector Update: Energy

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index falling 3.6% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 4.1%.The Philadelphia Oil Service Sector Index was shedding 1.6%, and the Dow Jones US Utilities Index was down 1.2%.In sector news, the White House is of the view that an agreement with Tehran -- a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations -- is close, Axios reported, citing two US officials and two other sources briefed on the issue. Washington's MoU, if Iran accepts it, will lead to a gradual reopening of the Strait of Hormuz and lifting of the American blockade on Iranian ports, a person familiar with the matter told Bloomberg.Front-month West Texas Intermediate crude oil sank 6.2% to $95.96 a barrel, and the global benchmark Brent crude contract slumped 6.8% to $102.45 a barrel. Henry Hub natural gas futures shed 2.1% to $2.73 per 1 million BTU.In corporate news, Equinor (EQNR) shares fell past 8% after the firm reported Q1 revenue that decreased year on year and missed analysts' estimates.

$EQNR
Asia Markets

European Equities Traded in the US as American Depositary Receipts Climb Sharply Higher in Wednesday Trading

European equities traded in the US as American depositary receipts were tracking higher late Wednesday morning, rising 1.98% to 1,843.18 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by accommodations booking company trivago (TRVG) and lender ING Group (ING), which advanced 14% and 5% respectively. They were followed by biopharmaceutical company Cellectis (CLLS) and lender Banco Santander (SAN), which climbed 4.8% and 4.2% respectively.The decliners from continental Europe were led by internet advertising firm Criteo (CRTO) and petroleum refiner Equinor (EQNR), which shed 18% and 8.4% respectively. They were followed by semiconductor company Sequans Communications (SQNS) and oil and gas company Eni (E), which dropped 5.8% and 4.5% respectively.The gainers from the UK were led by biopharmaceutical company Akari Therapeutics (AKTX) and insurance company Prudential (PUK), which rose 9.4% and 6.2% respectively. They were followed by mining company BHP Group (BHP) and lender Barclays (BCS), which were up 5.3% and 5.2% respectively.The decliners from the UK and Ireland were led by biopharmaceutical companies Mereo BioPharma Group (MREO) and NuCana (NCNA), which fell 5.1% and 4% respectively. They were followed by oil and gas companies BP (BP) and Shell (SHEL), which lost 3.7% and 2.7% respectively.

$AKTX$BCS$BHP$BP$CLLS$CRTO$E$EQNR$ING$MREO$NCNA$PUK$SAN$SHEL$SQNS$TRVG
Commodities

Orsted Posts Record Renewable Output in Q1

Orsted said Wednesday its renewable energy generation in Q1 reached a record high, with power generation from offshore wind farms and onshore energy assets rising 16% year over year to 11.3 terawatt-hours, driven by project ramp-ups and higher wind speeds.Power generation from offshore wind sources was up 27% versus year-ago levels to 6.9 TWh, helped by a 10% rise in wind speeds and ramp-up at Borkum Riffgrund 3 in Germany and Greater Changhua 4 in Taiwan.Power sales from this segment correspondingly grew to 6.3 TWh over the year from 4.8 TWh.The offshore segment generated 21.29 billion Danish kroner ($3.35 billion) in revenue during the quarter, a 45% jump from the previous year's 14.64 billion kroner.Meanwhile, Orsted's onshore wind and solar assets produced 4.4 TWh of power in Q1, a 3% rise from a year earlier, driven by the commissioning of Badger Wind in the US and Bahren West 1 in Germany.The onshore segment posted a 5% increase in revenue year over year to 886 million kroner.The company's bioenergy and other assets posted a 9% growth in heat generation to 3.5 TWh and a 6% decline in power output to 1.4 TWh.The segment's gas sales improved by 19% to 6.3 TWh, and its power sales inched up 9% to 686 gigawatt-hours.Correspondingly, the segment recorded a 3% rise in revenue to 5.51 billion kroner.Orsted also said it "made significant progress on its construction projects across three continents."In the US, it delivered the first power from the Revolution Wind project to New England and installed the first wind turbines at Sunrise Wind outside New York.In Europe, it has begun installing foundations for Hornsea 3 in the UK and Baltica 2 in Poland.In Taiwan, it said the offshore wind farms Greater Changhua 2b and 4 remain on track for commissioning in Q3.The Danish state is a majority shareholder in Orsted with a 50.1% stake, and Norway's Equinor (EQNR) is the second-largest shareholder with a 10% stake.Price: $37.52, Change: $-3.84, Percent Change: -9.28%

$EQNR
Sectors

Sector Update: Energy Stocks Fall Pre-Bell Wednesday

Energy stocks were lower premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) retreating by 4%.The United States Oil Fund (USO) was down 7.5%, while The United States Natural Gas Fund (UNG) was 1.4% lower.Front-month US West Texas Intermediate crude oil was down 10% at $91.80 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 9.6% to $99.34 per barrel, and natural gas futures were 2.5% lower at $2.72 per 1 million British Thermal Units.TotalEnergies (TTE) shares were down more than 4% before the opening bell, reversing the 1.4% gain from the prior session. The company said it signed an agreement with Dell Technologies (DELL) and Nvidia (NVDA) to design and install its next high-performance supercomputer, called Pangea 5, in southern France.Equinor (EQNR) shares were down more than 8% premarket after the company reported lower Q1 revenue.Select Water Solutions (WTTR) stock was up over 4% after the company reported better-than-expected Q1 earnings and revenue.

$EQNR$TTE$UNG$USO$WTTR$XLE
Oil & Energy

Equinor Q1 Production Surges By 9% Year-Over-Year

Norwegian energy major Equinor (EQNR) posted its strongest quarterly profit in three years on Wednesday, driven by record-breaking production levels and high commodity prices resulting from the ongoing conflict with Iran.The company reported that Q1 production surged 9% year-over-year, reaching a record 2.31 million barrels of oil equivalent per day. That was significantly higher than the 2.12 mmboepd recorded a year earlier.The production spike was led by the commissioning of new wells and increased output across the Norwegian Continental Shelf and the US, Equinor noted.Higher realized liquids prices and a boost in US gas prices further bolstered the bottom line, despite a decline in European gas prices, the company said.Equinor warned that the disruption to global energy flows caused by the US-Iran hostilities and the closure of the Strait of Hormuz is likely to persist long after active the conflict ends.Despite these logistical hurdles, the company's downstream and trading division reported a profit of $787 million, nearly double its long-term quarterly guidance of $400 million.

$EQNR
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Wednesday Amid Potential US-Iran Truce

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 1% and the actively traded Invesco QQQ Trust (QQQ) was 1.7% higher in Wednesday's premarket activity amid news of a potential US-Iran truce.US stock futures were mixed, with S&P 500 Index futures up 1%, Dow Jones Industrial Average futures falling 1.2%, and Nasdaq futures advancing 1.6% before the start of regular trading.US mortgage applications fell in the week ended May 1 amid higher mortgage rates, according to data released by the Mortgage Bankers Association early Wednesday.ADP's monthly measure of private payrolls showed a 109,000 increase in April, below expectations compiled by Bloomberg as of 7:20 am ET for an increase of 120,000.State-level unemployment data for March is slated for a 10 am ET release, followed by the weekly petroleum stocks at 10:30 am ET.Chicago Federal Reserve President Austan Goolsbee is due to speak on Wednesday.In premarket activity, bitcoin was down by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.3% higher, Ether ETF (EETH) advanced 2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) fell over 14%.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.9% lower.Hut 8 (HUT) shares were up more than 24% pre-bell after the company reported higher Q1 revenue.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 2.1%, and the iShares US Technology ETF (IYW) was 2.4% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 2.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) rose 3.6%, while the iShares Semiconductor ETF (SOXX) increased by 4.3%.Advanced Micro Devices (AMD) shares were up more than 18% in premarket activity after the company overnight posted stronger-than-expected fiscal Q1 results and issued an upbeat Q2 revenue outlook.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.1%, the Vanguard Health Care Index Fund (VHT) was up 0.3%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 1% higher.Novo Nordisk (NVO) stock was up more than 6% premarket after the company posted higher-than-expected Q1 earnings and revenue in addition to raising its 2026 adjusted sales growth guidance.EnergyThe iShares US Energy ETF (IYE) was down 4.2%, while the State Street Energy Select Sector SPDR ETF (XLE) fell by 4.8%.Equinor (EQNR) stock was down more than 9% before Wednesday's opening bell after the company reported lower Q1 revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1.8%, while the Vanguard Industrials Index Fund (VIS) was up 2.3%, and the iShares US Industrials ETF (IYJ) was inactive.Ametek (AME) stock was up more than 2% before the opening bell after the company agreed to acquire Indicor Instrumentation from Indicor in an all-cash deal valued at about $5 billion.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.2%. The iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 1.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 1.2% lower.Amazon (AMZN) shares were up more than 1% a day after The Information reported the company-backed Anthropic will pay Alphabet's (GOOG, GOOGL) Google Cloud about $200 billion over five years for computing capacity and processors.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 10% to $91.80 per barrel on the New York Mercantile Exchange. Natural gas was down by 2.5% at $2.72 per 1 million British Thermal Units. The United States Oil Fund (USO) fell by 9.6%, while the United States Natural Gas Fund (UNG) was 1.6% lower.Gold futures for May rose by 3.1% to $4,711.90 an ounce on the Comex. Silver futures advanced by 5.7% to $77.79 an ounce. SPDR Gold Shares (GLD) was 3% higher, and the iShares Silver Trust (SLV) rose by 5.4%.

Dow JonesNasdaq CompositeS&P 500$AMD$AME$AMZN$BETH$BITO$EEM$EETH$EQNR$EXI$FAS$FAZ$GLD$GOOG$GOOGL$HUT$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVO$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Equities

Equinor Q1 Adjusted Earnings Rise, Revenue Declines

Equinor (EQNR) reported Q1 adjusted earnings early Wednesday of $1.48 per share, up from $0.66 a year earlier.Analysts polled by FactSet expected $0.99.Revenue for the quarter ended March 31 was $27.84 billion, down from $29.92 billion a year ago.Analysts surveyed by FactSet expected $28.58 billion.For 2026, the oil major expects oil and gas production to increase 3% year-over-year, Equinor said.

$EQNR
Commodities

Equinor Starts Eirin Field, Boosts European Gas Supply

Equinor (EQNR) has brought the Eirin field online, unlocking about 27.6 million barrels of oil equivalent in recoverable resources, mainly gas, to support European supply, the company said in a Tuesday statement.The company is exporting gas from Eirin through the Gina Krog and Sleipner A platforms in the North Sea, strengthening flows from Norway to Europe, Equinor said.Equinor developed the subsea field in about three years from project launch to production start, the company noted.The company discovered Eirin in 1978 but shelved the project due to weak economics, then reassessed the field in 2023 as demand for Norwegian gas increased after Russia's invasion of Ukraine, it said.Equinor invested about 4.5 billion Norwegian kroner ($486.5 million) to develop the field, tying the subsea facility back to the Gina Krog platform and exporting gas via the Sleipner hub.The project will extend the Gina Krog platform's operational life to 2036 from 2029, supporting continued production and preserving associated jobs.Equinor electrified the Gina Krog platform in 2023, enabling low emissions from Eirin, with a carbon intensity of about 3 kilograms of CO2 per barrel of oil equivalent produced."The partnership saw an opportunity to contribute to Europe's energy security in a challenging time. We made an ambitious plan for a fast, cost effective and safe development," Linda Kada Hoiland, senior vice president at Equinor, said."Eirin will extend production from the Gina Krog platform by seven years," Hoiland said, adding that the project will deliver gas to Europe while supporting value creation and jobs linked to the asset.Price: $41.57, Change: $+0.25, Percent Change: +0.61%

$EQNR
Equities

Equinor Starts Production at Eirin Gas Field in North Sea

Equinor (EQNR) said Tuesday the Eirin field has begun production, exporting gas to Europe via the Gina Krog platform and Sleipner A platform.The company said the subsea project, developed on a fast timeline, is expected to deliver about 27.6 million barrels of oil equivalent, mostly gas.The development cost about 4.5 billion Norwegian Krone ($485.7 million) and is expected to extend the life of the Gina Krog field to 2036, the company said.Equinor said the project uses existing infrastructure and electrification, resulting in relatively low emissions of around 3 kg of CO2 per barrel produced.

$EQNR
Asia Markets

European Equities Traded in the US as American Depositary Receipts Start Week Lower

European equities traded in the US as American depositary receipts kicked off the week lower late Monday morning, falling 0.70% to 1,803.50 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and biopharmaceutical company argenx (ARGX), which climbed 8.1% and 1.9% respectively. They were followed by petroleum refiner Equinor (EQNR) and biopharmaceutical company Grifols (GRFS), which advanced 1.8% and 1.5% respectively.The decliners from continental Europe were led by pharmaceutical company Sanofi (SNY) and lender Banco Bilbao Vizcaya Argentaria (BBVA), which dropped 5.5% and 4.2% respectively. They were followed by medical device maker EDAP TMS (EDAP) and biopharmaceutical company Cellectis (CLLS), which lost 3.3% and 1% respectively.The gainers from the UK were led by biopharmaceutical company Akari Therapeutics (AKTX) and biotech firm Autolus Therapeutics (AUTL), which rose 9.2% and 2.8% respectively. They were followed by biopharmaceutical companies Biodexa Pharmaceuticals (BDRX) and Amarin (AMRN), which were up 2.3% and 2.2% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company NuCana (NCNA) and cruise line operator Carnival (CUK), which fell 2.2% and 1.6% respectively. They were followed by pharmaceutical company GSK (GSK) and biotech firm Trinity Biotech (TRIB), which were down 1.2% and 0.4% respectively.

$AKTX$AMRN$ARGX$AUTL$BBVA$BDRX$CLLS$CUK$EDAP$EQNR$GRFS$GSK$NCNA$SNY$SQNS$TRIB
Sectors

Sector Update: Energy Stocks Decline Premarket Monday

Energy stocks were declining premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.3% lower.The United States Oil Fund (USO) was marginally lower and The United States Natural Gas Fund (UNG) was 1% higher.Front-month US West Texas Intermediate crude oil was 0.4% higher at $102.32 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.8% to $110.13 per barrel, and natural gas futures were up 1.1% at $2.81 per 1 million British Thermal Units.Hess Midstream (HESM) shares were up more than 2% after the company posted higher Q1 earnings and revenue.Equinor (EQNR) is extending key supplier deals for drilling and well services with an aggregate value of about 17 billion Norwegian kroner ($1.83 billion), the company said. Equinor stock was up more than 1% premarket.ProPetro (PUMP) shares were down more than 5% after the company said it plans to offer $500 million in convertible senior notes due 2031 in a private placement, with an additional $75 million option for initial purchasers.

$EQNR$HESM$PUMP$UNG$USO$XLE
Treasury

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday as US-Iran Tensions Escalate Near Strait of Hormuz

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.3% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.03% in Monday's premarket activity as escalating tensions between the US and Iran near the Strait of Hormuz push oil prices higher.US stock futures were also lower, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.5%, and Nasdaq futures retreating 0.1% before the start of regular trading.The factory orders data for March will be released at 10 am ET.New York Federal Reserve President John Williams is slated to speak on Monday.In premarket activity, bitcoin was up by 0.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% higher, Ether ETF (EETH) advanced 1.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 0.3%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2%, while the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.4%. The iShares US Consumer Staples ETF (IYK) was 0.5% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) declined by 0.3%.Norwegian Cruise Line (NCLH) shares were down more than 7% pre-bell after the company lowered its outlook for 2026 adjusted earnings.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.1%, the Vanguard Health Care Index Fund (VHT) was down 0.4%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.2% lower.Evotec (EVO) stock was up more than 3% premarket after the company said it has nominated the first small molecule preclinical development candidate from its multi-target drug discovery collaboration in medical dermatology with Almirall.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.7% higher.CNA Financial (CNA) shares were down more than 2% pre-bell after the company reported lower Q1 core income.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.2%, while the Vanguard Industrials Index Fund (VIS) declined by 0.01% and the iShares US Industrials ETF (IYJ) was inactive.ADT (ADT) stock was down more than 2% before the opening bell after the company said it initiated a secondary public offering of 102 million shares held by entities managed by affiliates of Apollo Global Management (APO).EnergyThe iShares US Energy ETF (IYE) was down 0.4%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.5%.Equinor (EQNR) stock was up more than 2% before the opening bell after the company said it is extending key supplier deals for drilling and well services with an aggregate value of about 17 billion Norwegian kroner ($1.83 billion).TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained by 0.2%, and the iShares US Technology ETF (IYW) was 0.2% higher, while the iShares Expanded Tech Sector ETF (IGM) was down 0.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 0.01%, while the iShares Semiconductor ETF (SOXX) advanced by 0.01%.SAP (SAP) shares were up more than 1% in premarket activity after the company said it has agreed to acquire Dremio and Prior Labs in separate deals aimed at supporting its enterprise AI and data capabilities.CommoditiesFront-month US West Texas Intermediate crude oil rose by 3% to $105.10 per barrel on the New York Mercantile Exchange. Natural gas was up by 1.4% to $2.82 per 1 million British Thermal Units. The United States Oil Fund (USO) rose by 2%, while the United States Natural Gas Fund (UNG) was 1% higher.Gold futures for May were down by 1.7% at $4,567.80 an ounce on the Comex. Silver futures fell by 3.5% to $73.76 an ounce. SPDR Gold Shares (GLD) was 1.1% lower, and the iShares Silver Trust (SLV) declined by 2.8%.

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