Equinor Shares Go Ex-Dividend Today With $0.39 Payout

BP agreed to sell its 37.2% stake in Canada’s Bay du Nord offshore oil project to partner Equinor, making Equinor the sole owner, according to the companies. Financial terms were not disclosed. Equinor plans a final investment decision in early 2027. The project targets first oil in 2031 and requires about C$14 billion investment, with expected initial output of over 400 million barrels.

Equinor and SLB signed a multi-year reservoir stimulation services deal for Norway’s NCS. The agreement upgrades SLB’s well stimulation vessel Island Captain to be fully proppant-capable, adding proppant storage, handling and blending systems, higher pumping capacity, and deck changes. After conversion, it can carry up to 2 million pounds of proppant, supporting high-intensity treatments for tight reservoirs.

SLB and Equinor signed a multi-year reservoir stimulation services agreement for Norway’s Norwegian Continental Shelf. The deal includes upgrading SLB’s MV Island Captain to a fully proppant-capable vessel, with expanded storage, handling and blending, higher pumping capacity, and deck changes. After conversion it can carry up to 2 million pounds of proppant to support high-intensity treatments.

Equinor reported Q2 adjusted operating income up more than 75% year over year, attributing most of the increase to higher oil and gas prices linked to the Middle East conflict, according to the Wall Street Journal. The company also increased its share buyback program. The article also cites Iberdrola’s planned $2.3 billion purchase of 80% of Finland’s Caruna Group.

Growing conflict in the Middle East has significantly altered global energy trading channels in 2026, leading to a steep gap between vulnerable producers and protected operators. Equinor ASA (NYSE:EQNR) emerged as a key beneficiary of this geopolitical tension during the second quarter, with its average realized crude oil price rising significantly to $97.90 per barrel, up from $63 per barrel the previous year.

Equinor (EQNR) shares rose 6.7% after the company reported strong Q2 results and announced shareholder returns. Adjusted operating income was $11.48B, net income $4.84B, and adjusted EPS $1.33. Equinor declared a $0.39 dividend and started a Q3 2026 buyback tranche up to $1.125B, citing higher oil and gas prices.