Equinor has outlined its operational expectations for 2026, targeting organic capital expenditures of around $13 billion alongside a 3% increase in oil and gas production compared to 2025 levels. The company aims to maintain its unit of production cost within the top quartile of its peer group, ensuring competitive efficiency as it scales output. Scheduled maintenance activities are projected to reduce equity production by approximately 35 mboe per day throughout the full year of 2026.

Capital Expenditure and Production Targets

The company's financial strategy for 2026 focuses on disciplined investment, with organic capex anchored at the $13 billion mark. This spending plan supports the anticipated growth in hydrocarbon output, which is set to rise by 3% year-over-year. Equinor emphasizes its commitment to cost leadership, striving to keep production costs in the top quartile relative to industry peers.

Operational Impact of Maintenance

While production volumes are set to expand, operational efficiency will be influenced by scheduled maintenance. The company estimates that these activities will lower equity production by about 35 mboe per day in 2026. This figure represents the aggregate impact of maintenance-related downtime across the company's asset portfolio for the year.

Equinor ASA has declared a cash dividend of $0.39 per share for the second quarter of 2026, payable to shareholders on 25 November 2026. The dividend, announced in USD, was approved by the company's board on 21 July 2026. The payment will be made to shareholders holding the stock as of the record date.

The dividend schedule includes key dates for shareholders on both the Oslo Børs and the New York Stock Exchange. The last day to purchase shares and still be entitled to the dividend is 12 November 2026. The ex-date for Oslo Børs is 13 November 2026, while the ex-date for the New York Stock Exchange is 16 November 2026, which also serves as the record date.

Equinor ASA noted that the cash dividend per share in Norwegian Krone (NOK) will be communicated on 20 November 2026. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Key Dividend Dates