Business · 22 July 2026

Equinor profits double to $11.5bn after war on Iran

Norway's state oil company, Equinor, saw its profits nearly double to $11.5 billion (£8.6 billion) in the three months to June, boosted by higher oil and gas prices. The UK's largest gas provider expanded its output when the war against Iran began, addressing a market deficit. Climate group Uplift criticised Equinor for making billions while UK households struggle with energy bills.

By BriefTea Editorial · 22 July 2026 at 15:52

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