Equinor is trading 4.2% up at $35.33 as the company benefits from a combination of rising crude prices and strategic capital return updates.
- Crude oil prices are climbing amid escalating US–Iran tensions, providing a supportive backdrop for the energy sector.
- The company announced it will take full ownership of the Bay du Nord offshore project in Canada alongside an expanded share buyback program for 2026.
- This combination of sector tailwinds and enhanced shareholder returns is driving outperformance relative to the mixed broader market.