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Norway’s national oil company profits double to $11.5bn amid war on Iran

Business · en

Norway’s national oil company profits double to $11.5bn amid war on Iran

The Guardian · Jul 22, 2026, 8:39 AM UTC

Equinor benefits from move to ramp up oil and gas production during strait of Hormuz blockades Business live – latest updates Profits at Norway’s state oil company nearly doubled to $11.5bn (£8.6bn) in the three months to the end of June, as earnings were boosted by the jump in oil and gas prices caused by the US-Israel war on Iran.…