On July 23, Equinor ASA rose 3.08% in regular trading, trading at $41.21/share, with turnover of $16.68 million. The stock continued its upward momentum following the prior session's 5% surge.

On the news front, the company reported Q2 adjusted earnings of $1.33 per diluted share, representing a 107.81% year-over-year increase from $0.64. Revenue reached approximately $35.18 billion, up 39.8% from $25.15 billion a year earlier. While EPS slightly missed the analyst consensus estimate of $1.39, the substantial profit improvement bolstered sentiment. The board declared a cash dividend of $0.39 per share and initiated a third tranche of its share buyback program of up to $1.13 billion, commencing July 23 and ending no later than October 26. The company has doubled its full-year buyback target to $3 billion. Additionally, RBC upgraded the stock to Sector Perform from Underperform, raising its price target to NOK420 from NOK360.

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