Equinor (EQNR) reported Q2 adjusted earnings Wednesday of $1.33 per diluted share, up from $0.64 a year earlier.

Analysts polled by FactSet expected $1.38.

Revenue for the quarter that ended June 30 was $35.18 billion, up from $25.15 billion a year earlier.

Analysts surveyed by FactSet expected $34.03 billion.

The board has decided on a cash dividend of $0.39 per share for Q2.

The board has decided to initiate a third tranche of the share buy-back program of up to $1.13 billion for 2026. The tranche will commence on July 23 and end no later than Oct. 26.

Shares of the company traded 3.8% higher in premarket activity.