Equinor doubles Afrodite gas estimate. Equinor stock sits 3.02 percent below its high

Published on 10/29/2026 at 10:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Afrodite volumes reach 77-180 million barrels of oil equivalent. Equinor stock costs EUR 42.40 on October 29, 2026, 3.02 percent below the 52-week high.

Gas volumes and quarterly strength

Equinor reported more than twice the previously estimated Afrodite recoverable volumes on October 29, 2026.
Adjusted operating income reached USD 12.35 billion in the third quarter of 2026.
Equinor stock stood at EUR 42.40 at 9:03 p.m. Berlin time at Tradegate on October 29, 2026.

Equinor, NO0010096985, Illustration mit AI erstellt.

Equinor ASA (NO0010096985) said on October 29, 2026, that a new appraisal well at the Afrodite discovery showed recoverable gas and condensate volumes of 77 million to 180 million barrels of oil equivalent, more than twice the previous estimate. The finding is commercially viable, and Equinor plans to examine a subsea tieback to the Kvitebjørn platform, according to the company's original release.

Afrodite adds scale to exploration

The appraisal result expands the resource picture in a mature area of the Norwegian continental shelf. Equinor said the reservoir has low permeability, so gas flows slowly and the development concept requires further analysis.

The company is the production-licence operator, while Wellesley operates the appraisal well. If developed, the gas could move through existing infrastructure to the Kollsnes processing plant and then to European customers.

What does the discovery add?

The latest announcement follows a stronger third quarter. Equinor reported adjusted operating income of USD 12.35 billion, net operating income of USD 11.95 billion and net income of USD 2.54 billion for the third quarter of 2026. Cash flow from operations after taxes paid reached USD 8.14 billion, while production rose 2 percent year over year, according to Equinor's results release.

Three recent operating milestones

On October 14, 2026, Equinor and partners reported an Oseberg-area discovery with 19 million to 50 million barrels of recoverable oil equivalent, as stated in Equinor's release. On October 28, 2026, the company reported USD 12.35 billion of adjusted operating income for the third quarter. The October 29 Afrodite appraisal then lifted recoverable volumes to 77 million to 180 million barrels of oil equivalent.

Upcoming dates for investors

Equinor lists November 13, 2026, as the ex-dividend date on the Oslo Stock Exchange and November 25, 2026, as the next payment date. The company has scheduled fourth-quarter and full-year 2026 results for February 4, 2027.

Stock price and resource outlook

The last available euro price from Tradegate stood at EUR 42.40 on October 29, 2026, at 9:03 p.m. Berlin time, according to Onvista. The same page lists a 52-week range of EUR 18.87 to EUR 43.72 and market capitalization of EUR 101.5 billion.

The further course of trading is shown by the continuously updated real-time quote of Equinor stock.