Equinor Profit Soars 93% as Oil and Gas Price Spike Fuels Windfall

Equinor (EQNR:NYSE) saw a 93% jump in its second-quarter profit from a year earlier as oil and gas prices soared during the Middle East crisis and delivered windfall earnings to the biggest energy firms.

The Norwegian major on Wednesday reported an adjusted operating income after tax of $3.225 billion for the second quarter, up by 93% from the $1.670 billion for the same period last year, and slightly lower than a company-provided analyst consensus estimate of $3.38 billion.

The adjusted operating income surged by 76% to $11.482 billion, up from…