Equinor ASA (EQNR) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.257 Hello and welcome to Equinor Analyst Call Q2. 00:00:03.257 -- 00:00:07.025 I would like to turn the call over to Bård Glad Pedersen, Head of Investor Relations. 00:00:07.025 -- 00:00:09.085 Bård, you may begin. 00:00:09.085 -- 00:00:12.146 Thank you, operator, and good morning, all. 00:00:12.146 -- 00:00:17.289 Thank you for joining the analyst call for Equinor's second quarter 00:00:17.289 -- 00:00:22.511 results. Our CFO, Torgrim Reitan, will, as usual, 00:00:22.511 -- 00:00:27.333 present the results before we open for a Q&A. 00:00:27.333 -- 00:00:33.243 You can already now sign up for questions by pressing star one on your phone. 00:00:33.243 -- 00:00:37.146 We plan to complete the session within 00:00:37.146 -- 00:00:43.730 one hour in total. And with that, I hand it to you, Torgrim, to take us through the results. 00:00:43.730 -- 00:00:49.033 Thank you, Bård, and good morning, and thank you for joining us, and I hope you are 00:00:49.033 -- 00:00:52.054 all enjoying your summer. 00:00:52.437 -- 00:00:58.021 Today, it is five weeks since our Capital Markets Day, where we shared 00:00:58.021 -- 00:01:03.805 with you our updated plans to deliver more energy, growing cash flow 00:01:03.805 -- 00:01:08.889 and superior returns. We showed you an improved portfolio, 00:01:08.889 -- 00:01:13.331 delivering production growth of 150,000 barrels per day to 2030. 00:01:15.205 -- 00:01:18.826 A growth in cash flow from operations of 30% 00:01:18.826 -- 00:01:21.647 and an industry-leading 15% 00:01:21.647 -- 00:01:25.708 return on capital employed. 00:01:26.269 -- 00:01:31.831 With this, we expect to deliver over $40 billion in free cash flow towards 00:01:31.831 -- 00:01:33.331 2030. 00:01:33.331 -- 00:01:39.133 And not to forget, we pre...