Geopolitics Alpha

Equinor Profits Triple as Oil and Gas Prices Surge

Published . Updated .

ENERGYEquinor Profits Triple as Oil andGas Prices SurgeEQNRGEOPOLITICS ALPHA

This report is about oil and natural gas.

Directly affected

  • EQNR Equinor Asa+1.1% 11d

    Named in this report.

Indirectly affected

  • USO United States Oil Fund+4.8% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+6.5% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • UNG United States Natural Gas Fund-7.0% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas prices” (natural gas) in this story.

  • TIP iShares TIPS Bond ETF-0.5% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “prices surge” (inflation and prices) in this story.

  • XOM ExxonMobil Holdings+9.0% 13d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+7.9% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • COP ConocoPhillips+8.3% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • SHEL Shell+0.1% 13d

    Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EQNRNo price data for this ticker———————
USO-2.37%+3.62%baseafter closeafter closeafter closeafter close
XLE-0.12%+1.60%baseafter closeafter closeafter closeafter close
UNGNo price data for this ticker———————
TIPNo price data for this ticker———————
XOM-1.00%+1.85%baseafter closeafter closeafter closeafter close
CVX-0.66%+2.17%baseafter closeafter closeafter closeafter close
COP-1.53%+1.93%baseafter closeafter closeafter closeafter close
SHELNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Equinor Profits Triple as Oil and Gas Prices Surge Crude Oil Prices Today | OilPrice.com

Source: Crude Oil Prices Today | OilPrice.com

How far United States Oil Fund (USO) has moved since 28 Oct 2026

CompanyWhenMoveStatus
Conocophillips (COP)three days earlier+1.93%final price
Conocophillips (COP)five days earlier-1.53%final price
Chevron (CVX)three days earlier+2.17%final price
Chevron (CVX)five days earlier-0.66%final price
United States Oil Fund (USO)three days earlier+3.62%final price
United States Oil Fund (USO)five days earlier-2.37%final price
Select Sector Spdr Tr (XLE)three days earlier+1.60%final price
Select Sector Spdr Tr (XLE)five days earlier-0.12%final price
ExxonMobil Holdings (XOM)three days earlier+1.85%final price
ExxonMobil Holdings (XOM)five days earlier-1.00%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Companies in energy around United States Oil Fund (USO)

Companies tied to this story

  • USO United States Oil Fund

    In “Equinor Profits Triple as Oil and Gas Prices Surge,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Equinor Profits Triple as Oil and Gas Prices Surge.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • UNG United States Natural Gas Fund

    For “Equinor Profits Triple as Oil and Gas Prices Surge,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas prices” (natural gas) in this story

  • TIP Ishares Tr

    In “Equinor Profits Triple as Oil and Gas Prices Surge,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “prices surge” (inflation and prices) in this story

  • XOM ExxonMobil Holdings

    In “Equinor Profits Triple as Oil and Gas Prices Surge,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • CVX Chevron

    For “Equinor Profits Triple as Oil and Gas Prices Surge,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • COP Conocophillips

    Conocophillips (COP) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Equinor Profits Triple as Oil and Gas Prices Surge.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • SHEL Shell

    For “Equinor Profits Triple as Oil and Gas Prices Surge,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

United States Oil Fund (USO) and the energy link

The 28 Oct 2026 story “Equinor Profits Triple as Oil and Gas Prices Surge” names United States Oil Fund (USO) because of Energy.

What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

Price levels for United States Oil Fund (USO)

UNG traded between 9.31 and 11.43 across 20 sessions. The latest close on file is 9.63. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 163.62. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.23.

A simple score for United States Oil Fund (USO)

46 out of 100

“Equinor Profits Triple as Oil and Gas Prices Surge” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.