Norway’s oil and gas profits jumped 77% last quarter even as production rose just 3%, underscoring how higher prices, not volumes, drove the gain. Equinor’s ope

Norway’s oil and gas profits jumped 77% last quarter even as production rose just 3%, underscoring how higher prices, not volumes, drove the gain. Equinor’s operating income climbed to $11.48 billion from $6.5 billion, while cash flow nearly quadrupled.