Equinor will release its Q2 results on 23 July, and we expect an EBIT of USD 6.6bn, spot on current BB consensus. Should TTF average USD 12/mmBtu for the remainder of the year, a Brent price of USD 65/bbl will suffice to meet consensus in H2. We are 7% / 25% above cons. for H2 and 2026, mainly due to a more positive oil price view (model $70 Brent for H2 and $80 from 2026 and onwards). With some upside to cons. and room for richer valuation (260 NOK/sh implies 8.0x / 7.0x our 2025/26 EPS), we st ....