Equinor ASA shares declined on June 12 as crude oil prices retreated. Reports of a potential U.S.-Iran peace agreement triggered the drop in oil prices. This potential deal could ease supply concerns and reopen the Strait of Hormuz.
The sector-wide sell-off offset positive company-specific developments. TD Cowen recently raised its price target for Equinor. Analysts expect a significant share buyback increase at the upcoming Capital Markets Day.
Equinor’s 2026 Energy Perspectives report also dampened investor sentiment. The internal report warned of risks stemming from geopolitical fragmentation.