Equinor has reported higher-than-expected profits for the first quarter of 2023, primarily due to high production in Norway and strong operational performance. The company’s adjusted earnings before tax for the period reached $7.53 billion, surpassing analyst estimates of $7.2 billion despite lower gas prices. The decline in gas prices was partially offset by increased oil prices and production growth. Equinor’s production on the Norwegian continental shelf remained high, and its international portfolio contributed to solid production growth.