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MARKETS / NYSE / Energy / Petroleum refining / EQNR
NYSE · PETROLEUM REFINING · LARGE CAP

Equinor ASA EQNR

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$106.5B
▲ 2.6% YoY
$5.0B
▼ 42.7% YoY
$6.0B
▼ 18.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Equinor produces around two million barrels of oil equivalent daily, with two-thirds of its equity production coming from the Norwegian continental shelf. Its portfolio also encompasses renewables and low carbon solutions alongside oil and gas. It has expanded into onshore renewables and energy storage, building positions in markets including Poland, Denmark, the UK, the US, and Brazil. It refines and markets crude oil and natural gas, including the Norwegian state's share from the Norwegian continental shelf, exporting petrol, diesel, gas, and heating oil to continental Europe, the UK, North America, Asia, and Africa. Danske Commodities, wholly owned by Equinor, trades power, gas, and certificates across 40 markets worldwide, connecting producers with large-scale consumers in wholesale markets. It operates the world's first commercial cross-border CO2 transport and storage facility. It was founded in 1972 and is headquartered in Stavanger, Norway.

Written from the business description in EQUINOR ASA's annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth

USD 106.5B
Revenue, FY2025 · full 11-year series below
Revenue $B Net income $B
FY2025 · Revenue 106.5 · Net income 5.0
100B200B
20152018202120242025
Compound annual growth
−11.0%
+18.4%
+6.0%
−44.0%
−40.1%
−4.1%
+15.8%
+7.2%
+25.9%
+14.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +18.4% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 23.8% · Net 4.8%
20%40%-5%-10%
201520202025
ROE
FY2025 · ROE 12.2%
20%40%60%-5%-10%
201520202025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin48.2%
Operating margin23.8%
Net margin4.8%
EBITDAUSD 35.2B

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders

USD 10.7B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 6.0
10B20B-2B-3B
201520202025
Net buybacks $B Dividends $B
FY2025 · Dividends 4.8 · Net buybacks 5.9
10B20BDividendsNet buybacks
201520172019202120232025
Dividends paidUSD 4.8B
Net buybacksUSD 5.9B
Share of profit212.3%
Consecutive raises·

USD 4.8B in dividends and USD 5.9B in buybacks — 212% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 131.7B
EquityUSD 40.4B
CashUSD 5.0B

Equity funds 31% of total assets.

The 11-year record

11 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
EQNR, 11-year financial record
Metric 20252024202320222021202020192018201720162015
Revenue $B106.5103.8107.2150.890.945.864.479.661.245.959.6
Operating income $B25.430.935.878.833.7−3.49.320.113.80.11.4
EBITDA $B35.240.645.187.744.16.122.529.422.411.618.1
Income tax $B20.022.226.049.923.01.27.411.38.82.75.2
Net income $B5.08.811.928.78.6−5.51.87.54.6−2.9−5.2
Free cash flow $B6.07.318.726.420.81.93.58.34.0−3.4−1.9
EPS, diluted $1.943.113.939.032.63−1.690.552.271.40−0.91−1.63
Dividend / sh $1.482.803.601.680.560.71◌◌◌◌◌
Payout %9597921921−421813532−64−55
ROE %12.219.423.261.823.5−14.74.418.212.3−7.8−12.9

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 37 reconciliationsAUDITED

Reconciled in 11 of the 11 fiscal years we could check. 18 checks were skipped: the balance sheet is not tagged before 2016. Eight checks were skipped: EPS is not tagged before 2015. Eight checks were skipped: revenue is not tagged before 2015.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPetroleum Refining
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2015

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