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E

Equinor A EQNR.OL · NOK

Energy · Oslo Børs · 🇳🇴 Norway

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384.70

-2.58%

Close of 9 Nov 2026, in NOK

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$105.83bn

FY2016FY2025

Net income

$5.04bn

FY2016FY2025

Free cash flow

$5.98bn

FY2016FY2025

Shareholders' equity

$40.42bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$105.83bn$102.50bn$106.85bn$149.00bn$88.74bn$45.75bn$62.91bn$78.56bn$60.97bn$45.69bn
Gross profit$50.66bn$52.46bn$48.09bn$88.81bn$41.87bn$9.53bn$20.18bn$30.79bn$24.11bn$12.63bn
Research and development——$311.0m$308.0m$291.0m$254.0m$300.0m$315.0m$307.0m$298.0m
Operating income$25.35bn$30.93bn$35.77bn$78.81bn$33.66bn−$3.42bn$9.30bn$20.14bn$13.77bn$80.0m
Net income$5.04bn$8.81bn$11.88bn$28.75bn$8.56bn−$5.50bn$1.84bn$7.54bn$4.59bn−$2.92bn
Diluted earnings per share1.823.184.019.152.64-1.690.552.261.37-0.91

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$131.73bn$131.14bn$143.58bn$158.02bn$147.12bn$121.97bn$118.06bn$112.51bn$111.10bn$104.53bn
Cash and short-term investments$19.33bn$21.24bn$38.87bn$45.45bn$33.28bn$18.62bn$12.60bn$14.60bn$12.84bn$13.30bn
Total liabilities$91.23bn$88.76bn$95.08bn$104.03bn$108.10bn$88.08bn$76.90bn$69.52bn$71.22bn$69.43bn
Debt$27.69bn$26.67bn$31.80bn$32.17bn$36.24bn$38.12bn$29.03bn$25.73bn$28.27bn$31.67bn
Shareholders' equity$40.42bn$42.34bn$48.49bn$53.99bn$39.01bn$33.87bn$41.14bn$42.97bn$39.86bn$35.07bn
Shares outstanding2,767m2,767m2,961m3,141m3,249m3,257m3,322m3,329m3,343m3,219m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$19.97bn$20.11bn$24.70bn$35.14bn$28.82bn$10.39bn$13.75bn$19.69bn$14.36bn$9.03bn
Capital spending−$13.99bn−$12.18bn−$10.57bn−$8.76bn−$8.04bn−$8.48bn−$10.20bn−$11.37bn−$10.76bn−$12.19bn
Free cash flow$5.98bn$7.93bn$14.13bn$26.38bn$20.78bn$1.91bn$3.54bn$8.33bn$3.61bn−$3.16bn
Dividends paid−$4.79bn−$8.58bn−$10.91bn−$5.38bn−$1.80bn−$2.33bn−$3.34bn−$2.67bn−$1.49bn−$1.88bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$34.52bn$27.82bn$25.30bn$26.02bn$25.13bn$29.38bn$26.54bn$25.42bn
Gross profit$15.87bn$12.33bn$12.23bn$12.10bn$12.39bn$13.94bn$13.67bn$9.99bn
Operating income$12.86bn$8.80bn$5.49bn$5.27bn$5.72bn$8.87bn$8.73bn$6.91bn
Net income$4.85bn$3.11bn$1.31bn−$211.0m$1.31bn$2.63bn$2.00bn$2.28bn
Diluted earnings per share1.751.120.47-0.080.470.950.720.82
Cash from operations$9.47bn$5.21bn$19.97bn$17.86bn$11.52bn$9.04bn$20.11bn$7.06bn
Capital spending−$2.87bn−$3.12bn−$13.99bn−$9.85bn−$6.43bn−$3.03bn−$12.18bn−$3.10bn
Free cash flow$6.60bn$2.10bn$5.98bn$8.02bn$5.09bn$6.01bn$7.93bn$3.96bn
Total assets$140.90bn$141.15bn$131.73bn$135.85bn$139.09bn$137.90bn$131.14bn$135.12bn
Cash and short-term investments——$19.33bn$22.39bn$23.80bn$24.85bn$23.45bn$28.91bn
Debt$21.59bn$22.16bn$25.98bn$25.07bn$24.50bn$22.74bn$21.62bn$29.60bn
Shareholders' equity$43.06bn$43.57bn$40.42bn$40.52bn$41.92bn$45.82bn$42.34bn$44.35bn

Financial ratios

Data as of 14 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin47.9%51.2%45.0%59.6%47.2%20.8%——
Operating margin24.0%30.2%33.5%52.9%37.9%-7.5%——
Net margin4.8%8.6%11.1%19.3%9.6%-12.0%——
Return on equity12.5%20.8%24.5%53.2%22.0%-16.2%——
Return on assets3.8%6.7%8.3%18.2%5.8%-4.5%——
Free cash flow yield—2.8%2.8%3.3%2.7%1.4%1.7%—
Revenue growth3.2%-4.1%-28.3%67.9%94.0%-27.3%——
Earnings growth-42.7%-25.9%-58.7%235.7%-255.8%-398.2%——
Current ratio1.27x1.48x1.71x1.78x1.60x1.62x——
Debt to equity0.63x0.58x0.61x0.55x0.87x1.13x——
Equity ratio30.7%32.3%33.8%34.2%26.5%27.8%——
Interest coverage1408.44x631.16x31.88x57.15x43.78x-2.46x——
R&D as a share of sales——0.3%0.2%0.3%0.6%0.5%0.4%
Buybacks as a share of market value—6.6%5.7%3.3%0.2%2.0%0.2%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-10.8%18.3%7.2%
Operating income-31.5%—31.1%
Net income-44.0%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin49.5%51.7%48.7%43.7%
Operating margin27.0%36.8%33.6%27.4%
Net margin6.6%11.7%9.6%7.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020
Price to earnings14.29.18.74.29.8-9.3
Price to sales0.70.81.00.80.91.1

Dividends and splits

Per share, in the currency the company pays

Paid for 24 years. Last went ex-dividend on 13 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.7771.481.401.200.800.630.561.04

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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