Equinor ASA (EQNR)
Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments. The company engages in the discovery and appraisal of new resources, as well as commercial development and operation of the oil and gas portfolios; oil and gas field development, well deliveries, and sourcing; research, technology development, specialist advisory services, digitalization, IT, improvement, innovation, and ventures and future business; and developing, exploring, investing in, and operating areas within renewable energy, such as offshore wind, green hydrogen, storage solutions, and solar power. It is also involved in the marketing, trading, processing, and transportation of crude oil and condensate, natural gas, NGL and refined products, including refineries, terminals, and processing plant operation; power and emissions trading; development of transportation solutions for natural gas, liquids, and crude oil, including pipelines, shipping, trucking, and rail; and provision of low carbon solutions. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.
- Symbol
- EQNR
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Market cap
- $108.41B
- 52 week range
- 22.26 - 45.84
Valuation
- Share price
- $42.90 (close of 2026-09-23)
- P/E (TTM)
- 12.73x
- Price to book
- 2.67x
- Price to free cash flow
- 4.26x
- Enterprise value
- $131.25B
- Book value per share
- $16.06
Price performance
| Period | Change |
|---|
| 1 day | +0.96% |
| 5 days | -6.23% |
| 1 month | +0.09% |
| 3 months | +31.39% |
| 6 months | +8.97% |
| Year to date | +81.55% |
| 1 year | +71.67% |
| 3 years | +33.56% |
| 5 years | +78.23% |
| 10 years | +173.77% |
| All time | +474.30% |
Profitability and growth
- Return on equity
- 12.45%
- Return on invested capital
- 19.01%
- Return on assets
- 3.83%
- Gross margin
- 48.18%
- Net margin
- 4.74%
- EBITDA margin
- 33.05%
- Revenue growth
- 2.59%
- Net income growth
- -42.73%
- Free cash flow growth
- -17.99%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 23.48%
- Net debt to EBITDA
- 0.51x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $106.46B
- Cost of revenue
- $55.16B
- Gross profit
- $51.30B
- EBITDA
- $35.19B
- Net income
- $5.04B
- Earnings per share
- $1.94
- Research and development
- $352.00M
- Shares outstanding
- 2.59B
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $106.46B | $51.30B | $5.04B | $1.94 |
| 2024-12-31 | $103.77B | $53.73B | $8.81B | $3.12 |
| 2023-12-31 | $107.17B | $59.00B | $11.88B | $3.93 |
| 2022-12-31 | $150.81B | $97.00B | $28.75B | $9.06 |
| 2021-12-31 | $90.92B | $55.76B | $8.56B | $2.64 |
| 2020-12-31 | $45.82B | $24.83B | $-5.51B | $-1.69 |
| 2019-12-31 | $64.36B | $34.83B | $1.84B | $0.55 |
| 2018-12-31 | $79.59B | $41.08B | $7.54B | $2.27 |
| 2017-12-31 | $61.19B | $32.98B | $4.59B | $1.40 |
| 2016-12-31 | $45.87B | $24.37B | $-2.92B | $-0.91 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 48.18% | 4.74% | 12.45% | 19.01% |
| 2024-12-31 | 51.78% | 8.49% | 20.78% | 23.23% |
| 2023-12-31 | 55.05% | 11.09% | 24.51% | 24.76% |
| 2022-12-31 | 64.32% | 19.06% | 53.24% | 51.37% |
| 2021-12-31 | 61.33% | 9.42% | 21.94% | 27.47% |
| 2020-12-31 | 54.20% | -12.03% | -16.26% | -5.25% |
| 2019-12-31 | 54.11% | 2.86% | 4.48% | 7.15% |
| 2018-12-31 | 51.61% | 9.47% | 17.53% | 16.45% |
| 2017-12-31 | 53.89% | 7.50% | 11.51% | 10.80% |
| 2016-12-31 | 53.12% | -6.37% | -8.33% | 0.06% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $5.04B | $23.76B |
| 2024-12-31 | $5.90B | $19.36B |
| 2023-12-31 | $8.07B | $22.23B |
| 2022-12-31 | $9.45B | $24.14B |
| 2021-12-31 | $13.99B | $27.40B |
| 2020-12-31 | $6.76B | $29.12B |
| 2019-12-31 | $5.18B | $21.75B |
| 2018-12-31 | $7.56B | $23.26B |
| 2017-12-31 | $4.39B | $24.18B |
| 2016-12-31 | $5.09B | $28.00B |
Free cash flow by year
| Period end | Free cash flow |
|---|
| 2025-12-31 | $5.98B |
| 2024-12-31 | $7.29B |
| 2023-12-31 | $18.68B |
| 2022-12-31 | $26.38B |
| 2021-12-31 | $20.78B |
| 2020-12-31 | $1.91B |
| 2019-12-31 | $3.54B |
| 2018-12-31 | $8.33B |
| 2017-12-31 | $4.05B |
| 2016-12-31 | $-3.37B |
Dividend history
- Most recent payment
- 2026-08-14
- Paid in the last twelve months
- $1.52
| Payment date | Dividend per share |
|---|
| 2026-08-14 | $0.39 |
| 2026-05-15 | $0.39 |
| 2026-02-17 | $0.37 |
| 2025-11-14 | $0.37 |
| 2025-08-19 | $0.37 |
| 2025-05-16 | $0.37 |
| 2025-02-14 | $0.35 |
| 2024-11-19 | $0.70 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $1.38
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-22 | Jun/2026 | $1.38 |
| 2026-05-06 | - | - |
| 2026-02-04 | - | - |
| 2025-10-29 | - | - |
| 2025-07-23 | - | - |
| 2025-04-30 | - | - |
| 2025-02-05 | - | - |
| 2024-10-24 | - | - |
Filings and sources
- Company website
- equinor.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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