Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops wind, and carbon capture and storage projects, as well as offers other renewable energy. As of December 31, 2021, the company had proved oil and gas reserves of 5,356 million barrels of oil equivalent. Equinor ASA has collaboration agreements with Vårgrønn; and RWE Renewables and Hydro REIN. 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.

Equinor ASA

Income Before Tax

Income Before Tax %Chg

Income Before Tax Common Size

Depreciation, Amortisation and Net Impairment

Depreciation, Amortisation and Net Impairment %Chg

Depreciation, Amortisation and Net Impairment Common Size

Exploration Expenditures Written Off (Net)

Exploration Expenditures Written Off (Net) %Chg

Exploration Expenditures Written Off (Net) Common Size

Exploration Expenditures Written Off

Exploration Expenditures Written Off %Chg

Exploration Expenditures Written Off Common Size

Depreciation, Amortisation and Net Impairments, Including Exploration Write-Offs

Depreciation, Amortisation and Net Impairments, Including Exploration Write-Offs %Chg

Depreciation, Amortisation and Net Impairments, Including Exploration Write-Offs Common Size

Gains on Foreign Currency Transactions and Balances

Gains on Foreign Currency Transactions and Balances %Chg

Gains on Foreign Currency Transactions and Balances Common Size

Gains on Sale of Assets and Businesses

Gains on Sale of Assets and Businesses %Chg

Gains on Sale of Assets and Businesses Common Size

Change in Other Items Related to Operating Activities

Change in Other Items Related to Operating Activities %Chg

Change in Other Items Related to Operating Activities Common Size

Change in Net Derivative Financial Instruments

Change in Net Derivative Financial Instruments %Chg

Change in Net Derivative Financial Instruments Common Size

Cash Collaterals for Commodity Derivative Transactions

Cash Collaterals for Commodity Derivative Transactions %Chg

Cash Collaterals for Commodity Derivative Transactions Common Size

Interest Received

Interest Received %Chg

Interest Received Common Size

Interest Paid

Interest Paid %Chg

Interest Paid Common Size

Cash Flows Provided by Operating Activities Before Taxes Paid and Working Capital Items

Cash Flows Provided by Operating Activities Before Taxes Paid and Working Capital Items %Chg

Cash Flows Provided by Operating Activities Before Taxes Paid and Working Capital Items Common Size

Taxes Paid

Taxes Paid %Chg

Taxes Paid Common Size

Change in Working Capital

Change in Working Capital %Chg

Change in Working Capital Common Size

Cash Flows Provided by Operating Activities

Cash Flows Provided by Operating Activities %Chg

Cash Flows Provided by Operating Activities Common Size

Cash Received in Business Combinations

Cash Received in Business Combinations %Chg

Cash Received in Business Combinations Common Size

Capital Expenditures and Investments

Capital Expenditures and Investments %Chg

Capital Expenditures and Investments Common Size

Change in Financial Investments

Change in Financial Investments %Chg

Change in Financial Investments Common Size

Change in Other Non-Current Items

Change in Other Non-Current Items %Chg

Change in Other Non-Current Items Common Size

Change in Non-Current Loans Granted and Other Non-Current Items

Change in Non-Current Loans Granted and Other Non-Current Items %Chg

Change in Non-Current Loans Granted and Other Non-Current Items Common Size

Change in Derivative Financial Instruments

Change in Derivative Financial Instruments %Chg

Change in Derivative Financial Instruments Common Size

Change in Other Interest-Bearing Items

Change in Other Interest-Bearing Items %Chg

Change in Other Interest-Bearing Items Common Size

Change in Other Interest Bearing Items

Change in Other Interest Bearing Items %Chg

Change in Other Interest Bearing Items Common Size

Proceeds from Sale of Assets and Businesses

Proceeds from Sale of Assets and Businesses %Chg

Proceeds from Sale of Assets and Businesses Common Size

Cash Flows Provided by Investing Activities

Cash Flows Provided by Investing Activities %Chg

Cash Flows Provided by Investing Activities Common Size

New Finance Debt

New Finance Debt %Chg

New Finance Debt Common Size

Repayment of Finance Debt

Repayment of Finance Debt %Chg

Repayment of Finance Debt Common Size

Repayment of Lease Liabilities

Repayment of Lease Liabilities %Chg

Repayment of Lease Liabilities Common Size

Dividends Paid

Dividends Paid %Chg

Dividends Paid Common Size

Share Buy-Back

Share Buy-Back %Chg

Share Buy-Back Common Size

Net Current Finance Debt and Other Financing Activities

Net Income

Net Income %Chg

Net Income Common Size

Depreciation & Amortization

Depreciation & Amortization %Chg

Depreciation & Amortization Common Size

Other Adjustments

Other Adjustments %Chg

Other Adjustments Common Size

Changes in Other Operating Activities

Changes in Other Operating Activities %Chg

Changes in Other Operating Activities Common Size

Cash from Operating Activities

Cash from Operating Activities %Chg

Cash from Operating Activities Common Size

Capital Expenditure

Capital Expenditure %Chg

Capital Expenditure Common Size

Purchases of Investments

Purchases of Investments %Chg

Purchases of Investments Common Size

Proceeds from Business Divestments

Proceeds from Business Divestments %Chg

Proceeds from Business Divestments Common Size

Other Investing Activities

Other Investing Activities %Chg

Other Investing Activities Common Size

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Operating Activities	Jun '25	Mar '25	Dec '24	Jun '24	Mar '24	Dec '23
Net Income	5,759	8,893	8,187	7,530	7,998	9,337
Income Before Tax
Depreciation & Amortization	3,427	2,310	2,807	2,346	2,426	2,849
Depreciation, Amortisation and Net Impairment
Depreciation, Amortisation and Net Impairments, Including Exploration Write-Offs
Other Adjustments	-7,247	-3,809	-7,486	-7,778	-4,583	-9,398
Exploration Expenditures Written Off (Net)
Exploration Expenditures Written Off
Exploration Expenditures Written Off
Gains on Foreign Currency Transactions and Balances
Gains on Sale of Assets and Businesses
Change in Other Items Related to Operating Activities
Change in Net Derivative Financial Instruments
Cash Collaterals for Commodity Derivative Transactions
Interest Received
Interest Paid
Taxes Paid
Changes in Other Operating Activities	540	1,647	-1,486	-286	3,181	-51
Change in Working Capital
Cash from Operating Activities	2,477	9,041	2,022	1,811	9,021	2,736
Cash Flows Provided by Operating Activities

Investing Activities	Jun '25	Mar '25	Dec '24	Jun '24	Mar '24	Dec '23
Capital Expenditure	-3,401	-3,027	-3,646	-2,950	-2,483	-3,031
Capital Expenditures and Investments
Purchases of Investments	3,916	-1,379	3,295	4,185	507	-3,010
Change in Financial Investments
Proceeds from Business Divestments	340	83	1,355	50	60	154
Proceeds from Sale of Assets and Businesses
Other Investing Activities	25	307	-1,199	-651	-256	313
Cash Received in Business Combinations
Change in Other Non-Current Items
Change in Non-Current Loans Granted and Other Non-Current Items
Change in Derivative Financial Instruments
Change in Other Interest-Bearing Items
Change in Derivative Financial Instruments
Change in Other Interest Bearing Items
Cash from Investing Activities	880	-4,016	-196	633	-2,172	-5,574
Cash Flows Provided by Investing Activities

Financing Activities	Jun '25	Mar '25	Dec '24	Jun '24	Mar '24	Dec '23
Issuance of Long-Term Debt	2,135	1,507	—	—	—	—
New Finance Debt
Repayments of Long-Term Debt	-1,255	—	-502	—	-1,900	-342
Repayment of Finance Debt
Net Issuance / (Repayments) of Long-Term Debt	880	1,507	-502	—	-1,900	-342
Repurchases of Common Shares	-265	-549	-501	-398	-550	-518
Share Buy-Back
Net Issuance / (Repurchases) of Common Shares	-265	-549	-501	-398	-550	-518
Common Share Dividends Paid	-1,024	-1,911	-1,913	-2,072	-2,649	-2,706
Dividends Paid
Other Financing Activities	-1,070	-2,676	1,114	-846	-1,529	1,395
Repayment of Lease Liabilities
Net Current Finance Debt and Other Financing Activities
Cash from Financing Activities	-1,480	-3,629	-1,802	-3,315	-6,627	-2,171
Cash Flows Provided by Financing Activities

Free Cash Flow	Jun '25	Mar '25	Dec '24	Jun '24	Mar '24	Dec '23
Free Cash Flow	-924	6,014	-1,624	-1,139	6,538	-295
NOPAT	1,305.6	2,465.9	1,859.6	1,884.7	2,535	2,384.8
Levered Free Cash Flow	2,759	5,064	-831	971	3,892	2,028
Unlevered Free Cash Flow	1,871.6	3,395.9	-465.4	994.7	5,659	2,151.8
Net Change in Cash	1,877	1,396	24	-871	222	-5,009