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

Revenues

Revenues %Chg

Revenues Common Size

Net Income from Equity Accounted Investments

Net Income from Equity Accounted Investments %Chg

Net Income from Equity Accounted Investments Common Size

Other Income

Other Income %Chg

Other Income Common Size

Total Revenues and Other Income

Total Revenues and Other Income %Chg

Total Revenues and Other Income Common Size

Purchases [Net of Inventory Variation]

Purchases [Net of Inventory Variation] %Chg

Purchases [Net of Inventory Variation] Common Size

Operating and Administrative Expenses

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Operating and Administrative Expenses Common Size

Operating Expenses

Operating Expenses %Chg

Operating Expenses Common Size

Selling, General and Administrative Expenses

Selling, General and Administrative Expenses %Chg

Selling, General and Administrative Expenses Common Size

Depreciation, Amortisation and Net Impairment Losses

Depreciation, Amortisation and Net Impairment Losses %Chg

Depreciation, Amortisation and Net Impairment Losses Common Size

Exploration Expenses

Exploration Expenses %Chg

Exploration Expenses Common Size

Total Operating Expenses

Total Operating Expenses %Chg

Total Operating Expenses Common Size

Net Operating Income

Net Operating Income %Chg

Net Operating Income Common Size

Interest Income and Other Financial Income

Interest Income and Other Financial Income %Chg

Interest Income and Other Financial Income Common Size

Interest Expenses and Other Finance Expenses

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Interest Expenses and Other Finance Expenses Common Size

Other Financial Items

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Net Financial Items

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Net Financial Items Common Size

Income Before Tax

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Income Before Tax Common Size

Income Tax

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Income Tax Common Size

Net Income

Net Income %Chg

Net Income Common Size

Attributable to Equity Holders of the Company

Attributable to Equity Holders of the Company %Chg

Attributable to Equity Holders of the Company Common Size

Attributable to Non-Controlling Interests

Attributable to Non-Controlling Interests %Chg

Attributable to Non-Controlling Interests Common Size

Basic Earnings per Share

Basic Earnings per Share %Chg

Basic Earnings per Share Common Size

Diluted Earnings per Share

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Diluted Earnings per Share Common Size

Weighted Average Number of Ordinary Shares Outstanding

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Weighted Average Number of Ordinary Shares Outstanding Common Size

Weighted Average Number of Ordinary Shares Outstanding Diluted

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Weighted Average Number of Ordinary Shares Outstanding Diluted Common Size

Total Revenues

Total Revenues %Chg

Total Revenues Common Size

Cost of Sales

Cost of Sales %Chg

Cost of Sales Common Size

Gross Profit

Gross Profit %Chg

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Gross Profit Margin

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Gross Profit Margin Common Size

Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Other Operating Expenses

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Operating Profit

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Operating Margin

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Interest and Investment Income

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Interest Expense

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Non-Operating Income

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Total Non-Operating Income

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Income Before Provision for Income Taxes

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Provision for Income Taxes

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Provision for Income Taxes Common Size

Consolidated Net Income

Consolidated Net Income %Chg

Consolidated Net Income Common Size

Net Income Attributable to Minority Interests and Other

Net Income Attributable to Minority Interests and Other %Chg

Net Income Attributable to Minority Interests and Other Common Size

Net Income Attributable to Common Shareholders

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	Jun '25	Jun '24	Dec '23	Jun '23	Dec '22	Jun '22
Total Revenues	54,514	50,551	54,767	52,081	76,567	72,437
Total Revenues %Chg	-0.5%	-2.9%	-28.5%	-28.1%	38.6%	116.2%
Revenues
Cost of Sales	28,182	24,068	26,073	22,102	26,445	27,361
Purchases [Net of Inventory Variation]
Gross Profit	26,332	26,483	28,694	29,979	50,122	45,076
Gross Profit Margin	48.3%	52.4%	52.4%	57.6%	65.5%	62.2%
Selling, General & Administrative Expenses	652	690	698	520	499	487
Selling, General and Administrative Expenses
Depreciation & Amortization Expenses	5,731	4,693	6,191	4,443	2,233	4,158
Depreciation, Amortisation and Net Impairment Losses
Exploration Expenses	310	545	619	176	671	534
Exploration Expenses
Other Operating Expenses	5,595	5,391	5,295	5,287	5,419	4,189
Operating Expenses
Operating Profit	14,044	15,164	15,891	19,553	41,300	35,708
Operating Margin	25.8%	30%	29%	37.5%	53.9%	49.3%
Interest and Investment Income	661	1,099	1,186	1,262	1,691	151
Interest Income and Other Financial Income
Net Income from Equity Accounted Investments
Interest Expense	-676	-811	-780	-880	-786	-593
Interest Expenses and Other Finance Expenses
Non-Operating Income	624	74	507	1,145	-580	1,712
Other Financial Items
Other Income
Total Non-Operating Income	609	362	913	1,527	325	1,270
Income Before Provision for Income Taxes	14,651	15,527	16,803	21,081	41,625	36,979
Income Before Tax
Provision for Income Taxes	10,704	10,983	11,694	14,286	24,358	25,503
Income Tax
Consolidated Net Income	3,947	4,545	5,109	6,795	17,268	11,476
Net Income
Net Income Attributable to Minority Interests and Other	8	16	9	10	-12	9
Attributable to Non-Controlling Interests
Net Income Attributable to Common Shareholders	3,939	4,528	5,100	6,785	17,279	11,467
Attributable to Equity Holders of the Company
Basic EPS	1.5	1.6	1.7	2.2	5.5	3.6
Diluted EPS	1.5	1.6	1.7	2.2	5.5	3.6
Basic Weighted Average Shares Outstanding	2,670	2,894	2,962	3,080	3,140	3,208
Total Shares Outstanding	2,706.6	2,944.7	2,944.7	3,153	3,121.9	3,232.1
Diluted Weighted Average Shares Outstanding	2,676	2,899	2,968	3,086	3,149	3,217
EBITDA	19,781	19,936	22,215	23,863	43,533	39,866
Effective Tax Rate	73.1%	70.7%	69.6%	67.8%	58.5%	69%