Energy · Oil & Gas Integrated
Price
$32.04
Market Cap
$81.2B
Employees
23,864
Beta
-0.75
Avg Volume
4,527,639
CEO
Anders Opedal
Business Description
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.
Business History
Price Overview
Price at report time · Jul 3, 4:48am (0m ago)
$32.04
Change · Jul 3
+0.83 (+2.66%)
Day Range
$31.62 – $32.19
52-Week Range
$22.26 – $43.46
50-Day MA
$36.69
200-Day MA
$30.00
Volume
2,863,693.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Analyst Price Targets
Low
$36.50
Consensus
$36.50
High
$36.50
(2 analysts)
Share Structure
Outstanding
2,534,912,128.00
Float
621,304,320.00
Free Float
24.5%
Low free float
— 24.5% of shares trade freely, ~75.5% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
14.40
Stock Price: $32.04
EPS (Diluted): 1.95
EPS (Diluted): 1.95
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.52
Stock Price: $32.04
Total Equity: $40.42B
Shares: 2,601,000,000
Total Equity: $40.42B
Shares: 2,601,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
2.81
Market Cap: $81.22B
Total Debt: $31.22B
Cash: $5.04B
EBITDA: $36.46B
Total Debt: $31.22B
Cash: $5.04B
EBITDA: $36.46B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$89.7B
Market Cap: $81.22B
Total Debt: $31.22B
Cash: $5.04B
Total Debt: $31.22B
Cash: $5.04B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
26.8%
Gross Profit: $28.50B
Revenue: $106.16B
Revenue: $106.16B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
25.7%
Operating Income: $27.28B
Revenue: $106.16B
Revenue: $106.16B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
4.8%
Net Income: $5.06B
Revenue: $106.16B
Revenue: $106.16B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
13.3%
Net Income: $5.06B
Total Equity: $40.42B
Total Equity: $40.42B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
5.3%
Operating Income: $27.28B
Tax Rate: 79.8%
Equity: $40.42B
Total Debt: $31.22B
Cash: $5.04B
Tax Rate: 79.8%
Equity: $40.42B
Total Debt: $31.22B
Cash: $5.04B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.24
Current Assets: $38.03B
Current Liabilities: $30.60B
Current Liabilities: $30.60B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.77
Short-Term Debt: $5.24B
Long-Term Debt: $25.98B
Total Debt: $31.22B
Total Equity: $40.42B
Long-Term Debt: $25.98B
Total Debt: $31.22B
Total Equity: $40.42B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$40.81
Revenue: $106.16B
Shares: 2,601,000,000
Shares: 2,601,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$15.54
Total Equity: $40.42B
Shares: 2,601,000,000
Shares: 2,601,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$2.31
Operating CF: $20.03B
CapEx: -$14.04B
Shares: 2,601,000,000
CapEx: -$14.04B
Shares: 2,601,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
7.8%
Last Dividend: N/A
Stock Price: $32.04
Stock Price: $32.04
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $5.06B
Net Income: $5.06B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares EQNR against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 3, 2026 4:48am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $88.7B | $149.0B | $106.8B | $102.5B | $106.2B |
| Cost of Revenue | $46.9B | $60.2B | $58.8B | $59.9B | $77.7B |
| Gross Profit | $41.9B | $88.8B | $48.0B | $42.6B | $28.5B |
| Operating Expenses | $8.2B | $10.0B | $12.3B | $11.7B | $1.2B |
| Operating Income | $33.7B | $78.8B | $35.8B | $30.9B | $27.3B |
| Net Income | $8.6B | $28.7B | $11.9B | $8.8B | $5.1B |
| EBITDA | $44.1B | $86.3B | $49.6B | $41.9B | $36.5B |
| EPS | $2.64 | $9.06 | $3.93 | $3.12 | $1.95 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 3, 2026 4:48am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $12.0B | $9.4B | $9.6B | $8.1B | $5.0B |
| Total Current Assets | $62.5B | $78.2B | $61.0B | $53.2B | $38.0B |
| Total Assets | $147.1B | $158.0B | $143.6B | $131.1B | $131.7B |
| Current Liabilities | $39.1B | $43.8B | $35.7B | $36.0B | $30.6B |
| Long-Term Debt | $27.4B | $24.1B | $22.2B | $19.4B | $26.0B |
| Total Liabilities | $108.1B | $104.0B | $95.1B | $88.8B | $91.2B |
| Total Equity | $39.0B | $54.0B | $48.5B | $42.3B | $40.4B |
| Retained Earnings | $36.7B | $58.2B | $56.5B | $52.4B | $48.0B |
Cash Flow (Annual)
Last updated: Jul 3, 2026 4:48am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $28.8B | $35.1B | $24.7B | $20.1B | $20.0B |
| Capital Expenditure | -$8.0B | -$8.8B | -$10.6B | -$12.2B | -$14.0B |
| Free Cash Flow | $20.8B | $26.4B | $14.1B | $7.9B | $6.0B |
| Acquisitions (net) | -$111.0M | $147.0M | -$1.2B | -$1.7B | $2.4B |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$321.0M | -$3.3B | -$5.6B | -$6.0B | -$5.9B |
| Net Change in Cash | $7.2B | $1.6B | -$5.9B | -$1.5B | -$867.0M |
Analyst Estimates (Annual)
Last updated: Jul 3, 2026 4:48am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$108.7B $102.9B – $116.9B
|
$102.8B $101.9B – $103.7B
|
$92.9B $82.8B – $107.0B
|
$92.2B $82.2B – $106.2B
|
| EBITDA |
$49.8B $47.2B – $53.6B
|
$47.1B $46.7B – $47.6B
|
$42.6B $38.0B – $49.0B
|
$42.3B $37.7B – $48.7B
|
| Net Income |
$9.4B $9.0B – $11.2B
|
$8.2B $8.0B – $10.6B
|
$9.0B $7.7B – $10.8B
|
$9.4B $8.0B – $11.2B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 3, 2026 4:48am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +67.9% | -28.3% | -4.1% | +3.6% |
| Gross Profit Growth | +112.1% | -45.9% | -11.3% | -33.2% |
| Operating Income Growth | +134.1% | -54.6% | -13.5% | -11.8% |
| Net Income Growth | +235.7% | -58.7% | -25.9% | -42.6% |
| EBITDA Growth | +95.7% | -42.5% | -15.4% | -13.1% |
Dividend History (Last 20)
Last updated: Jul 3, 2026 4:48am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-08-14 | $0.39 | 2026-05-06 | 2026-08-14 | 2026-08-27 |
| 2026-05-15 | $0.39 | 2026-02-05 | 2026-05-15 | 2026-05-27 |
| 2026-02-17 | $0.37 | 2026-01-20 | 2026-02-17 | 2026-02-27 |
| 2025-11-14 | $0.37 | 2025-10-22 | 2025-11-14 | 2025-11-26 |
| 2025-08-19 | $0.37 | 2025-04-29 | 2025-08-19 | 2025-08-29 |
| 2025-05-16 | $0.37 | 2025-04-08 | 2025-05-16 | 2025-05-28 |
| 2025-02-14 | $0.70 | 2025-01-27 | 2025-02-14 | 2025-02-28 |
| 2024-11-19 | $0.70 | 2024-07-23 | 2024-11-19 | 2024-11-29 |
| 2024-08-19 | $0.70 | 2024-07-24 | 2024-08-19 | 2024-08-28 |
| 2024-05-15 | $0.70 | 2024-03-26 | 2024-05-16 | 2024-05-28 |
| 2024-02-14 | $0.90 | 2024-01-24 | 2024-02-15 | 2024-02-27 |
| 2023-11-14 | $0.90 | 2023-10-17 | 2023-11-15 | 2023-11-28 |
| 2023-08-14 | $0.90 | 2023-05-03 | 2023-08-15 | 2023-08-25 |
| 2023-05-11 | $0.90 | 2023-04-25 | 2023-05-12 | 2023-05-25 |
| 2023-01-09 | $0.90 | 2022-12-14 | 2023-01-10 | 2023-01-25 |
| 2022-11-10 | $0.70 | 2022-10-28 | 2022-11-14 | 2022-11-29 |
| 2022-08-11 | $0.40 | 2022-07-12 | 2022-08-12 | 2022-08-26 |
| 2022-05-12 | $0.40 | 2022-04-12 | 2022-05-13 | 2022-05-27 |
| 2022-02-11 | $0.18 | 2021-10-26 | 2022-02-14 | 2022-02-25 |
| 2021-11-10 | $0.18 | 2021-07-28 | 2021-11-12 | 2021-11-24 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for EQNR — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.373 · 697c9e64 · 2026-07-02 20:17:59