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Equinor ASA (Equinor), formerly Statoil ASA, is an energy company. It explores for, develops and produces hydrocarbons. It operates refineries, processing plants, storage and terminals, and has interests in various oil and gas pipelines. The company markets, trades, and transports crude oil, condensate, natural gas, natural gas liquids, and refined products. It also has presence in solar farm, offshore wind, carbon capture and storage and hydrogen projects with focus on renewable energy and low carbon solutions. Equinor has leading operations on the Norwegian continental shelf. It has operations in Europe, North and South America, Africa and Asia-Pacific regions. Equinor is headquartered in Stavanger, Norway.
Headquarters
Norway
Address
Forusbeen 50, Stavanger, Telemark, 4035
Website
www.equinor.com
Telephone
47 51 990000
No of Employees
21,126
Industry
Energy and Utilities
Ticker Symbol & Exchange
EQNR (OSL)
Revenue (2023)
$149.0B
94%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
255.5%
(2023 vs 2022)
Market Cap*
$103.7B
Net Profit Margin (2022)
XYZ
180.2%
(2023 vs 2022)
* As of and is in US$
Equinor ASA premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Crude Oil | Transportation | Statoil |
| Condensate | Storage | Hydro |
| Natural Gas | Trading | |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In February, the company awarded a contract to TechnipFMC for the subsea production system for its Verdande project on the Norwegian Continental Shelf. |
| 2023 | Contracts/Agreements | In February, the company entered into an agreement to sell its Equinor South Riding Point oil terminal at Grand Bahama Island in the Bahamas to Liwathon Group. |
| 2023 | Contracts/Agreements | In February, the company entered into a partnership with EnBW to develop German offshore wind. |
Competitor Comparison
| Key Parameters | Equinor ASA | Shell plc | BP Plc | Lukoil Oil Co | Eni SpA |
|---|---|---|---|---|---|
| Headquarters | Norway | United Kingdom | United Kingdom | Russia | Italy |
| City | Stavanger | London | London | Moscow | Rome |
| State/Province | Telemark | Greater London | England | - | Lazio |
| No. of Employees | 21,126 | 82,000 | 65,900 | 102,424 | 32,562 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jon Erik Reinhardsen | Chairman | Executive Board | 2017 | 66 |
| Anne Drinkwater | Deputy Chairman; Director | Executive Board | 2022 | - |
| Anders Opedal | Chief Executive Officer, President | Executive Board | 2020 | 54 |
| Torgrim Reitan | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | - |
| Aksel Stenerud | Executive Vice President - People & organisation (PO) | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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