Equinor ASA - Company Profile
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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 major 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
21,936
Industry
Energy and Utilities
Ticker Symbol & Exchange
EQNR (OSL)
Revenue (2022)
$149.0B
67.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
235.6%
(2022 vs 2021)
Market Cap*
$92.7B
Net Profit Margin (2022)
XYZ
99.9%
(2022 vs 2021)
* As of and is in US$
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 December, the company and Korea Southern Power entered into an agreement to develop offshore wind farms near Chuja Island. |
| 2023 | Regulatory Approval | In November, the company secured approval from the Petroleum Safety Authority Norway (PSA) to use Transocean Encourage for production drilling at Tyrihans Sor. |
| 2023 | Regulatory Approval | In November, the company secured approval from the Petroleum Safety Authority Norway to use Transocean Encourage for production drilling at Vigdis. |
Competitor Comparison
| Key Parameters | Equinor ASA | Shell plc | BP Plc | Eni SpA | Lukoil Oil Co |
|---|---|---|---|---|---|
| Headquarters | Norway | United Kingdom | United Kingdom | Italy | Russia |
| City | Stavanger | London | London | Rome | Moscow |
| State/Province | Telemark | England | England | Lazio | - |
| No. of Employees | 21,936 | 93,000 | 67,600 | 32,324 | 102,424 |
| 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 | 67 |
| Anne Drinkwater | Deputy Chairman; Director | Executive Board | 2022 | 67 |
| Anders Opedal | Chief Executive Officer, President | Executive Board | 2020 | 55 |
| Torgrim Reitan | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | 54 |
| Hege Skryseth | Executive Vice President - Technology, Digital and Innovation | Senior Management | 2022 | 56 |
| 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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