EQNRNYSEPetroleum RefiningFiscal year ends December 31Also trades as STOHF
EQUINOR ASA
Financials through Q4 FY2025, quarter ended Dec 31, 2025
$46.15−0.83 (-1.77%)
Close on Oct 19, 2026
- Market cap
- $116.16B
- P/E (TTM)
- 23.8
- Dividend yield
- 3.21%
EQUINOR ASA revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MMP | $104.77B | $101.79B | $105.91B | $148.11B | $87.39B | $44.96B | $60.96B | $75.79B | $59.07B | $44.98B | 98.4% | +2.9% |
| E&P Norway | $34.39B | $33.64B | $38.34B | $75.93B | $39.39B | $12.02B | $18.83B | $22.48B | – | – | 32.3% | +2.2% |
| EPI | $5.10B | $7.34B | $7.03B | $7.43B | $5.57B | $3.49B | $6.09B | – | – | – | 4.8% | -30.5% |
| Exploration & Production USA - offshore | $4.30B | $3.96B | $4.32B | $5.52B | $4.15B | $2.62B | $4.24B | – | – | – | 4.0% | +8.6% |
| REN | $192.00M | $317.00M | $17.00M | $185.00M | $1.41B | $181.00M | $353.00M | – | – | – | 0.2% | -39.4% |
| Other | $132.00M | $133.00M | $253.00M | $187.00M | $355.00M | $132.00M | $271.00M | $280.00M | $87.00M | $39.00M | 0.1% | -0.8% |
| Eliminations | – | – | – | – | – | – | -$26.38B | -$31.36B | -$24.92B | -$18.88B | – | – |
| Exploration & Production Norway (E&P) [member] | – | – | – | – | – | – | $18.83B | $22.48B | $17.69B | $13.08B | – | – |
| Exploration & Production (E&P) International [member] | – | – | – | – | – | – | $10.33B | $12.40B | $9.26B | $6.66B | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| E&P Norway | $24.12B | $24.56B | $29.09B | $67.61B | $30.47B | $3.13B | $9.63B | $14.41B | – | – | -1.8% |
| MMP | $1.70B | $3.33B | $3.98B | $3.61B | $1.16B | $376.00M | $1.00B | $1.91B | $2.24B | $623.00M | -48.9% |
| Exploration & Production USA - offshore | $668.00M | $1.03B | $1.35B | $4.02B | $1.15B | -$3.51B | -$2.27B | – | – | – | -35.2% |
| EPI | $470.00M | $2.75B | $2.33B | $3.25B | $329.00M | -$3.56B | $1.47B | – | – | – | -82.9% |
| Other | -$219.00M | -$60.00M | -$92.00M | -$178.00M | -$234.00M | -$122.00M | -$68.00M | -$79.00M | -$239.00M | -$423.00M | +265.0% |
| REN | -$1.61B | -$676.00M | -$757.00M | -$84.00M | $1.25B | -$35.00M | $160.00M | – | – | – | +138.8% |
| Eliminations | – | – | – | – | – | – | -$629.00M | $103.00M | -$59.00M | -$219.00M | – |
| Exploration & Production Norway (E&P) [member] | – | – | – | – | – | – | $9.63B | $14.41B | $10.49B | $4.45B | – |
| Exploration & Production (E&P) International [member] | – | – | – | – | – | – | -$800.00M | $3.80B | $1.34B | -$4.35B | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Crude oil | $58.40B | $58.25B | $56.86B | $58.52B | $38.31B | $24.51B | $33.51B | $40.95B | $29.52B | $24.31B | 54.9% | +0.3% |
| Natural gas | $25.29B | $22.19B | $26.39B | $65.23B | $28.05B | $7.21B | $11.28B | $14.07B | $11.42B | $9.20B | 23.8% | +14.0% |
| Refined products | $10.38B | $9.24B | $10.08B | $11.09B | $11.47B | $6.53B | $10.65B | $13.12B | $11.42B | $8.14B | 9.7% | +12.3% |
| Natural gas liquids | $7.04B | $7.75B | $8.35B | $9.24B | $8.49B | $5.07B | $5.81B | $7.17B | $5.65B | $4.04B | 6.6% | -9.2% |
| Power | $2.10B | $1.88B | $2.22B | $3.95B | – | – | – | – | – | – | 2.0% | +11.7% |
| Transportation | $1.26B | $1.33B | $1.43B | $1.47B | $921.00M | $1.08B | $967.00M | $1.03B | $0 | $0 | 1.2% | -5.4% |
| Other sales | $778.00M | $649.00M | $809.00M | $748.00M | $1.01B | $681.00M | $445.00M | $903.00M | $2.96B | $1.00M | 0.7% | +19.9% |
| Transportation [Member] | – | – | – | – | – | $1.08B | $967.00M | $1.03B | – | – | – | – |
By region
From the segment and revenue-disaggregation notes of Equinor Asa's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.