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 | TTM Q4 25 | TTM Q4 24 | % of revenue | YoY |
|---|---|---|---|---|
| MMP | $104.77B | $101.79B | 98.4% | +2.9% |
| E&P Norway | $34.39B | $33.64B | 32.3% | +2.2% |
| EPI | $5.10B | $7.34B | 4.8% | -30.5% |
| Exploration & Production USA - offshore | $4.30B | $3.96B | 4.0% | +8.6% |
| REN | $192.00M | $317.00M | 0.2% | -39.4% |
| Other | $132.00M | $133.00M | 0.1% | -0.8% |
| Operating income | TTM Q4 25 | TTM Q4 24 | YoY |
|---|---|---|---|
| E&P Norway | $24.12B | $24.56B | -1.8% |
| MMP | $1.70B | $3.33B | -48.9% |
| Exploration & Production USA - offshore | $668.00M | $1.03B | -35.2% |
| EPI | $470.00M | $2.75B | -82.9% |
| Other | -$219.00M | -$60.00M | +265.0% |
| REN | -$1.61B | -$676.00M | +138.8% |
By product or service
| Revenue | TTM Q4 25 | TTM Q4 24 | % of revenue | YoY |
|---|---|---|---|---|
| Crude oil | $58.40B | $58.25B | 54.9% | +0.3% |
| Natural gas | $25.29B | $22.19B | 23.8% | +14.0% |
| Refined products | $10.38B | $9.24B | 9.7% | +12.3% |
| Natural gas liquids | $7.04B | $7.75B | 6.6% | -9.2% |
| Power | $2.10B | $1.88B | 2.0% | +11.7% |
| Transportation | $1.26B | $1.33B | 1.2% | -5.4% |
| Other sales | $778.00M | $649.00M | 0.7% | +19.9% |
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.