Equinor ASA (LON:0M2Z)

Equinor ASA Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	107,066	102,502	106,848	149,004	88,744	45,753
Other Revenue	-	-	-	-	1,921	12
Revenue	107,066	102,502	106,848	149,004	90,665	45,765
Revenue Growth (YoY)	2.15%	-4.07%	-28.29%	64.35%	98.11%	-27.25%
Cost of Revenue	66,241	60,571	58,757	63,414	43,758	29,817
Gross Profit	40,825	41,931	48,091	85,590	46,907	15,948
Selling, General & Admin	1,343	1,427	1,346	986	780	706
Other Operating Expenses	525	525	538	449	453	412
Operating Expenses	12,483	12,821	12,053	11,518	12,669	13,443
Operating Income	28,342	29,110	36,038	74,072	34,238	2,505
Interest Expense	-542	-681	-927	-737	-769	-979
Interest & Investment Income	1,134	1,746	2,259	1,222	151	299
Earnings From Equity Investments	12	49	-1	620	259	53
Currency Exchange Gain (Loss)	170	166	852	2,088	47	-646
Other Non Operating Income (Expenses)	452	328	481	-754	-707	446
EBT Excluding Unusual Items	29,568	30,718	38,702	76,511	33,219	1,678
Impairment of Goodwill	-	-	-	-	-	-42
Gain (Loss) on Sale of Investments	-859	-522	123	-394	-348	456
Gain (Loss) on Sale of Assets	941	941	319	-	-	-
Asset Writedown	-2,144	-151	-1,260	2,487	-1,287	-6,351
Pretax Income	27,506	30,986	37,884	78,604	31,584	-4,259
Income Tax Expense	21,762	22,157	25,980	49,861	23,007	1,237
Earnings From Continuing Operations	5,744	8,829	11,904	28,743	8,577	-5,496
Minority Interest in Earnings	-19	-23	-19	3	-14	-14
Net Income	5,725	8,806	11,885	28,746	8,563	-5,510
Net Income to Common	5,725	8,806	11,885	28,746	8,563	-5,510
Net Income Growth	-39.18%	-25.91%	-58.66%	235.70%	-	-
Shares Outstanding (Basic)	2,651	2,821	3,021	3,173	3,244	3,269
Shares Outstanding (Diluted)	2,658	2,827	3,027	3,183	3,256	3,269
Shares Change (YoY)	-7.75%	-6.61%	-4.91%	-2.23%	-0.40%	-1.95%
EPS (Basic)	2.16	3.12	3.93	9.06	2.64	-1.69
EPS (Diluted)	2.15	3.11	3.93	9.03	2.63	-1.69
EPS Growth	-34.46%	-20.87%	-56.48%	243.35%	-	-
Free Cash Flow	7,038	7,933	14,126	26,378	20,776	1,910
Free Cash Flow Per Share	2.65	2.81	4.67	8.29	6.38	0.58
Dividend Per Share	1.480	1.420	1.250	0.900	0.710	0.410
Dividend Growth	5.71%	13.60%	38.89%	26.76%	73.17%	-60.95%
Gross Margin	38.13%	40.91%	45.01%	57.44%	51.74%	34.85%
Operating Margin	26.47%	28.40%	33.73%	49.71%	37.76%	5.47%
Profit Margin	5.35%	8.59%	11.12%	19.29%	9.45%	-12.04%
Free Cash Flow Margin	6.57%	7.74%	13.22%	17.70%	22.91%	4.17%
EBITDA	37,007	37,760	44,280	83,292	44,845	13,853
EBITDA Margin	34.56%	36.84%	41.44%	55.90%	49.46%	30.27%
D&A For EBITDA	8,665	8,650	8,242	9,220	10,607	11,348
EBIT	28,342	29,110	36,038	74,072	34,238	2,505
EBIT Margin	26.47%	28.40%	33.73%	49.71%	37.76%	5.47%
Effective Tax Rate	79.12%	71.51%	68.58%	63.43%	72.84%	-
Revenue as Reported	108,769	103,774	107,174	150,806	90,924	45,818

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.