Equinor ASA Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	105,828	102,502	106,848	149,004	88,744
Revenue Growth (YoY)	3.25%	-4.07%	-28.29%	67.90%	93.96%
Cost of Revenue	55,164	50,040	48,175	53,806	35,160
Gross Profit	50,664	52,462	58,673	95,198	53,584
Selling, General & Admin	1,207	1,218	986	986	780
Depreciation & Amortization Expenses	12,318	9,835	10,634	6,391	11,719
Exploration Expenses	849	1,255	1,185	1,205	1,004
Other Operating Expenses	11,571	10,531	10,582	9,608	8,598
Operating Income	25,352	30,927	35,770	78,811	33,663
Interest Income	1,175	1,951	2,449	-	-
Interest Expense	-1,436	-1,582	-1,660	-1,379	-1,223
Other Non-Operating Income (Expense)	46	-262	1,324	1,792	-598
Total Non-Operating Income (Expense)	-215	107	2,113	413	-1,821
Pretax Income	25,088	30,986	37,884	78,604	31,583
Provision for Income Taxes	20,030	22,157	25,980	49,861	23,007
Net Income	5,043	8,806	11,885	28,746	8,563
Minority Interest in Earnings	15	23	19	-3	14
Net Income to Common	5,043	8,806	11,885	28,746	8,563
Net Income Growth	-42.73%	-25.91%	-58.66%	235.70%	-
Shares Outstanding (Basic)	2,714	2,821	3,021	3,174	3,245
Shares Outstanding (Diluted)	2,714	2,827	3,027	3,183	3,254
Shares Change (YoY)	-4.01%	-6.61%	-4.90%	-2.18%	-0.70%
EPS (Basic)	1.86	3.12	3.93	9.06	2.64
EPS (Diluted)	1.86	3.11	3.93	9.03	2.63
EPS Growth	-40.24%	-20.87%	-56.48%	243.35%	-
Free Cash Flow	5,977	7,933	14,126	26,525	20,776
Free Cash Flow Growth	-24.66%	-43.84%	-46.74%	27.67%	987.75%
Free Cash Flow Per Share	-	2.81	4.67	8.33	6.38
Dividends Per Share	1.500	1.420	1.250	0.900	0.710
Dividend Growth	5.63%	13.60%	38.89%	26.76%	73.17%
Gross Margin	47.87%	51.18%	54.91%	63.89%	60.38%
Operating Margin	23.96%	30.17%	33.48%	52.89%	37.93%
Profit Margin	4.78%	8.61%	11.14%	19.29%	9.66%
FCF Margin	5.65%	7.74%	13.22%	17.80%	23.41%
EBITDA	37,825	40,833	46,351	85,202	45,382
EBITDA Margin	35.74%	39.84%	43.38%	57.18%	51.14%
EBIT	25,352	30,927	35,770	78,811	33,663
EBIT Margin	23.96%	30.17%	33.48%	52.89%	37.93%
Effective Tax Rate	79.84%	71.51%	68.58%	63.43%	72.85%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.