Equinor ASA Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	107,066	102,502	106,848	149,004	88,744	45,753
Revenue Growth (YoY)	2.15%	-4.07%	-28.29%	67.90%	93.96%	-27.27%
Cost of Revenue	54,968	50,040	48,175	53,806	35,160	20,986
Gross Profit	52,098	52,462	58,673	95,198	53,584	24,767
Selling, General & Admin	1,171	1,218	986	986	780	706
Depreciation & Amortization Expenses	11,853	9,835	10,634	6,391	11,719	15,235
Exploration Expenses	905	1,255	1,185	1,205	1,004	3,483
Other Operating Expenses	11,272	10,531	10,582	9,608	8,598	8,831
Total Operating Expenses	25,201	22,839	23,387	18,190	22,101	28,255
Operating Income	28,600	30,927	35,770	78,811	33,663	-3,423
Interest Income	1,339	1,951	2,449	-	-	-
Interest Expense	-1,443	-1,582	-1,660	-1,379	-1,223	-1,392
Other Non-Operating Income (Expense)	-390	-262	1,324	1,792	-598	609
Total Non-Operating Income (Expense)	-494	107	2,113	413	-1,821	-783
Pretax Income	27,505	30,986	37,884	78,604	31,583	-4,259
Provision for Income Taxes	21,762	22,157	25,980	49,861	23,007	1,237
Net Income	5,726	8,806	11,885	28,746	8,563	-5,510
Minority Interest in Earnings	18	23	19	-3	14	14
Net Income to Common	5,726	8,806	11,885	28,746	8,563	-5,510
Net Income Growth	-39.18%	-25.91%	-58.66%	235.70%	-	-
Shares Outstanding (Basic)	2,652	2,821	3,021	3,174	3,245	3,269
Shares Outstanding (Diluted)	2,659	2,827	3,027	3,183	3,254	3,277
Shares Change (YoY)	-7.74%	-6.61%	-4.90%	-2.18%	-0.70%	-1.71%
EPS (Basic)	2.12	3.12	3.93	9.06	2.64	-1.69
EPS (Diluted)	2.11	3.11	3.93	9.03	2.63	-1.69
EPS Growth	-35.28%	-20.87%	-56.48%	243.35%	-	-
Free Cash Flow	6,392	7,933	14,126	26,525	20,776	1,910
Free Cash Flow Growth	-19.43%	-43.84%	-46.74%	27.67%	987.75%	-46.12%
Free Cash Flow Per Share	2.40	2.81	4.67	8.33	6.38	0.58
Dividends Per Share	1.480	1.420	1.250	0.900	0.710	0.410
Dividend Growth	4.23%	13.60%	38.89%	26.76%	73.17%	-
Gross Margin	48.66%	51.18%	54.91%	63.89%	60.38%	54.13%
Operating Margin	26.71%	30.17%	33.48%	52.89%	37.93%	-7.48%
Profit Margin	5.36%	8.61%	11.14%	19.29%	9.66%	-12.01%
FCF Margin	5.97%	7.74%	13.22%	17.80%	23.41%	4.17%
EBITDA	40,513	40,833	46,351	85,202	45,382	11,812
EBITDA Margin	37.84%	39.84%	43.38%	57.18%	51.14%	25.82%
EBIT	28,600	30,927	35,770	78,811	33,663	-3,423
EBIT Margin	26.71%	30.17%	33.48%	52.89%	37.93%	-7.48%
Effective Tax Rate	79.12%	71.51%	68.58%	63.43%	72.85%	-29.04%

Updated Feb 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q