Equinor ASA EQNR
- Market cap
- $102.3B
- P/E
- 11.5×
Follow EQNR
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10.89 | 16.18 | 19.95 | 16.24 | 8.41 | 16.61 | 26.26 | 25.23 | 21.85 | 21.41 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 18.63 | 21.52 | 28.93 | 23.97 | 21.04 | 28.30 | 42.53 | 34.73 | 32.66 | 28.27 |
High Price
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| 20,500 | 20,245 | 20,525 | 21,412 | 21,245 | 21,126 | 21,936 | 23,000 | 24,641 | 24,140 |
Employees
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| 2 | 3 | 4 | 3 | 2 | 4 | 7 | 5 | 4 | 4 |
Revenue/Emp
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| 45,873 | 61,187 | 79,593 | 64,357 | 45,818 | 90,924 | 150,806 | 107,174 | 103,774 | 106,462 |
Revenue
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| 53.12% | 53.89% | 51.61% | 54.11% | 54.20% | 61.33% | 64.32% | 55.05% | 51.78% | 48.18% |
Gross Margin
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| (178) | 13,420 | 18,874 | 9,292 | (4,259) | 31,583 | 78,604 | 37,884 | 30,986 | 25,088 |
EBT
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| (0.39%) | 21.93% | 23.71% | 14.44% | (9.30%) | 34.74% | 52.12% | 35.35% | 29.86% | 23.57% |
EBT Margin
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| (178) | 13,420 | 18,874 | 9,292 | (4,259) | 31,583 | 78,604 | 37,884 | 30,986 | 25,088 |
Net Income
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| 11,550 | 8,644 | 9,249 | 13,204 | 15,235 | 11,719 | 6,391 | 10,581 | 9,906 | 12,473 |
Depreciation
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| 14.36 | 18.72 | 23.93 | 19.35 | 14.02 | 28.02 | 47.51 | 35.48 | 36.79 | 41.06 |
Revenue/Sh
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| (0.91) | 1.40 | 2.27 | 0.55 | (1.69) | 2.64 | 9.06 | 3.93 | 3.12 | 1.94 |
Earnings/Sh
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| 2.83 | 4.53 | 5.92 | 4.13 | 3.18 | 8.88 | 11.07 | 8.18 | 6.90 | 7.70 |
Cash Flow/Sh
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| (3.58) | (3.17) | (2.88) | (3.07) | (2.59) | (2.51) | (2.76) | (3.41) | (3.80) | (4.45) |
Capex/Sh
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| (0.75) | 1.36 | 3.04 | 1.07 | 0.58 | 6.37 | 8.31 | 4.77 | 3.10 | 3.25 |
Free CF/Sh
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| 10.99 | 12.20 | 12.93 | 12.37 | 10.37 | 12.03 | 17.01 | 16.05 | 15.02 | 15.62 |
Book Value/Sh
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| 3,195 | 3,268 | 3,326 | 3,326 | 3,269 | 3,245 | 3,174 | 3,021 | 2,821 | 2,593 |
Shares
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| 0.00 | 15.71 | 9.33 | 36.20 | 0.00 | 9.97 | 3.59 | 8.05 | 7.59 | 12.37 |
PE Ratio
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| 1.30 | 1.18 | 0.88 | 1.03 | 1.17 | 0.94 | 0.69 | 0.89 | 0.64 | 0.58 |
PS Ratio
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| 1.69 | 1.80 | 1.64 | 1.61 | 1.58 | 2.19 | 1.92 | 1.96 | 1.58 | 1.51 |
PB Ratio
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| 1.62 | 1.36 | 0.99 | 1.22 | 1.47 | 0.88 | 0.56 | 0.75 | 0.65 | 0.64 |
EV/Sales
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| (30.95) | 18.69 | 7.83 | 22.16 | 35.28 | 3.87 | 3.21 | 5.61 | 7.67 | 8.05 |
EV/FCF
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| 9,034 | 14,802 | 19,694 | 13,749 | 10,386 | 28,816 | 35,136 | 24,701 | 19,465 | 19,971 |
Op' Cash Flow
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| (11,430) | (10,349) | (9,594) | (10,204) | (8,476) | (8,151) | (8,758) | (10,303) | (10,707) | (11,538) |
Capex
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| (2,396) | 4,453 | 10,100 | 3,545 | 1,910 | 20,665 | 26,378 | 14,398 | 8,758 | 8,433 |
FCF
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| 8,115 | 6,803 | 9,451 | 5,221 | 12,366 | 22,821 | 33,613 | 25,271 | 17,148 | 8,160 |
Working Cap'
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| 27,999 | 24,183 | 23,264 | 24,945 | 32,338 | 29,853 | 26,550 | 24,520 | 21,622 | 25,984 |
Total Debt
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| 14,698 | 11,345 | 8,667 | 12,342 | 13,716 | (5,519) | (18,905) | (14,345) | 384 | 6,651 |
Net Debt
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| 35,099 | 39,885 | 42,990 | 41,159 | 33,892 | 39,024 | 53,989 | 48,500 | 42,380 | 40,497 |
Sh' Equity
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| (2.73%) | 4.26% | 6.74% | 1.60% | (4.54%) | 6.30% | 18.84% | 7.88% | 6.41% | 3.84% |
ROA
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| 0.10% | 16.80% | 24.36% | 10.86% | (4.49%) | 62.79% | 140.40% | 65.46% | 45.20% | 33.61% |
ROIC
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| (7.75%) | 12.24% | 18.18% | 4.38% | (14.68%) | 23.49% | 61.81% | 23.19% | 19.38% | 12.17% |
ROE
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Equinor ASA peers in Oil & Gas Integrated
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BP BP p.l.c. | $114.5B | 21.1× | Compare |
| E Eni SpA | $80.2B | 13.7× | Compare |
| PBR Petroleo Brasileiro S.A.- Petrobras | $76.9B | 5.2× | Compare |
| CVE Cenovus Energy Inc | $57.2B | 11.9× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| TTE TotalEnergies SE Sponsored ADR | $203.3B | 11.3× | Compare |
| PBR.A Petroleo Brasileiro S.A.- Petrobras | $51.1B | 4.7× | Compare |
| SHEL Shell PLC Unsponsored ADR | $274.6B | 10.5× | Compare |
| EC Ecopetrol S.A. | $33.7B | 13.2× | Compare |
Equinor ASA (EQNR) key facts
- Equinor ASA (EQNR) is an Oil & Gas Integrated company in the Energy sector, traded in the US as an ADR.
- Equinor ASA’s revenue for fiscal 2025 (year ended December 2025) was NOK 106.5 billion, up 2.59% from fiscal 2024.
- Net income was NOK 25.1 billion, or NOK 1.94 per share (basic), a net margin of 4.74%.
- As of September 25, 2026, EQNR traded at $42.19, a market capitalization of $102.3 billion.
- At that price the stock trades at 11.5× trailing-twelve-month earnings and 0.9× sales.
- Equinor ASA pays an annual dividend of $1.20 per share, a yield of 9.74%, with a payout ratio of 11.7%.
- Return on equity was 12.2% and debt-to-equity 0.56.
Equinor ASA (EQNR) Latest News
25 Sep
Aker BP, with Equinor and DNO, has raised the estimated Verdandi and Lillefix resource size in the Norwegian North Sea after an appraisal from the Symra field subsea template. Initial volumes were 600,000–1.9 million standard cubic metres of oil equivalent (4–12 million barrels); post-appraisal, the range is 1.3–2.4 mscm (8–15 mbbl). The partners will assess profitability and potential tie-back to Symra. The Deepsea Nordkapp drilled the horizontal appraisal well 16/1-EA-4 H from Symra about 200 km west of Stavanger; it was the 11th exploration well in license 167, targeting Palaeocene Heimdal Formation, with a 14 m gas column and 44 m oil column encountered, gas-oil contact at 1,776 m, and 1,515 m of reservoir drilled before the well reached 1,864 m and was abandoned. Symra lies near Ivar Aasen; development contemplates a subsea template with four wells tied back to the platform. Resource uplift and potential tie-back to a nearby development could moderately improve Equinor's upside, but profitability and timing remain uncertain.
22 Sep
Equinor disclosed the third tranche of its 2026 share buy-back. Announced 22 July 2026, the tranche runs from 23 July to no later than 26 October 2026. From 14–18 September 2026, Equinor bought 535,701 own shares at an average NOK 419.4578, totalling NOK 224,703,937.14. Previously disclosed buys under the tranche stood at 5,032,090 shares (average NOK 390.6069, NOK 1,965,568,991.57). Accumulated for the tranche: 5,567,791 shares at NOK 393.3827 average, NOK 2,190,272,928.71. Post-transaction ownership: 20,202,526 own shares (0.85% of share capital), including shares under the share savings programme; excluding those SSP shares, 9,102,766 own shares (0.38%). Continues capital return through buy-backs that may lift per-share metrics without altering core business strategy.
21 Sep
Equinor ASA signed a long-term LNG supply agreement with Thailand's PTT Trading to expand its LNG reach in Asia. Details on contract volume were not disclosed. The deal complements Equinor's ongoing relationship with PTT Trading, which already purchases crude and refined products from the Norwegian company. The agreement aligns with Equinor's plan to lift its global LNG portfolio to about 10-15 million tonnes per year by the early 2030s and to grow its LNG footprint in Europe and Asia. Equinor operates Hammerfest LNG in northern Norway and ships LNG under long-term contracts with Cheniere Energy, including a first cargo from Sabine Pass in August. The company aims a diversified LNG business backed by long-term supply contracts to meet rising European and Asian demand. Long-term LNG supply with PTT Trading reinforces EQNR's Asia expansion and complements existing Cheniere deals, signaling a major shift toward a larger, diversified LNG portfolio.
19 Sep
Equinor posted a positive Preliminary Economic Assessment for its Texas lithium project. Positive PEA signals viable lithium project that could add new revenue stream but remains early-stage for large energy firm.
17 Sep
Equinor advances LNG expansion plans amid global supply disruptions. LNG expansion amid supply disruptions signals major strategic growth for Equinor.
15 Sep
Equinor ASA launches third tranche of share buy-back program for 2026. Share buybacks reduce outstanding shares and can lift earnings per share while supporting stock price in the near term.
11 Sep
Equinor and Shell Adura joint venture awaits UK decision on Jackdaw and Rosebank projects. UK regulatory decisions on Jackdaw and Rosebank projects may determine Equinor's major investment outcomes and production trajectory.
4 Sep
Equinor ASA profits surge 108% amid Strait of Hormuz crisis as stock flirts with entry point. 108% profit surge amid geopolitical oil crisis signals major positive shift in Equinor financials and investor sentiment.
Equinor and Shell's Jackdaw gas field is expected to receive UK drilling approval. UK drilling approval for the Jackdaw field would support higher natural gas production and revenues for Equinor.
31 Aug
LG Energy Solution secured a multi-year supply of U.S.-produced lithium carbonate from Smackover Lithium. Smackover Lithium supply deal with LG Energy Solution advances Equinor's U.S. lithium production interests.
28 Aug
Equinor and partners plan to pursue high-impact exploration on the Norwegian Continental Shelf. High-impact NCS exploration plans may boost Equinor's future resource base and operational growth.
26 Aug
Equinor ASA targets 27% growth in international production by 2030. 27% international production growth target by 2030 signals major strategic expansion with direct effects on long-term output and investor outlook.
Obstacles are slowing electrification of offshore rigs at Equinor ASA, delaying emission reductions and energy transition in its core operations. Delays in rig electrification may slow Equinor's emission targets and affect operational efficiency without fundamentally shifting company trajectory.
Technical, regulatory and cost barriers are delaying electrification of offshore rigs and slowing Equinor ASA's shift from traditional operations. Barriers to rig electrification may influence Equinor's energy transition plans but remain balanced by other operational factors.
Equinor ASA begins production at Troll phase three stage two in the North Sea. Troll phase three stage two startup raises Equinor's North Sea output and cash flows.
25 Aug
Equinor ASA will spend nearly $1 billion to acquire a stake in the Jessup power plant. Nearly $1 billion capital commitment constitutes a major strategic investment that can materially shift Equinor's asset base and investor expectations.
Equinor ASA targets major oil discovery offshore Namibia, potentially expanding its exploration portfolio and reserves. Potential major oil discovery offshore Namibia would substantially boost Equinor reserves and production outlook.
Equinor ASA secures 15-year gas supply contract with Germany. 15-year supply agreement locks in substantial long-term revenue and strengthens Equinor's European market position.
Norway expands Troll gas field to ease Europe's near-term energy shortages but adds no incremental supply volumes or new output capacity. Troll expansion delivers modest operational adjustment for Equinor without increasing overall production or altering long-term supply trajectory.
Equinor, Aker BP and Vår Energi launch NCS exploration alliance. Alliance supports exploration activities on NCS with moderate influence on operations and positioning.
24 Aug
Equinor ASA secures three-year deal with ORLEN to boost crude sales and expand European market reach. Three-year ORLEN agreement strengthens EQNR crude sales and European expansion.
Equinor ASA wins a 15-year contract to supply natural gas to Germany. A 15-year gas supply contract to Germany secures substantial future revenue for Equinor and bolsters its position in the European energy market.
Equinor ASA signed a 15-year gas supply deal with Uniper to deliver gas to Germany. 15-year supply contract locks in sustained revenue and strengthens Equinor's position in the German energy market.
Equinor and Aker BP made a new natural gas discovery in the North Sea. New discovery adds to Equinor's North Sea reserves and future output potential.
Equinor ASA selects Emerson's advanced measurement instrumentation to optimize operations and accelerate development. Instrumentation selection supports operational efficiency gains for Equinor without shifting core strategy or market position.
21 Aug
Equinor ASA secured a deal to supply crude to ORLEN. New crude supply contract adds revenue but does not alter core trajectory.
19 Aug
Chevron and Equinor strengthen offshore oil exploration in Namibia. Joint Namibia offshore push expands EQNR exploration footprint and operational scope.
Equinor ASA acquires 17.4% interest in Namibia’s Orange Basin block. Stake purchase adds upstream exposure in an emerging offshore basin without altering core operations or financial trajectory.
Equinor ASA acquires stake in Chevron-operated offshore block in Namibia, entering the country's oil and gas sector. Namibia block stake expands Equinor's exploration portfolio into new offshore region with moderate long-term growth potential.
18 Aug
Equinor ASA buys Lackawanna for $940 million to expand US power exposure. $940 million acquisition marks major strategic expansion into US power markets.