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Friday 6 November 2026 Export EQNR’s income statement to Excel — free account

Equinor ASA

EQNR Energy Oil & Gas Integrated

Equinor ASA’s revenue for fiscal 2025 (year ended December 2025) was $106.5 billion, up 2.59% from fiscal 2024.

Revenue
+27.4%
EPS
+1,440.0%
Free cash flow
+60.9%
Total debt
−4.44%

Quarter to September 2026, against a year earlier

42.64 0.16 −0.37%
Market cap
$101.7B
P/E
8.8×
Fwd P/E
8.3×
Dividend yield
3.56%
F-score
5/9
Altman Z
2.43
Beneish M
−2.99
Dividend safety
34/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Equinor ASA (EQNR) Debt to equity

Alert me on Debt to equity

Equinor ASA's debt to equity at the end of the quarter to 30 September 2026 was 0.5×, down 0.1× from fiscal 2025 (0.6×). Over the past ten years it has ranged from 0.5× (fiscal 2022) to 1.0× (fiscal 2020); the current reading is higher than 64% of that period. That is in line with the Oil & Gas Integrated industry median of 0.5× and above the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.6× 25.75%
FY2024 0.5× 0.91%
FY2023 0.5× 2.81%
FY2022 0.5× (35.71%)
FY2021 0.8× (19.82%)
FY2020 1.0× 57.42%
FY2019 0.6× 12.01%
FY2018 0.5× (10.75%)
FY2017 0.6× (23.99%)
FY2016 0.8× 7.30%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.5× (5.27%)
Jun 2026 0.6× (1.63%)
Mar 2026 0.6× (10.94%)
Dec 2025 0.6× 3.89%
43 more quarters

Against its own ten years

Low 0.5× High 1.0×
Ten-year median 0.6×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
CVE Cenovus Energy Inc compare 0.3×
SHEL Shell PLC Unsponsored ADR compare 0.4×
TTE TotalEnergies SE Sponsored ADR compare 0.5×
EQNR Equinor ASA 0.5×
E Eni SpA compare 0.6×
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 0.7×
PBR Petroleo Brasileiro S.A.- Petrobras compare 0.7×
BP BP p.l.c. compare 0.7×
EC Ecopetrol S.A. compare 1.0×
Oil & Gas Integrated industry median 0.5×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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