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. In the quarter to June 2026, revenue grew 39.9%, EPS grew 298.0%, free cash flow grew 1,548.8% and total debt fell 1.07%, each against the same quarter a year earlier.
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Equinor ASA (EQNR) P/E ratio
As of 16 October 2026, Equinor ASA (EQNR) trades at a P/E ratio of 12.8×. Over the past ten years it has ranged from 0.0× (September 2021) to 7,687× (April 2016); the current reading is higher than 80% of that period. That is in line with the Oil & Gas Integrated industry median of 12.6× and below the Energy sector median of 13.9×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 12.4× | 62.94% |
| FY2024 | 7.6× | (5.69%) |
| FY2023 | 8.1× | 124.25% |
| FY2022 | 3.6× | (64.00%) |
| FY2021 | 10.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 36.2× | 288.16% |
| FY2018 | 9.3× | (40.65%) |
| FY2017 | 15.7× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 8.6× | (55.80%) |
| Mar 2026 | 19.4× | 56.47% |
| Dec 2025 | 12.4× | 7.58% |
| Sep 2025 | 11.5× | 38.60% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| PBR.A Petroleo Brasileiro S.A.- Petrobras compare | 5.9× |
| PBR Petroleo Brasileiro S.A.- Petrobras compare | 6.6× |
| TTE TotalEnergies SE Sponsored ADR compare | 11.3× |
| SHEL Shell PLC Unsponsored ADR compare | 11.6× |
| CVE Cenovus Energy Inc compare | 12.6× |
| EQNR Equinor ASA | 12.8× |
| EC Ecopetrol S.A. compare | 14.2× |
| E Eni SpA compare | 14.8× |
| BP BP p.l.c. compare | 23.9× |
| Oil & Gas Integrated industry median | 12.6× |
| Energy sector median | 13.9× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)