OakChart

Equinor ASA ADR

EQNREnergy·Oil & Gas Integrated·Norway·Large·NYSE·Nov 11 • 3:59 PM ET

41.33+0.65 (1.60%)
2026-11-12 06:16 CET
Market cap
98,809.70 USD m
Revenue, TTM
120,888.13 USD m
Net income, TTM
11,832.19 USD m
Free cash flow, TTM
11,359.48 USD m
EPS diluted, TTM
4.83
P/E
8.56
Compare

Price

EQNR against its 20, 50 and 200-day averages
2050200beatmiss
30.0035.0040.0045.0050.004.0M8.1MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26EQNRclose 41.3320-day 45.2950-day 44.10200-day 38.2841.3352w high

15.8% under the 52-week high of 49.08 on 23 Oct 2026. 52-week low 22.26 on 25 Nov 2025. Last 15 sessions, 24.9% high to low

Volume 0.55× normal · the line is the 50-bar volume average

Profile

EQNR
52-week range, 71% of the way up
22.2649.08

Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, Renewables, and Other. The Exploration and Production Norway segment includes the commercial development of oil and gas portfolios on the Norwegian continental shelf. The Exploration and Production International segment covers offshore and onshore activities in the USA, Mexico, and other operations worldwide. The Exploration and Production USA segment covers both onshore and offshore exploration, development, and Production of oil and gas in the USA. The Marketing, Midstream, and Processing segment markets and trades of crude oil and condensate, natural gas, NGL and refined products. The Renewables segment focuses on offshore wind, and integrated solutions for onshore renewables. The Other segment includes projects, drilling and procurement, the business area technology, digital and innovation, and corporate staffs and support functions. The company was founded on September 18, 1972 and is headquartered in Stavanger, Norway.

Employees24620
IPOJun 18, 2001
Beta0.12
ATR, 14d1.48
Rel volume0.55
Short float0.74%
Insider own0.00%
Inst own3.26%

Snapshot

6 groups

Valuation

Index-
Market Cap98.81B
Enterprise Value104.56B
Income11.83B
Sales120.89B
Book/sh19.24
Cash/sh10.04
Dividend Est.1.58 (3.83%)
Dividend TTM1.52 (3.68%)
Dividend Ex-DateNov 16, 2026
Dividend Gr. 3/5Y16.02% 29.75%
Payout58.36%
Employees24620
IPOJun 18, 2001

Ratios

P/E8.56
Forward P/E8.33
PEG0.56
P/S0.82
P/B2.15
P/C4.12
P/FCF8.70
EV/EBITDA2.09
EV/Sales0.86
Quick Ratio1.07
Current Ratio1.16
Debt/Eq0.66
LT Debt/Eq0.53
Option/ShortYes / Yes

Earnings

EPS (ttm)4.83
EPS next Y4.96
EPS next Q1.97
EPS this Y139.15%
EPS next Y-15.97%
EPS next 5Y14.76%
EPS past 3/5Y-40.08% -
Sales past 3/5Y-10.73% 18.29%
EPS Y/Y TTM129.13%
Sales Y/Y TTM12.89%
EPS Q/Q1387.71%
Sales Q/Q27.22%
EarningsOct 28 BMO
EPS/Sales Surpr.-11.41% -0.54%

Ownership

Insider Own0.00%
Insider Trans-
Inst Own3.26%
Inst Trans-0.11%
ROA8.36%
ROE27.70%
ROIC17.18%
Gross Margin33.80%
Oper. Margin32.74%
Profit Margin9.79%
SMA20-8.74%
SMA50-6.29%
SMA2007.97%
Trades-

Technical

Shs Outstand2.39B
Shs Float2.39B
Short Float0.74%
Short Ratio4.57
Short Interest17.59M
52W High49.08 -15.78%
52W Low22.26 85.67%
Volatility2.77% 2.65%
ATR (14)1.48
RSI (14)38.09
Beta0.12
Rel Volume0.55
Avg Volume3.85M
Volume2,116,019

Performance

Perf Week-3.43%
Perf Month-8.20%
Perf Quarter1.95%
Perf Half Y7.97%
Perf YTD74.90%
Perf Year67.19%
Perf 3Y37.66%
Perf 5Y90.14%
Perf 10Y208.02%
Recom3.30
Target Price42.82
Prev Close40.68
Price41.33
Change %1.60%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Nov 06, 2026DowngradeMMorgan StanleyEqual-Weight → Underweight
Oct 28, 2026DowngradeDDZ BankBuy → Hold
Sep 18, 2026UpgradeBBofA SecuritiesNeutral → Buy$49+18.6%
Jul 24, 2026ReiteratedTTD CowenHold$37 → $38-8.1%
Jul 23, 2026UpgradeRRBC Capital MktsUnderperform → Sector Perform
May 07, 2026ReiteratedTTD CowenHold$38 → $40-3.2%
Mar 24, 2026UpgradeMMorgan StanleyUnderweight → Equal-Weight$40.40-2.3%
Mar 20, 2026UpgradeUUBSSell → Neutral
Feb 05, 2026ReiteratedTTD CowenHold$22 → $25-39.5%
Feb 05, 2026DowngradeBBofA SecuritiesBuy → Neutral

Peers

Mkt cap
TickerCompanyMkt cap
BPBP plc ADR116.57B
SHELShell Plc ADR277.47B
TTETotalEnergies SE194.10B
EEni Spa ADR81.44B
CVXChevron Corp419.19B
PBRPetroleo Brasileiro SA Petrobras ADR66.31B
XOMExxonMobil Holdings Corp680.05B
COPConoco Phillips163.00B
IMOImperial Oil Ltd59.80B
EOGEOG Resources Inc79.73B

Held by

AUM
TickerCompanyAUM
BFLXiShares Flexible Equity Active ETFAUM: 2.15B
AVDEAvantis International Equity ETFAUM: 19.73B
GMOIGMO International Value ETFAUM: 737.83M
AVIVAvantis International Large Cap Value ETFAUM: 2.09B
KEATKeating Active ETFAUM: 118.50M
BFLXiShares Flexible Equity Active ETFAUM: 2.15B
GMIEGMO International Equity Fund ETF ClassAUM: 241.36M
APIEActivePassive International Equity ETFAUM: 1.13B
DFAIDimensional International Core Equity Market ETFAUM: 18.32B
HAPVanEck Natural Resources ETFAUM: 323.24M

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-281.2001.3551.07333,12133,30318
2026Q22026-07-221.3301.3831.98134,52334,02716
2026Q12026-05-061.4801.0131.25527,84128,72917
2025Q42026-02-040.8100.6080.52125,29622,06016
2025Q32025-10-290.3700.603-0.08326,06323,42517
2025Q22025-07-230.6400.6540.50325,11524,11217
2025Q12025-04-300.6600.8340.96929,91926,55915
2024Q42025-02-050.6300.7380.72127,01825,80417
2024Q32024-10-240.7900.7400.82625,36024,40317
2024Q22024-07-240.8400.7360.65325,80624,58814
2024Q12024-04-250.9600.7150.89725,12526,52913
2023Q42024-02-070.6350.8500.89128,48327,51113
2023Q32023-10-270.9170.7550.84125,73524,01112
2023Q22023-07-260.7360.7470.59123,19123,87714
2023Q12023-05-041.214-1.58627,554-12
2022Q42023-02-081.816-2.54433,715-12

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY1.4811.5010.55363,33569,363
2020FY0.1140.546-1.69345,42847,449
2021FY3.0903.0172.62390,19592,051
2022FY7.2956.7049.044149,887154,991
2023FY3.4263.8283.930105,871115,801
2024FY3.2363.3003.103103,408102,359
2025FY2.4702.4781.940105,828102,723
2026FY-5.907--132,465
2027FY-4.964--117,413
2028FY-3.733--104,195
2029FY-3.622--89,175
2030FY-3.724--89,755

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-3098039,47930,40048,419
2026Q4S2026-10-2988040,08130,40048,419
2026Q4S2026-10-2887039,06028,83248,419
2026Q4S2026-10-1684234,68028,83245,625
2026Q4S2026-10-1484135,34228,83245,625
2026Q4S2026-10-0984134,83228,83245,625
2026Q4S2026-10-0684134,83128,83245,625
2026Q4S2026-10-0384133,89228,83243,184
2026Q4S2026-10-0185133,89228,83243,184
2026Q4S2026-09-2585133,89628,83243,184
2026Q4S2026-09-2285132,84028,83239,917
2026Q4S2026-09-1875133,41329,95039,917
2026Q4S2026-09-1374232,82727,60039,917
2026Q4S2026-09-0975232,82727,60039,917

Estimate history

EPS, annual1.42.2530.553-1.6932.6239.0443.933.1031.9454.8264
Period201720182019202020212022202320242025TTM
EPS, quarterly0.8260.7210.9690.503-0.0830.5211.2551.9811.069
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual6097178539.51160285.61645842.4587499.213149214.734106957.282102112.345106156.082120888.13
Period201720182019202020212022202320242025TTM
Sales, quarterly25466.0326256.99229532.31425299.51525999.55725264.50528136.30734410.74233076.574
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual3311.9253328.3093305.0083246.2453245.5773132.8512944.7332727.5272500.2712334.213
Period201720182019202020212022202320242025MRQ
Shares, quarterly2734.412727.5272727.5272727.5272491.5542500.2712500.2712500.2712334.213
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue120,888.13106,156.08102,112.35106,957.28149,214.7387,499.2145,842.4560,285.6278,539.51
Cost of Goods Sold Incl. D&A80,033.4078,267.8971,691.4370,796.3371,559.0655,310.2940,727.4250,683.2659,299.22
Gross Profit40,854.7327,888.1930,420.9236,160.9577,655.6732,188.925,115.039,602.3519,240.29
Selling, General and Administrative Excl. Other1,278.991,210.741,250.231,219.25987.39777.39709.0568.04755.77
Research and Development-353.09346.68311.32308.44290.03255.10300.17314.07
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income39,575.7526,677.4529,170.6934,941.7076,668.2831,411.534,405.989,534.3218,484.52
Interest Expense1,636.66833.581,052.981,123.15931.32767.42984.24993.55576.30
Unusual Expense324.392,242.93104.60-351.361,747.471,191.007,872.913,545.98241.29
Net Income Before Taxes39,753.2125,147.7230,819.3937,923.7578,094.2931,219.18-4,330.659,133.0918,528.39
Income Taxes28,174.8320,092.1022,072.7726,006.5749,931.5222,930.011,242.357,445.1511,302.69
Consolidated Net Income11,827.245,073.688,795.4411,916.1828,783.658,547.30-5,519.771,852.037,515.85
Net Income From Continuing Operations11,831.195,058.638,772.5211,897.1628,786.668,533.35-5,533.841,844.037,512.86
Net Income11,832.195,058.638,772.5211,897.1628,786.668,534.35-5,533.841,844.037,512.86
EPS (Recurring)5.062.553.133.859.432.88-0.011.302.30
EPS (Basic, Before Extraordinaries)4.841.953.113.949.072.63-1.690.552.26
EPS (Diluted)4.831.943.103.939.042.62-1.690.552.25
EBITDA49,981.1337,151.8239,340.8846,125.1383,517.9542,261.1014,382.9519,806.0428,768.21
Non-Operating Income (Expense)2,138.511,546.782,806.293,753.844,104.801,766.07120.524,138.31861.46
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Price To Earnings Ratio8.548.547.145.274.028.30-29.977.75
Price To Sales Ratio0.820.580.660.900.760.981.171.100.90
Gross Margin33.8026.2729.7933.8152.0436.7911.1615.9324.50
Operating Margin32.7425.1328.5732.6751.3835.909.6115.8223.54
Net Margin9.794.778.5911.1219.299.75-12.073.069.57
Shares Outstanding2,334.212,500.272,727.532,944.733,132.853,245.583,246.253,305.013,328.31
Market Capitalization98,809.7098,809.7063,809.6886,743.5995,619.8370,556.7844,000.8555,124.2058,597.05

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue33,076.5734,410.7428,136.3125,264.5125,999.5625,299.5129,532.3126,256.99
Cost of Goods Sold Incl. D&A20,442.8821,712.1718,966.9218,911.4219,753.7518,263.3720,681.8718,462.52
Gross Profit12,633.6912,698.579,169.396,353.086,245.817,036.148,850.457,794.47
Selling, General and Administrative Excl. Other396.69272.11312.56297.63257.83331.22324.63258.27
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income12,237.0112,426.468,856.836,055.455,987.986,704.938,525.827,536.21
Interest Expense371.58433.59437.99393.51365.75353.37326.64396.80
Unusual Expense487.07114.63-843.60566.29776.48810.4388.44-3.96
Net Income Before Taxes11,268.8912,857.069,876.435,750.834,678.865,788.798,924.828,095.29
Income Taxes8,841.588,167.366,715.454,450.454,866.734,470.966,294.616,123.17
Consolidated Net Income2,554.864,820.273,139.741,312.36-203.861,325.882,643.271,978.06
Net Income From Continuing Operations2,545.824,832.243,141.771,311.37-210.861,320.852,640.261,975.09
Net Income2,545.824,832.243,141.771,312.36-209.861,321.862,640.261,975.09
EPS (Recurring)1.212.011.020.680.130.720.990.72
EPS (Basic, Before Extraordinaries)1.071.991.260.52-0.080.500.970.72
EPS (Diluted)1.071.981.260.52-0.080.500.970.72
EBITDA14,851.1215,009.0411,405.858,715.148,529.289,188.5710,701.7510,330.62
Non-Operating Income (Expense)-109.47978.81613.99655.18-166.89246.65814.09951.92
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio8.5414.2522.0311.218.067.928.497.14
Price To Sales Ratio0.820.671.010.560.580.620.670.64
Gross Margin38.2036.9032.5925.1524.0227.8129.9729.69
Operating Margin37.0036.1131.4823.9723.0326.5028.8728.70
Net Margin7.7014.0411.175.19-0.815.228.947.52
Shares Outstanding2,334.212,500.272,500.272,500.272,491.552,727.532,727.532,727.53
Market Capitalization98,809.7079,596.17106,973.2059,899.9261,801.1168,743.0772,325.1463,809.68

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments19,333.2021,238.3138,866.2445,453.8635,372.8318,622.6712,603.9314,596.4012,997.00
Short Term Receivables10,819.1113,590.2016,933.5422,452.4417,926.918,232.298,232.968,997.639,425.00
Inventories3,330.034,031.063,814.125,204.873,394.983,084.113,362.982,142.913,398.00
Other Current Assets4,552.057,108.101,378.044,038.905,130.98886.03578.00317.99-
Total Current Assets38,034.3945,967.6760,991.9477,150.0761,825.7030,825.1024,777.8726,054.9225,820.00
Net Property, Plant & Equipment61,241.6355,560.8158,823.8756,496.5962,074.7068,510.4569,952.6365,259.3063,636.00
Total Investments and Advances16,363.178,735.136,508.216,181.857,296.978,821.326,406.976,349.746,995.00
Long-Term Note Receivable--381.011,722.96809.00615.02413.00344.99716.00
Intangible Assets2,159.022,069.032,503.081,523.961,824.991,956.072,124.991,132.95543.00
Deferred Tax Assets5,053.054,900.077,936.258,731.786,258.974,974.183,880.983,303.862,441.00
Other Assets8,877.0913,910.206,440.206,209.847,028.979,111.3310,505.9410,057.5810,949.00
Total Assets131,728.36131,142.92143,584.56158,017.05147,119.30124,813.46118,062.38112,503.35111,100.00
Short Term Debt Incl. Current Port. of LT Debt5,236.058,472.127,275.235,616.866,385.975,777.214,086.982,462.904,091.00
Accounts Payable4,832.056,838.105,317.176,206.846,248.972,748.103,046.982,531.903,181.00
Income Tax Payable10,994.1110,319.1512,306.3917,654.5613,118.941,148.043,698.984,653.814,057.00
Other Current Liabilities9,539.109,394.1410,821.3414,058.6513,250.949,829.358,723.956,955.717,688.00
Total Current Liabilities30,601.3235,023.5135,720.1443,536.9139,004.8119,502.7019,556.9016,604.3119,017.00
Long Term Debt25,984.2721,622.3224,521.7826,549.3429,852.8632,339.1624,944.8723,263.0424,183.00
Provision for Risks Charges18,791.1916,409.2419,229.6119,303.5224,301.8826,860.9621,817.8919,771.1819,461.00
Deferred Tax Liabilities14,524.1512,726.1913,345.4211,995.7014,036.9311,224.409,409.958,670.647,654.00
Other Liabilities1,329.012,981.042,266.072,643.93899.00994.041,172.991,206.95900.00
Total Liabilities91,229.9488,762.3095,083.02104,029.40108,095.4890,921.2576,902.6069,516.1271,215.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity40,424.4242,342.6248,491.5453,986.6539,009.8133,873.2141,139.7842,968.2239,861.00
Total Shareholders Equity40,424.4242,342.6248,491.5453,986.6539,009.8133,873.2141,139.7842,968.2239,861.00
Accumulated Minority Interest74.0038.0010.001.0014.0019.0020.0019.0024.00
Total Equity40,498.4242,380.6248,501.5453,987.6539,023.8133,892.2141,159.7842,987.2239,885.00
Total Liabilities & Stockholders Equity131,728.36131,142.92143,584.56158,017.05147,119.30124,813.46118,062.38112,503.35111,100.00
Book Value Per Share16.1715.5216.4717.2312.0210.4312.4512.9112.04
Tangible Book Value Per Share15.3014.7715.6216.7511.469.8311.8012.5711.87
Full-Time Employees24,62025,15523,44921,93621,12621,24521,41220,52520,245
Price to Book Ratio2.151.441.772.261.821.311.331.361.55
Return on Assets3.856.397.8918.876.34-4.561.606.724.26
Return on Equity12.2219.3223.2261.9123.42-14.754.3818.1412.25
Return on Invested Capital7.6213.7116.2935.7412.39-8.362.7911.347.17
Quick Ratio1.131.201.601.651.501.421.101.441.18
Current Ratio1.241.311.711.771.591.581.271.571.36

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income40,005.3225,165.7830,868.2137,922.7578,715.1731,477.31-4,277.429,297.1818,818.53
Depreciation10,969.0810,022.989,717.9210,644.886,400.0410,397.099,564.199,816.479,824.04
Other Funds (Non Cash)-25,754.07-17,154.02-23,404.69-28,806.43-45,306.99-8,624.045,670.42-5,616.13-10,093.25
Funds from Operations25,219.3318,034.7417,181.4419,761.1939,808.2233,250.3610,957.1913,497.5318,549.33
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-822.551,998.182,209.574,965.07-4,622.53-4,530.79-526.27259.141,086.80
Cash from Operating Activities24,396.7920,032.9119,391.0124,726.2635,185.6928,719.5710,430.9313,756.6719,636.12
Capital Expenditures-13,037.31-14,037.38-12,130.71-10,585.82-8,623.18-8,013.10-8,512.67-10,209.69-11,333.60
Net Assets From Acquisitions0.03-26.08-1,703.50-1,196.220.00-110.630.00-2,275.27-3,546.55
Sale of Fixed Assets and Businesses2,733.202,463.611,464.41272.28967.371,857.76507.182,609.461,767.79
Purchase or Sale of Investments-1,898.691,575.879,328.40443.45-10,103.27-9,890.79-4,138.83-724.401,933.30
Purchase of Investments-1,898.690.000.000.00-10,103.27-9,890.79-4,138.83-724.400.00
Sale Or Maturity of Investments-1,575.879,328.40443.45----1,933.30
Other Uses-228.810.00-619.64-1,355.38-23.030.000.000.000.00
Other Sources-398.23142.460.001,896.680.000.000.000.00
Cash from Investing Activities-14,048.24-9,625.75-3,518.57-12,421.69-15,885.43-16,156.75-12,144.31-10,599.91-11,179.05
Cash Dividends Paid-3,754.78-4,805.85-8,545.39-10,917.15-5,387.61-1,790.99-2,340.08-3,343.86-2,664.15
Change in Capital Stock-3,886.32-5,934.34-5,990.14-5,594.72-3,319.69-319.93-1,063.58-442.250.00
Repurchase of Common Pref Stock-3,886.32-5,934.34-5,990.14-5,594.72-3,319.69-319.93-1,063.58-442.250.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-2,503.06641.98-1,652.69-225.23-5,359.57-1,475.057,690.12707.39-2,345.09
Change in Long Term Debt---0.00-0.000.00--
Issuance of Long Term Debt---0.00-0.000.00--
Reduction of Long Term Debt---0.00-0.000.00--
Net Financing Active Other Cash Flow0.000.000.000.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.000.000.000.00
Cash from Financing Activities-12,033.63-11,561.73-17,673.56-18,160.56-15,434.80-4,819.823,003.94-5,499.07-5,009.24
Exchange Rate Effect-129.85284.88-357.64-87.09-2,271.21-536.20295.27-38.02-291.14
Net Change in Cash-1,812.93-869.69-2,158.76-5,943.071,594.257,206.801,585.83-2,380.333,156.70
Free Cash Flow11,359.485,995.537,260.3014,140.4526,562.5120,706.481,918.263,546.988,302.53
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow13.0351.66-29.715.384.53-326.8112.52
Deferred Taxes & Investment Tax Credit-0.000.000.000.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments23,994.0523,726.9320,096.1219,333.2022,389.4423,799.68
Short Term Receivables14,147.4411,751.4612,882.0810,819.1110,365.7411,567.33
Inventories4,025.842,916.114,239.033,330.033,735.913,829.11
Other Current Assets7,547.706,121.246,529.044,552.054,955.885,952.17
Total Current Assets49,714.0444,514.7543,746.2638,034.3941,446.9745,150.30
Net Property, Plant & Equipment63,720.4962,952.4762,938.3761,241.6359,959.5158,529.68
Total Investments and Advances16,307.3616,717.6616,627.1016,363.178,598.799,505.27
Intangible Assets6,133.765,973.235,969.042,159.026,419.846,371.18
Deferred Tax Assets5,506.785,196.205,683.035,053.055,038.875,296.15
Other Assets5,828.775,551.226,189.048,877.0914,377.6414,242.41
Total Assets147,210.20140,904.53141,154.84131,728.36135,842.62139,095.00
Short Term Debt Incl. Current Port. of LT Debt5,703.788,176.326,921.045,236.055,882.859,841.28
Accounts Payable13,609.4611,022.4311,374.079,700.1010,428.7410,418.30
Income Tax Payable17,602.3114,326.5613,991.0810,994.1112,660.6811,863.34
Other Current Liabilities5,966.764,924.194,312.034,671.054,748.884,698.14
Total Current Liabilities42,882.3138,449.5136,598.2230,601.3233,721.1636,821.06
Long Term Debt23,957.0624,243.9524,936.1525,984.2725,070.3824,504.70
Provision for Risks Charges4,433.834,335.174,182.0218,791.194,256.894,257.12
Deferred Tax Liabilities15,310.4014,792.5815,041.0914,524.1514,996.6314,913.43
Other Liabilities15,634.3815,949.6316,755.101,329.0117,205.5716,624.48
Total Liabilities102,217.9797,770.8497,512.5891,229.9495,250.6397,120.79
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity44,911.2343,064.6943,571.2640,424.4240,524.9941,922.21
Total Shareholders Equity44,911.2343,064.6943,571.2640,424.4240,524.9941,922.21
Accumulated Minority Interest81.0069.0071.0074.0067.0051.00
Total Equity44,992.2343,133.6943,642.2640,498.4240,591.9941,973.21
Total Liabilities & Stockholders Equity147,210.20140,904.53141,154.84131,728.36135,842.62139,094.00
Book Value Per Share19.2417.2217.4316.1716.2615.37
Tangible Book Value Per Share16.6114.8315.0415.3013.6913.03
Full-Time Employees---24,620--
Price to Book Ratio2.151.802.611.451.591.50
Return on Assets8.366.483.993.854.236.02
Return on Equity27.7021.3612.4512.2313.4919.21
Return on Invested Capital3.707.184.591.97-0.321.99
Quick Ratio1.071.081.081.131.121.12
Current Ratio1.161.161.201.241.231.23

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income11,386.5712,999.959,856.205,762.604,653.775,856.41
Depreciation3,117.402,710.042,559.132,582.522,616.832,503.15
Other Funds (Non Cash)-6,334.71-8,052.28-6,327.03-5,040.04-1,933.61-6,359.88
Funds from Operations8,169.257,657.706,088.313,304.075,336.991,999.67
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-598.221,805.89-815.28-1,214.931,011.42554.69
Cash from Operating Activities7,571.039,463.585,273.032,089.146,348.402,554.36
Capital Expenditures-2,881.48-2,857.98-3,151.88-4,145.96-3,420.25-3,444.18
Net Assets From Acquisitions0.000.000.000.030.06-0.17
Sale of Fixed Assets and Businesses47.09559.3589.012,037.74-0.98343.85
Purchase or Sale of Investments-1,368.77-529.93552.29-1,605.46506.471,168.00
Purchase of Investments-1,368.77-529.930.000.000.001,168.00
Sale Or Maturity of Investments--552.29-1,605.46506.47-
Other Uses-134.46-49.84-44.510.0045.30-45.30
Other Sources----12.20126.56-122.00
Cash from Investing Activities-4,335.61-3,431.69-2,555.09-3,725.85-2,742.84858.94
Cash Dividends Paid-941.10-967.31-930.59-915.78-935.36-1,043.71
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-3,148.06-81.17-274.12-382.97-4,730.89-271.47
Repurchase of Common Pref Stock-3,148.06-81.17-274.12-382.97-4,730.89-271.47
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-362.98-2,428.07-227.59197.031,065.09184.86
Net Financing Active Other Cash Flow0.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.00
Cash from Financing Activities-4,868.52-3,902.97-1,836.91-1,425.24-4,993.18-1,514.32
Exchange Rate Effect-134.4813.9513.15-22.4744.60193.75
Net Change in Cash-1,767.572,142.87894.18-3,082.40-1,345.032,093.74
Free Cash Flow4,689.556,605.602,121.15-2,056.822,928.16-889.81
Price to Free Cash Flow13.0313.09-50.0160.1563.16

Revenue breakdown

Crude Oil2024: 58.25B 2025: 58.40B
Natural gas2024: 22.19B 2025: 25.29B
Natural gas liquids2024: 7.75B 2025: 7.04B
Other products2024: 649.00M 2025: 778.00M
Power2024: 1.88B 2025: 2.10B
Refined products2024: 9.24B 2025: 10.38B
Trasnsportation2024: 1.33B 2025: 1.26B
Norway2024: 101.30B 2025: 105.24B
Total Petroleum Refining revenue2024: 101.30B 2025: 105.24B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.74%17.6M2390.7M3.56M
2026-10-150.78%18.7M2390.7M3.57M
2026-09-300.73%17.4M2390.7M3.47M
2026-09-150.66%15.7M2390.7M3.41M
2026-08-310.68%16.4M2390.7M3.50M
2026-08-140.78%18.6M2390.7M3.75M
2026-07-310.82%19.5M2390.7M3.95M
2026-07-150.81%19.4M2390.7M4.09M
2026-06-300.96%24.3M2534.9M4.74M
2026-06-150.94%23.8M2534.9M6.00M
2026-05-290.87%22.2M2534.9M7.18M
2026-05-150.90%22.7M2534.9M7.29M
2026-04-300.88%22.4M2534.9M7.66M
2026-04-150.81%20.5M2534.9M7.66M
2026-03-310.70%17.8M2534.2M7.47M
2026-03-130.79%20.0M2534.2M5.81M
2026-02-271.20%30.3M2534.2M4.52M
2026-02-131.12%28.4M2534.2M4.54M
2026-01-301.10%27.9M2534.9M4.08M
2026-01-151.03%26.1M2534.9M3.99M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call34.005.908.500.001.6170.000.000.916-0.0530.010
call35.005.107.506.351.4667.000.000.906-0.0510.011
call36.003.906.507.001.3162.000.000.895-0.0480.012
call37.002.955.308.501.0641.000.000.879-0.0460.013
call38.002.004.604.991.0611.000.000.837-0.0510.016
call39.001.153.607.800.90310.000.000.713-0.0910.022
call40.001.401.951.600.46217.000.000.666-0.0720.023
call41.000.901.301.010.44111414.000.557-0.0690.025
call42.000.051.000.600.50677.003.000.437-0.0740.025
call43.000.301.400.350.65325230.000.365-0.0880.024
call44.000.000.450.200.5286630.000.250-0.0650.020
call45.000.050.350.110.5741,4924420.198-0.0620.018
call46.000.000.350.070.6643006.000.162-0.0590.016
call47.000.000.350.050.7499070.000.148-0.0630.015
call48.000.000.700.100.8306400.000.137-0.0660.014
call49.000.000.350.050.9061,7860.000.128-0.0690.013
call50.000.000.500.030.9802,5970.000.120-0.0710.013
call55.000.000.200.051.15159710.000.066-0.0540.008
call60.000.001.100.051.41165.000.000.056-0.0580.007
call65.000.000.050.051.5602150.000.040-0.0490.006
put34.000.001.200.000.9600.000.00-0.083-0.0540.010
put35.000.001.150.100.85054.000.00-0.093-0.0510.011
put36.000.001.150.050.74112.000.00-0.105-0.0490.012
put37.000.000.350.150.63249.000.00-0.120-0.0460.013
put38.000.100.250.200.5221,1101,378-0.162-0.0510.016
put39.000.000.800.340.6911,5971.00-0.286-0.0910.022
put40.000.100.900.600.5841,6611.00-0.333-0.0720.023
put41.000.801.151.040.51350524.00-0.442-0.0690.025
put42.001.501.751.660.5397971.00-0.562-0.0740.025
put43.002.102.602.800.6253690.00-0.634-0.0880.024
put44.002.753.503.690.7091,0570.00-0.749-0.0640.020
put45.002.905.405.951.2151,1040.00-0.801-0.0610.018
put46.003.806.303.071.2907970.00-0.837-0.0590.016
put47.004.607.602.801.5293990.00-0.851-0.0620.015
put48.005.908.207.741.45880.000.00-0.862-0.0650.014
put49.006.809.402.201.64770.000.00-0.871-0.0680.013
put50.007.9010.407.171.74114.000.00-0.879-0.0700.013
put55.0012.8015.609.342.2581.000.00-0.933-0.0520.008
put60.0017.5020.600.002.6160.000.00-0.943-0.0560.007
put65.0022.4025.600.002.9280.000.00-0.982-0.0180.003

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-10SEC
2026-11-036-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-03SEC
2026-10-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-28SEC
2026-10-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-28SEC
2026-10-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-28SEC
2026-10-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-10-276-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-27SEC
2026-10-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-20SEC
2026-10-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-20SEC
2026-10-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-13SEC
2026-10-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-06SEC
2026-10-026-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-02SEC
2026-09-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-29SEC
2026-09-226-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-22SEC
2026-09-186-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-18SEC
2026-09-156-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-15SEC
2026-09-086-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-08SEC
2026-09-016-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-01SEC
2026-08-276-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-27SEC
2026-08-256-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-25SEC
2026-08-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-20SEC
2026-08-196-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-19SEC
2026-08-186-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-18SEC
2026-08-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-14SEC
2026-08-13SCHEDULE 13GSEC
2026-08-116-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-11SEC
2026-08-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-04SEC
2026-07-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-28SEC
2026-07-226-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-22SEC
2026-07-226-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-22SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
FOLKETRYGDFONDET3.59%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP0.55%
MORGAN STANLEY0.47%
GOLDMAN SACHS GROUP INC0.26%
BANK OF AMERICA CORP /DE/0.22%
EARNEST PARTNERS LLC0.17%
RENAISSANCE TECHNOLOGIES LLC0.08%
BlackRock, Inc.0.07%
VOLORIDGE INVESTMENT MANAGEMENT, LLC0.07%
FMR LLC0.06%

Funds

Fund% owned
VANGUARD WELLINGTON FUND3.06%
DFA ONE-YEAR FIXED INCOME PORTFOLIO0.93%
Bond Fund of America0.89%
VANGUARD TOTAL BOND MARKET INDEX FUND0.82%
PGIM Total Return Bond Fund0.70%
VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND0.68%
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO0.61%
Nuveen Core Impact Bond Fund0.54%
VANGUARD LONG-TERM INVESTMENT-GRADE FUND0.52%
American Balanced Fund0.52%

OakChart. EQNR. Cached 15 minutes.

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