Equinor ASA (EQNR) — Financial statements
Income statement, balance sheet, and cash flow for Equinor ASA — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 106,156↑3.6% | 102,502↓4.1% | 106,848↓28.3% | 149,004↑67.9% | 88,744 | |
| Cost of Revenue | 77,661↑29.7% | 59,875↑1.8% | 58,809↓2.3% | 60,197↑28.4% | 46,879 | |
| Gross Profit | 28,495↓33.2% | 42,627↓11.3% | 48,039↓45.9% | 88,807↑112.1% | 41,865 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,211↓3.5% | 1,255↑3.0% | 1,218↑23.5% | 986↑26.4% | 780 | |
| Other Expenses | 0.00↓100.0% | 10,445↓5.5% | 11,051↑22.7% | 9,010↑21.4% | 7,422 | |
| Operating Expenses | 1,211↓89.7% | 11,700↓4.6% | 12,269↑22.7% | 9,996↑21.9% | 8,202 | |
| Total Costs & Expenses | 78,872↑10.2% | 71,575↑0.7% | 71,078↑1.3% | 70,193↑27.4% | 55,081 | |
| Operating Results | ||||||
| Operating Income | 27,284↓11.8% | 30,927↓13.5% | 35,770↓54.6% | 78,811↑134.1% | 33,663 | |
| Depreciation & Amortization | 9,867↓0.4% | 9,906↓6.4% | 10,581↑57.2% | 6,733↓42.5% | 11,719 | |
| EBITDA | 36,458↓13.1% | 41,949↓15.4% | 49,587↓42.5% | 86,266↑95.7% | 44,071 | |
| EBIT | 26,590↓17.0% | 32,043↓17.9% | 39,006↓51.0% | 79,533↑145.8% | 32,352 | |
| Interest & Other Income | ||||||
| Net Interest Income | -262↓135.2% | 744↓32.9% | 1,109↑454.5% | 200↑130.4% | -657 | |
| Interest Income | 1,179↓34.6% | 1,801↓19.3% | 2,231↑97.6% | 1,129↑908.0% | 112 | |
| Interest Expense | 1,440↑36.3% | 1,057↓5.8% | 1,122↑20.8% | 929↑20.8% | 769 | |
| Non-Operating Income | 694↑162.2% | -1,116↑65.5% | -3,236↓348.2% | -722↓155.1% | 1,311 | |
| Other Income / Expenses | -2,119↓3690.8% | 59↓97.2% | 2,114↑1121.3% | -207↑90.0% | -2,080 | |
| Income Before Tax | 25,166↓18.8% | 30,986↓18.2% | 37,884↓51.8% | 78,604↑148.9% | 31,583 | |
| Income Tax Expense | 20,092↓9.3% | 22,157↓14.7% | 25,980↓47.9% | 49,861↑116.7% | 23,007 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 5,074↓42.5% | 8,829↓25.8% | 11,904↓58.6% | 28,743↑235.2% | 8,576 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 5,059↓42.6% | 8,806↓25.9% | 11,885↓58.7% | 28,746↑235.7% | 8,563 | |
| Bottom-Line Net Income | 5,059↓42.6% | 8,806↓25.9% | 11,885↓58.7% | 28,746↑235.7% | 8,563 | |
| EPS (Basic) | 1.95↓37.5% | 3.12↓20.6% | 3.93↓56.6% | 9.06↑243.2% | 2.64 | |
| EPS (Diluted) | 1.95↓37.3% | 3.11↓20.9% | 3.93↓56.5% | 9.03↑243.3% | 2.63 | |
| Weighted Average Shares | 2,593↓8.1% | 2,821↓6.6% | 3,021↓4.8% | 3,174↓2.2% | 3,245 | |
| Weighted Average Diluted Shares | 2,601↓8.0% | 2,827↓6.6% | 3,027↓4.9% | 3,183↓2.2% | 3,254 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.