EQUINOR ASA
Score · fiscal year 2023
59of 100
How to read this: the company is ahead of 68 % of large companies in the same sector in 2023. What does this mean?
Rank: 176 of 565 · Olje og gass
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 47 and solidity 58 out of 100 among large companies in the same sector in 2023. Methodology
Against the sector
EQUINOR ASA is 9 points above the median for large companies in the same sector in 2023.
Median score 50 among 88 companies.
Against large companies in the same sector in 2023: operating margin 14.7% (median 14.7%) and equity ratio 36.3% (median 30.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 765,328 MNOK | 2,591 MNOK |
| Operating margin | 14.7% | 14.7% |
| Profit margin | 17.0% | 14.1% |
| Return on assets | 12.1% | 14.5% |
| Equity ratio | 36.3% | 30.9% |
| Debt-to-equity | 1.76 | 2.12 |
| Current ratio | 1.13 | 1.08 |
| Revenue growth | – | 12.6% |
| Revenue per employee | 36.05 MNOK | 4.15 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 59, EQUINOR ASA does better than 68% of large companies in the same sector (88 companies) in 2023.
Score 2023–2025
- EQUINOR ASA
- Median: large companies in the same sector
What the numbers say
EQUINOR ASA had an operating margin of 14.7% and an equity ratio of 36.3% in 2023, and ranks 176 of 565 in Olje og gass.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 46,173 MUSD and 116,810 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 116,810 MUSD |
| EV/EBIT | 8.0 | 90,852 MUSD |
| P/B | 1.0 | 46,173 MUSD |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.8% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 47 | weight 30% |
|---|---|---|
| Solidity | 58 | weight 25% |
| Liquidity | 57 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 85 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is EQUINOR ASA?
The operating margin was 14.7% in 2023, against a median of 14.7% among large companies in the same sector. Return on assets was 12.1%.
How solid is EQUINOR ASA?
The equity ratio was 36.3% in 2023 (median 30.9%). Debt-to-equity was 1.76 (median 2.12).
What is the liquidity of EQUINOR ASA like?
The current ratio was 1.13 in 2023 (median 1.08).
How does EQUINOR ASA compare in Olje og gass?
EQUINOR ASA ranks 176 of 565 in Olje og gass for 2023. Among companies of the same size (large companies) it ranks 29 of 88.
Group accounts · 2025
55 of 100
Rank 389 of 975 groups with group accounts. Groups are ranked only against each other, not against single companies.
The group accounts are in USD. We show ratios, not amounts.
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | 23.8% | – |
| Return on assets | 20.1% | – |
| Equity ratio | 30.7% | – |
| Current ratio | 1.27 | – |
| Revenue growth | 2.6% | – |
Group index in earlier years: 2023: 71 (214 of 1176), 2024: 56 (354 of 994).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 923609016
- Legal form
- ASA · part of a group
- Sector
- Olje og gass (06.100)
- Size tier
- large
- Employees
- 21,231 registered 10 October 2026
- Founded
- 18 September 1972 54 years in operation
- Share capital
- 5,976.87 MNOK
- Business address
- Forusbeen 50, 4035 STAVANGER
- Municipality
- Stavanger rank 5–9 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.equinor.com
- LEI
- OW6OFBNCKXC4US5C7523 renews 9 November 2027
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Anders Opedal
- Chair of the board
- Jarle Kjell Roth
- Board member
- Haakon Stephen Bruun-Hanssen
- Board member
- Fernanda Lopes Larsen
- Board member
- Hilde Møllerstad
- Board member
- Frank Indreland Gundersen
- Board member
- Geir Leon Vadheim
- Board member
- Anne Drinkwater
- Board member
- Mikael Roland Karlsson
- Board member
- Dawn Summers
- Deputy member
- Hans Einar Haldorsen
- Deputy member
- Anette Heggholmen
- Deputy member
- Terje Werner Hansen
- Auditor
- ERNST & YOUNG AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 59 | 53 | 46 | |
| Rank | 176 | 244 | 328 | |
| Operating margin | 14.7% | 14.3% | 8.2% | |
| Return on assets | 12.1% | 10.0% | 8.1% | |
| Equity ratio | 36.3% | 37.6% | 37.9% | |
| Current ratio | 1.13 | 1.07 | 0.88 | |
| Revenue growth | – | 0.1% | −6.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2023–31 December 2023: 10.5647 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 72,442.0 MUSD | 72,543.0 MUSD | 67,956.0 MUSD |
| Operating profit | 10,658.0 MUSD | 10,347.0 MUSD | 5,563.0 MUSD |
| Profit before tax | 12,299.0 MUSD | 8,168.0 MUSD | 6,124.0 MUSD |
| Net profit | 11,681.0 MUSD | 8,141.0 MUSD | 5,731.0 MUSD |
| Financial expenses | 3,085.0 MUSD | 2,695.0 MUSD | 2,259.0 MUSD |
| Total assets | 127,220.0 MUSD | 109,150.0 MUSD | 103,432.0 MUSD |
| Current assets | 58,045.0 MUSD | 45,079.0 MUSD | 32,526.0 MUSD |
| Equity | 46,173.0 MUSD | 41,090.0 MUSD | 39,182.0 MUSD |
| Retained earnings | 45,072.0 MUSD | 40,038.0 MUSD | 38,187.0 MUSD |
| Total liabilities | 81,047.0 MUSD | 68,060.0 MUSD | 64,249.0 MUSD |
| Current liabilities | 51,318.0 MUSD | 42,024.0 MUSD | 36,924.0 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5027443.
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