EQNR Equinor ASA

Margins & Returns

Based in Stavanger, Norway, Equinor ASA is a global energy enterprise founded in 1972, formerly known as Statoil ASA until its rebranding in May 2018. The company is deeply involved in all stages of the petroleum industry, encompassing the discovery, extraction, transportation, refining, and commercialization of crude oil, refined products, and other energy sources both domestically in Norway and across international markets. Its extensive operations are structured across multiple divisions, including Exploration & Production in Norway, International, and USA; Marketing, Midstream & Processing; Renewables; and other supporting functions. Beyond its core oil and gas activities, which include the transport, processing, manufacturing, marketing, and trading of commodities like crude, condensate, natural gas, and liquefied natural gas, Equinor also participates in the trading of electricity and emission allowances. The company operates a range of critical infrastructure, such as refineries, terminals, processing facilities, and power plants. Demonstrating a commitment to sustainable energy, Equinor actively develops low-carbon solutions for its oil and gas ventures and invests in renewable energy projects, notably wind power and carbon capture and storage (CCS) technologies. As of December 31, 2021, Equinor reported proven oil and gas reserves totaling 5,356 million barrels of oil equivalent. The company maintains strategic partnerships with entities like Vårgrønn, RWE Renewables, and Hydro REIN.