Equinor revenue and financials
Secondary listing. The primary listing is Equinor · Oslo Børs (NOK)
$42.66Change from previous close: +0.22%Absolute change: +$0.09
In the fiscal year ended December 2025, Equinor reported revenue of $106.46B (+2.59% year over year). Net income was $5.04B, a net margin of 4.7%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +2.59%
- 2025 vs 2024
- Net income growth
- −42.73%
- 2025 vs 2024
- Net margin
- 4.7%
- 2024: 8.5%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 106,462 | 103,774 | 107,174 | 150,806 | 90,924 | 45,818 | 64,357 | 79,593 | 61,187 | 45,873 |
| Cost of revenue | 55,164 | 50,040 | 48,175 | 53,806 | 35,160 | 20,986 | 29,532 | 38,516 | 28,212 | 21,505 |
| Gross profit | 38,346 | 42,627 | 48,039 | 88,807 | — | — | — | — | — | — |
| Selling, general and administrative | 1,207 | 1,255 | 1,218 | 986 | — | — | — | — | — | — |
| Research and development | 352 | 348 | 311 | 308 | 291 | 254 | 300 | 315 | 307 | 298 |
| Operating income | 25,352 | 30,927 | 35,770 | 78,811 | 33,663 | -3,423 | 9,299 | 20,137 | 13,771 | 80.0 |
| EBIT | 25,920 | 32,043 | 39,006 | 79,533 | — | — | — | — | — | — |
| EBITDA | 38,393 | 41,949 | 49,587 | 86,266 | — | — | — | — | — | — |
| Interest expense | 832 | 1,057 | 1,122 | 929 | — | — | — | — | — | — |
| Pre-tax income | 25,088 | 30,986 | 37,884 | 78,604 | — | — | — | — | — | — |
| Income tax | 20,030 | 22,157 | 25,980 | 49,861 | 23,007 | 1,237 | 7,441 | 11,335 | 8,822 | 2,724 |
| Net income | 5,043 | 8,806 | 11,885 | 28,746 | 8,563 | -5,510 | 1,843 | 7,535 | 4,590 | -2,922 |
| Net income to common shareholders | 5,043 | 8,806 | 11,885 | 28,746 | — | — | — | — | — | — |
| Basic EPS | 1.94 | 3.12 | 3.93 | 9.06 | 2.64 | -1.69 | 0.55 | 2.27 | 1.40 | -0.91 |
| Diluted EPS | 1.94 | 3.11 | 3.93 | 9.03 | 2.63 | -1.69 | 0.55 | 2.27 | 1.40 | -0.91 |
| Average shares (basic) | 2,593 | 2,821 | 3,021 | 3,173 | — | — | — | — | — | — |
| Average shares (diluted) | 2,601 | 2,827 | 3,027 | 3,182 | — | — | — | — | — | — |