Equinor revenue and financials
Secondary listing. The primary listing is Equinor · Oslo Børs (NOK)
$43.01Change from previous close: +1.56%Absolute change: +$0.66
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 assets | 131,727 | 131,141 | 143,580 | 158,021 | 147,120 | 124,809 | 119,861 | 112,508 | 111,100 | 104,530 |
| Current assets | 38,940 | 53,194 | 60,990 | 77,152 | 61,826 | 30,824 | 24,778 | 26,056 | 25,820 | 24,859 |
| Cash and equivalents | 5,036 | 5,903 | 8,070 | 9,451 | 13,987 | 6,757 | 5,177 | 7,556 | 4,390 | 5,090 |
| Short-term investments | 14,297 | 15,335 | 29,224 | 29,876 | 21,246 | — | — | — | — | — |
| Receivables | 11,075 | 14,204 | 18,504 | 22,452 | 17,927 | — | — | — | — | — |
| Inventory | 3,330 | 4,031 | 3,814 | 5,205 | 3,395 | — | — | — | — | — |
| Net property, plant and equipment | 61,241 | 55,560 | 59,991 | 56,498 | 62,075 | — | — | — | — | — |
| Goodwill | 1,838 | 1,443 | 1,733 | 1,380 | 1,467 | — | — | — | — | — |
| Other intangible assets | 4,112 | 4,211 | 2,806 | 3,778 | 4,985 | — | — | — | — | — |
| Long-term investments | 15,343 | 8,087 | 5,949 | 5,491 | 6,032 | — | — | — | — | — |
| Current liabilities | 30,780 | 36,047 | 35,719 | 43,539 | 39,005 | 19,502 | 19,557 | 16,605 | 19,017 | 16,744 |
| Accounts payable | 4,831 | 6,838 | 9,556 | 6,208 | 6,249 | — | — | — | — | — |
| Long-term debt | 23,763 | 21,536 | 24,630 | 26,688 | 27,655 | 31,091 | 23,758 | 24,212 | 27,090 | 30,556 |
| Total debt | 31,220 | 30,095 | 31,795 | 32,167 | — | — | — | — | — | — |
| Total liabilities | 91,230 | 88,761 | 95,080 | 104,032 | 108,096 | 90,917 | 78,702 | 69,519 | 71,214 | 69,431 |
| Total equity (incl. minority) | 40,498 | 42,380 | 48,500 | 53,989 | 39,024 | — | — | — | — | — |
| Retained earnings | 48,029 | 52,407 | 56,521 | 58,236 | 36,683 | — | — | — | — | — |
| Minority interest | 74.0 | 38.0 | 10.0 | 1.0 | 14.0 | — | — | — | — | — |