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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 140,899 | 141,154 | 131,727 | 135,846 | 139,091 | 137,896 | 131,141 | 135,117 | 134,142 | 137,199 | 143,580 | 139,430 |
| Current assets | 45,433 | 45,906 | 38,940 | 52,152 | 56,096 | 54,568 | 53,194 | 50,538 | 52,581 | 57,758 | 62,054 | 36,679 |
| Cash and equivalents | 8,062 | 5,884 | 5,036 | 8,114 | 9,472 | 7,370 | 5,903 | 8,002 | 8,641 | 9,737 | 9,641 | 14,944 |
| Short-term investments | 15,664 | 14,212 | 14,297 | 14,276 | 14,327 | 17,478 | 15,335 | 22,712 | 23,360 | 27,534 | 29,224 | — |
| Receivables | 11,751 | 12,882 | 11,075 | 10,366 | 11,567 | 12,718 | 14,204 | 10,583 | 11,124 | 10,944 | 14,006 | 15,053 |
| Inventory | 2,916 | 4,239 | 3,330 | 3,736 | 3,829 | 3,210 | 4,031 | 3,258 | 3,188 | 3,534 | 3,814 | 4,834 |
| Net property, plant and equipment | 62,950 | 62,938 | 61,241 | 59,961 | 58,528 | 59,792 | 55,560 | 60,728 | 58,540 | 57,377 | 58,822 | 55,930 |
| Goodwill | — | — | 1,838 | — | — | — | 1,443 | — | — | — | 1,733 | — |
| Other intangible assets | 5,973 | 5,969 | 4,112 | 6,420 | 6,371 | 6,223 | 4,211 | 6,330 | 6,245 | 5,646 | 3,976 | 5,732 |
| Long-term investments | 15,739 | 15,808 | 15,343 | 7,787 | 8,793 | 8,473 | 8,087 | 6,252 | 5,991 | 5,697 | 5,949 | 30,715 |
| Current liabilities | 38,627 | 37,048 | 30,780 | 35,207 | 38,270 | 35,537 | 36,047 | 33,877 | 34,223 | 30,643 | 36,190 | 34,623 |
| Accounts payable | 11,022 | 11,374 | 4,831 | 10,429 | 10,418 | 10,408 | 6,838 | 9,162 | 9,173 | 8,983 | 5,316 | 11,573 |
| Long-term debt | 21,594 | 22,162 | 23,763 | 22,903 | 22,356 | 20,496 | 19,361 | 20,200 | 20,703 | 22,039 | 22,230 | 22,205 |
| Total debt | 32,419 | 31,857 | 31,220 | 30,954 | 34,345 | — | — | — | — | — | — | — |
| Total liabilities | 97,767 | 97,512 | 91,229 | 95,253 | 97,119 | 92,032 | 88,761 | 90,732 | 90,442 | 87,118 | 95,080 | 90,697 |
| Total equity (incl. minority) | 43,132 | 43,642 | 40,498 | 40,593 | 41,972 | 45,864 | 42,380 | 44,385 | 43,700 | 50,081 | 48,500 | 48,733 |
| Retained earnings | 50,779 | 50,994 | 48,029 | 47,945 | 49,215 | 54,550 | 52,407 | 52,439 | 52,634 | 59,184 | 56,521 | 59,849 |
| Minority interest | 69.0 | 71.0 | 74.0 | 67.0 | 51.0 | 44.0 | 38.0 | 33.0 | 29.0 | 14.0 | 10.0 | 15.0 |