Equinor revenue and financials

EQNR · NYSE · USD

Secondary listing. The primary listing is Equinor · Oslo Børs (NOK)

$43.01+1.56%+$0.66

Close · October 6, 2026

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%.

Annual revenue · 2025: $106.46B
  1. $45.87B2016
  2. $61.19B2017
  3. $79.59B2018
  4. $64.36B2019
  5. $45.82B2020
  6. $90.92B2021
  7. $150.81B2022
  8. $107.17B2023
  9. $103.77B2024
  10. $106.46B2025

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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue34,52327,81625,29726,01725,13029,38426,53525,41625,46125,08928,84325,924
Cost of revenue19,00316,07915,98516,97215,49118,28615,49115,62214,90614,55216,67914,689
Gross profit15,52011,7379,3129,0459,63911,09811,0449,79410,55510,53712,16411,235
Selling, general and administrative273309455258329323433304348341532295
Operating income12,4678,7565,3055,9896,6608,4837,2106,7687,5477,5928,1748,297
EBIT12,4678,7565,3055,9896,6608,4837,2106,7687,5477,5928,1748,297
EBITDA15,05911,2866,9248,6079,13210,6488,6209,2039,92610,0119,64110,774
Interest expense435433-210366351325—370394416—412
Pre-tax income13,0309,7435,7704,6675,7598,8938,1887,2717,5317,9989,3377,466
Income tax8,1946,6394,4564,8704,4416,2636,1884,9865,6585,3256,7294,965
Net income4,8483,1061,314-2101,3132,6271,9962,2821,8612,6682,6032,497
Net income to common shareholders4,8483,1061,314-2101,3132,6271,9962,2821,8612,6682,6032,497
Basic EPS1.991.240.52-0.080.500.970.730.830.650.910.880.84
Diluted EPS1.991.240.52-0.080.500.960.720.820.650.910.880.84
Average shares (basic)2,4312,4962,5092,5272,6222,7192,7392,7602,8502,9382,9542,971
Average shares (diluted)2,4392,5032,5182,5352,6292,7242,7462,7672,8562,9422,9612,978
Dividend per share0.390.390.390.370.370.370.370.350.350.350.350.30