How Does Equinor Company Work?

A key differentiator for Equinor is its profound expertise in offshore operations, particularly on the Norwegian Continental Shelf (NCS), where it holds a leading operator position. This extensive experience is directly transferable to its expanding offshore wind business, establishing Equinor as a leader in floating offshore wind power, with notable projects such as Hywind Tampen and Hywind Scotland. The company's global supply chain and strategic partnerships ensure a reliable energy supply across diverse markets.

• Equinor's deep expertise in offshore operations is a core strength.
• This expertise is leveraged for both hydrocarbon production and renewable energy projects.
• The company aims to significantly increase its renewable energy capacity by 2030.
• Investments in CCS demonstrate a commitment to industrial decarbonization.
• Equinor's strategy focuses on providing energy security while transitioning to cleaner sources, as detailed in Revenue Streams & Business Model of Equinor.

Equinor's financial performance in early 2025 was robust, driven by favorable commodity prices. The company's strategic focus on value creation is evident in its investment decisions and commitment to shareholder returns.

• Total revenues and other income in 2024: USD 103.774 billion.
• Q1 2025 adjusted operating income: USD 8.65 billion.
• Realized European gas prices (Q1 2025): USD 14.8 per mmbtu.
• Realized liquids prices (Q1 2025): USD 70.6 per bbl.
• Planned capital distribution to shareholders for 2025: USD 9 billion.
• Planned renewable investments (2025-2027): Approximately USD 5 billion.

Equinor's integrated value chain, spanning exploration to marketing, provides significant economies of scale, underpinning its Equinor business model. The company is actively optimizing its oil and gas portfolio for reduced emissions and is developing new market opportunities in low-carbon solutions, adapting its investment pace in renewables to current market conditions.

• Expertise in complex offshore operations.
• Strong position on the Norwegian Continental Shelf.
• Early mover advantage in floating offshore wind.
• Integrated value chain from exploration to marketing.
• Focus on optimizing oil and gas for lower emissions.
• Selective pursuit of high-value renewable growth.
• Development of low-carbon market opportunities.
• Adaptation of renewable investment pace to market realities.

Equinor's future strategy is built on a balanced approach to the energy transition. The company plans to increase its oil and gas production by over 10% between 2024 and 2027, with projected production around 2.2 million barrels of oil equivalent per day by 2030, while sustaining high production levels on the Norwegian Continental Shelf until 2035. Investments in renewables and low-carbon solutions are being managed with a more selective, value-driven approach, with approximately USD 5 billion allocated for 2025-2027. This aligns with its commitment to reduce operated greenhouse gas emissions by 50% from 2015 levels by 2030 and achieve net zero emissions by 2050 across all scopes. This strategy aims to ensure competitive shareholder returns, targeting a return on average capital employed above 15% towards 2030 through portfolio optimization and enhanced cost efficiency. Understanding Equinor's Marketing Strategy of Equinor provides further insight into its business model and how it communicates its operations.

• Equinor's oil and gas production is expected to increase by more than 10% from 2024 to 2027.
• The company aims for production of approximately 2.2 million barrels of oil equivalent per day by 2030.
• Investments in renewables for 2025-2027 are projected to be around USD 5 billion.
• Equinor is committed to reducing operated greenhouse gas emissions by 50% by 2030 and achieving net zero by 2050.
• The company targets a return on average capital employed above 15% towards 2030.