Equinor ASA
EQNR · Price history
Price at last available close
$43.01
−$2.10 (-4.66%) 1M
2026-10-09
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Company & revenue
About Equinor ASA
Financial breakdown: year ended 2025-12-31 · Research updated Oct 7, 2026
Who they are
Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments. The company engages in the discovery and appraisal of new resources, as well as commercial development and operation of the oil and gas portfolios; oil and gas field development, well deliveries, and sourcing; research, technology development, specialist advisory services, digitalization, IT, improvement, innovation, and ventures and future business; and developing, exploring, investing in, and operating areas within renewable energy, such as offshore wind, green hydrogen, storage solutions, and solar power.
How they make money
Equinor is an international energy company that explores for, produces, transports, and markets oil, gas, and renewable energy. The company generates revenue primarily through the sale of crude oil, natural gas, and refined petroleum products, while increasingly integrating power generation from renewable and flexible assets into its business model.
Products & services
Crude oil, natural gas, natural gas liquids, refined petroleum products, and electricity generated from renewable and flexible power sources.
Product / operating segments
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Disclosed major customers
- Pražská plynárenskáSource
Customer concentration
Equinor does not disclose specific customer concentration percentages in its 2025 annual report, though it notes sales to a diverse range of international energy markets.
Suppliers, materials & equipment
- Oilfield services and equipment providers — Various contractors and suppliers providing drilling, subsea, and maintenance services for offshore and onshore operations.Source
Competitors
- Shell — Integrated energy company competing in global oil, gas, and renewable energy markets.Source
- BP — Integrated energy company competing in global oil, gas, and renewable energy markets.Source
- TotalEnergies — Integrated energy company competing in global oil, gas, and renewable energy markets.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
50
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
64
Fair
Financial Strength
71
Business Quality / Moat
40
Management
95
Growth Quality
39
Risk / Durability
84
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
39
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
48/100
Building Historical Record
Model Score 48/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for EQNR
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can EQNR maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is EQNR's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is EQNR's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify EQNR's current valuation?
Essential Investment Snapshot
Wall Street Score
50
Opportunity Score
39
Market Cap
$102.83B
P/E Ratio
11.3
EPS
$3.67
52-Week High
$45.84
52-Week Low
$22.26
Beta
-0.73
Intrinsic Value
$31.20
Analyst Target
$85.00
Shares Outstanding
2.60B
Total Revenue
$113.62B
Total Debt
$32.42B
Dividend
No current dividend
Liquidation Value / Share
$16.58
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for EQNR
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on EQNR.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Strong operational performance on the Norwegian Continental Shelf.
- +Record-high production levels.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Oil & Gas Integrated industry.
- −Geopolitical tension.
- −Market volatility and uncertainty.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
50
Sep 21, 2026
Change
+0.1
points
Current Score
50
Oct 1, 2026
Category Changes
EQNR increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
54
Projected Change
+4.6%
Preliminary comparable-period financial changes suggest improvement of approximately 4.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$43.01
Model Intrinsic Value
$31.20
Difference
+$11.81
+37.9% vs IV
Margin of Safety
-37.9%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $113.62B | $106.16B | $102.50B | $106.85B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $70.26B | $77.66B | $59.88B | $58.81B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $43.36B | $28.50B | $42.63B | $48.04B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $1.14B | $1.21B | $1.25B | $1.22B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $10.37B | $1.21B | $11.70B | $12.27B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $46.11B | $36.46B | $41.95B | $49.59B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $32.99B | $27.28B | $30.93B | $35.77B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $1.63B | $1.44B | $1.06B | $1.12B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $33.20B | $25.17B | $30.99B | $37.88B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $24.15B | $20.09B | $22.16B | $25.98B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $9.06B | $5.06B | $8.81B | $11.88B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $3.67 | $1.95 | $3.12 | $3.93 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 2.43B | 2.59B | 2.82B | 3.02B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 2.44B | 2.60B | 2.83B | 3.03B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Earnings analysis is not currently available.
Insider Activity
Guru / Smart Money
Guru Score
30
Smart Money
30
Number of Gurus
2
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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Premium unlocks the full historical outperformance record: completed predictions, results chart, win rate, and calibration statistics.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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