Overview
Equinor, the only Norwegian company in the European top 25, reported fiscal 2025 revenue of US$106.5bn, up 2.59% on the prior year in dollar terms.[1] With 23,843 employees it has the smallest workforce among the 25 largest companies.[1] Established in 1972 as Statoil and majority-owned by the Norwegian state, the Stavanger company explores for and produces oil and gas, trades energy and has expanded into offshore wind.[17]
Equinor ASA strengths and limitations
Strengths
- Revenue grew 2.6% while most peers declined
- Large offshore production base
Limitations
- Profit of US$5,043m is below that of larger European peers
- Earnings closely tied to European gas prices
Appears in
Equinor ASA peers and competitors
Companies ranked in the same lists as Equinor ASA.
Shell plc- BP p.l.c.
- TotalEnergies SE
- Gazprom
- Valero Energy
- Sinopec Group
- ExxonMobil
Chevron
Phillips 66
Marathon Petroleum- China National Offshore Oil
- Reliance Industries
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