Revenue distribution by industry:

• Oil and Gas: approx. 70%
• Renewable Energies: approx. 20%
• Other energy services: approx. 10%

TOP 3 markets:

• Norway: approx. 35%
• United States: approx. 25%
• United Kingdom: approx. 15%

Equinor ASA generates the majority of its revenue from the traditional oil and gas business, with a growing share coming from renewable energies. The key markets for Equinor are Norway, the United States, and the United Kingdom, which together account for about 75% of total revenue. These markets are crucial for the company's strategic direction, especially regarding the energy transition and investments in renewable energies.

Main production regions of Equinor ASA:

• Norway: Continental shelf
• USA: Onshore and Offshore
• Brazil: Offshore
• United Kingdom: North Sea
• Canada: Offshore

Equinor ASA, a leading energy company, produces the majority of its products on the Norwegian continental shelf. This includes both oil and gas production. In addition, Equinor is active in the USA, both in onshore and offshore projects. In Brazil and Canada, the company operates offshore production facilities, while in the United Kingdom, it operates in the North Sea.

The company diversifies its production sites to minimize risks and benefit from different market conditions. Equinor also invests heavily in renewable energies, especially in offshore wind projects, to expand its production base and make it more sustainable.

Investments in renewable energies: 50% of total investments by 2030
Reduction of CO2 emissions: 50% by 2030 compared to 2015

Equinor ASA pursues a strategy strongly focused on the energy transition and sustainability. The company plans to significantly increase its investments in renewable energies, aiming to direct about half of its total investments into this sector by 2030. This includes offshore wind projects and other renewable energy sources.

In parallel, Equinor aims to reduce its CO2 emissions by 50% by 2030 compared to the 2015 levels. This strategy is part of a broader plan to achieve net-zero emissions by 2050. Equinor relies on technological innovations and partnerships to drive the decarbonization of its activities.

Furthermore, the company plans to strengthen its position in global energy markets through strategic alliances and expanding its infrastructure to benefit from the increasing demand for clean energy.

Main Imported Raw Materials: Crude oil, natural gas

Countries of Origin: Russia, USA, Norway (domestic production)

Equinor ASA is a Norwegian energy company that mainly focuses on the exploration, production, and sale of crude oil and natural gas. While Equinor sources a large portion of its raw materials from its own Norwegian fields, it also imports raw materials to support its global presence and supply chains.

Russia and the USA are significant partners for the import of crude oil and natural gas to ensure supply security and diversify production capacities. These imports are strategically important to balance fluctuations in domestic production and ensure the supply of international markets.

Market share in Europe: 20% (estimated 2025)
R&D Investments: 1.5 billion USD (2024)
Share of Renewable Energies: 30% of the portfolio (2025)

Equinor ASA has a significant competitive advantage, especially due to its strong position in the European energy market, where it holds an estimated market share of 20%. This is supported by strategic investments in research and development, which amounted to around 1.5 billion USD in 2024.

Furthermore, the company has successfully diversified and increased its share of renewable energies to 30% of its portfolio by 2025. This diversification is crucial to respond to global energy transition trends and to compete against competitors who are also investing in renewable energies.

Through these strategic measures and its established market position, Equinor ASA can secure and expand its competitiveness in the long term.

Institutional investor share: 70% (estimated for 2025)

Insider purchases/sales: No significant transactions in the last 12 months (estimated for 2025)

The institutional investor share at Equinor ASA is traditionally high, as the company is considered a stable and attractive component of energy portfolios. The estimated 70% share reflects the confidence of institutional investors in Equinor's long-term strategy and market position.

Regarding insider transactions, there have been no significant purchases or sales in the last 12 months, indicating a stable trust of the management in the current company strategy and performance. Such transactions are often seen as an indicator of management's expectations for the company's future development.

Market share of Equinor ASA: Approximately 3-5% (2025, based on global energy market share)

Main competitors and their market shares:

1. Saudi Aramco: Approx. 10-12%
2. ExxonMobil: Approx. 6-8%
3. Royal Dutch Shell: Approx. 5-7%
4. BP: Approx. 4-6%
5. Chevron: Approx. 4-5%
6. TotalEnergies: Approx. 3-4%
7. PetroChina: Approx. 3-4%
8. Equinor ASA: Approx. 3-5%
9. Gazprom: Approx. 2-3%
10. Eni: Approx. 2-3%

Moat of Equinor ASA:

Equinor ASA has a moderate moat, characterized by its strong position in the Norwegian energy market and its expertise in offshore oil and gas production. The company has also positioned itself well in renewable energies, especially in offshore wind projects, providing a competitive advantage in the energy transition.

However, compared to its competitors, Equinor does not have as pronounced a moat as Saudi Aramco, which holds the world's largest oil reserves, or ExxonMobil and Royal Dutch Shell, which excel through their global presence and diversification in various energy sectors.

In summary, Equinor ASA has specific strengths, particularly in the offshore sector and renewable energies, but compared to the industry's largest players, it has a less pronounced moat.

Revenue 2024: $120 billion (estimated)
Profit 2024: $8 billion (estimated)
Investments in renewable energies: 23% of total budget (2024)

Equinor ASA has undergone a strategic realignment in recent years to focus more on renewable energies. This is reflected in the significant increase in investments in this area, which now account for 23% of the total budget. This strategy could position the company advantageously in the long term as the global trend towards sustainable energy production continues to gain importance.

Furthermore, Equinor achieved an estimated revenue of $120 billion and a profit of $8 billion in 2024. These figures indicate a solid financial foundation that allows the company to invest in both existing and new business areas.

Overall, Equinor ASA could be an attractive investment for investors looking to participate in the energy transition and at the same time benefit from the stable financial performance of an established company. The long-term focus on renewable energies could further increase the company's growth potential in the coming years.

Dividend yield: 5.6% (estimated for 2025)
Dividend history: Continuous payout in recent years

Equinor ASA is known for its regular dividend payments. The company has pursued a stable dividend policy in recent years, making it attractive for dividend investors. The estimated dividend yield of 5.6% for 2025 shows that Equinor continues to strive to provide its shareholders with an attractive return.

The reliability of Equinor's dividend payments is supported by its strong financial position and continuous earnings power from the oil and gas business. Despite the volatility in commodity markets, Equinor has proven in the past that it is capable of making stable payouts. Analysts expect the company to continue its dividend policy in the future, unless significant market changes occur.