FirmaIQ
Org.nr 923 609 016 2018 → 2019 Year-over-year analysis

EQUINOR ASA: årsregnskap 2019 vs 2018

Shrank 27% on revenue, weaker earnings

approved 2020-05-14; registry 2020-06-09; journal 2020 399591

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for EQUINOR ASA. Revenue 59.40bn NOK → 43.32bn NOK (-27.1%). Net result +6.72bn NOK → +1.70bn NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for EQUINOR ASA.

At a glance

Scorecard

Revenue
59.40bn NOK 43.32bn NOK
-27.1%
Operating result
+7.80bn NOK +1.31bn NOK
-83.2%
Net result
+6.72bn NOK +1.70bn NOK
-74.7%
Equity
41.81bn NOK n/m
—
Cash
6.29bn NOK 3.27bn NOK
-47.9%
Total assets
97.05bn NOK 96.57bn NOK
-0.5%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 59.40bn NOK to 43.32bn NOK (-27.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +7.80bn NOK → +1.31bn NOK (op. margin 13.1% → 3.0%). Calculated

  • ↓

    Net result weakened

    Net result +6.72bn NOK → +1.70bn NOK (net margin 11.3% → 3.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 6.29bn NOK → 3.27bn NOK (-47.9% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 6.21bn NOK → 5.71bn NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 49.30bn NOK → 39.54bn NOK (-19.8% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 73.58bn NOK → 70.74bn NOK. Reported fact