FirmaIQ
Org.nr 923 609 016 2022 → 2023 Year-over-year analysis

EQUINOR ASA: årsregnskap 2023 vs 2022

Shrank 25% on revenue, weaker earnings

approved 2024-05-14; registry 2024-06-27; journal 2024 515327

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for EQUINOR ASA. Revenue 96.78bn NOK → 72.44bn NOK (-25.2%). Net result +27.55bn NOK → +11.68bn NOK. Equity 50.91bn NOK → 46.17bn NOK.

On the constructive side: cash rose. 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
96.78bn NOK 72.44bn NOK
-25.2%
Operating result
+28.36bn NOK +10.66bn NOK
-62.4%
Net result
+27.55bn NOK +11.68bn NOK
-57.6%
Equity
50.91bn NOK 46.17bn NOK
-9.3%
Cash
10.20bn NOK 35.32bn NOK
+246.1%
Total assets
159.34m NOK n/m
—

What improved

  • ↑

    Cash rose

    Bank deposits 10.20bn NOK → 35.32bn NOK (+246.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 96.78bn NOK to 72.44bn NOK (-25.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +28.36bn NOK → +10.66bn NOK (op. margin 29.3% → 14.7%). Calculated

  • ↓

    Net result weakened

    Net result +27.55bn NOK → +11.68bn NOK (net margin 28.5% → 16.1%). Calculated

  • ↓

    Equity eroded

    Book equity 50.91bn NOK → 46.17bn NOK. Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.14bn NOK → 1.10bn NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 64.93bn NOK → 58.20bn NOK (-10.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 72.94bn NOK → 66.21bn NOK. Reported fact