Org.nr 923 609 016 2023 → 2024 Year-over-year analysis

EQUINOR ASA: årsregnskap 2024 vs 2023

Weaker earnings

approved 2025-03-04; registry 2025-05-13; journal 2025 428073

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for EQUINOR ASA. Revenue 72.44bn NOK → 72.54bn NOK (+0.1%). Net result +11.68bn NOK → +8.14bn NOK. Equity 46.17bn NOK → 41.09bn NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

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

Scorecard

Revenue
72.44bn NOK 72.54bn NOK
+0.1%
Operating result
+10.66bn NOK +10.35bn NOK
-2.9%
Net result
+11.68bn NOK +8.14bn NOK
-30.3%
Equity
46.17bn NOK 41.09bn NOK
-11.0%
Cash
35.32bn NOK 18.68bn NOK
-47.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 72.44bn NOK to 72.54bn NOK (+0.1% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +10.66bn NOK → +10.35bn NOK (op. margin 14.7% → 14.3%). Calculated

  • ↓

    Net result weakened

    Net result +11.68bn NOK → +8.14bn NOK (net margin 16.1% → 11.2%). Calculated

  • ↓

    Equity eroded

    Book equity 46.17bn NOK → 41.09bn NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 35.32bn NOK → 18.68bn NOK (-47.1% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.10bn NOK → 1.05bn NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 58.20bn NOK → 59.10bn NOK (+1.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 66.21bn NOK → 61.48bn NOK. Reported fact