Org.nr 923 609 016 2024 → 2025 Year-over-year analysis

EQUINOR ASA: årsregnskap 2025 vs 2024

Shrank 6% on revenue, weaker earnings

approved 2026-05-12; registry 2026-08-18; journal 2026 635024

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for EQUINOR ASA. Revenue 72.54bn NOK → 67.96bn NOK (-6.3%). Net result +8.14bn NOK → +5.73bn NOK. Equity 41.09bn NOK → 39.18bn 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.

Scorecard

Revenue
72.54bn NOK 67.96bn NOK
-6.3%
Operating result
+10.35bn NOK +5.56bn NOK
-46.2%
Net result
+8.14bn NOK +5.73bn NOK
-29.6%
Equity
41.09bn NOK 39.18bn NOK
-4.6%
Cash
18.68bn NOK 17.65bn NOK
-5.5%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 72.54bn NOK to 67.96bn NOK (-6.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +10.35bn NOK → +5.56bn NOK (op. margin 14.3% → 8.2%). Calculated

  • ↓

    Net result weakened

    Net result +8.14bn NOK → +5.73bn NOK (net margin 11.2% → 8.4%). Calculated

  • ↓

    Equity eroded

    Book equity 41.09bn NOK → 39.18bn NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 18.68bn NOK → 17.65bn NOK (-5.5% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.05bn NOK → 995.00m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 59.10bn NOK → 58.83bn NOK (-0.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 61.48bn NOK → 68.81bn NOK. Reported fact