Equinor ASA ADR

EQNR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$44.60	Yrqw	Kdzqlnrq

Equinor Moving to Low Carbon Long Term, but Hydrocarbons to Growth in Near Term, Funding Returns

Allen Good

Mar 5, 2024

Business Strategy and Outlook

Equinor is accelerating its push into renewable energy in pursuit of its 2050 net-zero goal. Central to its strategy is growth of its burgeoning renewable power business, primarily offshore wind. While net installed capacity only stands at 0.9 gigawatts at end-2023, Equinor plans to grow that to 12-16 GW by 2030.

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