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.
Recent discoveries on the NCS in the Barents Sea indicate that resources remain and allow the company to use existing infrastructure to add incremental production at high returns.
Equinor's investments in renewables might not generate the returns its oil and gas investments historically have, resulting in a dilution of returns, if not impairments.
|
Metric
|
EQNR
|
CVX
|
TTE
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.11 | 12.00 | 8.61 |
Price/Book Value | 1.69 | 1.81 | 1.45 |
Price/Sales | 0.79 | 1.49 | 0.80 |
Price/Cash Flow | 4.26 | 7.54 | 5.05 |
|
Metric
|
EQNR
|
CVX
|
TTE
|
|---|---|---|---|
Quick Ratio | 1.54 | 0.87 | 0.84 |
Current Ratio | 1.71 | 1.27 | 1.12 |
Interest Coverage | 32.78 | 64.08 | 16.33 |
|
Metric
|
EQNR
|
CVX
|
TTE
|
|---|---|---|---|
Return on Assets (Normalized) | 7.07% | 9.56% | 7.98% |
Return on Equity (Normalized) | 20.09% | 15.37% | 20.21% |
Return on Invested Capital (Normalized) | 11.29% | 13.64% | 13.44% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
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CVX
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TTE
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BP
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PBR
| Petroleo Brasileiro SA Petrobras ADR | Bhrtgrt | Mzmd | $100.0 Bil | |
E
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