Skip to Content

Equinor ASA ADR EQNR

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Equinor Earnings Recover on Higher Oil Prices, Breakout of Renewable Segment Shows Growing Relevance

Allen Good, CFA Sector Strategist

Analyst Note

| Allen Good, CFA |

Equinor reported first-quarter adjusted earnings after tax of $2.7 billion compared with adjusted earnings after tax of $561 million the year before on higher commodity prices that benefited each upstream segment. E&P Norway adjusted earnings rose to $3.6 billion compared with $1.9 billion a year ago. E&P international segment posted adjusted earnings of $382 million compared with earnings of $4 million last year, and E&P USA posted earnings of $192 million compared with earnings of $11 million last year. Total equity production during the quarter was 2,168 mboed, down 3% from 2,233 last year on natural decline, repairs at Peregrino, and long-term outage of the Hammerfest LNG plant following a fire in September 2020 offset by increased production from Johan Sverdrup and Snorre. Production in 2021 is expected to grow by 2% compared with 2020. Guidance remains for a 3% CAGR from 2020-26.

Read Full Analysis

Company Profile

Business Description

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2020 (54% oil) and ended the year with 5.3 billion barrels of proven reserves (51% oil). Operations also include offshore wind, oil refineries and natural gas processing, marketing, and trading.

Contact
Forusbeen 50
Stavanger, N-4035, Norway
T +47 51990000
Sector Energy
Industry Oil & Gas Integrated
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 21,245

Related

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.