Equinor ASA (EQNR) annual results, year to 31 December 2022: revenue USD 150,806 million, from the 20-F
Equinor ASA files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2022 it reported revenue of USD 150,806 million, up 65.9% on the year before. Its profit attributable to shareholders was USD 28,746 million, up 235.7%, and diluted earnings per share USD 9.03.
The year to 31 December 2022, against the year before
| Year to | Dec 2021 † | Dec 2022 † |
|---|---|---|
| Revenue | 90,924 | 150,806 |
| Cost of sales | 35,160 | 53,806 |
| Research and development | 291 | 308 |
| Selling, general and administrative | 780 | 986 |
| Operating profit | 33,663 | 78,811 |
| Profit before tax | 31,583 | 78,604 |
| Income tax | 23,007 | 49,861 |
| Profit for the year | 8,576 | 28,744 |
| Profit attributable to shareholders | 8,563 | 28,746 |
| Filing | 20-F | 20-F |
USD million, from the 20-F on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
USD per ordinary share, as filed.
Cash flow
| Year to | Dec 2021 † | Dec 2022 † |
|---|---|---|
| Cash from operations | 28,816 | 35,136 |
| Purchase of property, plant and equipment | 8,040 | 8,758 |
| Free cash flow | 20,776 | 26,378 |
| Dividends paid | 230 | 210 |
| Filing | 20-F | 20-F |
USD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Dec 2021 † | Dec 2022 † |
|---|---|---|
| Total assets | 147,120 | 158,021 |
| Equity attributable to shareholders | 39,010 | 53,988 |
| Cash and cash equivalents | 13,987 | 9,451 |
| Borrowings, as filed | 27,655 | 26,688 |
| Lease liabilities | 3,562 | 3,668 |
| Inventories | 3,395 | 5,205 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2021 † | Dec 2022 † |
|---|---|---|
| Operating margin | 37.0% | 52.3% |
| Net margin | 9.4% | 19.1% |
| Free cash flow margin | 22.8% | 17.5% |
| Return on year-end equity | 22.0% | 53.2% |
| Effective tax rate | 72.8% | 63.4% |
| Filing | 20-F | 20-F |
Arithmetic on the filed lines of the same year.
Every annual report here
- Year to 31 December 2025
- Year to 31 December 2024
- Year to 31 December 2023
- Year to 31 December 2022, this page
- Year to 31 December 2021
- Year to 31 December 2020
- Year to 31 December 2019
- Year to 31 December 2018
- Year to 31 December 2017
- Year to 31 December 2016
- Year to 31 December 2015
Source
20-F for the year to 31 December 2022, filed 20 March 2025, accession 0001140625-25-000062: the filing on EDGAR. All of Equinor ASA's filings: EDGAR company page. The figures are in US dollars as filed.
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