Equinor ASA (EQNR) annual results, year to 31 December 2023: revenue USD 107,174 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 2023 it reported revenue of USD 107,174 million, down 28.9% on the year before. Its profit attributable to shareholders was USD 11,885 million, down 58.7%, and diluted earnings per share USD 3.93.
The year to 31 December 2023, against the year before
| Year to | Dec 2022 † | Dec 2023 † |
|---|---|---|
| Revenue | 150,806 | 107,174 |
| Cost of sales | 53,806 | 48,175 |
| Research and development | 308 | 311 |
| Selling, general and administrative | 986 | 1,218 |
| Operating profit | 78,811 | 35,770 |
| Profit before tax | 78,604 | 37,884 |
| Income tax | 49,861 | 25,980 |
| Profit for the year | 28,744 | 11,904 |
| Profit attributable to shareholders | 28,746 | 11,885 |
| 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 2022 † | Dec 2023 † |
|---|---|---|
| Cash from operations | 35,136 | 29,257 |
| Purchase of property, plant and equipment | 8,758 | 10,575 |
| Free cash flow | 26,378 | 18,682 |
| Dividends paid | 210 | 286 |
| 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 2022 † | Dec 2023 † |
|---|---|---|
| Total assets | 158,021 | 143,580 |
| Equity attributable to shareholders | 53,988 | 48,490 |
| Cash and cash equivalents | 9,451 | 8,070 |
| Borrowings, as filed | 26,688 | 24,630 |
| Lease liabilities | 3,668 | 3,570 |
| Inventories | 5,205 | 3,814 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2022 † | Dec 2023 † |
|---|---|---|
| Operating margin | 52.3% | 33.4% |
| Net margin | 19.1% | 11.1% |
| Free cash flow margin | 17.5% | 17.4% |
| Return on year-end equity | 53.2% | 24.5% |
| Effective tax rate | 63.4% | 68.6% |
| 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, this page
- Year to 31 December 2022
- 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 2023, filed 19 March 2026, accession 0001140625-26-000013: 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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