Equinor ASA (EQNR) annual results, year to 31 December 2024: revenue USD 103,774 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 2024 it reported revenue of USD 103,774 million, down 3.2% on the year before. Its profit attributable to shareholders was USD 8,806 million, down 25.9%, and diluted earnings per share USD 3.11.
The year to 31 December 2024, against the year before
| Year to | Dec 2023 † | Dec 2024 † |
|---|---|---|
| Revenue | 107,174 | 103,774 |
| Cost of sales | 48,175 | 50,040 |
| Research and development | 311 | 348 |
| Selling, general and administrative | 1,218 | 1,255 |
| Operating profit | 35,770 | 30,927 |
| Profit before tax | 37,884 | 30,986 |
| Income tax | 25,980 | 22,157 |
| Profit for the year | 11,904 | 8,829 |
| Profit attributable to shareholders | 11,885 | 8,806 |
| 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 2023 † | Dec 2024 † |
|---|---|---|
| Cash from operations | 29,257 | 19,465 |
| Purchase of property, plant and equipment | 10,575 | 12,177 |
| Free cash flow | 18,682 | 7,288 |
| Dividends paid | 286 | 152 |
| 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 2023 † | Dec 2024 † |
|---|---|---|
| Total assets | 143,580 | 131,141 |
| Equity attributable to shareholders | 48,490 | 42,342 |
| Cash and cash equivalents | 8,070 | 5,903 |
| Borrowings, as filed | 24,630 | 21,536 |
| Lease liabilities | 3,570 | 3,510 |
| Inventories | 3,814 | 4,031 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2023 † | Dec 2024 † |
|---|---|---|
| Operating margin | 33.4% | 29.8% |
| Net margin | 11.1% | 8.5% |
| Free cash flow margin | 17.4% | 7.0% |
| Return on year-end equity | 24.5% | 20.8% |
| Effective tax rate | 68.6% | 71.5% |
| 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, this page
- Year to 31 December 2023
- 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 2024, 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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