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EQNR
Equinor ASA
NYSE· Energy· Oil & Gas Integrated· CUSIP 29446M102
$46.42+0.65%Price as of Oct 23, 00:46 UTC · updated once a day, after the close
At a glance
Equinor ASA (EQNR) is listed on NYSE and classified in Oil & Gas Integrated, part of the Energy sector. It is headquartered in Stavanger, Norway and has 23,545 employees. The company is worth $109.94B and trades at 12.6x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $105.83B in fiscal 2025, up 3.2% from the year before. Net income was $5.04B. The share price is within 3% of its 52-week high. It pays a dividend yielding 3.36%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $65.7M. In that quarter, 4 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $109.94B
- P/E
- 12.6x
- Forward P/E
- 9.8x
- P/B
- 5.2x
- Dividend yield
- 3.36%
- Payout
- 42.39%
- EPS
- $3.68
- ROE
- 21.27%
- Profit margin
- 7.97%
- Revenue growth
- +37.40%
- Beta
- -0.66
- 52-week high
- $47.01
- 52-week low
- $22.26
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Price over time
▲ +87.5% over 5Y.
today you would have $2,705.16▲ +170.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $23.63 | $23.69 | $31.64 | $35.81 | |
| P/E | 7.8x | 12.2x | 7.6x | 8.1x | 4.0x |
| P/S | 0.7x | 0.6x | 0.6x | 0.9x | 0.8x |
| P/B | 1.7x | 1.5x | 1.5x | 1.9x | 2.1x |
| EPS | $1.94 | $3.11 | $3.93 |
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$27.08
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$12.37
Earnings growing 0.0% a year plus a 3.4% dividend yield. Growth capped at 25%.
Earnings
$54.24
Median P/E of 14.7 among peers in the sector.
Earnings
$28.83
Median P/E of 7.8 across this company’s own years on record.
Cash flow
$28.72
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$115.40
Sector median of 8.2x operating profit, less net debt. Banks have no EBITDA.
Dividends
$66.29
Dividend growing 6.7% a year against a 9.0% required return, from the stock’s beta.
Others in the same sector
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CNQCANADIAN NATURAL RESOURCES Ltd | $53.92 | 13.3x | 3.3x | 3.26% | 26.68% | $111.16B |
| ENBEnbridge Inc | $48.01 | 25.7x | 2.5x | 5.83% | 9.22% | $107.01B |
| PSXPhillips 66 | $284.63 | 16.6x | 3.6x | 1.87% | 23.45% | $114.12B |
| VLOValero Energy Corp | $426.28 |
About the company
- 23,545
- Stavanger, Norway
