Equinor ASA Analysis (March 2026) | Price Target, Growth & Valuation

Equinor ASA

OB:EQNR

kr 401,70

+ kr4,20 (1,06%)

401,70 kr

+kr4,20 (1,06%)

End-of-day quote: 03/27/2026

Equinor ASA Stock Value

Analysts currently rate OB:EQNR as Underperform.

Underperform

Equinor ASA Company Info

EPS Growth 5Y

59,40%

Market Cap

kr1.000,09 B

Long-Term Debt

kr239,55 B

Quarterly earnings

04/30/2026 (E)

Dividend

kr15,26

Dividend Yield

3,80%

Founded

1972

Industry

Energy

Country

Norway

Website

Equinor ASA

ISIN Number

NO0010096985

Website

http://www.equinor.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

kr288,06

-28.29%

Last Update: 03/29/2026

Analysts: 24

Highest Price Target kr416,99

Average Price Target kr288,06

Lowest Price Target kr214,96

In the last five quarters, Equinor ASA’s Price Target has risen from kr218,07 to kr250,78 - a 15,00% increase. Twenty Three analysts predict that Equinor ASA’s share price will fall in the coming year, reaching kr288,06. This would represent a decrease of -28,29%.

Top growth stocks in the energy sector (5Y.)

What does Equinor ASA do?

Equinor ASA (Equinor) operates as an international energy company. The company's portfolio encompasses oil and gas, renewables and low carbon solutions. Four Main Areas of Operation Oil and gas The company produces around two million barrels of oil equivalent daily, where two-thirds of its equity production comes from the Norwegian continental shelf (NCS) and plays a vital role in Europe’s energy security. The company expects substantial value creation from the NCS in the years to come, and t...

Equinor ASA (Equinor) operates as an international energy company. The company's portfolio encompasses oil and gas, renewables and low carbon solutions.

Four Main Areas of Operation

Oil and gas

The company produces around two million barrels of oil equivalent daily, where two-thirds of its equity production comes from the Norwegian continental shelf (NCS) and plays a vital role in Europe’s energy security. The company expects substantial value creation from the NCS in the years to come, and the shelf is also its testing ground for new technologies for energy efficiency, higher recovery rates, and emissions reductions.

Outside Norway, the company produces oil and gas in countries including the U.S., UK, Angola, Algeria, and Brazil, while building a next-generation portfolio focused on growing cash flow, creating optionality for portfolio longevity, and reducing emissions.

Refining, Processing and Marketing

The company refines and sells crude oil and natural gas for export as petrol, diesel, gas, and heating oil to continental Europe, the UK, North America, Asia, and Africa, including the Norwegian state’s share of production from the NCS. Danske Commodities is a leading tech-driven energy trading house wholly owned by the company, trading power, gas, and certificates across 40 markets worldwide, connecting producers and large-scale consumers to wholesale markets.

Renewable Energy

The company is developing some of the world’s largest offshore wind farms, located in Europe and the U.S., and it already supplies more than one million European homes with renewable power. Its share of renewable power generation in 2024 was 2.93 TWh. The company has expanded into onshore renewables, with solar plants and onshore wind in Poland and Brazil, and is building positions in onshore renewable energy and energy storage in the UK, U.S., and Denmark. The company remains committed to value-driven growth in renewables and takes a long-term view of renewables’ potential in the energy mix.

Carbon Capture & Storage (CCS)

The company is a leading CCS developer and will operate the world’s first commercial cross-border CCS transport and storage facility, Northern Lights, which opened in Norway in 2024. The company has nearly 30 years of experience with successful CCS in Norway and aims to develop more projects on the NCS as it pursues new business models for commercial CCS. The company is also progressing the Smeaheia and Bayou Bend projects in Norway and the U.S.

Strategy

The company's strategies include creating value through the energy transition; net-zero ambition gives rise to new industry opportunities; technological excellence and innovation will define winners; and emerging market dynamics put margins under pressure.

Segments

The company’s operations are organised into six business areas and its performance is followed up through reporting segments to ensure strategic alignment and focus.

The company operates through Exploration& Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream and Processing; Renewables; and Other Group segments.

Exploration& Production Norway segment

Exploration & Production Norway (EPN) is the backbone of the company's portfolio, accounting for around two-thirds of its revenue and playing a vital role in Europe’s energy security with consistent, stable, and high-value production.

The Norwegian continental shelf is an important region where the company has extensive competence and expertise. Here, the company tests new technologies to facilitate value creation for decades to come and help shape lasting solutions for the energy transition.

The company envisages that the NCS will see a high level of activity towards 2035, and it has an extensive and competitive sanctioned and non-sanctioned project portfolio. There is significant remaining exploration potential close to infrastructure, as well as further potential to increase recovery from existing fields.

Exploration & Production International segment

The company's business area Exploration & Production International (EPI) now has operations in eight countries, with the largest being in the U.S., Angola, and Brazil. EPI consists of two reporting segments: E&P USA and E&P International.

With seven operated assets and 26 partner-operated assets, EPI accounted for approximately 33% of the company's group equity production of oil and gas in 2024. Equinor is the fifth largest producer of oil and gas in the U.S. offshore, and its U.S. onshore operations are the largest outside Norway.

EPI is executing on the company's strategy by building a next-generation portfolio for stronger cash flow and lower emissions. The company seeks to realize the value of its portfolio through the execution of its sanctioned projects and maturing optionality in its portfolio. The company exited Azerbaijan and Nigeria in 2024.

Marketing, Midstream and Processing segment

Marketing, Midstream & Processing (MMP) connects producers and consumers and is responsible for marketing, trading, refining, and processing crude oil, condensates, natural gas, and liquids. It is divided into business clusters including Gas & Power, Crude, Products & Liquids, and Onshore Plants, maximizing value across the company's energy value chains through flow assurance, premium market access, and asset-backed trading (ABT).

MMP also leads the company's efforts in the low-carbon solutions market, developing and implementing innovative technologies for carbon capture and storage (CCS), low-carbon hydrogen, and clean power. Danske Commodities, part of the MMP segment, is a leading tech-driven energy trading house wholly owned by the company, trading power, gas, and certificates in 40 markets worldwide.

Renewables segment

The company's Renewables (REN) business area includes offshore wind, onshore renewables, and energy storage in four main regions: the Americas, Asia-Pacific, Europe, and Norway.

The company is developing some of the world’s largest offshore wind farms off the coasts of Poland, the UK, and the U.S. It is also a pioneer in floating offshore wind, operating around half of the world’s floating capacity. The company has built a substantial portfolio in onshore renewables with solar plants and onshore wind in Brazil, Denmark, and Poland, as well as energy storage in the UK and U.S.

The company remains committed to value-driven growth in renewables and believes in the long-term profitability potential for renewables as electricity demand grows. It aims to achieve this through a combination of developing offshore wind and building an onshore renewables portfolio in prioritized and attractive power markets. The company will leverage its trading capabilities in Danske Commodities (DC) to maximize returns from a flexible power portfolio.

Other Group segments

The company's Projects, Drilling & Procurement (PDP) business area manages its global project portfolio, drilling and well deliveries, procurements, and supply chains across the organization. Together with its suppliers, the company strives to create sustainable value through a simplified and standardized approach. PDP is part of the company's Other Group reporting segment.

PDP highlights in 2024 include the opening of the company's Northern Lights CCS transport and storage facility in Øygarden, the startup of production at Kristin Sør, partial electrification of Troll B, Troll C, Sleipner, and Gudrun, and the development of the Skrugard, Havis, and Drivis oil discoveries at Johan Castberg. The Bacalhau oil and gas field offshore São Paulo is being developed, with first oil scheduled in 2025, while the company expects startup at the Raia natural gas project in the Campos Basin in 2028.

Acquisitions

On May 31, 2024, the company and EQT Corporation closed the swap transaction in which the company sold 100% of its interest in the Marcellus and Utica shale formations in the Appalachian Basin, located in southeastern Ohio, and transferred the operatorship to EQT.

On December 31, 2024, the company closed a transaction to acquire an additional non-operated interest in the Northern Marcellus shale formation in Pennsylvania in the U.S. from EQT Corporation (EQT).

On January 24, 2024, the company entered into a swap agreement with bp to acquire bp’s 50% share and take full ownership of Empire Offshore Wind Holdings LLC, including the Empire Wind lease and projects (Empire Wind), in exchange for its 50% share in Beacon Wind Holdings LLC, including the Beacon Wind lease and projects (Beacon Wind). The company also agreed to acquire bp's 50% interest in the South Brooklyn Marine Terminal (SBMT) lease.

Disposals

On 6 December 2024, Equinor closed a transaction with Chappal Energies for the sale of Equinor Nigeria Energy Company (ENEC).

On 29 November 2024, Equinor closed a transaction with the State Oil Company of the Republic of Azerbaijan (SOCAR) and ONGC Videsh Limited (ONGC) to sell its interests in its Azerbaijan assets.

Research and development expenditures (R&D)

The company's R&D expenditures, including amounts charged to partners were USD 348 million in 2024.

Supervisions, regulatory reviews and reporting

Equinor is subject to supervision by the Norwegian Ocean Industry Authority (Havtil), whose regulatory authority covers the whole NCS including offshore-wind as well as petroleum-related plants onshore in Norway.

The company is subject to anti-corruption and bribery laws, as well as anti-money laundering laws, in multiple jurisdictions, including the Norwegian Penal Code, the U.S. Foreign Corrupt Practices Act, and the UK Bribery Act.

History

The company was founded in 1972. The company was incorporated in 1972. The company was formerly known as Den norske stats oljeselskap AS and changed its name to Statoil ASA in 2001. Further, the company changed its name to Equinor ASA in 2018.

Equinor ASA Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by industry:** - **Oil and Gas:** approx. 70% - **Renewable Energies:** approx. 20% - **Other energy services:** approx. 10% **TOP 3 markets:** - **Norway:** approx. 35% - **United States:** approx. 25% - **United Kingdom:** approx. 15% Equinor ASA generates the majority of...

At which locations are the company’s products manufactured?

**Main production regions of Equinor ASA:** - **Norway:** Continental shelf - **USA:** Onshore and Offshore - **Brazil:** Offshore - **United Kingdom:** North Sea - **Canada:** Offshore Equinor ASA, a leading energy company, produces the majority of its products on the Norwegian continental shelf....

What strategy does Equinor ASA pursue for future growth?

**Investments in renewable energies:** 50% of total investments by 2030 **Reduction of CO2 emissions:** 50% by 2030 compared to 2015 Equinor ASA pursues a strategy strongly focused on the energy transition and sustainability. The company plans to significantly increase its investments in renewa...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** Crude oil, natural gas **Countries of Origin:** Russia, USA, Norway (domestic production) Equinor ASA is a Norwegian energy company that mainly focuses on the exploration, production, and sale of crude oil and natural gas. While Equinor sources a large portion of i...

How strong is the company’s competitive advantage?

**Market share in Europe:** 20% (estimated 2025) **R&D Investments:** 1.5 billion USD (2024) **Share of Renewable Energies:** 30% of the portfolio (2025) Equinor ASA has a significant competitive advantage, especially due to its strong position in the European energy market, where it holds...

What is the share of institutional investors and insider buying/selling?

**Institutional investor share:** 70% (estimated for 2025) **Insider purchases/sales:** No significant transactions in the last 12 months (estimated for 2025) The institutional investor share at Equinor ASA is traditionally high, as the company is considered a stable and attractive component of en...

What percentage market share does Equinor ASA have?

**Market share of Equinor ASA:** Approximately 3-5% (2025, based on global energy market share) **Main competitors and their market shares:** 1. **Saudi Aramco:** Approx. 10-12% 2. **ExxonMobil:** Approx. 6-8% 3. **Royal Dutch Shell:** Approx. 5-7% 4. **BP:** Approx. 4-6% 5. **Chevron:** Approx. 4-...

Is Equinor ASA stock currently a good investment?

**Revenue 2024:** $120 billion (estimated) **Profit 2024:** $8 billion (estimated) **Investments in renewable energies:** 23% of total budget (2024) Equinor ASA has undergone a strategic realignment in recent years to focus more on renewable energies. This is reflected in the significant incr...

Does Equinor ASA pay a dividend – and how reliable is the payout?

**Dividend yield:** 5.6% (estimated for 2025) **Dividend history:** Continuous payout in recent years Equinor ASA is known for its regular dividend payments. The company has pursued a stable dividend policy in recent years, making it attractive for dividend investors. The estimated dividend yield...

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Equinor ASA Stock Value

Equinor ASA Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Equinor ASA do?

Equinor ASA Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Equinor ASA Stock Value

Equinor ASA Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Equinor ASA do?

Equinor ASA Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.