Equinor (ADR) (EQNR)
Operates offshore oil and gas alongside integrated power, trading and low-carbon projects.
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Produces oil and gas across Norway, international basins and the United States, with the Norwegian continental shelf supplying most output. Marketing and trading connect the upstream portfolio to customers, while Power combines renewables, flexible generation and storage.
Produces oil and gas across Norway, international basins and the United States, with the Norwegian continental shelf at the center of output. Marketing, Midstream & Processing sells, trades, transports and processes energy commodities, while Power combines renewables, flexible generation, storage and trading.
Offshore operating expertise, a portfolio enlarged by Hydro's former oil-and-gas business, and integrated marketing connect production to customers. International activity spans multiple regions, but Norway supplies most of the group's equity production.
Oil and gas remain the production and investment core as offshore wind, carbon storage and other low-carbon projects advance selectively. The Norwegian state's roughly two-thirds direct ownership controls ordinary shareholder votes and can meet the threshold for amendments to the articles.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 22, 2026 | Santander | Downgrade | ||
| Sep 18, 2026 | Bank of America Securities | Upgrade | Rating: — | |
| Jul 23, 2026 | RBC Capital | Upgrade | ||
| Jul 1, 2026 | Nordea | Upgrade | Rating: — | |
| Apr 9, 2026 | Redburn Partners | Target | Target: — | Target: $36.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $23.73B · Total debt $32.42B · Total assets $140.90B · Shareholders' equity $43.06B
- Revenue
- $34.52B
- Operating income
- $12.86B
- Net income
- $4.85B
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 6.73% | 168.35M ADS | |
|---|---|---|---|
| 441 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 93.27% | 2.33B ADS | |
| remainder | |||
2.50B ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FolketrygdfondetInstitution | 3.64% | 91.02M ADS | as of Jun 30, 2026 |
Arrowstreet Capital, Limited PartnershipInstitution | 0.55% | 13.86M ADS | as of Jun 30, 2026 |
Morgan StanleyInstitution | 0.48% | 11.97M ADS | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 0.26% | 6.54M ADS | as of Jun 30, 2026 |
Bank of America Corp /DE/Institution | 0.22% | 5.58M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Shell (ADR)
Broad overlap across upstream, gas, trading, power and low carbon
- TotalEnergies
Integrated rival in upstream, LNG, power, offshore wind and CCS
- BP (ADR)
Close overlap in upstream, gas trading, offshore wind and CCS
- ExxonMobil
Scale competitor in upstream, deepwater, LNG and carbon storage
- Chevron
Global upstream, LNG and CCS competitor with deepwater scale
- ConocoPhillips
Upstream-focused peer spanning Norway, global oil and gas, and LNG
- Eni (ADR)
European peer across upstream, gas and LNG, power, renewables and CCS
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Equinor (ADR) | $41.72 | −1.82% | $101.58B | 11.6 | 8.9 | 0.9 | +36.5% |
| Shell (ADR) | $93.88 | +0.65% | $260.05B | 10.3 | 9.0 | 0.9 | +44.7% |
| TotalEnergies | $89.75 | −0.34% | $200.56B | 11.3 | 8.1 | 1.0 | +26.2% |
| BP (ADR) | $43.08 | −0.20% | $113.19B | 21.6 | 7.9 | 0.5 | +46.5% |
| ExxonMobil | $158.48 | +0.11% | $656.48B | 20.4 | 12.9 | 1.8 | +46.0% |
| Chevron | $202.37 | −0.64% | $405.85B | 19.5 | 12.7 | 1.9 | +57.9% |
| ConocoPhillips | $125.70 | −1.43% | $155.37B | 16.9 | 12.7 | 2.5 | +39.7% |
| Eni (ADR) | $53.19 | −1.58% | $78.29B | 13.7 | 8.2 | 0.8 | +15.4% |
| Median | 16.9 | 9.0 | 1.0 | +44.7% |