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Executive remuneration policy

Equinor’s remuneration policy serves to support the company’s transition agenda and purpose of turning natural resources into energy for people and progress for society.

In accordance with relevant legislation, the board of directors of Equinor ASA prepares an executive remuneration policy describing the principles and approaches used for setting the remuneration for the leading personnel of the Equinor group, including the corporate executive committee consisting of the president and chief executive officer, and the executive vice presidents. The policy also includes a description of the remuneration to members of the corporate assembly and board of directors.

Equinor’s remuneration policy serves to support the company’s transition agenda and purpose of turning natural resources into energy for people and progress for society. The policy forms an integrated part of a values-based performance framework, translating the principle of pay-for-performance into remuneration elements that are designed to promote continuous improvement and drive performance in line with the company’s strategy.

The policy is initially effective for a period of four years. A new policy may be issued by the board of directors before the four-year term concludes, in case of material changes. A new policy is subject to approval by the annual general meeting before it is implemented.

As of 2024, the remuneration policy will be presented separately from the annual report. A link to the policy effective as of 1 January 2024 can be found below under Relevant links and downloads. Earlier remuneration policies can be found within the relevant annual reports.

Links to the annual remuneration reports prepared on the basis of the remuneration policy can be found under Investors / Annual reports .

Note: This remuneration policy was approved by the board of directors on 14 March 2023 and was approved at the AGM on 10 May 2023. Effective date is 1 January 2024.