Our new Climate Roadmap
Equinor has launched a new Climate Roadmap aiming to ensure a competitive and resilient business model in the energy transition, fit for long term value creation and in line with the Paris Agreement.
Today 20 March, Equinor is presenting its 2019 Annual Report and Form 20-F, and its 2019 Sustainability Report.
“The outbreak of the Corona virus and the sharp drop in oil prices are impacting industries and companies around the world and are expected to impact Equinor for a long time. We are a robust company with a strong balance sheet, and we are now really benefitting from the improvements made in recent years. Through those efforts, we are better prepared to handle volatile markets and unexpected events,” says Eldar Sætre, President and CEO of Equinor ASA.
In 2019 Equinor proved strong operational capabilities and brought six new fields on stream, including Johan Sverdrup. Cash flow from operations before tax ended at USD 21.8 billion. Equinor delivered a solid result with adjusted earnings of USD 13.5 billion and USD 4.93 billion after tax. For full details, please see the links below.
1 See section 5.2 in the 2019 Annual report and Form 20-F for non-GAAP measures.
Corona update for contractors: For the latest information to contractors, partners, suppliers and their personnel regarding the Corona virus, please see our Suppliers page.
Prime minister Erna Solberg opened our giant Johan Sverdrup field on January 7. As we celebrate the value creation for society and shareholders, how do we respond to those who say it should never have opened?
The world needs more offshore wind to meet global climate goals. Now we’re constructing the world’s largest offshore wind farm, Dogger Bank, which will produce renewable energy equivalent to powering 4.5 million British homes.