We changed our name from Statoil to Equinor in May 2018. Here’s why.
Equinor in brief
Equinor is an international energy company present in more than 30 countries worldwide, including several of the world’s most important oil and gas provinces. Founded in 1972 under the name Den Norske Stats Oljeselskap AS—Statoil (the Norwegian State Oil company), we changed our name to Equinor in 2018. Our headquarters are in Stavanger, Norway, and we have over 20,000 employees.
We are the leading operator on the Norwegian continental shelf and have substantial international activities. We are engaged in exploration, development and production of oil and gas, as well as wind and solar power. We sell crude oil and are a major supplier of natural gas, with activities in processing, refining, and trading. Our activities are managed through eight business areas, staffs and support divisions, and we have operations in North and South America, Africa, Asia, Europe and Oceania, and Norway.
- 20,245 employees (2017)
- Norwegian State ownership: 67%
- Total revenues: 61,187 USD million (2017)
- Total assets: 111,100 USD million (2017)
- Equity oil and gas production/day: 2.08 million boe (2017)
- Offshore wind: 290 MW in production, 190 MW in development
- Head office: Stavanger, Norway. Tel. +47 51 99 00 00.
Who we are
- President and CEO: Eldar Sætre, since October 2014
- Purpose: Turning natural resources into energy for people and progress for society
- Vision: Shaping the future of energy
- Values: Open, courageous, collaborative and caring
- Strategy: Always safe, high value, low carbon. We are committed to long-term value creation in a low carbon future.
Change is in our history and in our future
After many years as Statoil, we have changed our name to better reflect whom we have become, and where we are heading.
Our values embody the spirit and energy of Equinor at its best. They help us set direction, and they guide our decisions, actions and the way we interact with others. Our values express the ideals we strive to live up to every day.
We promote transparency, embrace diversity and new perspectives, and we raise ethical dilemmas while acting with integrity.
We work together as one team, we share knowledge and we help each other succeed. We engage with, respect and earn the trust of our business partners and society.
We are curious, innovative and commercial, while continuously aiming to improve. We use foresight, identify opportunities and manage risk.
We seek zero harm to people, while respecting each other and contributing to a positive working environment. We act in a sustainable, ethical and socially-responsible manner.
Our social media channels
Equinor is active in social media—and we’d be glad to interact with you and hear your views. Here are our handles for the social channels of your choosing:
In all our business activities we comply with applicable laws, act in an ethical, sustainable and socially responsible manner, practise good corporate governance and respect internationally recognised human rights. We maintain an open dialogue on ethical issues — both internally and externally. Open, honest and accurate communication is essential to our integrity and business success.
We are committed to providing a safe and secure environment for everyone working at our facilities and job sites. Equinor’s safety and security vision is zero harm. We provide an environment recognised for its equality and diversity, and we treat everyone with fairness, respect and dignity. We do not tolerate any discrimination or harassment of colleagues or others affected by our operations.
We have zero tolerance of corruption in any form, and take active steps to ensure that corruption does not occur in relation to Equinor’s business activities. We are committed to conducting our business activities in an open manner, promoting transparency in our industry. We protect information created by us, or given to us, to ensure appropriate confidentiality and integrity.
Relating to business partners
We seek to work with others who share our commitment to ethics and compliance. We believe in the benefits of competition, and Equinor always competes in a fair and ethically justifiable manner.
Working with communities
We aim to create lasting value for local communities through our business activities. Our contribution may include direct and indirect local employment, local procurement of goods and services, local infrastructure development and capacity-building as well as social investments. We will conduct our business consistently with the United Nations Guiding Principles on Business and Human Rights and the ten principles of the United Nations Global Compact.
Being competitive is our starting point, but we have greater ambitions. We will set an example for how the oil and gas industry should transform. We will show leadership and deliver energy for a low-carbon future. We will be the company others look to for bold and better solutions.
Our vision rests on three pillars:
Competitive at all times
Our company must be profitable and competitive at all times. This is fundamental for our future value creation. Safe and lean operations will help us to tackle the challenges facing our industry and prepare us to seize opportunities. We will continuously improve our business to be fit for profitable growth.
Transforming the oil and gas industry
We will create lasting change in terms of how our industry works. We will innovate to simplify and standardise our activities through a mind-set of radical change and collaboration. Through developing technology for lasting value creation we will break new ground and work in a smarter, better and simpler way.
Providing energy for a low-carbon future
The future of energy will be low carbon. That is why our ambition is to be a leading company in carbon-efficient oil and gas production. Further, demand for renewable energy will grow, offering new business opportunities. Building a new energy business will support our long-term future as a leading global energy provider.
Can an oil and gas company be part of a sustainable energy future? We are working actively to reduce climate emissions, put a price on carbon, and benefit societies around the world. We are determined to develop resources responsibly and create lasting value for communities. Our industry needs to be part of the solution. We aim to be recognised as the most carbon-efficient oil and gas producer, committed to creating lasting value for communities.
Our success is down to individuals with the ability and desire to think outside the box. Individuals who strive to make the impossible possible. Individuals with the skills and determination to achieve remarkable results.
It is individuals like these who hold the key to a successful future—not just for our company, but for society as a whole. We like to call them Heroes of Tomorrow.
Heroes who inspire us and bring us together, such as high achievers in the fields of sports and culture. However, because our world is facing major challenges, we also need highly skilled professionals to help us progress in the future. Our goal is to inspire talented individuals to strive for future success.
Sponsorships give us the opportunity to contribute to local communities and we have therefore chosen to support talent development through our Heroes of Tomorrow programme designed to inspire talented individuals to strive for future success in sport, culture and education. For everyone’s benefit and enjoyment.
Follow Morgensdagens Helter on Facebook or find out more about our campaigns by clicking the buttons below (Norwegian language only).
To learn more about Equinor sponsorships, please follow the link to the sponsorship application below.