Our purpose
Equinor is an international energy company committed to long-term value creation in a low-carbon future. Our purpose is to turn natural resources into energy for people and progress for society.
Photo: Einar Aslaksen
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About us
The world’s most important energy sources are knowledge and cooperation.
Every day, Equinor energises the lives of over 170 million people and companies around the world. Behind this contribution lie 50 years of knowledge, experience and cooperation across disciplines, companies, and countries. And we believe they hold the key to solving the energy transition, the greatest task of our time.
We aim to be a net zero emissions company by 2050. To achieve it, we will find new solutions in renewables, low carbon and oil and gas. We may not have all the answers yet, but we have 23,000 employees with the knowledge and willpower to find them.
The energy we provide
23,000
employees around the world (2023)
~30 countries
presence & business operations
8000
suppliers working with us
2,082 mboe/day
Equity oil and gas production (2023)
4,235 GWh
Renewable power generation (2023) Equinor share
107,174 USD million
Total revenues and other income (2023)
35,770 USD million
Net operating income (2023)
17 USD billion
Capital distribution including dividends and share buy-backs (2023)
25%
Adjusted return on capital employed ROACE (2023)
Our global presence
Our business
Our portfolio encompasses oil and gas, renewables and low-carbon solutions. We are one of the largest suppliers of energy to Europe, a world-leading offshore operator and an international pioneer in renewables and low-carbon solutions. Today, in an increasingly unpredictable world, our deliveries of oil, gas and wind power provide a vital and stabilising contribution to Europe’s energy security.
Our climate ambitions: getting to net zero
Our ambition is to reduce the net carbon intensity (NCI) of the energy we provide by 20% by 2030, including scope 3 emissions from the use of our products. Our ambition is to continue supplying society with energy while reducing emissions to reach net zero by 2050.
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.
Open
- We promote transparency
- We embrace diversity and new perspectives
- We raise ethical dilemmas and act with integrity
Collaborative
- We work together as one team
- We share knowledge and help each other succeed
- We engage with, respect and earn the trust of our business partners and society
Courageous
- We are curious, innovative and commercial
- We continuously improve
- We use foresight, identify opportunities and manage risk
Caring
- We seek zero harm to people
- We respect each other and contribute to a positive working environment
- We act in a sustainable, ethical and socially responsible manner
Our approach
Our brand
Through our brand, we wish to position ourselves as a leading company in the energy transition with the industrial strength to make a difference, driven by purpose, people, innovative thinking and not least — collaboration.
We seek to measure, maintain and strengthen our brand toward internal and external stakeholders through regular surveys of public opinion and internal employee satisfaction surveys.
In Norway, we support young people through our sponsorship and talent development programme Heroes of Tomorrow (Morgendagens Helter), and through our Equinor Support Scheme (Equinor Støtteordning) we also support clubs, associations and organisations that work for children and young people up to the age of 25.
We also focus on the following areas:
Communicating a clear vision and values: We aspire to to convey a clear and compelling vision to help stakeholders understand our strategic direction and business model.
Focus on sustainability: We seek to demonstrate our commitment to sustainable practices and renewable energy, including our ambition for net zero by 2050.
Regular engagement with stakeholders: We actively utilise social media, webinars, podcasts, news and newsletters, public debates and presentations with the intention of helping key stakeholders up to date and informed about our activities, achievements, and plans for the future.
We invest in the community: We engage in many corporate social responsibility initiatives, including investing in local communities, contributing to social causes, and participating in volunteer activities. For more information, see Human rights cases and examples under the section on our approach to Human rights.
Promoting transparency: Openness is one of our values, and we strive to be open and transparent in all aspects of our business, financial performance and corporate governance.
Cultivating a positive company culture: We strive to maintain a positive and inclusive company culture, including offering attractive compensation and benefits, providing opportunities for growth and development, and fostering a supportive working environment.
Our name
In May 2018, our Annual General Meeting voted to change our company name from Statoil to Equinor to better reflect our evolution and identity as a company for the generations to come.
Our new name derives from two key ideas: the first part denoting equal, equality, and equilibrium, and the second part signalling a company proud of its Norwegian origins that we will use actively in our positioning.
Our history
In 1972, Statoil was formed by a decision of the Norwegian parliament and owned 100% by the Norwegian State. In 2001, Equinor was listed on the Oslo and New York stock exchanges with a 67% majority stake owned by the Norwegian State. In 2018 we changed our name to Equinor.