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Every quarter ahead of the earnings announcement, Equinor will collect earnings and production estimates from the equity analysts currently covering the company. These numbers become a proxy for what the market expects in terms of Equinor’s results.

4TH QUARTER 2020 — COLLECTED JANUARY 2021, 23 ANALYSTS PROVIDED INPUT

 

In million USD 

 

E&P Norway 

1828

E&P International*  

-1202*

E&P USA  

-123

MMP

277

Other

-18

Adjusted earnings before tax

764

Tax, E&P Norway

1104

Tax, E&P International

-35

Tax E&P USA  

0

Tax, MMP

143

Tax, Other

-40

Tax in total

1172

Adjusted earnings after tax

-409

Expensed exploration impacting EPN

97

Expensed exploration impacting EPI*

1266*

Expensed exploration impacting EP USA

40

Kbd

 

Liquids production Norway

636

Gas production Norway

704

Liquids production EPI, equity

292

Gas production EPI, equity

53

Liquids production EP USA, equity

164

Gas production EP USA, equity

213

Total production, equity

2061

PSA/royalty effect, EPI

80

PSA/royalty effect, EP USA

62

Total production, entitlement

1919

Realized price EPN, liquids/bbl

USD 41.8

Realized price EPI, liquids/bbl

USD 41.9

Realized price EP USA, liquids/bbl

USD 34.0

Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. Inputs for EPI that had not been spilt into the new reporting segments (EPI and EP USA) were split in accordance with the ratio for other inputs received. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings (adjsuted) equals the consensus pre-tax number minus consensus for tax in total. Total equity production and entitlement production is the sum of the consensus items for production.
* Note that Equinor added a cost of USD 982 million to the received consensus numbers for the adjusted earning for EPI and to the “Expensed exploration impacting EPI”. This to reflect the release 29 January where Equinor informed about an impairment of this amount which would be included in the adjusted number.

Invitations for consensus input