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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.

Analysts following Equinor

4th quarter 2022 — Collected January 2023, 25 analysts provided input

In million USD

E&P Norway 14 326
E&P International 757
E&P USA 566
MMP -1 191
REN -28
Other -15
Adjusted earnings before tax 14 413
Tax, E&P Norway 11 121
Tax, E&P International 276
Tax E&P USA 4
Tax, MMP -933
Tax, Other -7
Tax in total 10 456
Adjusted earnings after tax 3 957
Expensed exploration impacting EPN 90
Expensed exploration impacting EPI 164
Expensed exploration impacting EP USA 33
Liquids production Norway 632
Gas production Norway 797
Liquids production EPI, equity 306
Gas production EPI, equity 49
Liquids production EP USA, equity 125
Gas production EP USA, equity 201
Total production, equity 2110
PSA/royalty effect, EPI 93
PSA/royalty effect, EP USA 45
Total production, entitlement 1972
Realized price EPN, liquids/bbl USD 84.2
Realized price EPI, liquids/bbl USD 78.4
Realized price EP USA, liquids/bbl USD 69.7

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. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings (adjusted) 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.

Historical consensus information and invitations for consensus input