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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

3rd quarter 2022 — Collected October 2022, 26 analysts provided input

In million USD

E&P Norway 20595
E&P International 1073
E&P USA 794
MMP 1112
REN -27
Other -20
Adjusted earnings before tax 23527
Tax, E&P Norway 15971
Tax, E&P International 417
Tax E&P USA 6
Tax, MMP 722
Tax, Other -10
Tax in total 17103
Adjusted earnings after tax 6424
Expensed exploration impacting EPN 82
Expensed exploration impacting EPI 110
Expensed exploration impacting EP USA 40
Liquids production Norway 629
Gas production Norway 771
Liquids production EPI, equity 290
Gas production EPI, equity 41
Liquids production EP USA, equity 132
Gas production EP USA, equity 204
Total production, equity 2067
PSA/royalty effect, EPI 97
PSA/royalty effect, EP USA 47
Total production, entitlement 1922
Realized price EPN, liquids/bbl USD 96.6
Realized price EPI, liquids/bbl USD 95.7
Realized price EP USA, liquids/bbl USD 77.2

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