Market consensus of analysts
Our consensus of analysts represents the average estimate of multiple independent financial and equity analysts following Equinor. We aggregate their forecasts on key metrics such as earnings and production estimates, helping investors to predict performance and providing a benchmark for comparing actual outcomes.
Analyst consensus
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.
2nd quarter 2023 — Collected July 2023, 21 analysts provided input
In million USD |
|
|---|---|
| E&P Norway | 6106 |
| E&P International | 711 |
| E&P USA | 260 |
| MMP | 643 |
| REN | -46 |
| Other | -37 |
| Adjusted earnings before tax | 7637 |
| Tax, E&P Norway | 4691 |
| Tax, E&P International | 269 |
| Tax E&P USA | 62 |
| Tax, MMP | 309 |
| Tax, REN | -4 |
| Tax, Other | -6 |
| Tax in total | 5321 |
| Adjusted earnings after tax | 2316 |
| Expensed exploration impacting EPN | 92 |
| Expensed exploration impacting EPI | -76 |
| Expensed exploration impacting EP USA | 22 |
| mbd | |
| Liquids production Norway | 635 |
| Gas production Norway | 707 |
| Liquids production EPI, equity | 286 |
| Gas production EPI, equity | 40 |
| Liquids production EP USA, equity | 145 |
| Gas production EP USA, equity | 205 |
| Total production, equity | 2017 |
| PSA/royalty effect, EPI | 76 |
| PSA/royalty effect, EP USA | 49 |
| Total production, entitlement | 1893 |
| Realized price EPN, liquids/bbl | USD 73.8 |
| Realized price EPI, liquids/bbl | USD 67.3 |
| Realized price EP USA, liquids/bbl | USD 62.4 |
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.
1st quarter 2023 — Collected April 2023, 26 analysts provided input
In million USD |
|
|---|---|
| E&P Norway | 9516 |
| E&P International | 506 |
| E&P USA | 266 |
| MMP | 986 |
| REN | -38 |
| Other | -29 |
| Adjusted earnings before tax | 11 207 |
| Tax, E&P Norway | 7322 |
| Tax, E&P International | 195 |
| Tax E&P USA | 42 |
| Tax, MMP | 513 |
| Tax, REN | -4 |
| Tax, Other | -8 |
| Tax in total | 8060 |
| Adjusted earnings after tax | 3147 |
| Expensed exploration impacting EPN | 94 |
| Expensed exploration impacting EPI | 92 |
| Expensed exploration impacting EP USA | 40 |
| mbd | |
| Liquids production Norway | 635 |
| Gas production Norway | 795 |
| Liquids production EPI, equity | 284 |
| Gas production EPI, equity | 45 |
| Liquids production EP USA, equity | 131 |
| Gas production EP USA, equity | 199 |
| Total production, equity | 2089 |
| PSA/royalty effect, EPI | 85 |
| PSA/royalty effect, EP USA | 44 |
| Total production, entitlement | 1960 |
| Realized price EPN, liquids/bbl | USD 77.5 |
| Realized price EPI, liquids/bbl | USD 68.5 |
| Realized price EP USA, liquids/bbl | USD 61.7 |
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.