Key figures

Total revenues and other income

103774

107174

Total operating expenses

-72846

-71404

Income before tax

30986

37884

Net operating income

30927

35770

Adjusted operating income*

29.8 bn

36.2 bn

Net income

8829

11904

Adjusted net income*

9177

11318

Capital distribution

14 bn

17 bn

Return on average capital employed (ROACE)*

20.6%

24.8%

Total assets (current and non-current)

131141

143580

Gross interest-bearing debt

30094

31796

Net debt to capital employed ratio

13.5%

(17.1%)

Net debt to capital employed ratio adjusted*

11.9%

(21.6%)

Shareholders equity at year end

42342

48490

Cash and cash equivalents

8120

9641

Current financial investments

15335

29224

Cash flows provided by operating activities

20110

24701

Cash flow from operations after tax* (CFFO)

17.9 bn

19.7 bn

Cash flows used in investing activities

-3532

-12409

Cash flows provided by (used in) financing activities

-17741

-18142

Net increase/(decrease) in cash and cash equivalents

-1163

-5850

Capital expenditures and investments

12177

10575

Organic capital expenditures*

12101

10234

Ordinary dividends paid to shareholders

3.9 bn

3.7 bn

Extraordinary dividends paid to shareholders

2.9 bn

6.3 bn

Production costs: (USD/boe)

Entitlement volumes

6.9

6.6

Equity volumes

6.4

6.2

Adjusted operating income*

E&P Norway

24.6

29.6

E&P International

2.03

2.84

E&P USA

1.03

1.08

MMP

2.61

3.24

REN

(0.38)

(0.45)

Other

(0.06)

(0.08)

Group

29.8

36.2

Net operating income*

E&P Norway

24.6

29.1

E&P International

2.75

2.33

E&P USA

1.03

1.35

MMP

3.33

3.98

REN

(0.68)

(0.76)

Other

(0.06)

(0.23)

Group

30.9

35.8

Employees at year end

24970

23000

Total recordable injury rate (TRIF)

2.3

2.4

Serious incident frequency (SIF)

0.3

0.4

CO2 upstream intensity, kg/boe

6.2

6.7

Reduction in Scope 1+2 operated CO2 emissions since 2015

34%

30%