Skip to content
en

Our shareholders

After our partial privatisation in 2001, we were listed on the Oslo and New York stock exchanges, ensuring broad international ownership. Equinor has one class of shares, with all shares carrying equal right to vote at general meetings. The Norwegian state is largest shareholder with 67%, managed by the Ministry of Trade, Industry and Fisheries.

The Equinor share - EQNR

Our largest shareholders

In accordance with the recommendations of Oslo Stock Exchange, Equinor publishes the list of our largest shareholders.

Data collected by third party, authorised by Equinor, March 2022.

Shareholders

Ownership in %

Number of shares

Government of Norway 67.0% 2 182 650 763
Folketrygdfondet 3.6% 118 126 582
BlackRock Institutional Trust Company, N.A. 1.1% 36 820 319
The Vanguard Group, Inc. 1.0% 32 743 025
Schroder Investment Management Ltd. (SIM) 0.9% 29 283 792
RBC Global Asset Management (UK) Limited 0.6% 20 825 521
T. Rowe Price Associates, Inc. 0.6% 20 434 929
DNB Asset Management AS 0.6% 19 557 856
KLP Forsikring 0.6% 19 030 893
Arrowstreet Capital, Limited Partnership 0.6% 18 999 502
Storebrand Kapitalforvaltning AS 0.5% 17 427 451
Marathon-London 0.4% 13 731 303
Acadian Asset Management LLC 0.4% 12 934 806
Nuveen LLC 0.4% 12 560 928
Wellington Management Company, LLP 0.4% 12 261 380
SAFE Investment Company Limited 0.4% 11 942 771
State Street Global Advisors (US) 0.4% 11 711 386
BlackRock Investment Management (UK) Ltd. 0.4% 11 705 002
Dodge & Cox 0.3% 10 244 838
BlackRock Advisors (UK) Limited 0.3% 9 257 395
Pie chart showing geographic split of Equinor shareholders
Distribution of shareholders at year end 2021
Pie diagram showing free float breakdown split
Free float breakdown

The Norwegian State

The Norwegian state is the largest shareholder in Equinor (previously Statoil). The ownership interest is managed by the Ministry of Trade, Industry and Fisheries.

Statoil was partially privatised and listed on the stock exchange on 18 June 2001, when it became a public limited company. After the initial offering, the government retained 81.7% of the Statoil shares.

Through public share offerings in 2004 and 2005 the state reduced its shareholding in Statoil to 70.9%.

Pursuant to the agreed exchange ratio as part of the merger with Hydro's oil and gas activities, the State's ownership interest in Statoil was 62.5%, or 1,992,959,739 shares on 1 October 2007. In accordance with the Storting's decision of 2001 concerning a minimum state shareholding of two-thirds in Statoil, the Government expressed its intention to increase the state's shareholding in Statoil over time to 67%.

During 2008, the Government built up the State's ownership interest in Statoil by buying shares in the market. On 5 March 2009 the Government announced that the State's ownership interest had reached 67%.

The ownership interest is managed by the Ministry of Trade, Industry and Fisheries.