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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, 30 June 2023.


Ownership in %

Number of shares

Government of Norway 67.0% 2,012,080,085
Folketrygdfondet 3.5% 104,462,430
BlackRock Institutional Trust Company, N.A. 1.2% 34,835,459
The Vanguard Group, Inc. 1.1% 33,316,841
T. Rowe Price Associates, Inc. 0.7% 20,617,168
Storebrand Kapitalforvaltning AS 0.6% 19,472,734
DNB Asset Management AS 0.6% 19,148,036
KLP Fondsforvaltning AS 0.6% 19,044,147
RBC Global Asset Management (UK) Limited 0.6% 17,368,683
Arrowstreet Capital, Limited Partnership 0.6% 16,902,515
Dodge & Cox 0.4% 13,404,673
Nuveen LLC 0.4% 13,030,591
State Street Global Advisors (US) 0.4% 12,278,822
SAFE Investment Company Limited 0.3% 9,958,854
Schroder Investment Management Ltd. (SIM) 0.3% 9,393,931
Acadian Asset Management LLC 0.3% 8,732,192
Wellington Management Company, LLP 0.3% 8,399,686
Marathon-London 0.3% 8,263,920
Fidelity Management & Research Company LLC 0.3% 8,173,614
Legal & General Investment Management Ltd. 0.3% 8,030,034
Two pie charts showing geographic split of Equinor shareholders and free float breakdown
Geographic distribution of shareholders at year end 2022 and 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.