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.
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 September 2025.
Shareholders | Ownership in % | Number of shares |
|---|---|---|
Government of Norway | 67.0% | 1 713 061 033 |
Folketrygdfondet | 3.3% | 85 275 420 |
BlackRock Institutional Trust Company, N.A. | 1.2% | 29 885 308 |
The Vanguard Group, Inc. | 1.2% | 29 602 585 |
KLP Kapitalforvaltning AS | 0.7% | 18 003 716 |
DNB Asset Management AS | 0.5% | 13 673 981 |
Storebrand Kapitalforvaltning AS | 0.5% | 13 530 146 |
Wellington Management Company, LLP | 0.5% | 12 256 700 |
State Street Investment Management (US) | 0.4% | 10 906 947 |
Silchester International Investors, L.L.P. | 0.4% | 9 562 108 |
Geode Capital Management, L.L.C. | 0.4% | 9 522 938 |
Pzena Investment Management, LLC | 0.3% | 8 583 382 |
Arrowstreet Capital, Limited Partnership | 0.3% | 8 213 919 |
Schroder Investment Management Ltd. (SIM) | 0.3% | 8 078 460 |
T. Rowe Price International Ltd | 0.3% | 7 681 508 |
SAFE Investment Company Limited | 0.3% | 7 589 992 |
Employees Provident Fund Board | 0.3% | 6 711 489 |
Barrow Hanley Global Investors | 0.3% | 6 668 115 |
T. Rowe Price Associates, Inc. | 0.3% | 6 470 892 |
ODIN Forvaltning AS | 0.2% | 6 264 450 |
New regulations effective from 1 February 2025 in Norway requires that listed companies make available a full shareholder overview prior to the annual general meeting, including beneficial owners held by custodians. For our latest overview dated 31 December 2024, please contact Investor Relations at irpost@equinor.com.
In case there are external requests, covering a full shareholder overview including beneficial owners held by custodians, and such requests relates to shareholder positions after 31 December 2024, Equinor is entitled to charge the cost to the one who has requested the overview. In such cases, please contact Investor Relations at irpost@equinor.com.
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.