Equinor’s 2022 safety results

The 2022 safety results show continued improvement on several key safety indicators.
At the end of fourth quarter 2022 the serious incident frequency per million hours worked (SIF) was 0.4.
The number of serious incidents remains at the lowest level so far for Equinor.

“We have not experienced any actual or potential major accidents and no serious well control incidents in 2022. Our employees and suppliers have worked well through the year preventing major accidents. This effort must be further strengthened in order to improve the safety results going forward,” says Jannicke Nilsson, executive vice president for Safety, Security & Sustainability.
Great efforts have been made within safety-critical maintenance on Equinor’s installations and facilities. This has reduced the backlog for this type of maintenance by about 90% from the level we observed back in 2020.
The results have been achieved through a step change in maintenance process capabilities. Reducing safety critical backlog is important in the work to prevent major accidents.

The injury trend is not improving. The total recordable injury frequency per million hours worked, TRIF, is 2.5 for 2022, up from 2.4 in 2021.
“The seriousness of the injuries has decreased, but too many are still getting injured at work for Equinor. The activity level is high in our industry, and it is important that we include all new employees and suppliers in the good safety efforts that are implemented,” says Nilsson.
The number of serious injuries is also included in the serious incident frequency (SIF).
A total of eight oil and gas leaks have been recorded in 2022, down from 12 at the end of 2021. The number of hydrocarbon leaks is at an all-time low. Oil and gas leaks are classified by the severity of the leak rate.
Latest news
Notifiable trading
Allocation of shares to certain primary insiders and their close associates in Equinor under Equinor’s share savings plan.
Buy-back of shares to share programmes for employees
Equinor ASA has on 5 February 2025 engaged a third party to conduct repurchases of the company’s shares to be used in the share-based incentive plans for employees and management for the period from 14 February 2025 until 15 January 2026.
Equinor fourth quarter and full year 2024 results
Equinor delivered adjusted operating income* of USD 7.90 billion and USD 2.29 billion after tax in the fourth quarter of 2024. Net operating income was USD 8.74 billion and net income was USD 2.00 billion, leading to adjusted earnings per share* of USD 0.63.