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Our Annual General Meeting took place on May 15th—and confirmed our name change.
Equinor in brief
Equinor is an international energy company present in more than 30 countries worldwide, including several of the world’s most important oil and gas provinces. Our headquarters are in Stavanger, Norway, and we have over 20,000 employees. We are listed on the New York and Oslo stock exchanges.
The Equinor share is listed on the Oslo Stock Exchange and the New York Stock Exchange under the ticker codes STL and STO respectively*.The Norwegian state is the largest shareholder with 67% of the shares, managed by the Ministry of Petroleum and Energy.
Capital market updates
Our dividend is declared in USD, and the NOK dividend is calculated and communicated four business days after the record date for Oslo Børs shareholders.
Q4 CASH DIVIDEND USD*
*Subject to AGM approval
EX. DIVIDEND DATE
approx. next payment (OSE)
Our stock market announcements
16. mai 2018
Statoil ASA changes name to Equinor ASA
Equinor ASA, the new name of Statoil ASA, was approved by the annual general meeting yesterday, 15 May 2018, and the new name has now been registered in the Norwegian register of business enterprises.
15. mai 2018
Annual general meeting approved dividend for fourth quarter 2017 and new company name
On 15 May 2018, the annual general meeting of shareholders in Statoil ASA approved the annual report and accounts for Statoil ASA for 2017.
14. mai 2018
Name change is expected to be adopted 15 May 2018
On 15 May 2018, the annual general meeting in Statoil ASA will vote on the proposal to change the company’s name, from Statoil ASA to Equinor ASA.
To see live webcasts and download presentations, please click "Read more" above.
Our latest annual report is the 2017 edition, published on March 23, 2018, and now also available in XBRL format. All previous annual reports are available to download in PDF, dating back to 1972.
Annual Report 2017
2017 has been a good year for us, both operationally and financially. We have seen significant positive impacts from the improvements, and have benefitted from an upturn in the oil and gas market. And we have delivered on the sharpened strategy we launched in February 2017.
In 2017, we presented our strategy: always safe, high value, low carbon. We set clear ambitions for the future, and we have delivered above and beyond our ambitious targets. We are now a stronger, more resilient and more competitive company.
The safety of our people and integrity of our operations remains our top priority. Over the past decade we have steadily improved our safety results, and in 2017, our serious incident frequency came in at 0.6. We will use this as inspiration and continue our efforts.
We must always be prepared for volatility in our markets. Our improvement work started when prices were still high, and we have used the downturn to reset the company, reducing the break-even price of our next generation portfolio to USD 21 per barrel.
Last year we said we would be cash flow positive at USD 50 per barrel in 2017, but we were actually cash flow positive well below USD 50, and we tripled our adjusted earnings to USD 12.6 billion.
We believe the winners in the energy transition will be those who can deliver at low cost and with low carbon emissions. We believe there are attractive business opportunities in the transition to a low-carbon economy, and we continue to build a material industrial position in new energy solutions.
In the autumn of 2017 we started production from Dudgeon, and the floating windfarm Hywind. Today, we operate three offshore wind projects in the UK, delivering competitive returns.
We believe we are well prepared to deal with the current market situation and have the expertise, capacity and leadership capabilities necessary to create new business opportunities and long-term value for our shareholders.
We intend to continue our journey from a focused oil and gas to a broad energy company—a journey that’s reflected in the choice of a new name that we hope will resonate with investors, partners and the talents we need to realise our strategy and reach our ambitions.
Whom to contact in Investor Relations
In most cases, your account registrar will be able to help you with questions relating to your portfolio, dividends and participation at Annual General Meetings. For specific enquiries that must be addressed to our Investor Relations department, please call +47 51990000 or send e-mail to firstname.lastname@example.org. For all other enquiries, please contact your local Statoil/Equinor office or our general enquiry line.
Information for analysts
Every quarter ahead of the earnings announcement, we collect earnings and production estimates from the equity analysts currently covering the company. These numbers become a proxy for the market’s expectations of our results.
Our debt and credit ratings
Our debt strategy is to support the overall financial flexibility of the group and ensure competitive terms and conditions on long term debt.
For a complete background on our debt and credit ratings, please follow the link below. The page contains full information on our
debt strategy, debt programmes, bond issues, maturity profile, financial ratios, credit facilities and credit ratings. Our contacts are found below.