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, December 2021.

SHAREHOLDERS
OWNERSHIP IN % 
NUMBER OF SHARES 

Government of Norway

67.0%

2 182 650 763

Folketrygdfondet

3.7%

120 551 782

BlackRock Institutional Trust Company, N.A.

1.1%

35 901 427

Schroder Investment Management Ltd. (SIM)

1.1%

35 312 273

The Vanguard Group, Inc.

1.0%

31 919 771

T. Rowe Price Associates, Inc.

0.7%

22 690 956

DNB Asset Management AS

0.6%

20 054 515

KLP Forsikring

0.6%

19 428 192

Dodge & Cox

0.6%

19 239 700

Storebrand Kapitalforvaltning AS

0.5%

17 013 421

Wellington Management Company, LLP

0.5%

15 122 526

Marathon-London

0.4%

13 762 270

SAFE Investment Company Limited

0.4%

11 942 771

BlackRock Investment Management (UK) Ltd.

0.4%

11 839 222

Lazard Asset Management, L.L.C.

0.4%

11 711 934

State Street Global Advisors (US)

0.4%

11 635 616

Templeton Investment Counsel, L.L.C.

0.3%

10 107 080

BlackRock Advisors (UK) Limited

0.3%

9 507 244

Alfred Berg Kapitalforvaltning AS

0.3%

9 221 242

Ruffer LLP

0.3%

8 922 493

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.