Equinor ASA revenue by segment EQNR

Annual Quarterly

Equinor ASA splits its revenue into 7 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Crude Oil at $58.4 billion, 55% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017
Revenue	105,242	101,298	106,132	150,262	88,247	45,088	62,657	77,246	61,187
Crude Oil	58,396 +0.3% share 55.5%	58,249 +2.4% share 57.5%	56,861 -2.8% share 53.6%	58,524 +52.8% share 38.9%	38,307 +56.3% share 43.4%	24,509 -26.8% share 54.4%	33,505 share 53.5%	—	—
Natural Gas	25,288 +14.0% share 24.0%	22,192 -15.9% share 21.9%	26,386 -59.6% share 24.9%	65,232 +132.6% share 43.4%	28,050 +288.9% share 31.8%	7,213 -36.1% share 16.0%	11,281 share 18.0%	—	—
Refined Products	10,380 +12.3% share 9.9%	9,242 -8.3% share 9.1%	10,083 -9.1% share 9.5%	11,093 -3.3% share 7.4%	11,473 +75.6% share 13.0%	6,534 -38.7% share 14.5%	10,652 share 17.0%	—	—
Natural Gas Liquids	7,035 -9.2% share 6.7%	7,751 -7.1% share 7.7%	8,345 -9.7% share 7.9%	9,240 +8.8% share 6.1%	8,490 +67.5% share 9.6%	5,069 -12.7% share 11.2%	5,807 share 9.3%	—	—
Power	2,103 +11.7% share 2.0%	1,882 -15.3% share 1.9%	2,223 share 2.1%	—	—	—	—	—	—
Trasnsportation	1,262 -5.4% share 1.2%	1,334 -6.4% share 1.3%	1,425 -3.1% share 1.3%	1,470 +59.6% share 1.0%	921 -15.0% share 1.0%	1,083 +12.0% share 2.4%	967 share 1.5%	—	—
Other Products	778 +19.9% share 0.7%	649 -19.8% share 0.6%	809 -82.8% share 0.8%	4,702 +367.4% share 3.1%	1,006 +47.7% share 1.1%	681 +53.0% share 1.5%	445 share 0.7%	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. More on our methodology.

Company profile

Industry: Petroleum Refining (SIC 2911)
Listed as: EQNR (NYSE), STOHF (OTC)
Fiscal year ends: December 31
Headquarters: Stavanger Norway, Norway
SEC filer status: Large accelerated filer
SEC CIK: 1140625
Former names: STATOIL ASA (until May 16, 2018); STATOILHYDRO ASA (until Oct 19, 2009)

Other Petroleum Refining companies

All 19 Petroleum Refining companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.