Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
EQNR
STRONG BUYAPPROVEEquinor ASA · Energy · Norway · $77.3B · Avg Vol: $126M/d
As a non-OPEC energy major, Equinor is a primary beneficiary of the structural shift away from Middle Eastern dependency. Given the chronic volatility in the Strait of Hormuz, European energy security depends on stable, high-margin, reliable flows. Equinor offers high FCF, strong operational discipline, and a geographic moat that directly captures the risk premium currently being mispriced by the consensus-driven 'peace deal' narrative.
COMPANY DESCRIPTION
Equinor ASA is an international energy company engaged in oil and gas exploration, production, and refining, alongside a rapidly growing offshore wind portfolio. The company operates as the dominant producer on the Norwegian Continental Shelf, benefiting from low-cost production and strong state backing while leading the global transition to offshore wind. It is a major, state-controlled integrated energy giant.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 149.0B | 106.8B | 102.5B | 105.8B | -10.8% | 104.3B | 119.6B | 111.1B | 2.4% |
| EPS | 9.06 | 3.93 | 3.12 | 1.94 | -40.2% | 2.19 | — | — | — |
| Shares | 3.1B | 2.9B | 2.7B | 2.5B | -19.9% | 2.4B | — | — | — |
| Debt | 32.2B | 31.8B | 30.1B | 31.2B | -1.0% | 31.9B | — | — | — |
| Equity | 54.0B | 48.5B | 42.3B | 40.4B | -9.2% | — | — | — | — |
| Op CF | 35.1B | 29.3B | 19.5B | 20.0B | -17.2% | 16.1B | — | — | — |
| Inv CF | -15.9B | -12.4B | -3.5B | -9.6B | — | — | — | — | — |
| Fin CF | -15.4B | -18.1B | -17.7B | -11.5B | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of EQNR are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| EQNR | Equinor ASA(you) | $77.3B | 96 | STRONG BUY |
| PBR | Petróleo Brasileiro S.A. - Petrobras | $105.0B | 99 | STRONG BUY |
| SU.TO | Suncor Energy Inc. | $63.6B | 91 | STRONG BUY |
| PKN.WA | Orlen S.A. | $38.1B | 96 | STRONG BUY |
| TOTB.DE | TotalEnergies SE | $173.1B | 94 | STRONG BUY |
| ENI.DE | Eni S.p.A. | $67.3B | 78 | BUY |
| BPE5.DE | BP p.l.c. | $96.2B | 78 | BUY |
| CVE.TO | Cenovus Energy Inc. | $46.2B | 82 | STRONG BUY |
| SHEL1N.MX | Shell plc | $214.7B | 89 | STRONG BUY |
| OMV.VI | OMV Aktiengesellschaft | $20.1B | 98 | STRONG BUY |
Peer medians: ROE 6.7% · P/E 16.4x · Gross margin 32.3%