EQNR
Full HouseAI pickEquinor ASA · Energy · Norway · $115.6B cap · $194.1M/day traded
$41.99 -1.3% · close 6 Nov · scored 7 Nov
Full House: Strong business, sensible price, and the market agrees.
After its 28 Oct results, analysts raised next year's EPS estimate 5.1%.
As of 7 Nov 2026, the MoatMap Score for Equinor ASA (EQNR) is 95/100, ranked against 25,000+ stocks in 38 markets (Quality 75, Value 57, Momentum 70, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
Equinor acts as a tier-1 'energy-independent' industrial pillar in the European theater. With an unrivaled production profile in stable jurisdictions and high cash-generation capacity, the company is positioned to capture the price premium resulting from long-term energy security anxiety in the West. Their balance sheet strength allows for ongoing capital allocation that reinforces their moat as a critical security asset.
ABOUT EQUINOR ASA
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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% | 120.6B | 132.4B | 118.4B | 5.8% |
| EPS | 9.06 | 3.93 | 3.12 | 1.94 | -40.2% | 4.82 | 6.05 | 4.98 | 60.2% |
| Shares | 3.1B | 2.9B | 2.7B | 2.5B | -19.9% | 2.4B | — | — | — |
| Debt | 32.2B | 31.8B | 30.1B | 31.2B | -1.0% | 29.7B | — | — | — |
| Equity | 54.0B | 48.5B | 42.3B | 40.4B | -9.2% | — | — | — | — |
| Op CF | 35.1B | 29.3B | 19.5B | 20.0B | -17.2% | 24.3B | — | — | — |
| Inv CF | -15.9B | -12.4B | -3.5B | -9.6B | — | — | — | — | — |
| Fin CF | -15.4B | -18.1B | -17.7B | -11.5B | — | — | — | — | — |
Above its 200-day average and 14% below its 52-week high.
Calmer than 53% of stocks we rank over the past year (volatility 40% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
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 | Score |
|---|---|---|---|
| EQNR | Equinor ASA(you) | $115.6B | 95 |
| BP.L | BP p.l.c. | $132.1B | 92 |
| SU.TO | Suncor Energy Inc. | $93.7B | 93 |
| XPBRA.MC | Petróleo Brasileiro S.A. - Petrobras | $159.1B | 91 |
| TTE | TotalEnergies SE | $204.6B | 95 |
| 0857.HK | PetroChina Company Limited | $224.2B | 94 |
| CVE.TO | Cenovus Energy Inc. | $60.6B | 90 |
| E | Eni S.p.A. | $88.9B | 82 |
| SHEL | Shell plc | $307.5B | 95 |
| 0386.HK | China Petroleum & Chemical Corporation | $68.6B | 85 |
Peer medians: ROE 8.6% · P/E 13.2x · Gross margin 34.6%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.