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179 NOKCHON-RO HWADO-EUP NAMYANGJU-SI GYEONGGI-DO KOREA KR
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Business Description
Every day, as we energise the lives of over 170 million people, Equinor is working to resolve the energy trilemma of climate, affordability, and security. We aim to be a net zero company by 2050, finding new solutions in oil and gas, renewables, and low carbon.
The total tax contribution for Equinor amounted to USD 33,9 billion in 2023. The year was marked by volatile prices driven by geopolitical uncertainty, and energy markets developing with increased complexity and lower predictability.
Equinor has signed an agreement with EQT Corporation to acquire additional non-operated interest in the Northern Marcellus formation in the US. Equinor will pay USD 1.25 billion to EQT in the transaction.
Equinor delivered adjusted operating income* of USD 6.89 billion and USD 2.04 billion after tax in the third quarter of 2024. Equinor reported net operating income of USD 6.91 billion and net income at USD 2.29 billion. Adjusted net income* was USD 2.19 billion, leading to adjusted earnings per share* of USD 0.79.
We can all agree that electrification is a charged issue, so to speak. In our view, it’s the most efficient measure we have to reduce emissions from our production of oil and gas. To others, it’s a waste of both money and electricity. More on both viewpoints in a moment, but let’s start with this: What is electrification?
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