Presentation

Equinor is Norway’s national energy company, and has historically primarily engaged in the exploration, development, production, and marketing of oil and gas resources. In addition, the company is fast expanding its renewables business. Equinor is listed on the Oslo Stock Exchange and New York Stock Exchange and the Norwegian state holds 69% of the shares outstanding.

Equinor’s recent investments/acquisitions within renewables have been mainly focused on long-term infrastructure projects like solar and offshore wind. Investments are expected to gradually shift towards renewables with Equinor guiding gross capex of USD ~23bn (USD ~12bn net) in renewables over 2021-26, growing towards >50% of total capex by 2030.