Equinor ASA Free Cash Flow Generation Index

Latest as of June 2026: 0.70x

Equinor ASA free cash flow generation index. Equinor ASA (DNQA) has a Free Cash Flow Generation Index of 0.70x as of June 2026. Free cash flow of €6.60 Billion represents 1% of operating cash flow (€9.47 Billion). Check asset resilience ratio of Equinor ASA to evaluate the company's liquid asset resilience ratio.

FCF Generation Index

0.70x
Free Cash Flow / Operating CF

Free Cash Flow

€6.60 Billion
EUR

Operating Cash Flow

€9.47 Billion
EUR

Capital Expenditures

€2.87 Billion
EUR

Free Cash Flow Generation Index of Equinor ASA (2016–2025)

Free cash flow generation index of Equinor ASA from 2016 to 2025. Historical FCF Generation Index trend for Equinor ASA across 10 annual periods. Explore Equinor ASA (DNQA) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

Equinor ASA Free Cash Flow Generation Index by Year (2016–2025)

Equinor ASA free cash flow generation index by year from 2016 to 2025. Year-by-year Free Cash Flow Generation Index for Equinor ASA. For the full cash flow conversion analysis, see how efficiently does Equinor ASA generate cash.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.30x €5.98 Billion €19.97 Billion €13.99 Billion ▼ -20.1%
2024 0.37x €7.29 Billion €19.46 Billion €12.18 Billion ▼ -40.3%
2023 0.63x €16.46 Billion €26.23 Billion €9.77 Billion ▼ -16.4%
2022 0.75x €26.38 Billion €35.14 Billion €8.76 Billion ▲ +4.1%
2021 0.72x €20.78 Billion €28.82 Billion €8.04 Billion ▲ +292.1%
2020 0.18x €1.91 Billion €10.39 Billion €8.48 Billion ▼ -28.7%
2019 0.26x €3.54 Billion €13.75 Billion €10.20 Billion ▼ -39.0%
2018 0.42x €8.33 Billion €19.69 Billion €11.37 Billion ▲ +73.5%
2017 0.24x €3.61 Billion €14.80 Billion €10.76 Billion ▼ -89.8%
2016 2.38x €21.01 Billion €8.82 Billion €12.19 Billion —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).