Equinor ASA Free Cash Flow Generation Index
Equinor ASA free cash flow generation index. Equinor ASA (EQNR) has a Free Cash Flow Generation Index of 1.70x as of December 2025. Free cash flow of Nkr33.97 Billion represents 2% of operating cash flow (Nkr19.97 Billion).
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Free Cash Flow Generation Index of Equinor ASA (1998–2025)
Free cash flow generation index of Equinor ASA from 1998 to 2025. Historical FCF Generation Index trend for Equinor ASA across 28 annual periods. See Equinor ASA financial flexibility index to measure the company's free cash flow as a share of total liabilities.
Equinor ASA Free Cash Flow Generation Index by Year (1998–2025)
Equinor ASA free cash flow generation index by year from 1998 to 2025. Year-by-year Free Cash Flow Generation Index for Equinor ASA. For the full cash flow conversion analysis, see Equinor ASA cash flow conversion.
| Year | FCG Index | Free Cash Flow (NOK) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.70x | Nkr33.97 Billion | Nkr19.97 Billion | Nkr13.99 Billion | ▲ +331.1% |
| 2024 | 0.39x | Nkr7.93 Billion | Nkr20.11 Billion | Nkr12.18 Billion | ▼ -31.0% |
| 2023 | 0.57x | Nkr14.13 Billion | Nkr24.70 Billion | Nkr10.57 Billion | ▼ -23.8% |
| 2022 | 0.75x | Nkr26.38 Billion | Nkr35.14 Billion | Nkr8.76 Billion | ▲ +4.1% |
| 2021 | 0.72x | Nkr20.78 Billion | Nkr28.82 Billion | Nkr8.04 Billion | ▲ +292.1% |
| 2020 | 0.18x | Nkr1.91 Billion | Nkr10.39 Billion | Nkr8.48 Billion | ▼ -28.7% |
| 2019 | 0.26x | Nkr3.54 Billion | Nkr13.75 Billion | Nkr10.20 Billion | ▼ -39.0% |
| 2018 | 0.42x | Nkr8.33 Billion | Nkr19.69 Billion | Nkr11.37 Billion | ▲ +68.3% |
| 2017 | 0.25x | Nkr3.61 Billion | Nkr14.36 Billion | Nkr10.76 Billion | ▲ +171.9% |
| 2016 | -0.35x | Nkr-3.16 Billion | Nkr9.03 Billion | Nkr12.19 Billion | ▼ -142.6% |
| 2015 | -0.14x | Nkr-1.79 Billion | Nkr12.40 Billion | Nkr14.19 Billion | ▼ -567.2% |
| 2014 | 0.03x | Nkr524.56 Million | Nkr17.01 Billion | Nkr16.49 Billion | ▲ +126.0% |
| 2013 | -0.12x | Nkr-1.97 Billion | Nkr16.66 Billion | Nkr18.63 Billion | ▼ -197.1% |
| 2012 | 0.12x | Nkr2.80 Billion | Nkr22.93 Billion | Nkr20.13 Billion | ▼ -29.3% |
| 2011 | 0.17x | Nkr3.22 Billion | Nkr18.67 Billion | Nkr15.45 Billion | ▲ +450.0% |
| 2010 | 0.03x | Nkr431.37 Million | Nkr13.75 Billion | Nkr13.32 Billion | ▲ +206.6% |
| 2009 | -0.03x | Nkr-370.84 Million | Nkr12.60 Billion | Nkr12.97 Billion | ▼ -109.1% |
| 2008 | 0.32x | Nkr4.77 Billion | Nkr14.73 Billion | Nkr9.97 Billion | ▲ +32.4% |
| 2007 | 0.24x | Nkr4.23 Billion | Nkr17.29 Billion | Nkr13.07 Billion | ▼ -21.5% |
| 2006 | 0.31x | Nkr3.04 Billion | Nkr9.77 Billion | Nkr6.73 Billion | ▼ -29.5% |
| 2005 | 0.44x | Nkr3.68 Billion | Nkr8.33 Billion | Nkr4.65 Billion | ▲ +144.8% |
| 2004 | 0.18x | Nkr1.16 Billion | Nkr6.43 Billion | Nkr5.27 Billion | ▼ -36.3% |
| 2003 | 0.28x | Nkr1.31 Billion | Nkr4.63 Billion | Nkr3.32 Billion | ▲ +11.3% |
| 2002 | 0.25x | Nkr880.00 Million | Nkr3.46 Billion | Nkr2.58 Billion | ▼ -55.8% |
| 2001 | 0.58x | Nkr2.51 Billion | Nkr4.36 Billion | Nkr1.85 Billion | ▼ -17.3% |
| 2000 | 0.70x | Nkr4.45 Billion | Nkr6.40 Billion | Nkr1.95 Billion | ▲ +352.0% |
| 1999 | -0.28x | Nkr-694.46 Million | Nkr2.52 Billion | Nkr3.21 Billion | ▲ +77.0% |
| 1998 | -1.20x | Nkr-1.59 Billion | Nkr1.32 Billion | Nkr2.91 Billion | — |