Equinor ASA (EQNR) — 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). Read EQNR current and long-term liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Equinor ASA Free Cash Flow Generation Index (1998–2025)
Historical FCF Generation Index trend for Equinor ASA across 28 annual periods. Explore capital reinvestment ratio of Equinor ASA to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Equinor ASA (1998–2025)
Year-by-year Free Cash Flow Generation Index for Equinor ASA. For the full company profile including market capitalisation, see market value of Equinor ASA.
| 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 | — |