Equinor ASA (EQNR) - Net Assets

Latest as of December 2025: Nkr40.42 Billion NOK

Based on the latest financial reports, Equinor ASA (EQNR) has net assets worth Nkr40.42 Billion NOK as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr131.73 Billion) and total liabilities (Nkr91.30 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr40.42 Billion
% of Total Assets	30.69%
Annual Growth Rate	8.22%
5-Year Change	25.04%
10-Year Change	4.94%
Growth Volatility	23.1

Equinor ASA - Net Assets Trend (1998–2024)

This chart illustrates how Equinor ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Equinor ASA (1998–2024)

The table below shows the annual net assets of Equinor ASA from 1998 to 2024.

Year	Net Assets	Change
2024-12-31	Nkr42.38 Billion	-12.62%
2023-12-31	Nkr48.50 Billion	-10.17%
2022-12-31	Nkr53.99 Billion	+38.35%
2021-12-31	Nkr39.02 Billion	+15.14%
2020-12-31	Nkr33.89 Billion	-17.66%
2019-12-31	Nkr41.16 Billion	-4.26%
2018-12-31	Nkr42.99 Billion	+7.78%
2017-12-31	Nkr39.88 Billion	+13.64%
2016-12-31	Nkr35.10 Billion	-13.09%
2015-12-31	Nkr40.38 Billion	-21.23%
2014-12-31	Nkr51.27 Billion	-12.41%
2013-12-31	Nkr58.54 Billion	+2.17%
2012-12-31	Nkr57.29 Billion	+19.93%
2011-12-31	Nkr47.77 Billion	+24.06%
2010-12-31	Nkr38.51 Billion	+11.52%
2009-12-31	Nkr34.53 Billion	+11.23%
2008-12-31	Nkr31.05 Billion	-5.82%
2007-12-31	Nkr32.97 Billion	+66.16%
2006-12-31	Nkr19.84 Billion	+23.88%
2005-12-31	Nkr16.02 Billion	+11.55%
2004-12-31	Nkr14.36 Billion	+33.22%
2003-12-31	Nkr10.78 Billion	+27.80%
2002-12-31	Nkr8.43 Billion	+42.23%
2001-12-31	Nkr5.93 Billion	-25.24%
2000-12-31	Nkr7.93 Billion	+52.79%
1999-12-31	Nkr5.19 Billion	-4.45%
1998-12-31	Nkr5.43 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Equinor ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1037.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Nkr52.41 Billion	123.77%
Common Stock	Nkr1.05 Billion	2.48%
Total Equity	Nkr42.34 Billion	100.00%

Equinor ASA Competitors by Market Cap

The table below lists competitors of Equinor ASA ranked by their market capitalization.

Company	Market Cap
Adobe Systems Incorporated NASDAQ:ADBE	$93.73 Billion
National Australia Bank Ltd AU:NAB	$93.85 Billion
Boston Scientific Corp NYSE:BSX	$94.05 Billion
Bank of Montreal NYSE:BMO	$95.04 Billion
Compagnie Financière Richemont SA SW:CFR	$93.28 Billion
ESSILORLUXOTTICA 1/2/O.N. F:ESLC	$93.24 Billion
Grupo México S.A.B. de C.V MX:GMEXICOB	$93.12 Billion
Equinix Inc NASDAQ:EQIX	$92.84 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Equinor ASA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 48,490,000,000 to 42,342,000,000, a change of -6,148,000,000 (-12.7%).
Net income of 8,806,000,000 contributed positively to equity growth.
Dividend payments of 8,578,000,000 reduced retained earnings.
Share repurchases of 6,013,000,000 reduced equity.
Other comprehensive income increased equity by 9,132,000,000.
Other factors decreased equity by 9,495,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Nkr8.81 Billion	+20.8%
Dividends Paid	Nkr8.58 Billion	-20.26%
Share Repurchases	Nkr6.01 Billion	-14.2%
Other Comprehensive Income	Nkr9.13 Billion	+21.57%
Other Changes	Nkr-9.49 Billion	-22.42%
Total Change	Nkr-	-12.68%

Book Value vs Market Value Analysis

This analysis compares Equinor ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 22.97x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 129.05x to 22.97x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1998-12-31	Nkr2.76	Nkr356.60	x
1999-12-31	Nkr2.64	Nkr356.60	x
2000-12-31	Nkr0.77	Nkr356.60	x
2001-12-31	Nkr0.56	Nkr356.60	x
2002-12-31	Nkr0.76	Nkr356.60	x
2003-12-31	Nkr0.97	Nkr356.60	x
2004-12-31	Nkr6.50	Nkr356.60	x
2005-12-31	Nkr7.29	Nkr356.60	x
2006-12-31	Nkr6.07	Nkr356.60	x
2007-12-31	Nkr10.21	Nkr356.60	x
2008-12-31	Nkr9.66	Nkr356.60	x
2009-12-31	Nkr10.73	Nkr356.60	x
2010-12-31	Nkr11.71	Nkr356.60	x
2011-12-31	Nkr14.65	Nkr356.60	x
2012-12-31	Nkr17.92	Nkr356.60	x
2013-12-31	Nkr18.33	Nkr356.60	x
2014-12-31	Nkr16.06	Nkr356.60	x
2015-12-31	Nkr12.65	Nkr356.60	x
2016-12-31	Nkr10.94	Nkr356.60	x
2017-12-31	Nkr12.12	Nkr356.60	x
2018-12-31	Nkr12.88	Nkr356.60	x
2019-12-31	Nkr12.34	Nkr356.60	x
2020-12-31	Nkr10.34	Nkr356.60	x
2021-12-31	Nkr11.99	Nkr356.60	x
2022-12-31	Nkr16.96	Nkr356.60	x
2023-12-31	Nkr16.02	Nkr356.60	x
2024-12-31	Nkr15.52	Nkr356.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Equinor ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 20.80%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.59%
• Asset Turnover: 0.78x
• Equity Multiplier: 3.10x
Recent ROE (20.80%) is above the historical average (17.30%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1998	0.32%	0.13%	0.75x	3.43x	Nkr-525.65 Million
1999	8.18%	2.43%	0.83x	4.04x	Nkr-94.56 Million
2000	23.81%	7.01%	1.03x	3.29x	Nkr1.06 Billion
2001	33.30%	7.46%	1.16x	3.86x	Nkr1.34 Billion
2002	29.55%	6.91%	1.19x	3.60x	Nkr1.60 Billion
2003	23.59%	6.64%	1.13x	3.16x	Nkr1.43 Billion
2004	29.31%	8.14%	1.23x	2.92x	Nkr2.72 Billion
2005	28.81%	7.81%	1.38x	2.67x	Nkr2.97 Billion
2006	33.23%	9.55%	1.35x	2.58x	Nkr4.55 Billion
2007	24.87%	8.43%	1.08x	2.73x	Nkr4.85 Billion
2008	20.21%	6.59%	1.13x	2.70x	Nkr3.14 Billion
2009	8.93%	3.81%	0.83x	2.84x	Nkr-365.30 Million
2010	17.35%	7.19%	0.82x	2.93x	Nkr2.74 Billion
2011	28.25%	11.76%	0.87x	2.76x	Nkr8.53 Billion
2012	21.59%	9.76%	0.90x	2.46x	Nkr6.62 Billion
2013	11.22%	6.44%	0.70x	2.49x	Nkr715.27 Million
2014	5.75%	3.61%	0.62x	2.59x	Nkr-2.18 Billion
2015	-10.57%	-8.06%	0.48x	2.73x	Nkr-8.30 Billion
2016	-8.33%	-6.40%	0.44x	2.98x	Nkr-6.43 Billion
2017	11.52%	7.53%	0.55x	2.79x	Nkr603.90 Million
2018	17.54%	9.59%	0.70x	2.62x	Nkr3.24 Billion
2019	4.48%	2.93%	0.53x	2.87x	Nkr-2.27 Billion
2020	-16.23%	-12.01%	0.38x	3.60x	Nkr-8.88 Billion
2021	21.95%	9.65%	0.60x	3.77x	Nkr4.66 Billion
2022	53.25%	19.29%	0.94x	2.93x	Nkr23.35 Billion
2023	24.51%	11.12%	0.74x	2.96x	Nkr7.04 Billion
2024	20.80%	8.59%	0.78x	3.10x	Nkr4.57 Billion

Industry Comparison

This section compares Equinor ASA's net assets metrics with peer companies in the Oil & Gas Integrated industry.

No peer company data available for comparison.

About Equinor ASA

OL:EQNR Norway Oil & Gas Integrated

Market Cap

$93.67 Billion

Nkr890.18 Billion NOK

Market Cap Rank

#230 Global

#1 in Norway

Share Price

Nkr356.60

Change (1 day)

+1.16%

52-Week Range

Nkr227.00 - Nkr420.40

All Time High

Nkr420.40