Equinor ASA
Explore Equinor ASA
Core profile pages, annual revenue records, and related research hubs for this company.
Equinor ASA
Explore Equinor ASA
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 1972 in Stavanger, Norway
The company was founded as Statoil in 1972 to develop Norway's petroleum resources. It changed its name to Equinor in 2018 to reflect a broader energy identity.
The Norwegian state creates Statoil to develop Norway's petroleum resources.
Statoil lists shares while the Norwegian state remains the controlling shareholder.
Statoil merges with Norsk Hydro's oil and gas business, expanding scale on the Norwegian Continental Shelf.
Statoil changes its name to Equinor to signal a broader energy identity.
Anders Opedal becomes President and Chief Executive Officer.
Equinor reports $150.806B in 2022 revenue amid extraordinary European gas-market conditions.
Equinor reports $106.462B in 2025 revenue and 24,620 employees.
The merger between Statoil ASA and Norsk Hydro ASA's petroleum business, implemented on October 1, 2007, was designed to create a stronger international player than either company could achieve separately. The combined entity, initially named StatoilHydro, would control more than a third of remaining proven resources on the NCS, operate about 80% of NCS production, and have a presence in almost 40 countries.
Equinore acquired Danske Commodities, a leading tech-driven energy trading house, to strengthen its marketing and trading capabilities in power, gas, and certificates across European markets.
Equinor acquired a 60% stake in EQT's non-operated interest in the Northern Marcellus formation, strengthening the company's position in US onshore natural gas production.
Statoil was founded in 1972 and later became Equinor after rebranding.
North Sea development—and the Equinor rebrand—marked the shift to a broader energy identity.
Norwegian shelf production and international projects scaled Equinor globally.
This Equinor history page covers founding, expansion, and modern strategy eras.