Equinor ASA
Market Data Current As Of: September 12, 2026
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Equinor ASA
Compare market positioning with top industry peers
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.
Founded by an unanimous, historic act of the Storting (the Norwegian national parliament) in 1972, the state-owned entity was explicitly designed to act as the primary commercial instrument of Norway's national petroleum policy. The government aimed to ensure that the profits generated from the Norwegian Continental Shelf would primarily benefit the Norwegian people, funding the nation's expansive, generous social welfare system and long-term sovereign wealth fund.
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.
Since its establishment in 1972, Equinor ASA expanded from an early-stage venture into a recognized leader in Integrated energy, oil and gas, offshore production, marketing, midstream, and renewables, overcoming key market challenges.
Over its history, Equinor ASA executed decisive strategic pivots toward scalable monetization and digital distribution, securing its current market leadership.
By continually modernizing operations and embracing workflow automation, Equinor ASA maintains resilience through changing technological and economic cycles.