Our purpose
Equinor is an international energy company committed to long-term value creation in a low-carbon future. Our purpose is to turn natural resources into energy for people and progress for society.
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Welcome to Equinor, an international energy company headquartered in Norway with 22,000 employees in 30 countries. Our ambition is to be a leading company in the energy transition, and we aim to create value through the opportunities the energy transition brings, breaking new industrial ground by building on our 50 years of experience.
We’re an international energy company headquartered in Norway, with 22,000 employees in over 30 countries. For over 50 years, our purpose has been turning natural resources into energy for people, and progress for society. Our values—open, courageous, collaborative and caring—guide our decisions and how we engage with each other, our people, our partners, and the societies in which we operate.
We’re the largest supplier of energy to Europe, a world-leading offshore operator, the largest oil and gas operator in Norway, and an international pioneer in renewables and low carbon solutions. Today, in a world that is increasingly unpredictable, our deliveries of oil, gas and wind power provide a vital and stabilising contribution to Europe’s energy security, both in the short and long term.
We’re committed to the UN’s sustainable development goals and resolving the world’s energy trilemma of security, affordability and climate change. We support the Paris agreement and have set a clear ambition to become a net-zero company by 2050. We combine industrial strength with innovative thinking, expertise and collaboration, enabling us to play a leading role in the global energy transition.
Equinor is an international energy company committed to long-term value creation in a low-carbon future. Our purpose is to turn natural resources into energy for people and progress for society.
Find out more about who we areOur portfolio encompasses oil and gas, renewables and low-carbon solutions. We are the largest supplier of energy to Europe, a world-leading offshore operator and an international pioneer in renewables and low-carbon solutions. Today, in an increasingly unpredictable world, our deliveries of oil, gas and wind power provide a vital and stabilising contribution to Europe’s energy security.
Equity oil and gas production (2022)
Renewable power generation (2022)
Total revenues and other income (2022)
Net operating income
Capital distribution including dividends and share buy-backs
Adjusted return on capital employed
Our ambition is to reduce the net carbon intensity (NCI) of the energy we provide by 20% by 2030. This ambition includes scope 3 emissions from the use of our products. Equinor has taken a clear stand on this: Our ambition is to continue supplying society with energy with lower emissions over time and reach net zero by 2050.
Investing the energy transition
Equinor’s ambition is to allocate more than 50% of our annual gross capex to renewables and low carbon solutions by 2030 and more than 30% in 2025. In 2022 we invested 14% of our gross capex into these areas, which is an increase of 3% compared to 2021.
A just energy transition
We recognise that a successful energy transition must take into account its impact on people and nature. In 2022, we launched our Just transition approach, which lays out five foundational principles to enable us to have a positive impact on the societies in which we operate, including respect for human rights, transparency in our financial reporting and advocacy, preparing our workforce for the future, enabling sustainable supply chains, and bringing resilience to local communities.
Climate change is the greatest challenge of our time. The world’s energy systems are in rapid transition to meet the challenge. The journey towards net zero creates new industry opportunities, and Equinor is ready to seize these opportunities.
Read more about our strategyOur values embody the spirit and energy of Equinor at its best. They help us set direction and they guide our decisions, actions and the way we interact with others. Our values express the ideals we strive to live up to every day.
The energy transition and our net zero ambition by 2050 is a job that is greater than any single company, any one industry, or any nation on its own.
Together, we will develop new energy, and we will develop new industry. This is important, and it is necessary.
To get there. Together is a mindset, a way to work and to communicate. Ultimately, it’s about who we are as a company.
Our ability to create value depends on applying high ethical, safety and security standards to create a trust-based relationship with our people, our owners, our business partners, authorities and the societies where we do business.
In all our business activities we comply with applicable laws, act in an ethical, sustainable and socially responsible manner, practise good corporate governance and respect internationally recognised human rights. We maintain an open dialogue on ethical issues – both internally and externally. Open, honest and accurate communication is essential to our integrity and business success.
Our approach is integrated in our management system, and we have developed guidance and tools for everyone who works for us. Our Code of Conduct sets out our expectations, commitments and requirements for ethical conduct. We do not tolerate any breaches of the Code of Conduct or laws.
Our approach
We are committed to providing a safe and secure environment for everyone working at our facilities and job sites. Equinor's safety and security vision is zero harm. We are committed to treat everyone with fairness, respect and dignity. We do not tolerate any discrimination or harassment of colleagues or others affected by our business.
We have zero tolerance for corruption in any form and take active steps to ensure that corruption does not occur in relation to Equinor's business activities. We are committed to conducting our business activities in an open manner, promoting transparency in our industry. We protect information created by us, or given to us, to ensure appropriate confidentiality and integrity.
We expect our suppliers and business partners to adhere to ethical standards which are consistent with our ethical requirements when working for or together with us. We seek to work with others who share our commitment to ethics and compliance. We believe in the benefits of competition, and Equinor always competes in a fair and ethically justifiable manner.
We aim to create lasting value for society through our business activities. Our contribution may include direct and indirect local employment, procurement of goods and services, infrastructure development and capacity-building. Recognising that our activities have an impact on the environment, we aim to mitigate negative impact. In support of, and to align with, relevant international conventions and agreements, we contribute to concerted actions to protect nature. We actively work to limit greenhouse gas emissions from our activities.
We are committed to have a proactive safety culture to prevent major accidents. Prevention of major accidents is about protecting people and the environment, as well as avoiding serious economic and reputational damage to Equinor. It starts at top-level leadership and requires commitment and capabilities throughout the organisation.
In 1972, Statoil was formed by a decision of the Norwegian parliament and owned 100% by the Norwegian State. In 2001, Equinor was listed on the Oslo and New York stock exchanges with a 67% majority stake owned by the Norwegian State. In 2018 we changed our name to Equinor.
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