Equinor

Equinor is an international energy company headquartered in Stavanger, Norway, where its main offices at Forus coordinate global operations. Formerly known as Statoil until 2018, it was founded in 1972 to develop Norway’s oil and gas resources and has since become the largest oil and gas operator on the Norwegian continental shelf and one of the world’s leading offshore operators. The Norwegian state, through the Ministry of Trade, Industry and Fisheries, is the majority shareholder. Equinor now operates in more than 20 countries, with around 25,000 employees, supplying oil, gas and power primarily to European and global markets. The company’s portfolio spans exploration and production in Norway, North and South America, Africa and other regions, midstream transportation and processing, and a growing power business built around renewables and flexible assets. On the Norwegian continental shelf it focuses on responsible exploration, production and extensive subsea pipeline infrastructure, and is expanding activity through large drilling programmes and field developments. Internationally, it is a significant oil and gas producer in the US Gulf of Mexico and onshore US gas, Brazil and Canada, and a key gas supplier to Europe, including long-term contracts into Central Europe. Equinor is a major offshore wind developer, with projects such as Dogger Bank in the UK and Empire Wind in the US, as well as floating wind like Hywind Tampen, and onshore solar and hybrid power projects. Strategically, Equinor presents itself as a broad energy company balancing hydrocarbons with renewables and low‑carbon solutions. It has an ambition to be a leading company in the energy transition and a net‑zero energy company by 2050, supported by an energy transition plan endorsed by shareholders. The company is investing in carbon capture, transport and storage, including as operator of the Northern Lights CO₂ storage project, and is piloting direct ocean carbon removal with Captura at its Kårstø gas processing facility. It reports systematic reductions in Scope 1 and 2 emissions, low upstream CO₂ intensity relative to industry averages, and increasing renewable generation, while continuing to prioritise safety performance, portfolio high‑grading and capital discipline to sustain cash flow and shareholder distributions.