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Equinor

Equinor is a fully integrated oil and gas company headquartered in Norway, with majority state ownership. In 2020, it had USD 45.77 billion in revenue and a reported 21,245 employees*. Equinor primarily operates in Norway, the UK, Brazil and the USA. Although it has detailed plans to develop low-carbon businesses, these are undermined by its continued investment in new oil and gas fields.

Ranking position
#8/100
Total score
37.9/100
Performance score
4.9/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

24.8 /100 #10

Material Investment

9.1 /100 #36

Intangible Investment

8.7 /100 #12

Sold products

0.0 /100 #55

Management

63.4 /100 #4

Supplier Engagement

71.3 /100 #2

Client Engagement

37.5 /100 #11

Policy Engagement

18.0 /100 #63

Business Model

47.5 /100 #3

Leading practices

Risks and opportunities

Trend

Equinor receives a trend score of =. If the company were reassessed in the near future, its score would likely remain the same. Its absolute emissions from current oil and gas fields and reserves are expected to exceed its 1.5°C carbon budget by 24% between 2019 and 2050. Likewise, its projected short-term emissions intensity trajectories suggest the company is not on track to deliver the rate of reductions required by its 1.5°C pathway.

However, Equinor is planning to increase its CapEx in low-carbon projects and has clear plans to develop three low-carbon business areas. These will enable the company to reduce scope 3 emissions intensity. It is also expected that Equinor will soon start reporting current and expected revenue from its newly-created renewables segment.

Progress towards the Paris Agreement

More about the company

Headquarters
Stavanger, Norway
Group revenue
USD 45.77 billion
Ownership structure
Publicly listed
Number of employees
21,245
Scope of activity
Fully Integrated
Website
https://www.equinor.com/