Equinor

For the pre-merger company, see History of Statoil (1972–2007).
Equinor ASA
FormerlyStatoil (until 15 May 2018 (2018-05-15))
Company typeState-owned
Allmennaksjeselskap
IndustryPetroleum industry
Founded14 June 1972; 52 years ago (1972-06-14)
HeadquartersStavanger, Norway
Key people
Jon Erik Reinhardsen (Chair)
Anders Opedal (CEO)[1]
Products
RevenueIncrease US$90.92 billion (2021)[2]
Increase US$33.66 billion (2021)[2]
Increase US$8.58 billion (2021)[2]
Total assetsIncrease US$147.12 billion (2021)[2]
Total equityIncrease US$39.01 billion (2021)[2]
Owner
Number of employees
21,126 (2021)[2]
Websitewww.equinor.com

Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world.[3] In 2023, the company was ranked 52nd in the same list.[4] As of 2021, the company has 21,126 employees.[2]

The current company was formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro.[5] As of 2017, the Government of Norway is the largest shareholder with 67% of the shares, while the rest is public stock. The ownership interest is managed by the Norwegian Ministry of Petroleum and Energy.[6] The company is headquartered and led from Stavanger, while most of their international operations are currently led from Fornebu, outside Oslo.

The name Equinor was adopted in 2018 and is formed by combining equi, the root for words such as equity, equality, and equilibrium, and nor, indicating that the company is of Norwegian origin.[7] The Norwegian meaning of the former name Statoil is 'state oil', indicating that the oil company is state-owned.[8]

  1. ^ "Anders Opedal taking over as president and CEO". Equinor.com. Retrieved 10 August 2020.
  2. ^ a b c d e f g "Annual Report 2021" (PDF). Statoil. Retrieved 23 March 2022.
  3. ^ "Forbes Global 2000". Forbes. Retrieved 31 October 2020.
  4. ^ "The Global 2000 2023". Forbes. Archived from the original on 2024-01-29. Retrieved 2024-02-07.
  5. ^ "StatoilHydro signature unveiled". 2007-05-10. Archived from the original on 2007-09-28. Retrieved 2007-06-20.
  6. ^ "Statoil Annual Report 2017" (PDF). Statoil. Retrieved 2018-03-23.
  7. ^ "Oil & Gas Giant Statoil Proposes Changing Name To Equinor". 15 March 2018. Retrieved 17 March 2018.
  8. ^ "google translate". Retrieved 17 March 2018.