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EQNR
Equinor ASAStock · Energy
$40.54−$0.45 (-1.10%)as of market close, Aug 13, 2026
☾ After hours:$40.54+0.00%3:59 PM ET
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How Equinor ASA makes money

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How does Equinor ASA make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Equinor ASA · FY2025 · year ended 2025-12-31
Revenue$106.5BGross profit$51.3B · 48%Cost of revenue$55.2B · 52%Operating income$25.4B · 24%Operating expenses$25.9B · 24%R&D$0 · 0%Other opex$25.6B · 24%Net income$5.1B · 5%Income tax$20.0B · 19%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.