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How Equinor ASA (EQNR) makes money

Equinor ASA (EQNR) made $26.0B of revenue in the third quarter 2025 (Q3 2025), +2% from a year earlier.

Drawing the Sankey…

Equinor ASA: where each dollar of revenue goesEquinor ASA: where each dollar of revenue goesIncome tax19¢Operating cash flow24¢Free cash flow11¢

Where each dollar of revenue goes

LineQ3 2025% of revenue
Revenue$26.0B100.0%
Income tax$4.9B18.7%
Operating cash flow$6.3B24.4%
Free cash flow$2.9B11.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2025$26.0B+2%

From Equinor ASA's 6-K filed Oct 29, 2025 (on EDGAR).

Questions

How does Equinor ASA make money?

Equinor ASA (EQNR) made $26.0B of revenue in the third quarter 2025 (Q3 2025), +2% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.