Equinor ASA ADR Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
13.9%projected annual EPS growth
Analyst Coverage
6analysts covering
FY Revenue (est.)
$125.7Bnext fiscal year
FY EPS (est.)
$5.27next fiscal year
Reporting Calendar
| Event | Expected Date |
|---|---|
| Q3 2026 Earnings Release | 28 Oct 2026 |
| Q4 2026 Earnings Release & Capital Markets Update | 3 Feb 2027 |
Monitoring Framework
Key Performance Indicators
Return on Average Capital Employed (ROACE) Annually14.5Target: Above 15% annually from 2026-2030
Upstream CO2 Intensity Annually6.3Target: <6 kg CO2 per barrel of oil equivalent (boe) by 2030
Net Carbon Intensity Reduction AnnuallyTarget: 5-15% reduction by 2030 and 15-30% by 2035 compared to 2019 levels
Annual Share Buy-backs Annually3BTarget: USD 2-4 billion per year from 2027 (based on oil price range of USD 60-80/bbl)
Watch Items
- Brent Crude Oil PriceTrigger: Below USD 60-65 per barrelAction: Re-evaluate capital distribution capacity, specifically the scale of the annual share buy-back program and the sustainability of extraordinary dividends.
- Renewable Energy Project ReturnsTrigger: Diminishing returns or double-digit cost inflation in offshore wind projectsAction: Assess the pace of capital recycling from high-margin hydrocarbons into lower-return offshore wind assets; monitor management's 'value over volume' strategic adjustments.
Research as of 2 Sep 2026