Equinor ASA (EQNR) 6-K 27 Jul 22 2022 Q2 Equinor Second Quarter 2022 Report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION	6 Months Ended
	Jun. 30, 2022
Document and Entity Information [abstract]
Document Type	6-K
Document Period End Date	Jun. 30, 2022
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Registrant Name	EQUINOR ASA
Entity Central Index Key	0001140625
Address Line 1	FORUSBEEN 50, N-4035
Name of the City or Town	STAVANGER
Entity Address Country	NO
Entity File Number	1-15200

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENT OF INCOME [Abstract]
Revenues	$ 36,387	$ 36,050	$ 17,380	$ 72,437	$ 33,508
Net income/(loss) from equity accounted investments	51	99	16	151	47
Other Income	21	244	66	265	1,497
Total revenues and other income	36,459	36,393	17,462	72,852	35,052
Purchases (net of inventory variation)	(13,851)	(13,510)	(7,399)	(27,361)	(14,565)
Operating expenses	(2,200)	(1,989)	(2,134)	(4,189)	(4,076)
Selling, general and administrative expenses	(205)	(282)	(195)	(487)	(413)
Depreciation, amortisation and net impairments	(2,140)	(2,017)	(2,111)	(4,158)	(4,908)
Exploration expenses	(331)	(203)	(326)	(534)	(572)
Total operating expenses	(18,727)	(18,001)	(12,164)	(36,727)	(24,534)
Net operating income/(loss)	17,733	18,392	5,298	36,125	10,518
Interest and other financial expenses	(327)	(266)	(304)	(593)	(616)
Other financial items	2,351	(903)	(90)	1,447	(485)
Net financial items	2,023	(1,169)	(393)	854	(1,101)
Income/(loss) before tax	19,756	17,223	4,905	36,979	9,417
Income tax	(12,995)	(12,509)	(2,962)	(25,503)	(5,620)
Net income/(loss)	6,762	4,714	1,943	11,476	3,797
Attributable to equity holders of the company	6,757	4,710	1,938	11,467	3,789
Attributable to non-controlling interests	$ 5	$ 4	$ 5	$ 9	$ 8
Basic earnings per share (in USD)	$ 2.12	$ 1.46	$ 0.60	$ 3.57	$ 1.17
Diluted earnings per share (in USD)	$ 2.11	$ 1.46	$ 0.60	$ 3.56	$ 1.16
Weighted average number of ordinary shares outstanding (in millions)	3,188	3,228	3,247	3,208	3,248
Weighted average number of ordinary shares outstanding diluted (in millions)	3,197	3,237	3,257	3,217	3,257

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Consolidated statements of comprehensive income [Abstrct]
Net income/(loss)		$ 6,762	$ 4,714	$ 1,943	$ 11,476	$ 3,797
Actuarial gains (losses) on defined benefit pension plans		27	(419)	107	(392)	224
Income tax effect on income and expenses recognised in OCI	[1]	(6)	93	(24)	87	(50)
Items that will not be reclassified to the Consolidated statement of income		21	(326)	83	(305)	174
Foreign currency translation effects		(4,410)	173	119	(4,238)	73
Items that may be subsequently reclassified to the Consolidated statement of income		(4,410)	173	119	(4,238)	73
Other comprehensive income/(loss)		(4,389)	(153)	202	(4,542)	247
Total comprehensive income/(loss)		2,372	4,561	2,144	6,933	4,044
Attributable to the equity holders of the company		2,368	4,557	2,140	6,925	4,036
Attributable to non-controlling interests		$ 5	$ 4	$ 5	$ 9	$ 8
[1] 1) Other comprehensive income (OCI).

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Noncurrent assets [abstract]
Property, plant and equipment	$ 54,787	$ 62,075
Intangible assets	5,307	6,452
Equity accounted investments	1,659	2,686
Deferred tax assets	6,478	6,259
Pension assets	815	1,449
Derivative financial instruments	660	1,265
Financial investments	2,788	3,346
Prepayments and financial receivables	1,579	1,087
Total non-current assets	74,073	84,618
Current assets [abstract]
Inventories	5,257	3,395
Trade and other receivables	17,741	17,927
Derivative financial instruments	6,856	5,131
Financial investments	25,105	21,246
Cash and cash equivalents	20,582	14,126
Total current assets	75,541	61,826
Assets classified as held for sale	2,352	676
Total assets	151,966	147,120
Equity [abstract]
Shareholders equity	41,206	39,010
Non-controlling interests	21	14
Total equity	41,226	39,024
Noncurrent liabilities [abstract]
Finance debt	24,062	27,404
Lease liabilities	2,318	2,449
Deferred tax liabilities	13,393	14,037
Pension liabilities	4,086	4,403
Provisions and other liabilities	15,814	19,899
Derivative financial instruments	2,035	767
Total non-current liabilities	61,708	68,959
Current liabilities [abstract]
Trade, other payables and provisions	10,985	14,310
Current tax payable	21,636	13,119
Finance debt	5,775	5,273
Lease liabilities	1,138	1,113
Dividends payable	1,262	582
Derivative financial instruments	6,416	4,609
Total current liabilities	47,214	39,005
Liabilities directly associated with the assets classified as held for sale	1,818	132
Total liabilities	110,740	108,096
Total equity and liabilities	$ 151,966	$ 147,120

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($) $ in Millions		Total	Share capital [member]	Additional paid-in capital [member]	Retained earnings [member]	Foreign currency translation reserve [member]	Shareholder's equity [member]	Non-controlling interests [member]
Equity beginning balance at Dec. 31, 2020		$ 33,892	$ 1,164	$ 6,852	$ 30,050	$ (4,194)	$ 33,873	$ 19
Statement Of Changes In Equity [table]
Net income/(loss)		3,797			3,789		3,789	8
Other comprehensive income/(loss)		247			174	73	247
Total comprehensive income/(loss)		4,044
Dividends		(877)			(877)		(877)
Share buy-back		0		0			0
Other equity transactions		(18)		(8)	0		(8)	(9)
Equity ending balance at Jun. 30, 2021		37,041	1,164	6,844	33,136	(4,121)	37,023	18
Equity beginning balance at Dec. 31, 2021		39,024	1,164	6,408	36,683	(5,245)	39,010	14
Statement Of Changes In Equity [table]
Net income/(loss)		11,476			11,467		11,467	9
Other comprehensive income/(loss)		(4,542)			(305)	(4,238)	(4,542)
Total comprehensive income/(loss)		6,933
Dividends		(2,551)			(2,551)		(2,551)
Share buy-back	[1]	(2,170)	(22)	(2,148)			(2,170)
Other equity transactions		(11)		(9)	0		(8)	(2)
Equity ending balance at Jun. 30, 2022		$ 41,226	$ 1,142	$ 4,252	$ 45,295	$ (9,483)	$ 41,206	$ 21
[1] 2) For more information see note 7 Capital distribution.

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2022		Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Cash flows from (used in) operating activities [abstract]
Income/(loss) before tax		$ 19,756		$ 17,223	$ 4,905	$ 36,979	$ 9,417
Depreciation, amortisation and net impairment losses		2,140		2,017	2,111	4,158	4,908
Exploration expenditures written off		87		73	25	161	89
(Gains) /losses on foreign currency transactions and balances		(2,821)		284	43	(2,537)	(27)
(Gains) /losses on sales of assets and businesses		(6)		(89)	16	(94)	(1,367)
(Increase)/decrease in other items related to operating activities	[1]	(920)		(300)	(565)	(1,220)	(343)
(Increase) /decrease in net derivative financial instruments		3		953	170	956	746
Interest received		59		11	39	70	78
Interest paid		(233)		(118)	(199)	(351)	(340)
Cash flows provided by operating activities before taxes paid and working capital items		18,066		20,055	6,543	38,122	13,161
Taxes paid		(8,050)		(4,307)	(344)	(12,357)	(428)
(Increase) decrease in working capital		(1,496)		23	444	1,473	(106)
Cash flows provided by operating activities		8,520		15,771	6,643	24,291	12,627
Cash flows from (used in) investing activities [abstract]
Cash used/received in business combinations2	[2],[3]	168		0	(111)	168	(111)
Capital expenditures and investments		(1,713)		(2,182)	(1,747)	(3,895)	(3,897)
(Increase) /decrease in financial investments		(3,069)		(2,850)	(4,224)	(5,920)	(3,525)
(Increase) /decrease in derivatives financial instruments		940		424	(65)	1,364	(370)
(Increase) /decrease in other items interest bearing		29		4	(134)	33	(137)
Proceeds from sale of assets and businesses		77		140	692	217	1,839
Cash flows used in investing activities		(3,567)		(4,465)	(5,589)	(8,032)	(6,202)
Cash flows from (used in) financing activities [abstract]
Repayment of finance debt		0		0	(1)	0	(1,425)
Repayment of lease liabilities		(344)		(317)	(308)	(661)	(610)
Dividend paid		(1,310)		(582)	(389)	(1,893)	(744)
Share buy-back		(304)		(439)	0	(742)	0
Net current finance debt and other financing activities		(2,250)		(2,804)	687	(5,054)	(327)
Cash flows provided by (used in) financing activities		(4,208)		(4,142)	(10)	(8,350)	(3,107)
Net increase (decrease) in cash and cash equivalents		745		7,165	1,044	7,910	3,318
Effect of exchange rate changes on cash and cash equivalents		(1,064)		(270)	3	(1,334)	(170)
Cash and cash equivalents at the beginning of the period (net of overdraft)		20,882	[4]	13,987	8,857	13,987	6,757
Cash and cash equivalents at the end of the period (net of overdraft)	[4]	$ 20,562		$ 20,882	$ 9,904	$ 20,562	$ 9,904
[1] The line Increase (decrease) in other items related 189 which represent the accretion related to the payment below. The line Capital expenditures and investments for 336 769 million payment of a contingent consideration related corresponding receipt of USD 433 acquired interests in 2018. Net after cash and cash equivalents acquired. The second quarter of 2022 as described in note At 30 June 2022 cash and cash equivalents included 20 7 30 June 2021 and USD 140

CONSOLIDATED STATEMENT OF CAS_2

CONSOLIDATED STATEMENT OF CASH FLOWS - (Parenthectical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Cash and cash equivalents includes: [abstract]
Bank overdrafts	$ 20	$ 140	$ 7
Disposal of parts of Bacalhau field [Member]
Acquisitions and disposals [Table]
Consideration paid (received)	(433)
Bacalhau field [Member]
Acquisitions and disposals [Table]
Consideration paid (received)	769
Bacalhau field [Member] | Disposal of parts of Bacalhau field [Member]
Acquisitions and disposals [Table]
Accretion of payment related to acquisition and disposal of the interests	189
Consideration paid (received)	$ 336

Organisation and basis of prepa

Organisation and basis of preparation	6 Months Ended
	Jun. 30, 2022
Organisation and basis of preparation [Abstract]
Organisation and basis of preparation	1 Organisation and basis of preparation Organisation and principal activities Equinor Group (Equinor) consists of Equinor ASA Norway listed on the Oslo Børs ( Norway ) and the New York Stock Exchange (USA). The address of its registered office is Forusbeen 50, N- 4035 Stavanger, Norway . Equinor’s business consists principally of the exploration, production, transportation, refining and marketing of petroleum and petroleum-derived products, and other forms of energy. 100 % owned operating subsidiary of Equinor ASA and owner of all of Equinor's oil and gas activities and net assets on the Norwegian continental shelf, debt obligations of Equinor ASA. Equinor's condensed interim financial statements for the second quarter of 2022 were authorised 26 July 2022. Basis of preparation These condensed interim financial statements are prepared in accordance with International Accounting Reporting as issued by the International Accounting Standards Board (IASB) and as adopted by the European condensed interim financial statements do not include all the information and disclosures required Standards (IFRS) for a complete set of financial statements, and these condensed interim financial statements conjunction with the Consolidated annual financial statements for 2021. IFRS as adopted by the EU IFRS as issued by the IASB, but the differences do not impact Equinor's financial statements for the periods presented. A of the significant accounting policies applied in preparing these condensed interim financial statements is included in Consolidated annual financial statements for 2021. There have been no changes to the significant accounting policies during 2022 compared to the Consolidated annual statements for 2021. With effect from the second quarter 2022, due to the evolving trading business in the determined that fair value less cost to sell (FV) is an appropriate measurement basis for purposes with subsequent changes in FV recognised in the Consolidated statement restated due to materiality. Certain amounts in the comparable periods in the note disclosures have been reclassified to The subtotals and totals in some of the tables may not equal the sum of the amounts shown due value, there have been no changes to the valuation techniques or models and Equinor applies the same criteria for categorisation in the fair value hierarchy as disclosed in the Consolidated The Condensed interim financial statements are unaudited. Use of estimates The preparation of financial statements in conformity with IFRS requires management to make that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and various other be reasonable under the circumstances, the results of which form the basis for making the judgments and liabilities that are not readily apparent from other sources. Actual results may

Segments

Segments	6 Months Ended
	Jun. 30, 2022
Segments [abstract]
Segments	2 Segments Equinor’s operations are managed through operating segments (business areas). The Norway (E&P Norway), Exploration & Production International (E&P International), Exploration Marketing, Midstream & Processing (MMP) and Renewables (REN) correspond to the operating segments. Projects, Drilling & Procurement (PDP), Technology, the reportable segment Other based on materiality. The majority of the costs in PDP and TDI are allocated to the three Exploration & Production segments, MMP and REN. Inter-segment sales and related unrealised profits, mainly from the sale of crude oil and products, column below. Inter-segment revenues are based upon estimated market prices. The reported measure of segment profit is net operating income/(loss) . assets are not allocated to the segments. The measurement basis for the segments is IFRS as applied by the group, equity accounted investments in which movements related to changes in asset retirement obligations the second quarter 2022, Equinor has changed the measurement basis for the segments related to of IFRS 16 Leases in 2019, all leases have been presented within the Other segment and operating segments based on underlying lease payments with a corresponding credit in the Other quarter 2022, lease contracts are accounted for in accordance with IFRS 16 in all segments change does not affect Equinor’s consolidated financial statements. Comparative numbers in the Second quarter 2022 E&P Norway E&P International E&P USA MMP REN Other Eliminations Total (in USD million) Revenues third party, other revenue and other income 132 237 82 35,921 3 33 0 36,408 Revenues inter-segment 16,580 1,559 1,548 93 0 9 (19,789) 0 Net income/(loss) from equity accounted investments 0 42 0 (2) 12 0 0 51 Total revenues and other income 16,712 1,838 1,629 36,012 15 42 (19,789) 36,459 Purchases [net of inventory variation] 0 (36) (0) (33,379) 0 (1) 19,564 (13,851) Operating, selling, general and administrative expenses (984) (370) (244) (956) (56) (3) 209 (2,404) Depreciation, amortisation and net impairment losses (1,202) (315) (362) (221) (1) (39) 0 (2,140) Exploration expenses (45) (135) (151) 0 0 0 0 (331) Total operating expenses (2,231) (856) (757) (34,556) (57) (43) 19,774 (18,727) Net operating income/(loss) 14,482 982 872 1,456 (42) (1) (16) 17,733 Additions to PP&E, intangibles and equity accounted investments 1,339 573 170 253 57 14 (0) 2,405 First quarter 2022 E&P Norway 1) E&P International 1) E&P USA MMP 1) REN Other 1) Eliminations 1) Total (in USD million) Revenues third party, other revenue and other income 1) 209 62 78 35,825 90 31 0 36,294 Revenues inter-segment 1) 18,245 1,324 1,191 89 0 10 (20,859) 0 Net income/(loss) from equity accounted investments 0 67 0 3 29 0 0 99 Total revenues and other income 1) 18,454 1,453 1,269 35,917 119 41 (20,859) 36,393 Purchases [net of inventory variation] 0 27 0 (34,289) 0 0 20,752 (13,510) Operating, selling, general and administrative expenses 1) (816) (390) (220) (923) (41) (78) 197 (2,271) Depreciation, amortisation and net impairment losses 1) (600) (1,378) 212 (212) (1) (39) 0 (2,017) Exploration expenses (106) (81) (16) 0 0 0 0 (203) Total operating expenses 1) (1,521) (1,822) (24) (35,425) (41) (116) 20,949 (18,001) Net operating income/(loss) 1) 16,933 (369) 1,245 492 77 (76) 90 18,392 Additions to PP&E, intangibles and equity accounted investments 1) 1,072 626 126 265 43 56 (0) 2,188 1) Restated due to implementation of IFRS 16 in expenses in MMP (reduction of USD 136 177 impairments in MMP (increase of USD 134 201 Second quarter 2021 E&P Norway 1) E&P International 1) E&P USA MMP 1) REN Other 1) Eliminations 1) Total (in USD million) Revenues third party, other revenue and other income 1) 78 291 101 16,897 7 72 0 17,446 Revenues inter-segment 1) 6,167 1,170 867 82 0 10 (8,296) 0 Net income/(loss) from equity accounted investments 0 19 0 7 (6) (4) 0 16 Total revenues and other income 1) 6,245 1,479 968 16,986 2 78 (8,296) 17,462 Purchases [net of inventory variation] 0 14 (0) (15,448) 0 (0) 8,035 (7,399) Operating, selling, general and administrative expenses 1) (811) (425) (286) (969) (32) (112) 307 (2,329) Depreciation, amortisation and net impairment losses 1) (959) (244) (438) (424) (1) (44) 0 (2,111) Exploration expenses (55) (231) (39) 0 0 0 0 (326) Total operating expenses 1) (1,825) (886) (764) (16,842) (33) (156) 8,342 (12,164) Net operating income/(loss) 1) 4,420 593 204 144 (31) (78) 46 5,298 Additions to PP&E, intangibles and equity accounted investments 1) 1,322 430 180 138 159 14 0 2,243 1) Restated due to implementation of IFRS 16 in expenses in MMP (reduction of USD 128 169 impairments in MMP (increase of USD 140 208 First half 2022 E&P Norway E&P Internationa l E&P USA MMP REN Other Eliminations Total (in USD million) Revenues third party, other revenue and other income 341 298 160 71,746 93 64 0 72,702 Revenues inter-segment 34,825 2,883 2,739 182 0 19 (40,648) 0 Net income/(loss) from equity accounted investments 0 109 0 1 41 0 0 151 Total revenues and other income 35,166 3,290 2,898 71,929 134 83 (40,648) 72,852 Purchases [net of inventory variation] 0 (9) (0) (67,668) 0 (0) 40,316 (27,361) Operating, selling, general and administrative expenses (1,799) (760) (465) (1,880) (97) (81) 406 (4,675) Depreciation, amortisation and net impairment losses (1,802) (1,693) (150) (433) (2) (78) 0 (4,158) Exploration expenses (150) (216) (168) 0 0 0 0 (534) Total operating expenses (3,752) (2,678) (782) (69,981) (99) (159) 40,723 (36,727) Net operating income/(loss) 31,414 613 2,117 1,948 35 (77) 75 36,125 Additions to PP&E, intangibles and equity accounted investments 2,410 1,199 296 518 100 70 (0) 4,593 Balance sheet information Equity accounted investments 3 490 0 113 1,001 52 (0) 1,659 Non-current segment assets 29,176 14,975 11,121 3,631 183 1,009 0 60,094 Non-current assets not allocated to segments 12,319 Total non-current assets 74,073 First half 2021 E&P Norway 1) E&P International 1) E&P USA 1) MMP 1) REN 1) Other 1) Eliminations 1) Total (in USD million) Revenues third party, other revenue and other income 1) 138 514 222 32,599 1,389 143 0 35,005 Revenues inter-segment 1) 11,923 1,975 1,739 166 0 20 (15,823) 0 Net income/(loss) from equity accounted investments 0 42 0 15 (6) (4) 0 47 Total revenues and other income 1) 12,060 2,531 1,961 32,780 1,383 160 (15,823) 35,052 Purchases [net of inventory variation] 0 (15) (0) (29,625) 0 (1) 15,076 (14,565) Operating, selling, general and administrative expenses 1) (1,589) (662) (621) (1,908) (72) (231) 593 (4,489) Depreciation, amortisation and net impairment losses 1) (2,579) (661) (874) (704) (1) (88) 0 (4,908) Exploration expenses (125) (338) (109) 0 0 0 0 (572) Total operating expenses 1) (4,293) (1,676) (1,605) (32,236) (73) (320) 15,669 (24,534) Net operating income/(loss) 1) 7,767 855 356 544 1,310 (160) (154) 10,518 Additions to PP&E, intangibles and equity accounted investments 1) 2,587 819 337 190 286 38 0 4,258 Balance sheet information Equity accounted investments 3 1,181 0 96 1,067 32 0 2,377 Non-current segment assets 1) 38,337 17,839 11,967 4,786 145 1,086 0 74,160 Non-current assets not allocated to segments 13,303 Total non-current assets 89,841 1) Restated due to implementation of IFRS 16 in expenses in MMP (reduction of USD 258 341 impairments in MMP (increase of USD 268 404 Equinor has not recognised any significant impairments or reversals of impairments in the second quarter Net impairment reversals amounted to USD 276 113 cost and signature bonuses classified as exploration expenses. In the second quarter of 2021, net impairment 396 million and USD 93 segment, the impairments amounted to USD 185 Net impairment reversals in the first half of 2022 amounted to USD 245 152 2021), of which USD 832 The recoverable amounts in the impairment assessments are normally based on value in use. Value in use estimates and discounted cash flows used to determine the recoverable amount of assets tested for impairment are based production profiles and commodity prices. Non-current assets by country At 30 June At 31 December (in USD million) 2022 2021 Norway 32,886 40,564 USA 12,077 12,323 Brazil 8,929 8,751 UK 1,868 2,096 Azerbaijan 1,609 1,654 Canada 1,294 1,403 Angola 932 948 Algeria 656 708 Argentina 550 474 Denmark 486 536 Other 467 1,757 Total non-current assets 1) 61,754 71,213 1) Excluding deferred tax assets, pension assets and non-current financial assets. The decrease in non-current assets in Norway from 31 December 2021 to 30 June 2022 is mainly 4.2 billion and increased interest rates which have effect on the asset retirement obligation of USD 2.7 Revenues from contracts with customers by geographical areas When attributing the line item Revenues from contracts with customers to the country of the legal entity second quarter of 2022, Norway constitutes 84 % and USA constitutes 14 % of such revenues ( 85 % and 12 % respectively for the first half of 2022). For the second quarter of 2021, Norway and USA constituted 76 % and 16 % of such revenues, respectively ( 78 % and 16 % for the first half of 2021). Revenues from contracts with customers and other revenues Quarters First half Q2 2022 Q1 2022 Q2 2021 (in USD million) 2022 2021 16,397 15,034 9,060 Crude oil 31,431 17,774 12,923 15,538 3,443 Natural gas 28,461 6,741 11,457 14,350 2,908 25,808 5,569 766 621 319 1,387 741 699 567 215 1,266 431 2,531 2,904 2,682 Refined products 5,435 5,055 2,529 2,576 1,672 Natural gas liquids 5,106 3,582 310 282 205 Transportation 592 461 651 1,117 341 Other sales 1,768 454 35,342 37,451 17,402 Revenues from contracts with customers 72,793 34,067 1,045 (1,401) (23) Total other revenues 1) (356) (558) 36,387 36,050 17,380 Revenues 72,437 33,508 1) Principally relates to commodity derivatives.

Acquisitions and disposals

Acquisitions and disposals	6 Months Ended
	Jun. 30, 2022
Acquisitions and disposals [Abstract]
Acquisitions and disposals	3 Acquisitions and disposals Acquisition Acquisition of Statfjord On 31 May 2022, Equinor closed a transaction to acquire all of Spirit Energy’s interests in production which covers the Norwegian and UK Continental Shelves and consists of three integrated installations. All licenses are operated by Equinor. Spirit Energy’s ownership shares in the licenses covered by the transaction range from 11.56 % to 48.78 %. The cash consideration received was USD 193 25 volumes on Equinor’s behalf in June 2022. The assets and liabilities acquired have been reflected IFRS 3 Business Combination. The transaction is reflected in the E&P Norway and E&P consideration of USD 96 72 In the segment E&P Norway, the acquisition resulted in an increase of USD 98 of USD 390 298 payable of USD 98 98 Plant and Equipment, an increase of USD 241 86 million. Both the consideration and the purchase price allocation are preliminary. Acquisition of Triton Power On 28 June 2022, Equinor and SSE Thermal entered into an agreement to acquire the power company Triton Power from Energy Capital Partners (ECP) for a combined consideration of USD 413 341 net debt and working capital. The key plant included in the purchase of Triton Power is the Saltend Power Station with capacity of 1.2 50 % each of Triton Power. Closing of the transaction is expected during 2022, subject to approvals by the UK National Security Filing and EU Merger Control. Disposals 10% of Dogger Bank C On 10 February 2022, Equinor closed the transaction with Eni to sell a 10 % equity interest in the Dogger Bank C project in the UK for a total consideration of USD 91 68 87 65 ownership share is 40 %. Equinor will continue to equity account for the remaining investment as a joint in the line item Other income in the Consolidated statement of income in the REN segment. Exit Russia Following Russia’s invasion of Ukraine, Equinor announced that it had decided to stop new investments in process of exiting Equinor’s joint arrangements. Based on this decision, Equinor impairments of USD 1.083 251 intangible assets and USD 832 of contingent consideration from the time of acquiring the assets. The impairments were recognised amortisation and net impairment losses and Exploration expenses in the Consolidated statement impaired assets and reflected in the E&P International segment. During the second quarter, Equinor has transferred its participating interests in four Russian entities to Rosneft and is released from all future commitments financial statements. The ownership interests in Kharyaga have been transferred to the operator. Equinor has stopped trading in Russian oil. This means that Equinor will not enter into any new oil and oil products from Russia. Equinor has assessed the accounting impact of certain commitments entered into prior to the invasion and deem the impact to be immaterial. Held for sale Equinor Energy Ireland Limited In the fourth quarter of 2021, Equinor entered into an agreement with Vermilion Energy Inc (Vermilion) to sell Equinor’s non-operated equity position in the Corrib gas project in Ireland. The transaction covers a sale of 100 % of the shares in Equinor Energy Ireland Limited (EEIL). EEIL owns 36.5 % of the Corrib field alongside the operator Vermilion ( 20 %) and Nephin Energy ( 43.5 %). Equinor and Vermilion have agreed a consideration of USD 434 production level and gas prices. The effective date for the transaction is 1 January 2022. Closing is expected in the 2022. Ekofisk and Martin Linge on the Norwegian Continental Shelf On 10 May 2022, Equinor entered into an agreement with Sval Energi to divest Equinor’s Area, a 19 % ownership share in Martin Linge and an 18,5 % share in Norpipe Oil AS for a cash consideration of USD 1 interim period settlement, and a contingent consideration linked to realised oil and gas prices for 2022 and 51 % ownership share in Martin Linge and continue as operator of the field. Closing of the 2022, subject to customary government and license approvals.

Financial items

Financial items	6 Months Ended
	Jun. 30, 2022
Financial items [Abstract]
Financial items	4 Financial items Quarters First half Q2 2022 Q1 2022 Q2 2021 (in USD million) 2022 2021 2,821 (284) (43) Net foreign currency exchange gains/(losses) 2,537 27 280 114 28 Interest income and other financial items 394 72 (224) (134) 27 Gains/(losses) on financial investments (357) (123) (526) (599) (101) Gains/(losses) other derivative financial instruments (1,126) (462) (327) (266) (304) Interest and other finance expenses (593) (616) 2,023 (1,169) (393) Net financial items 854 (1,101) Equinor has a US Commercial paper programme available with a limit of USD 5 799 June 2022, compared to USD 2,600 Equinor reports significant unrealised foreign currency gains in the second quarter 2022, mainly related to of USD versus NOK.

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 2022
Income taxes [abstract]
Income taxes	5 Income taxes Quarters First half Q2 2022 Q1 2022 Q2 2021 (in USD million) 2022 2021 19,756 17,223 4,905 Income/(loss) before tax 36,979 9,417 (12,995) (12,509) (2,962) Income tax (25,503) (5,620) 65.8 % 72.6 % 60.4 % Effective tax rate 69 % 59.7 % The effective tax rate for the second quarter of 2022 was primarily influenced by low share of income before tax continental shelf and positive income in countries with lower tax rates and with unrecognised deferred for the first half of 2022 was primarily influenced by high share of income before tax from the Norwegian including impairments recognised in countries with lower effective tax rates, partially offset by positive income in countries with lower tax rates and with unrecognised deferred tax assets. The effective tax rate for the second quarter of 2022 and for the was also influenced by currency effects in entities that are taxable in other currencies than the functional Retrospective application of the Norwegian Petroleum Tax Act amendments adopted on 17 June 2022, effective from 1 January 2022, had an immaterial cumulative impact on the interim financial statement in the second quarter 2022. The effective tax rate for the second quarter of 2021 and for the first half of 2021 was primarily influenced by positive income in countries with unrecognised deferred tax assets. The effective tax rate for the second quarter of 2021 was by currency effects in entities that are taxable in other currencies than the functional currency.

Provisions, commitments, contin

Provisions, commitments, contingent liabilities and contingent assets	6 Months Ended
	Jun. 30, 2022
Provisions, commitments, contingent liabilities and contingent assets [abstract]
Provisions, commitments, contingent liabilities and contingent assets	6 Provisions, commitments, contingent items and related parties Asset retirement obligation Equinor's estimated asset retirement obligations (ARO) have decreased by USD 4.432 12.985 compared to year-end 2021, mainly due to increased discount rates and strengthening of USD versus on currency is in NOK within E&P Norway. Changes in ARO are reflected within Property, plant and equipment and Provisions and other liabilities in the Consolidated balance sheet. Deviation notices and disputes with Norwegian tax authorities In the fourth quarter of 2020, Equinor received a decision from the Norwegian tax authorities subsidiary Equinor Service Center Belgium N.V., concluding that the capital structure had to be based on the arm length’s principle, affecting the fiscal years 2012 to 2016. Equinor received a claim of USD 182 of 2022, the tax authorities reversed its position and accepted Equinor’s initial position. As Equinor. As no amounts were previously expensed in the financial statements, the decision does not affect the Consolidated statement of income. Equinor has an ongoing dispute regarding the level of Research & Development cost to be allocated During the second quarter of 2022, the Oil Taxation Office informed certain disputed items, resulting in a reduction in Equinor’s maximum exposure to 149 provided for its best estimate in the matter. During the normal course of its business, Equinor is involved in legal and other proceedings, currently outstanding. The ultimate liability or asset in respect of such litigation and claims has provided in its Condensed interim financial statements for probable liabilities related to company’s best judgement. Equinor does not expect that its financial position, results of operations or cash affected by the resolution of these legal proceedings. Related parties The line item Prepayments and Financial Receivables includes USD 1.206 Norwegian state under the Marketing Instruction in relation to the state’s (SDFI) expected participation in the gas foreign subsidiary of Equinor. At year-end 2021, the corresponding amount was USD 435 increased volumes as well as higher cost price on the gas storage.

Capital Distribution

Capital Distribution	6 Months Ended
	Jun. 30, 2022
Capital Distribution [Abstract]
Capital Disbribution	7 Capital distribution In February 2022 Equinor launched a share buy-back programme for 2022 of up to USD 5,000 around USD 1,000 330 recognised as a reduction in equity as treasury shares in the first quarter 2022. The treatment of 67 % from the Norwegian State is described below. In May 2022, Equinor launched the second tranche of the 2022 share buy-back programme of 1,333 tranche Equinor entered into an irrevocable agreement with a third party for up to USD 440 open market, while up to USD 893 of Trade, Industry and Fisheries, maintain its ownership percentage in Equinor. As of 30 June 2022, USD 338 million has been acquired in the open market, of which USD 304 The second tranche of USD 440 shares due to the irrevocable agreement with the third party. The remaining order of the second tranche is accrued for and classified as Trade, other payables and provisions, and this tranche was completed 13 July 2022. In line with the objective for the share buy-back programme which was executed by Equinor ASA March 2022, a proportionate share of 67 % from the Norwegian State was redeemed in accordance with an agreement with the Ministry of Petroleum and Energy for the Norwegian State to maintain their ownership percentage approved by the annual general meeting held on 11 May 2022. The State’s share including interest and dividends was recognised as a short-term liability and as a reduction in equity as treasury shares in the second quarter 2022, subsequent annual general meeting held on 11 May 2022. The shares were cancelled 29 June 2022 and the liability of USD 1,399 13,496 On 26 July 2022, the board of directors decided a cash dividend for the second quarter of 2022 0.20 increase in the extraordinary cash dividend from USD 0.20 0.50 The Equinor shares will be traded ex-dividend 11 November 2022 on the Oslo Børs and for ADR holders on the New York Stock Exchange. Record date will be 14 November 2022 and payment date will be 29 November 2022. On 26 July 2022, the board of directors decided to initiate the third tranche of the share 1,833 and increase the share buy-back programme for 2022 from previously communicated up to USD 5,000 6,000 million. The third tranche will commence on 28 July and will end no later than 26 October

Organisation and basis of pre_2

Organisation and basis of preparation (Policies)	6 Months Ended
	Jun. 30, 2022
Organisation and basis of preparation
Basis of preparation	Basis of preparation These condensed interim financial statements are prepared in accordance with International Accounting Reporting as issued by the International Accounting Standards Board (IASB) and as adopted by the European condensed interim financial statements do not include all the information and disclosures required Standards (IFRS) for a complete set of financial statements, and these condensed interim financial statements conjunction with the Consolidated annual financial statements for 2021. IFRS as adopted by the EU IFRS as issued by the IASB, but the differences do not impact Equinor's financial statements for the periods presented. A of the significant accounting policies applied in preparing these condensed interim financial statements is included in Consolidated annual financial statements for 2021. There have been no changes to the significant accounting policies during 2022 compared to the Consolidated annual statements for 2021. With effect from the second quarter 2022, due to the evolving trading business in the determined that fair value less cost to sell (FV) is an appropriate measurement basis for purposes with subsequent changes in FV recognised in the Consolidated statement restated due to materiality. Certain amounts in the comparable periods in the note disclosures have been reclassified to The subtotals and totals in some of the tables may not equal the sum of the amounts shown due value, there have been no changes to the valuation techniques or models and Equinor applies the same criteria for categorisation in the fair value hierarchy as disclosed in the Consolidated The Condensed interim financial statements are unaudited.
Use of estimates	Use of estimates The preparation of financial statements in conformity with IFRS requires management to make that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and various other be reasonable under the circumstances, the results of which form the basis for making the judgments and liabilities that are not readily apparent from other sources. Actual results may

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2022
Segments [abstract]
Operating segments data [text block]	Second quarter 2022 E&P Norway E&P International E&P USA MMP REN Other Eliminations Total (in USD million) Revenues third party, other revenue and other income 132 237 82 35,921 3 33 0 36,408 Revenues inter-segment 16,580 1,559 1,548 93 0 9 (19,789) 0 Net income/(loss) from equity accounted investments 0 42 0 (2) 12 0 0 51 Total revenues and other income 16,712 1,838 1,629 36,012 15 42 (19,789) 36,459 Purchases [net of inventory variation] 0 (36) (0) (33,379) 0 (1) 19,564 (13,851) Operating, selling, general and administrative expenses (984) (370) (244) (956) (56) (3) 209 (2,404) Depreciation, amortisation and net impairment losses (1,202) (315) (362) (221) (1) (39) 0 (2,140) Exploration expenses (45) (135) (151) 0 0 0 0 (331) Total operating expenses (2,231) (856) (757) (34,556) (57) (43) 19,774 (18,727) Net operating income/(loss) 14,482 982 872 1,456 (42) (1) (16) 17,733 Additions to PP&E, intangibles and equity accounted investments 1,339 573 170 253 57 14 (0) 2,405 First quarter 2022 E&P Norway 1) E&P International 1) E&P USA MMP 1) REN Other 1) Eliminations 1) Total (in USD million) Revenues third party, other revenue and other income 1) 209 62 78 35,825 90 31 0 36,294 Revenues inter-segment 1) 18,245 1,324 1,191 89 0 10 (20,859) 0 Net income/(loss) from equity accounted investments 0 67 0 3 29 0 0 99 Total revenues and other income 1) 18,454 1,453 1,269 35,917 119 41 (20,859) 36,393 Purchases [net of inventory variation] 0 27 0 (34,289) 0 0 20,752 (13,510) Operating, selling, general and administrative expenses 1) (816) (390) (220) (923) (41) (78) 197 (2,271) Depreciation, amortisation and net impairment losses 1) (600) (1,378) 212 (212) (1) (39) 0 (2,017) Exploration expenses (106) (81) (16) 0 0 0 0 (203) Total operating expenses 1) (1,521) (1,822) (24) (35,425) (41) (116) 20,949 (18,001) Net operating income/(loss) 1) 16,933 (369) 1,245 492 77 (76) 90 18,392 Additions to PP&E, intangibles and equity accounted investments 1) 1,072 626 126 265 43 56 (0) 2,188 1) Restated due to implementation of IFRS 16 in expenses in MMP (reduction of USD 136 177 impairments in MMP (increase of USD 134 201 Second quarter 2021 E&P Norway 1) E&P International 1) E&P USA MMP 1) REN Other 1) Eliminations 1) Total (in USD million) Revenues third party, other revenue and other income 1) 78 291 101 16,897 7 72 0 17,446 Revenues inter-segment 1) 6,167 1,170 867 82 0 10 (8,296) 0 Net income/(loss) from equity accounted investments 0 19 0 7 (6) (4) 0 16 Total revenues and other income 1) 6,245 1,479 968 16,986 2 78 (8,296) 17,462 Purchases [net of inventory variation] 0 14 (0) (15,448) 0 (0) 8,035 (7,399) Operating, selling, general and administrative expenses 1) (811) (425) (286) (969) (32) (112) 307 (2,329) Depreciation, amortisation and net impairment losses 1) (959) (244) (438) (424) (1) (44) 0 (2,111) Exploration expenses (55) (231) (39) 0 0 0 0 (326) Total operating expenses 1) (1,825) (886) (764) (16,842) (33) (156) 8,342 (12,164) Net operating income/(loss) 1) 4,420 593 204 144 (31) (78) 46 5,298 Additions to PP&E, intangibles and equity accounted investments 1) 1,322 430 180 138 159 14 0 2,243 1) Restated due to implementation of IFRS 16 in expenses in MMP (reduction of USD 128 169 impairments in MMP (increase of USD 140 208 First half 2022 E&P Norway E&P Internationa l E&P USA MMP REN Other Eliminations Total (in USD million) Revenues third party, other revenue and other income 341 298 160 71,746 93 64 0 72,702 Revenues inter-segment 34,825 2,883 2,739 182 0 19 (40,648) 0 Net income/(loss) from equity accounted investments 0 109 0 1 41 0 0 151 Total revenues and other income 35,166 3,290 2,898 71,929 134 83 (40,648) 72,852 Purchases [net of inventory variation] 0 (9) (0) (67,668) 0 (0) 40,316 (27,361) Operating, selling, general and administrative expenses (1,799) (760) (465) (1,880) (97) (81) 406 (4,675) Depreciation, amortisation and net impairment losses (1,802) (1,693) (150) (433) (2) (78) 0 (4,158) Exploration expenses (150) (216) (168) 0 0 0 0 (534) Total operating expenses (3,752) (2,678) (782) (69,981) (99) (159) 40,723 (36,727) Net operating income/(loss) 31,414 613 2,117 1,948 35 (77) 75 36,125 Additions to PP&E, intangibles and equity accounted investments 2,410 1,199 296 518 100 70 (0) 4,593 Balance sheet information Equity accounted investments 3 490 0 113 1,001 52 (0) 1,659 Non-current segment assets 29,176 14,975 11,121 3,631 183 1,009 0 60,094 Non-current assets not allocated to segments 12,319 Total non-current assets 74,073 First half 2021 E&P Norway 1) E&P International 1) E&P USA 1) MMP 1) REN 1) Other 1) Eliminations 1) Total (in USD million) Revenues third party, other revenue and other income 1) 138 514 222 32,599 1,389 143 0 35,005 Revenues inter-segment 1) 11,923 1,975 1,739 166 0 20 (15,823) 0 Net income/(loss) from equity accounted investments 0 42 0 15 (6) (4) 0 47 Total revenues and other income 1) 12,060 2,531 1,961 32,780 1,383 160 (15,823) 35,052 Purchases [net of inventory variation] 0 (15) (0) (29,625) 0 (1) 15,076 (14,565) Operating, selling, general and administrative expenses 1) (1,589) (662) (621) (1,908) (72) (231) 593 (4,489) Depreciation, amortisation and net impairment losses 1) (2,579) (661) (874) (704) (1) (88) 0 (4,908) Exploration expenses (125) (338) (109) 0 0 0 0 (572) Total operating expenses 1) (4,293) (1,676) (1,605) (32,236) (73) (320) 15,669 (24,534) Net operating income/(loss) 1) 7,767 855 356 544 1,310 (160) (154) 10,518 Additions to PP&E, intangibles and equity accounted investments 1) 2,587 819 337 190 286 38 0 4,258 Balance sheet information Equity accounted investments 3 1,181 0 96 1,067 32 0 2,377 Non-current segment assets 1) 38,337 17,839 11,967 4,786 145 1,086 0 74,160 Non-current assets not allocated to segments 13,303 Total non-current assets 89,841 1) Restated due to implementation of IFRS 16 in expenses in MMP (reduction of USD 258 341 impairments in MMP (increase of USD 268 404
Non-current assets by country [text block]	Non-current assets by country At 30 June At 31 December (in USD million) 2022 2021 Norway 32,886 40,564 USA 12,077 12,323 Brazil 8,929 8,751 UK 1,868 2,096 Azerbaijan 1,609 1,654 Canada 1,294 1,403 Angola 932 948 Algeria 656 708 Argentina 550 474 Denmark 486 536 Other 467 1,757 Total non-current assets 1) 61,754 71,213 1) Excluding deferred tax assets, pension assets and non-current financial assets.
Revenues from contracts with customers [text block]	Revenues from contracts with customers and other revenues Quarters First half Q2 2022 Q1 2022 Q2 2021 (in USD million) 2022 2021 16,397 15,034 9,060 Crude oil 31,431 17,774 12,923 15,538 3,443 Natural gas 28,461 6,741 11,457 14,350 2,908 25,808 5,569 766 621 319 1,387 741 699 567 215 1,266 431 2,531 2,904 2,682 Refined products 5,435 5,055 2,529 2,576 1,672 Natural gas liquids 5,106 3,582 310 282 205 Transportation 592 461 651 1,117 341 Other sales 1,768 454 35,342 37,451 17,402 Revenues from contracts with customers 72,793 34,067 1,045 (1,401) (23) Total other revenues 1) (356) (558) 36,387 36,050 17,380 Revenues 72,437 33,508 1) Principally relates to commodity derivatives.

Financial items (Table)

Financial items (Table)	6 Months Ended
	Jun. 30, 2022
Financial items [Abstract]
Schedule of Finance items [text block]	Quarters First half Q2 2022 Q1 2022 Q2 2021 (in USD million) 2022 2021 2,821 (284) (43) Net foreign currency exchange gains/(losses) 2,537 27 280 114 28 Interest income and other financial items 394 72 (224) (134) 27 Gains/(losses) on financial investments (357) (123) (526) (599) (101) Gains/(losses) other derivative financial instruments (1,126) (462) (327) (266) (304) Interest and other finance expenses (593) (616) 2,023 (1,169) (393) Net financial items 854 (1,101)

Income taxes (Table)

Income taxes (Table)	6 Months Ended
	Jun. 30, 2022
Income taxes [abstract]
Significant components of income tax expense [Table Text Block]	Quarters First half Q2 2022 Q1 2022 Q2 2021 (in USD million) 2022 2021 19,756 17,223 4,905 Income/(loss) before tax 36,979 9,417 (12,995) (12,509) (2,962) Income tax (25,503) (5,620) 65.8 % 72.6 % 60.4 % Effective tax rate 69 % 59.7 %

Organisation and basis of pre_3

Organisation and basis of preparation (Details)	6 Months Ended
	Jun. 30, 2022
Organisation and basis of preparation [Abstract]
Name of reporting entity or other means of identification	Equinor ASA
Domicile of entity	Norway
Country of incorporation	Norway
Address of entity's registered office	Forusbeen 50, N-4035 Stavanger, Norway
Description of nature of entity's operations and principal activities	Equinor’s business consists principally of the exploration, production, transportation, refining and marketing of petroleum and petroleum-derived products, and other forms of energy.
Equinor Energy AS [member]
Disclosure of subsidiaries [table]
Proportion of ownership interest in subsidiary	100%

Segments - Segment Data (Detail

Segments - Segment Data (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disclosure of operating segments [table]
Revenues third party, other revenue and other income	$ 36,408	$ 36,294	$ 17,446	$ 72,702	$ 35,005
Revenues inter-segment	0	0	0	0	0
Net income/(loss) from equity accounted investments	51	99	16	151	47
Total revenues and other income	36,459	36,393	17,462	72,852	35,052
Purchases (net of inventory variation)	(13,851)	(13,510)	(7,399)	(27,361)	(14,565)
Operating, selling, general and administrative expenses	(2,404)	(2,271)	(2,329)	(4,675)	(4,489)
Depreciation, amortisation and net impairments	(2,140)	(2,017)	(2,111)	(4,158)	(4,908)
Exploration expenses	(331)	(203)	(326)	(534)	(572)
Total operating expenses	(18,727)	(18,001)	(12,164)	(36,727)	(24,534)
Net operating income/(loss)	17,733	18,392	5,298	36,125	10,518
Additions to PP&E, intangibles and equity accounted investments	2,405	2,188	2,243	4,593	4,258
Balance sheet information [abstract]
Equity accounted investments	1,659		2,377	1,659	2,377	$ 2,686
Noncurrent Assets	74,073		89,841	74,073	89,841	$ 84,618
MMP [member] | Restated due to implementation of IFRS 16
Disclosure of operating segments [table]
Operating, selling, general and administrative expenses		136	128		258
Depreciation, amortisation and net impairments		(134)	(140)		(268)
Other [member] | Restated due to implementation of IFRS 16
Disclosure of operating segments [table]
Operating, selling, general and administrative expenses		(177)	(169)		(341)
Depreciation, amortisation and net impairments		201	208		404
Segments [member]
Balance sheet information [abstract]
Noncurrent Assets	60,094		74,160	60,094	74,160
Segments [member] | E&P Norway [member]
Disclosure of operating segments [table]
Revenues third party, other revenue and other income	132	209	78	341	138
Revenues inter-segment	16,580	18,245	6,167	34,825	11,923
Net income/(loss) from equity accounted investments	0	0	0	0	0
Total revenues and other income	16,712	18,454	6,245	35,166	12,060
Purchases (net of inventory variation)	0	0	0	0	0
Operating, selling, general and administrative expenses	(984)	(816)	(811)	(1,799)	(1,589)
Depreciation, amortisation and net impairments	(1,202)	(600)	(959)	(1,802)	(2,579)
Exploration expenses	(45)	(106)	(55)	(150)	(125)
Total operating expenses	(2,231)	(1,521)	(1,825)	(3,752)	(4,293)
Net operating income/(loss)	14,482	16,933	4,420	31,414	7,767
Additions to PP&E, intangibles and equity accounted investments	1,339	1,072	1,322	2,410	2,587
Balance sheet information [abstract]
Equity accounted investments	3		3	3	3
Noncurrent Assets	29,176		38,337	29,176	38,337
Segments [member] | E&P International [member]
Disclosure of operating segments [table]
Revenues third party, other revenue and other income	237	62	291	298	514
Revenues inter-segment	1,559	1,324	1,170	2,883	1,975
Net income/(loss) from equity accounted investments	42	67	19	109	42
Total revenues and other income	1,838	1,453	1,479	3,290	2,531
Purchases (net of inventory variation)	(36)	27	14	(9)	(15)
Operating, selling, general and administrative expenses	(370)	(390)	(425)	(760)	(662)
Depreciation, amortisation and net impairments	(315)	(1,378)	(244)	(1,693)	(661)
Exploration expenses	(135)	(81)	(231)	(216)	(338)
Total operating expenses	(856)	(1,822)	(886)	(2,678)	(1,676)
Net operating income/(loss)	982	(369)	593	613	855
Additions to PP&E, intangibles and equity accounted investments	573	626	430	1,199	819
Balance sheet information [abstract]
Equity accounted investments	490		1,181	490	1,181
Noncurrent Assets	14,975		17,839	14,975	17,839
Segments [member] | E&P USA [member]
Disclosure of operating segments [table]
Revenues third party, other revenue and other income	82	78	101	160	222
Revenues inter-segment	1,548	1,191	867	2,739	1,739
Net income/(loss) from equity accounted investments	0	0	0	0	0
Total revenues and other income	1,629	1,269	968	2,898	1,961
Purchases (net of inventory variation)	0	0	0	0	0
Operating, selling, general and administrative expenses	(244)	(220)	(286)	(465)	(621)
Depreciation, amortisation and net impairments	(362)	212	(438)	(150)	(874)
Exploration expenses	(151)	(16)	(39)	(168)	(109)
Total operating expenses	(757)	(24)	(764)	(782)	(1,605)
Net operating income/(loss)	872	1,245	204	2,117	356
Additions to PP&E, intangibles and equity accounted investments	170	126	180	296	337
Balance sheet information [abstract]
Equity accounted investments	0		0	0	0
Noncurrent Assets	11,121		11,967	11,121	11,967
Segments [member] | MMP [member]
Disclosure of operating segments [table]
Revenues third party, other revenue and other income	35,921	35,825	16,897	71,746	32,599
Revenues inter-segment	93	89	82	182	166
Net income/(loss) from equity accounted investments	(2)	3	7	1	15
Total revenues and other income	36,012	35,917	16,986	71,929	32,780
Purchases (net of inventory variation)	(33,379)	(34,289)	(15,448)	(67,668)	(29,625)
Operating, selling, general and administrative expenses	(956)	(923)	(969)	(1,880)	(1,908)
Depreciation, amortisation and net impairments	(221)	(212)	(424)	(433)	(704)
Exploration expenses	0	0	0	0	0
Total operating expenses	(34,556)	(35,425)	(16,842)	(69,981)	(32,236)
Net operating income/(loss)	1,456	492	144	1,948	544
Additions to PP&E, intangibles and equity accounted investments	253	265	138	518	190
Balance sheet information [abstract]
Equity accounted investments	113		96	113	96
Noncurrent Assets	3,631		4,786	3,631	4,786
Segments [member] | REN (member)
Disclosure of operating segments [table]
Revenues third party, other revenue and other income	3	90	7	93	1,389
Revenues inter-segment	0	0	0	0	0
Net income/(loss) from equity accounted investments	12	29	(6)	41	(6)
Total revenues and other income	15	119	2	134	1,383
Purchases (net of inventory variation)	0	0	0	0	0
Operating, selling, general and administrative expenses	(56)	(41)	(32)	(97)	(72)
Depreciation, amortisation and net impairments	(1)	(1)	(1)	(2)	(1)
Exploration expenses	0	0	0	0	0
Total operating expenses	(57)	(41)	(33)	(99)	73
Net operating income/(loss)	(42)	77	(31)	35	1,310
Additions to PP&E, intangibles and equity accounted investments	57	43	159	100	286
Balance sheet information [abstract]
Equity accounted investments	1,001		1,067	1,001	1,067
Noncurrent Assets	183		145	183	145
Segments [member] | Other [member]
Disclosure of operating segments [table]
Revenues third party, other revenue and other income	33	31	72	64	143
Revenues inter-segment	9	10	10	19	20
Net income/(loss) from equity accounted investments	0	0	(4)	0	(4)
Total revenues and other income	42	41	78	83	160
Purchases (net of inventory variation)	(1)	0	0	0	(1)
Operating, selling, general and administrative expenses	(3)	(78)	(112)	(81)	(231)
Depreciation, amortisation and net impairments	(39)	(39)	(44)	(78)	(88)
Exploration expenses	0	0	0	0	0
Total operating expenses	(43)	(116)	(156)	(159)	(320)
Net operating income/(loss)	(1)	(76)	(78)	(77)	(160)
Additions to PP&E, intangibles and equity accounted investments	14	56	14	70	38
Balance sheet information [abstract]
Equity accounted investments	52		32	52	32
Noncurrent Assets	1,009		1,086	1,009	1,086
Unallocated amounts [member]
Balance sheet information [abstract]
Noncurrent Assets	12,319		13,303	12,319	13,303
Eliminations [member]
Disclosure of operating segments [table]
Revenues third party, other revenue and other income	0	0	0	0	0
Revenues inter-segment	(19,789)	(20,859)	(8,296)	(40,648)	(15,823)
Net income/(loss) from equity accounted investments	0	0	0	0	0
Total revenues and other income	(19,789)	(20,859)	(8,296)	(40,648)	(15,823)
Purchases (net of inventory variation)	19,564	20,752	8,035	40,316	15,076
Operating, selling, general and administrative expenses	209	197	307	406	593
Depreciation, amortisation and net impairments	0	0	0	0	0
Exploration expenses	0	0	0	0	0
Total operating expenses	19,774	20,949	8,342	40,723	15,669
Net operating income/(loss)	(16)	90	46	75	(154)
Additions to PP&E, intangibles and equity accounted investments	0	$ 0	0	0	0
Balance sheet information [abstract]
Equity accounted investments	0		0	0	0
Noncurrent Assets	$ 0		$ 0	$ 0	0
Eliminations [member] | E&P Norway [member]
Disclosure of operating segments [table]
Additions to PP&E, intangibles and equity accounted investments					2,587
Eliminations [member] | E&P International [member]
Disclosure of operating segments [table]
Additions to PP&E, intangibles and equity accounted investments					819
Eliminations [member] | E&P USA [member]
Disclosure of operating segments [table]
Additions to PP&E, intangibles and equity accounted investments					337
Eliminations [member] | MMP [member]
Disclosure of operating segments [table]
Additions to PP&E, intangibles and equity accounted investments					190
Eliminations [member] | REN (member)
Disclosure of operating segments [table]
Additions to PP&E, intangibles and equity accounted investments					286
Eliminations [member] | Other [member]
Disclosure of operating segments [table]
Additions to PP&E, intangibles and equity accounted investments					$ 38

Segments - Non current assets b

Segments - Non current assets by country (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Disclosure of geographical areas [table]
Non-current assets	$ 61,754	$ 71,213
Norway [member]
Disclosure of geographical areas [table]
Non-current assets	32,886	40,564
USA [member}
Disclosure of geographical areas [table]
Non-current assets	12,077	12,323
Brazil [member]
Disclosure of geographical areas [table]
Non-current assets	8,929	8,751
UK [member]
Disclosure of geographical areas [table]
Non-current assets	1,868	2,096
Azerbaijan [member]
Disclosure of geographical areas [table]
Non-current assets	1,609	1,654
Canada [member]
Disclosure of geographical areas [table]
Non-current assets	1,294	1,403
Angola [member]
Disclosure of geographical areas [table]
Non-current assets	932	948
Algeria [member]
Disclosure of geographical areas [table]
Non-current assets	656	708
Argentina [member]
Disclosure of geographical areas [table]
Non-current assets	550	474
Denmark [member]
Disclosure of geographical areas [table]
Non-current assets	486	536
Other [member]
Disclosure of geographical areas [table]
Non-current assets	$ 467	$ 1,757

Segments - Revenues from contra

Segments - Revenues from contracts with customers (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure of products and services [table]
Revenue from contracts with customers	$ 35,342	$ 37,451	$ 17,402	$ 72,793	$ 34,067
Total other revenues	1,045	(1,401)	(23)	(356)	(558)
Revenues	36,387	36,050	17,380	72,437	33,508
Crude oil [member]
Disclosure of products and services [table]
Revenue from contracts with customers	16,397	15,034	9,060	31,431	17,774
Natural gas [Member]
Disclosure of products and services [table]
Revenue from contracts with customers	12,923	15,538	3,443	28,461	6,741
Natural gas [Member] | European [member]
Disclosure of products and services [table]
Revenue from contracts with customers	11,457	14,350	2,908	25,808	5,569
Natural gas [Member] | North America [member]
Disclosure of products and services [table]
Revenue from contracts with customers	766	621	319	1,387	741
Natural gas [Member] | Other including LNG [member]
Disclosure of products and services [table]
Revenue from contracts with customers	699	567	215	1,266	431
Refined products [Member]
Disclosure of products and services [table]
Revenue from contracts with customers	2,531	2,904	2,682	5,435	5,055
Natural gas liquids [Member]
Disclosure of products and services [table]
Revenue from contracts with customers	2,529	2,576	1,672	5,106	3,582
Transportation [Member]
Disclosure of products and services [table]
Revenue from contracts with customers	310	282	205	592	461
Other sales [member]
Disclosure of products and services [table]
Revenue from contracts with customers	$ 651	$ 1,117	$ 341	$ 1,768	$ 454

Segments - Narrative (Details)

Segments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure of operating segments [table]
Net impairment		$ (276)	$ 245	$ 152
(Decrease) in non-current assets due to currency effect			(4,200)
Interest rate effect on asset retirement obligation			$ 2,700
Investments accounted for using equity method [member]
Disclosure of operating segments [table]
Net impairment	$ 832
Signature Bonuses And Acquisition Costs [member]
Disclosure of operating segments [table]
Net impairment		$ (113)
Norway [member]
Disclosure of operating segments [table]
Percentage of entity's revenue	84%	76%	85%	78%
US [member}
Disclosure of operating segments [table]
Percentage of entity's revenue	14%	16%	12%	16%
E&P Norway [member]
Disclosure of operating segments [table]
Net impairment		$ (396)
E&P International [member]
Disclosure of operating segments [table]
Net impairment		(93)
MMP [member]
Disclosure of operating segments [table]
Net impairment		$ (185)

Acquisitions and disposals - Ac

Acquisitions and disposals - Acquisitions (Details) £ in Millions, GW in Millions, $ in Millions	Jun. 28, 2022 GBP (£) GW	Jun. 28, 2022 USD ($)	May 31, 2022 USD ($)
Spirit Energy's [member]
Schedule of Business Acquisitions, by Acquisition [Table]
Cash consideration			$ 193
Cash consideration lifting of volumes			$ 25
Spirit Energy's [member] | Minimum (%) [member]
Schedule of Business Acquisitions, by Acquisition [Table]
Percentage of share acquired			11.56%
Spirit Energy's [member] | Maximum (%) [member]
Schedule of Business Acquisitions, by Acquisition [Table]
Percentage of share acquired			48.78%
Spirit Energy's [member] | E&P Norway [member]
Schedule of Business Acquisitions, by Acquisition [Table]
Cash consideration			$ 96
Property, plant and equipment recognised as of acquisition date			98
Asset Retirement Obligation			390
Deferred tax liabilities			(298)
Increase in taxes payable			98
Spirit Energy's [member] | E&P International [member]
Schedule of Business Acquisitions, by Acquisition [Table]
Cash consideration			72
Property, plant and equipment recognised as of acquisition date			98
Asset Retirement Obligation			$ 241
Triton Power [member]
Schedule of Business Acquisitions, by Acquisition [Table]
Ownership interest in joint venture	50%
Total purchase price	£ 341	$ 413
Power generation capacity | GW	1.2
Triton Power [member] | SSE Renewables [member]
Schedule of Business Acquisitions, by Acquisition [Table]
Ownership interest in joint venture	50%

Acquisitions and disposals- Div

Acquisitions and disposals- Divestures (Details) £ in Millions, $ in Millions				3 Months Ended		6 Months Ended
	May 10, 2022 USD ($)	Feb. 10, 2022 GBP (£)	Feb. 10, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021	Jun. 30, 2022 USD ($)
Equinor Energy Ireland Limited [Member] | Joint Operations [member]
Divestments [table]
Proportion of voting rights held in joint operation					36.50%
Vermilion [Member] | Joint Operations [member]
Divestments [table]
Proportion of voting rights held in joint operation					20%
Nephin Energy [Member] | Joint Operations [member]
Divestments [table]
Proportion of voting rights held in joint operation					43.50%
Martin Linge [Member]
Divestments [table]
Proportion of voting rights held in joint operation	51%
Dogger Bank C Project [member]
Divestments [table]
Ownership interest in joint venture		40%	40%
Dogger Bank C Project [member] | REN (member)
Divestments [table]
Proportion of ownership interest divested		10%	10%
Proceeds from divesture/sale		£ 68	$ 91
Gain (loss ) on disposal of assets or discontinued operations		£ 65	$ 87
Investments in Russia [member] | E&P International [member]
Divestments [table]
Impairment loss recognised in profit or loss				$ 1,083
Investments in Russia [member] | E&P International [member] | Property, plant and equipment [member]
Divestments [table]
Impairment loss recognised in profit or loss				251
Investments in Russia [member] | E&P International [member] | Investments accounted for using equity method [member]
Divestments [table]
Impairment loss recognised in profit or loss				$ 832
Greater Ekofisk Area [member]
Divestments [table]
Proceeds from divesture/sale	$ 1,000
Greater Ekofisk Area [member] | Martin Linge [Member]
Divestments [table]
Proportion of ownership interest divested	19%
Greater Ekofisk Area [member] | Norpipe Oil AS [Member]
Divestments [table]
Proportion of ownership interest divested	18.50%
Corrib Gas Project In Ireland [member]
Divestments [table]
Proportion of ownership interest divested					100%
Proceeds from divesture/sale						$ 434

Financial items (Details)

Financial items (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Financial items [Abstract]
Net foreign currency exchange gains/(losses)	$ 2,821	$ (284)	$ (43)	$ 2,537	$ 27
Interest income and other financial items	280	114	28	394	72
Gains/(losses) on financial investments	(224)	(134)	27	(357)	(123)
Gains/(losses) other derivative financial instruments	(526)	(599)	(101)	(1,126)	(462)
Interest and other financial expenses	(327)	(266)	(304)	(593)	(616)
Net financial items	2,023	(1,169)	(393)	854	(1,101)
Payments of lease liabilities, classified as financing activities	344	$ 317	$ 308	661	$ 610
Commercial Papers Programme	799			799		$ 2,600
Commercial Paper Program Limit	$ 5,000			$ 5,000

Income taxes (Details)

Income taxes (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]
Income/(loss) before tax	$ 19,756	$ 17,223	$ 4,905	$ 36,979	$ 9,417
Income tax	$ (12,995)	$ (12,509)	$ (2,962)	$ (25,503)	$ (5,620)
Effective tax rate	65.80%	72.60%	60.40%	69%	59.70%

Provisions, commitments, cont_2

Provisions, commitments, contingent items and related parties - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Norwegian state [member]
Disclosure of other provisions [table]
Amounts receivable, related party transactions	$ 1,206	$ 435
Asset retirement obligations [member]
Disclosure of other provisions [table]
Reduction in exposure due to settlement	4,432
Other provisions	12,985
Deviation notices and disputes with Norwegian tax authorities [member]
Disclosure of other provisions [table]
Estimated financial effect of contingent assets	182
Dispute regarding the level of Research & Development cost [member]
Disclosure of other provisions [table]
Estimated exposure	$ 149

Capital Distribution - Narrativ

Capital Distribution - Narrative (Details) $ / shares in Units, kr in Millions, $ in Millions

3 Months Ended

6 Months Ended

8 Months Ended

Jul. 26, 2022 $ / shares

Jul. 20, 2022 NOK (kr)

Jul. 20, 2022 USD ($)

Jun. 30, 2022 USD ($) $ / shares

Mar. 31, 2022 USD ($)

Jun. 30, 2021 USD ($)

Jun. 30, 2022 USD ($)

Jun. 30, 2021 USD ($)

Mar. 25, 2022

Jul. 28, 2022 USD ($)

May 31, 2022 USD ($)

Feb. 28, 2022 USD ($)

Statement Of Changes In Equity [table]

Increase (decrease) through treasury share transactions, equity

$ (2,170)

[1]

$ 0

Amount of shares settled

$ 304

$ 439

$ 0

$ 742

$ 0

Extraordinary cash dividend per share | $ / shares

$ 0.20

Cash dividends per share authorized [member]

Statement Of Changes In Equity [table]

Cash dividend | $ / shares

$ 0.20

Extraordinary cash dividend per share | $ / shares

$ 0.50

Norwegian State [member]

Statement Of Changes In Equity [table]

Proportion of ownership interest in associate

67%

Share buyback programme [member] | Maximum (%) [member]

Statement Of Changes In Equity [table]

Agreement to buy treasury shares

$ 5,000

Share buyback programme [member] | Norwegian State [member]

Statement Of Changes In Equity [table]

Percentage of shares repurchased

67%

Share buyback programme [member] | Norwegian State [member] | Forecast [member]

Statement Of Changes In Equity [table]

Amount of shares settled

kr 13,496

$ 1,399

Share buyback programme [member] | First Tranche [member]

Statement Of Changes In Equity [table]

Agreement to buy treasury shares

1,000

Share buyback programme [member] | First Tranche [member] | Third Party [member]

Statement Of Changes In Equity [table]

Agreement to buy treasury shares

$ 330

Share buyback programme [member] | Second Tranche [member]

Statement Of Changes In Equity [table]

Agreement to buy treasury shares

$ 1,333

Treasury shares purchased

$ 338

Increase (decrease) through treasury share transactions, equity

(440)

Amount of shares settled

304

Share buyback programme [member] | Second Tranche [member] | Norwegian State [member]

Statement Of Changes In Equity [table]

Agreement to buy treasury shares

893

Share buyback programme [member] | Second Tranche [member] | Third Party [member]

Statement Of Changes In Equity [table]

Agreement to buy treasury shares

$ 440

Share buyback programme [member] | Third Tranche [Member] | Share transactions [member]

Statement Of Changes In Equity [table]

Agreement to buy treasury shares

$ 1,833

$ 1,833

Share buyback programme [member] | Third Tranche [Member] | Maximum (%) [member] | Share transactions [member]

Statement Of Changes In Equity [table]

Agreement to buy treasury shares

$ 6,000

[1] 2) For more information see note 7 Capital distribution.