Equinor ASA, formerly known as Statoil, is a leading energy company headquartered in Norway (NO), specialising in crude petroleum and services related to crude oil extraction, excluding surveying. Founded in 1972, Equinor has established a strong presence in key operational regions, including the North Sea, Brazil, and the United States.
The company focuses on the exploration, production, and development of oil and gas resources, with a commitment to sustainability and innovation. Equinor is recognised for its advanced technologies and efficient operations, positioning itself as a significant player in the global energy market. Notable achievements include its transition towards renewable energy sources, reflecting its dedication to a low-carbon future while maintaining a robust portfolio in traditional oil and gas sectors.
+21 vs industry average
Equinor’s score of 37 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Equinor's reported carbon emissions
Equinor, headquartered in NO and operating in the crude petroleum and services related to crude oil extraction industry, has outlined ambitious climate commitments. Their overarching goal is to become a net-zero company by 2050.
In terms of emissions, for 2025, Equinor reported approximately 10.1 billion kg CO2e for Scope 1 and 2 (market-based), and approximately 14 billion kg CO2e for Scope 1 and 2 (market-based). For 2024, Scope 1 and 2 emissions (market-based) were approximately 17 billion kg CO2e.
Looking at Scope 1, 2, and 3 emissions, in 2023, Equinor reported approximately 11.5 billion kg CO2e for Scope 1, approximately 3.1 billion kg CO2e for Scope 2 (market-based), and approximately 11.6 billion kg CO2e for Scope 1 and 2 combined. Scope 3 emissions for 2023 included approximately 90 million kg CO2e for business travel and a significant approximately 250 billion kg CO2e for the use of sold products.
In 2022, Scope 1 emissions were approximately 11.4 billion kg CO2e, with Scope 2 (market-based) at approximately 2.5 billion kg CO2e and Scope 1 and 2 combined at approximately 11.4 billion kg CO2e. Scope 3 emissions for 2022 included approximately 50 million kg CO2e for business travel and approximately 243 billion kg CO2e for the use of sold products.
For 2021, Scope 1 emissions were approximately 12 billion kg CO2e, Scope 2 (market-based) was around 2.7 billion kg CO2e, and Scope 1 and 2 combined were approximately 12.1 billion kg CO2e. Scope 3 emissions included approximately 10 million kg CO2e for business travel and approximately 249 billion kg CO2e for the use of sold products.
Earlier data shows Scope 1 and 2 (market-based) emissions of approximately 16 billion kg CO2e in 2020, and Scope 1 emissions of approximately 14.7 billion kg CO2e in 2019, with Scope 2 (market-based) at approximately 2.9 billion kg CO2e and Scope 1 and 2 combined at approximately 14.9 billion kg CO2e.
Equinor has set specific reduction targets. They aim for a net reduction in operated emissions (Scope 1+2) of 50% by 2030 compared to 2015 levels, in line with 1.5°C pathways. They have already reduced emissions by 34% by the end of 2024 relative to 2015. Furthermore, Equinor aims to reduce the net carbon intensity of the energy they provide by 15-20% by 2030 and by 30-40% by 2035, both compared to 2019 levels. They also have an intensity target for upstream activities of 6 kg CO2 per barrel of oil equivalent (foe) for operated Scope 1+2 emissions by 2030.
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Equinor’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Equinor
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