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 36 is higher than 64% 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 90% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Equinor's reported carbon emissions
Equinor, a Norwegian company operating in the crude petroleum and related services industry, has set ambitious climate commitments. The company aims to become a net-zero entity by 2050. In terms of emissions, for the reporting year 2025, Equinor reported scope 1 and 2 emissions totalling approximately 10.1 billion kg CO2e (market-based emissions were around 14 billion kg CO2e). For 2024, market-based scope 1 and 2 emissions were approximately 17 billion kg CO2e. Looking at earlier data, in 2023, Equinor reported scope 1 emissions of about 11.5 billion kg CO2e, market-based scope 2 emissions of approximately 3.1 billion kg CO2e, and scope 3 emissions from the use of sold products totalling around 250 billion kg CO2e. Scope 1 and 2 emissions for 2023 were approximately 11.6 billion kg CO2e (location-based). In 2022, scope 1 emissions were around 11.4 billion kg CO2e, market-based scope 2 emissions approximately 2.5 billion kg CO2e, and scope 3 emissions from the use of sold products were about 243 billion kg CO2e. Scope 1 and 2 emissions for 2022 were approximately 11.4 billion kg CO2e (location-based). For 2021, scope 1 emissions were approximately 12 billion kg CO2e, market-based scope 2 emissions about 2.7 billion kg CO2e, and scope 3 emissions from the use of sold products were around 249 billion kg CO2e. Scope 1 and 2 emissions for 2021 were approximately 12.1 billion kg CO2e (location-based). Equinor's climate strategy includes near-term targets: a 50% reduction in scope 1 and 2 emissions from operated activities by 2030, compared to 2015 levels, aligning with 1.5°C science-based pathways. The company reported achieving a 34% reduction in these emissions by the end of 2024, relative to 2015. Furthermore, Equinor aims to reduce the net carbon intensity of the energy it provides by 15-20% by 2030 and by 30-40% by 2035, both compared to 2019 levels, as steps towards its net-zero ambition. The company also targets an intensity of 6 kg CO2 per barrel of oil equivalent for upstream activities (scope 1+2 operated emissions) by 2030.
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Equinor’s Climate Goals (2030 & 2050)
4 goals2030
50% reduction in all scopes
Vår ambisjon er å redusere utslipp fra egenoperert virksomhet (scope 1+2) med 50 % fra 2015 til 2030, i samsvar med vitenskapsbaserte utvikl…
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
2 of 15 categories disclosedSee all scope 3 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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