Equinor Historical Income Statement
| EQNR Stock | USD 24.18 0.19 0.78% |
Historical analysis of Equinor ASA income statement accounts such as Total Revenue of 76.5 B or Gross Profit of 32.1 B can show how well Equinor ASA ADR performed in making a profits. Evaluating Equinor ASA income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Equinor ASA's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Equinor ASA ADR latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Equinor ASA ADR is a good buy for the upcoming year.
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About Equinor Income Statement Analysis
Equinor ASA ADR Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Equinor ASA shareholders. The income statement also shows Equinor investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Equinor ASA Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts Equinor ASA ADR generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Equinor ASA ADR minus its cost of goods sold. It is profit before Equinor ASA operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Equinor ASA ADR. It is also known as Equinor ASA overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Equinor ASA's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Equinor ASA ADR current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinor ASA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Equinor ASA's Research Development is relatively stable compared to the past year. As of 11/30/2024, Total Other Income Expense Net is likely to grow to about 2.2 B, while Interest Expense is likely to drop slightly above 685.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 41.9B | 88.8B | 48.0B | 32.1B | Total Revenue | 88.7B | 149.0B | 106.8B | 76.5B |
Equinor ASA income statement Correlations
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Equinor ASA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equinor ASA income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 14.0B | 9.9B | 10.9B | 6.8B | 11.2B | 8.2B | |
| Interest Expense | 1.5B | 1.4B | 769M | 1.4B | 1.1B | 685.2M | |
| Total Revenue | 62.9B | 45.8B | 88.7B | 149.0B | 106.8B | 76.5B | |
| Gross Profit | 20.2B | 9.5B | 41.9B | 88.8B | 48.0B | 32.1B | |
| Other Operating Expenses | 53.8B | 49.2B | 55.8B | 70.8B | 71.1B | 56.4B | |
| Operating Income | 9.3B | (2.9B) | 33.7B | 78.8B | 35.8B | 20.2B | |
| Ebit | 9.3B | (3.3B) | 32.1B | 78.9B | 39.0B | 20.4B | |
| Research Development | 300M | 254M | 291M | 308M | 311M | 331.9M | |
| Ebitda | 23.2B | 6.6B | 43.0B | 85.8B | 50.2B | 28.6B | |
| Cost Of Revenue | 42.7B | 36.2B | 46.9B | 60.2B | 58.8B | 44.4B | |
| Total Operating Expenses | 11.0B | 13.0B | 8.9B | 10.6B | 12.3B | 12.0B | |
| Income Before Tax | 9.3B | (4.3B) | 31.6B | 78.6B | 37.9B | 19.7B | |
| Total Other Income Expense Net | (7M) | (836M) | (2.1B) | (207M) | 2.1B | 2.2B | |
| Net Income | 1.8B | (5.5B) | 8.6B | 28.7B | 11.9B | 12.5B | |
| Income Tax Expense | 7.4B | 1.2B | 23.0B | 49.9B | 26.0B | 14.0B | |
| Selling General Administrative | 809M | 706M | 780M | 986M | 1.1B | 885.3M | |
| Net Income Applicable To Common Shares | 1.8B | (5.5B) | 8.6B | 28.7B | 33.1B | 34.7B | |
| Net Income From Continuing Ops | 1.9B | (5.5B) | 8.6B | 28.7B | 17.2B | 18.1B | |
| Tax Provision | 7.4B | 1.2B | 23.0B | 49.9B | 25.8B | 16.6B | |
| Interest Income | 425M | 237M | 112M | 1.2B | 2.2B | 2.3B | |
| Net Interest Income | (568M) | (836M) | (657M) | (157M) | (182M) | (191.1M) | |
| Reconciled Depreciation | 13.2B | 15.2B | 11.7B | 6.4B | 9.0B | 8.4B |
Pair Trading with Equinor ASA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Equinor ASA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Equinor ASA will appreciate offsetting losses from the drop in the long position's value.Moving together with Equinor Stock
Moving against Equinor Stock
| 0.52 | LB | LandBridge Company | PairCorr |
| 0.4 | CGBS | Crown LNG Holdings | PairCorr |
| 0.39 | EP | Empire Petroleum Corp | PairCorr |
| 0.37 | TGS | Transportadora de Gas | PairCorr |
| 0.37 | EE | Excelerate Energy | PairCorr |
The ability to find closely correlated positions to Equinor ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equinor ASA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Equinor ASA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Equinor ASA ADR to buy it.
The correlation of Equinor ASA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Equinor ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equinor ASA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Equinor ASA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Equinor Stock Analysis
When running Equinor ASA's price analysis, check to measure Equinor ASA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Equinor ASA is operating at the current time. Most of Equinor ASA's value examination focuses on studying past and present price action to predict the probability of Equinor ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinor ASA's price. Additionally, you may evaluate how the addition of Equinor ASA to your portfolios can decrease your overall portfolio volatility.