Operating Margin

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Price: 253.7 NOK 1.2% Market Closed

Market Cap: kr648.7B

2.9%

Declining

by 0.5%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

2.9%

Operating Income

$30B

Revenue

$107.1B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

2.9%

Operating Income

kr30B

Revenue

$107.1B

Peer Comparison

Country		Company	Market Cap	Operating Margin
NO		Equinor ASA OSE:EQNR	640.2B NOK	Loading...
US		Exxon Mobil Corp NYSE:XOM	580.6B USD	Loading...
US		Chevron Corp NYSE:CVX	341.3B USD	Loading...
UK		Shell PLC LSE:SHEL	159.2B GBP	Loading...
US		Conocophillips NYSE:COP	125.3B USD	Loading...
UK		BP PLC LSE:BP	71.6B GBP	Loading...
SA		Saudi Arabian Oil Co SAU:2222	6.7T SAR	Loading...
CN		PetroChina Co Ltd SSE:601857	2T CNY	Loading...
NL	R	Royal Dutch Shell PLC OTC:RYDAF	217.9B USD	Loading...
FR		TotalEnergies SE PAR:TTE	130B EUR	Loading...
CN		China Petroleum & Chemical Corp SSE:600028	780.4B CNY	Loading...

Market Distribution

Min	-3 055 100%
30th Percentile	-3.7%
Median	1.8%
70th Percentile	6.8%
Max	784.1%

Other Profitability Ratios

Equinor ASA
Glance View

Economic Moat

None

Market Cap

648.7B NOK

Industry

Energy

Equinor ASA, originally known as Statoil, is a global energy company rooted in Norway, with a legacy steeped in the exploration and production of oil and gas. Founded in 1972, Equinor has evolved significantly from its early days as a state-owned entity focused on tapping into the rich resources of the North Sea. Today, it stands as a publicly traded company that balances its core expertise in hydrocarbons with a growing emphasis on renewable energy sources. At the heart of Equinor’s operations is its ability to harness conventional and sophisticated technologies to efficiently extract and produce oil and natural gas, securing its status as a major player in the global energy market. Its strategic presence spans across 30 countries, ensuring a diversified portfolio that reduces reliance on any single market or resource. Modern Equinor is a testament to the energy sector’s transition towards sustainability while striving for profitability. The company is increasingly investing in renewable energy projects, such as offshore wind farms, positioning itself as a leader in the green transition. This duality in operations allows Equinor to tap into the oil revenue that still fuels much of the world’s energy needs while also preparing for an inevitable shift towards renewable resources. The blend of securing traditional energy assets with an eye on sustainable growth not only fortifies its revenue streams but also enhances its resilience against the volatility of oil prices. By capitalizing on its robust infrastructure and expertise, Equinor aims to sustain its core business model while actively contributing to a greener future, embodying a pragmatic approach to bridging energy past and future.

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Equinor ASA
OSE:EQNR

Peer Comparison

Market Distribution

Other Profitability Ratios

Equinor ASA
Glance View

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Equinor ASA OSE:EQNR