EQNR vs SU vs OXY Stock Comparison

Equinor Asa, Suncor Energy and Occidental Petroleum Prices as of Oct 27, 2026 Peers: Industry group
EQNR Equinor Asa
$47.06 +11.6% 1M +93.2% 1Y
Market cap
$117.66B
P/E
15.2x
Revenue (TTM)
$114.42B
Div. yield
3.23%
Integrated Oil and Gas Energy
6 wins
SU Suncor Energy Inc
$76.22 +11.7% 1M +90.4% 1Y
Market cap
$90.97B
P/E
6.8x
Revenue (TTM)
-$3.60B
Div. yield
3.15%
Integrated Oil and Gas Energy
4 wins

Head to Head

12 decided of 12

Equinor Asa leads on 6 of the 12 questions below (Equinor Asa 6, Suncor Energy 4, Occidental Petroleum 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEQNRSUOXYLeader
Larger companyMarket capitalisation $117.66B $90.97B $62.70B EQNR
Cheaper on earningsLower P/E, profitable companies only 15.2x 6.8x 9.5x SU
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.7x 8.2x 8.8x SU
Faster revenue growthRevenue growth, trailing twelve months +5.8% -108.8% +7.3% OXY
More profitableNet margin, trailing twelve months 7.0% — 30.3% OXY
Better return on capitalReturn on invested capital 47.7% — 6.6% EQNR
Less leveragedLower net debt / EBITDA 0.0x 0.5x 0.8x EQNR
Higher dividend yieldTrailing dividend yield 3.23% 3.15% 1.66% EQNR
Better 1-year returnPrice return, last 12 months +93.2% +90.4% +48.3% EQNR
Better 5-year returnAnnualised price return, 5 years +12.7%/yr +24.1%/yr +13.2%/yr SU
Less volatileAnnualised volatility, 1 year 39.0% 27.8% 34.5% SU
Higher overall scoreMean of the five percentile scores vs peers 68/100 65/100 62/100 EQNR

Percentile Scorecard

EQNRSUOXY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisEQNRSUOXY
Valuation 80 #21 of 99 75 #26 of 99 58 #42 of 99
Growth 57 #42 of 97 63 #37 of 97 70 #30 of 97
Profitability 83 #17 of 96 73 #27 of 96 70 #30 of 96
Financial Health 57 #44 of 102 75 #26 of 102 61 #40 of 102
Shareholder Returns 61 #30 of 76 39 #47 of 76 53 #36 of 76
Overall 68 65 62
  • EQNR ranked among 103 companies in Oil and Gas Upstream
  • SU ranked among 103 companies in Oil and Gas Upstream
  • OXY ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodEQNRSUOXYSPY
1 month +11.6%+11.7%+10.3% -0.2%
3 months +23.0%+19.3%+16.3% +3.9%
6 months +22.2%+16.9%+7.0% +8.2%
Year to date +99.2%+71.8%+52.5% +12.9%
1 year +93.2%+90.4%+48.3% +12.3%
3 years +40.1%+134.7%+0.8% +87.4%
3 years, per year +11.9%+32.9%+0.3% +23.3%
5 years +81.5%+194.2%+85.4% +67.9%
5 years, per year +12.7%+24.1%+13.2% +10.9%
10 years +183.5%+144.7%-15.0% +261.1%
10 years, per year +11.0%+9.4%-1.6% +13.7%

Risk

MeasureEQNRSUOXYSPY
Volatility, 1Y 39.0%27.8%34.5% 12.7%
Downside volatility, 1Y 38.4%28.8%32.7% 12.7%
Beta vs S&P 500, 1Y -1.10-0.40-0.81 1.00
Return / volatility, 1Y 2.393.251.40 0.97
Max drawdown, 5Y -47.8%-37.3%-52.5% -25.4%
From 52-week high -3.6%-4.1%-5.3% -1.2%
52-week high $48.81$79.48$66.24 $779.14
52-week low $22.41$39.51$38.92 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleEQNRSUOXY
P/E now vs peer median 15.2xmedian 13.0x 6.8xmedian 13.0x 9.5xmedian 13.0x
P/S now vs peer median 1.0xmedian 2.1x -25.3xmedian 2.1x 2.9xmedian 2.1x
EV/EBITDA now vs peer median 2.7xmedian 5.9x 11.0xmedian 5.9x 5.8xmedian 5.9x
P/FCF now vs peer median 12.3xmedian 11.1x 4.6xmedian 11.1x 11.5xmedian 11.1x
P/B now vs peer median 2.7xmedian 1.5x 1.9xmedian 1.5x 1.5xmedian 1.5x
PEG now vs peer median —median 2.27 0.18median 2.27 4.65median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsEQNRSUOXY
Revenue $114.42B -$3.60B $21.67B
Operating income $32.53B $1.71B –
Net income $9.05B $8.93B $7.31B
Free cash flow $9.58B $19.78B $5.45B
R&D $880.00M – $258.00M
EPS (diluted) $3.08 $11.22 $6.50
Cash & equivalents $8.06B $5.37B $4.15B
Total debt $24.43B $9.85B $13.74B
Shares (diluted) 2.60B 1.22B 1.01B
Enterprise value $32.19B $76.72B $51.25B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricEQNRSUOXY
P/E 15.2x 6.8x 9.5x
P/FCF 12.3x 4.6x 11.5x
P/Operating cash flow 5.1x 5.8x 5.3x
P/S 1.0x -25.3x 2.9x
P/B 2.7x 1.9x 1.5x
P/Tangible book 2.7x 1.9x 1.5x
EV/EBITDA 2.7x 11.0x 5.8x
EV/EBIT 3.6x 55.9x 14.3x
EV/Revenue 1.0x -26.5x 3.3x
EV/FCF 12.4x 4.8x 13.3x
EV/Operating cash flow 5.1x 6.0x 6.1x
PEG (3Y EPS CAGR) – 0.18 4.65

Growth

14 metrics
MetricEQNRSUOXY
Revenue growth (1Y) 5.8% -108.8% 7.3%
Revenue CAGR (3Y) – -27.6% -11.8%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 7.6% 18.0% –
Operating income CAGR (3Y) – – –
Net income growth (1Y) 10.0% 57.7% 200.5%
Net income CAGR (3Y) – 13.8% 2.5%
EPS growth (1Y) 24.1% 55.0% 281.4%
EPS CAGR (3Y) – 36.9% 2.0%
Operating cash flow growth (1Y) 15.5% 9.5% -2.0%
Operating cash flow CAGR (3Y) – 8.9% -5.7%
Free cash flow growth (1Y) 39.6% 5.0% 282.5%
Free cash flow CAGR (3Y) – 17.4% -9.2%

Profitability

14 metrics
MetricEQNRSUOXY
Gross margin – – –
EBITDA margin 38.9% – 57.1%
Operating margin 28.4% – –
Pretax margin 29.0% – 24.7%
Net margin 7.0% – 30.3%
FCF margin 8.4% – 25.2%
Operating cash flow margin 20.2% -438.8% 54.9%
Return on equity 20.9% 29.1% 17.8%
Return on assets 658.7% 14.6% 9.1%
Return on invested capital 47.7% – 6.6%
Return on capital employed – 2.1% 7.0%
Asset turnover 83.3x 0.0x 0.3x
Cash conversion (OCF / net income) 2.6x 1.8x 1.6x
Stock comp / revenue – -3.5% –

Financial Health

11 metrics
MetricEQNRSUOXY
Debt / assets 1,784% 10.4% 17.1%
Debt / equity 0.6x 0.2x 0.3x
Net debt / EBITDA 0.0x 0.5x 0.8x
Debt / FCF 2.5x 0.5x 2.5x
Liabilities / assets -3,046% 49.2% 47.3%
Equity / assets 3,146% 50.8% 52.7%
Interest coverage – – 4.9x
Current ratio 1.2x 1.7x 1.4x
Quick ratio 0.9x 1.0x 0.9x
Cash ratio 0.6x 0.5x 0.5x
Altman Z-score – – 1.99

Shareholder Returns

7 metrics
MetricEQNRSUOXY
Dividend yield 3.2% 3.1% 1.7%
Net buyback yield – -4.0% -0.3%
Shareholder yield 3.2% -0.9% 1.3%
Payout ratio (earnings) – 31.6% 22.6%
Payout ratio (FCF) – 14.3% 30.4%
Dividend growth (1Y) – -0.7% 8.5%
Dividend CAGR (3Y) – -1.4% 7.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusEQNRSUOXY
Forward P/E 8.7xFY2026 8.2xFY2026 8.8xFY2026
EPS, next fiscal year $5.41FY2026 $9.31FY2026 $7.10FY2026
EPS growth, next FY +119.0%FY2026 +177.1%FY2026 +221.3%FY2026
EPS growth, the year after -15.7% -18.8% -25.4%
Revenue, next fiscal year $120.69BFY2026 $45.87BFY2026 $28.98BFY2026
Revenue growth, next FY +14.0%FY2026 +28.8%FY2026 +16.1%FY2026
Revenue growth, the year after -1.4% -12.0% -13.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEQNRSUOXY
Held by institutions 6.6% 65.2% 83.4%
Institutions holding 409 752 1,238
Change in shares held, QoQ +1.8% -5.1% +4.5%
Institutions buying 230 367 641
Institutions selling 115 252 372
Buyers to sellers 2.00 1.46 1.72

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

EQNRSUOXY
EQNR 1.00 0.72 0.75
SU 0.72 1.00 0.69
OXY 0.75 0.69 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EQNR, SU and OXY?

Equinor Asa (EQNR) is the largest by market capitalisation: Equinor Asa (EQNR) $117.66B, Suncor Energy (SU) $90.97B, Occidental Petroleum (OXY) $62.70B.

Which stock is cheaper, EQNR, SU and OXY?

Suncor Energy (SU) trades on the lowest price-to-earnings ratio (Equinor Asa (EQNR) 15.2x, Suncor Energy (SU) 6.8x, Occidental Petroleum (OXY) 9.5x). On next year's consensus earnings, Suncor Energy (SU) is cheapest (Equinor Asa (EQNR) 8.7x, Suncor Energy (SU) 8.2x, Occidental Petroleum (OXY) 8.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Occidental Petroleum (OXY) grew revenue fastest over the trailing twelve months: Equinor Asa (EQNR) +5.8%, Suncor Energy (SU) -108.8%, Occidental Petroleum (OXY) +7.3%.

Which company is more profitable?

Occidental Petroleum (OXY) has the highest net margin (Equinor Asa (EQNR) 7.0%, Occidental Petroleum (OXY) 30.3%). On return on invested capital, Equinor Asa (EQNR) leads (Equinor Asa (EQNR) 47.7%, Occidental Petroleum (OXY) 6.6%).

Which stock has performed better?

Over the past year Equinor Asa (EQNR) returned the most: Equinor Asa (EQNR) +93.2%, Suncor Energy (SU) +90.4%, Occidental Petroleum (OXY) +48.3%. Over five years, Suncor Energy (SU) compounded fastest (Equinor Asa (EQNR) +12.7%/yr, Suncor Energy (SU) +24.1%/yr, Occidental Petroleum (OXY) +13.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Equinor Asa (EQNR) has the highest dividend yield: Equinor Asa (EQNR) 3.23%, Suncor Energy (SU) 3.15%, Occidental Petroleum (OXY) 1.66%.

Which stock is riskier?

By one-year price volatility, Suncor Energy (SU) has been the steadiest (Equinor Asa (EQNR) 39.0%, Suncor Energy (SU) 27.8%, Occidental Petroleum (OXY) 34.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EQNR, SU and OXY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Equinor Asa (EQNR) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.