Crude Oil was the largest of Equinor Asa’s 6 reported lines in fiscal 2025, at $58.40B — 62% of $94.14B.
| Products and services [axis] | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Crude Oil | $58.52B | $56.86B | $58.25B | $58.40B | |||||||
| Revenues From Contracts With Customers | — | — | — | — | |||||||
| Revenuefromcontractswithcustomers | — | — | — | — | |||||||
| Revenuefromsaleofoilandgasproducts | — | — | — | — | |||||||
| Natural Gas Liquids | $67.48B | $23.17B | $18.13B | $21.22B | |||||||
| Refined Products | $11.09B | $10.08B | $9.24B | $10.38B | |||||||
| Power | $3.95B | $2.22B | $1.88B | $2.10B | |||||||
| Transportation | $1.47B | $1.43B | $1.33B | $1.26B | |||||||
| Other Sales | $748.00M | $809.00M | $649.00M | $778.00M | |||||||
| Total | $143.27B | $94.58B | $89.49B | $94.14B |
In fiscal 2025, which ended December 31, 2025, the 6 revenue lines Equinor Asa reported in this breakdown added up to $94.14B. That was up 5.2% from $89.49B in fiscal 2024. Crude Oil was the largest revenue line, at $58.40B or 62.0% of the total, followed by Natural Gas Liquids ($21.22B, 22.5%) and Refined Products ($10.38B, 11.0%). Together, the two largest revenue lines made up 84.6% of this total.
Compared with fiscal 2024, Natural Gas Liquids grew the fastest, rising 17.0% to $21.22B. Every sizeable revenue line reported in both years grew. Over fiscal 2022 to 2025, revenue across these revenue lines went from $143.27B to $94.14B, a compound annual decline of 13.1%. Crude Oil's share of the total rose from 40.8% to 62.0% over the same years.
The table also keeps 3 revenue lines that Equinor Asa no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2015 to 2025, as reported in Equinor Asa's annual filings.
Equinor Asa (EQNR) breaks its revenue down by revenue line. In fiscal 2025, its largest revenue line was Crude Oil, with $58.40B or 62.0% of the total, followed by Natural Gas Liquids at $21.22B (22.5%).
Crude Oil was Equinor Asa's largest revenue line in fiscal 2025, with $58.40B in revenue, 62.0% of the $94.14B reported across its 6 revenue lines.
Of the Equinor Asa revenue lines reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Natural Gas Liquids grew the fastest, rising 17.0% from $18.13B to $21.22B.
Every figure is taken from Equinor Asa's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2015 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.