What does Equinor do?

Equinor is a Norwegian multinational energy company based in Stavanger, originally established as Statoil in 1972. The company was created by the Norwegian government to manage the country's oil and gas resources on the Norwegian Continental Shelf. It became publicly traded in 2001, with the government retaining majority ownership, and rebranded to Equinor in 2018 to reflect its commitment to a diverse energy portfolio that includes renewables. Equinor operates in over 30 countries and employs approximately 20,500 people. The company focuses on oil and gas exploration, production, transportation, processing, refining, and marketing. It ranks among the largest net sellers of crude oil and is a significant natural gas supplier to Europe. Equinor is known for its expertise in extracting fossil fuels from challenging deepwater locations and operates refineries that produce various petroleum products. In addition to its traditional energy operations, Equinor is expanding into renewable energy, particularly offshore wind and solar power, while also implementing strategies to reduce emissions from its oil and gas activities.