Slide 1: 1st quarter 2024 results
1st quarter 2024 results Torgrim Reitan Chief financial officer 25 April 2024 Open
Slide 2: Highlights First quarter 2024
Highlights First quarter 2024 7.5 2.7 Financial and operational performance − Solid financial results and cashflow − Strong operational performance and production BN USD BN USD Adjusted operating Net income − MMP delivering above guided range income Strategic progress − Power-from-shore to the Sleip
Slide 3: Safety: performance indicators
Safety: performance indicators Serious Incident Frequency (SIF) Total Recordable Injury Frequency (TRIF) Oil and gas leakages Serious incidents and near-misses per million hours worked. Personal injuries per million hours worked. Number of leakages with rate above 0.1 kg/second 12-month average. 12-
Slide 4: Equity production
1Q 2024 Equity production Oil and gas Power − NCS production driven by strong operational performance, − Renewable production increased 48% mainly driven by increased capacity at Johan Sverdrup and ramp up of Breidablikk. Rio Energy and start-up of Mendubim solar plants − International volume growth
Slide 5: Financial results
1Q 2024 Financial results Highlights Realised prices 1Q24 1Q23 − Increasing liquids prices, lower gas prices Liquids (USD/bbl) 76.0 73.8 European gas (USD/mmbtu) 9.41 18.79 − E&P Norway results driven by strong production N. American gas (USD/mmbtu) 2.33 3.24 − Strong international results Adjusted
Slide 6: Cash flow
1Q 2024 Cash flow - One NCS tax instalment of USD 3.5 billion1 Cash Flow (USD million) 1Q24 1Q23 - 2Q24: Two NCS tax instalments of NOK 38 and 37 billion Cash flow from operations3 9,689 15,305 − Significant capital distribution of USD 3.2 billion Total taxes paid (3,849) (5,589) Cash flow from oper
Slide 7: Outlook
Outlook OUTLOOK Organic capex 1 ~ 13 BN USD 2024 Stable Doubling Production Oil & Gas production Renewables power generation 2024 2024 1. Based on USD/NOK of 10 7 1Q 2024 results Open 25 April 2024
Slide 8: Forward-looking statements
Forward-looking statements This presentation contains certain forward-looking statements that involve risks and uncertainties. In some cases, we use unfavourable macroeconomic conditions and inflationary pressures; exchange rate and interest rate fluctuations; levels and words such as "ambition", "c
Slide 9: Investor Relations in Equinor
CONTACT INFORMATION Investor Relations in Equinor E-mail: irpost@equinor.com Norway/UK Bård Glad Pedersen Senior Vice President bgp@equinor.com +47 91 80 17 91 Lars Valdresbråten IR Manager Norway lava@equinor.com +47 40 28 17 89 Erik Gonder IR Officer ergon@equinor.com +47 99 56 26 11 Amberley Dosk
Slide 10: Appendix
Appendix 10 | 1Q 2024 results Open 25 April 2024
Slide 11: Financial results
1Q 2024 Financial results 1Q 2024 2, 672 7, 631 (98) 7,533 373 (5,071) 2,836 Million USD 1Q 2023 4,966 12,517 (602) 11,916 437 (8,489) 3,864 Million USD 11 | 1Q 2024 results Open 25 April 2024
Slide 12: Segment results
1Q 2024 Segment results Adjusted operating E&P Norway E&P International E&P USA MMP REN income Million USD Pre-tax Post-tax Pre-tax Post-tax Pre-tax Post-tax Pre-tax Post-tax Pre-tax Post-tax 1Q 24 5,756 1,322 616 524 377 283 887 499 (70) (55) 1Q 23 9,912 2,213 560 295 340 260 1,278 854 (83) (72) Ne