Slide 1: 2nd quarter 2024 results
2nd quarter 2024 results Torgrim Reitan Chief financial officer 24 July 2024 Open
Slide 2: Highlights Second quarter 2024
Highlights Second quarter 2024 Financial and operational performance − Continued strong operational performance 7.5 BN USD 1.9 BN USD − Solid financial results Adjusted operating Net income − Cashflow impacted by NCS tax payments and capital distribution income Strategic progress − New fields on str
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. 12-month average. Number of leakages with rate above 0.1 kg/second dur
Slide 4: Equity production
2Q 2024 Equity production Oil and gas Power − Strong production and operational performance on the NCS − Renewable production increase mainly driven by supported by Troll and Oseberg and ramp up of new fields onshore power plants in Brazil and Poland − Contribution from the Buzzard field in the UK a
Slide 5: Financial results
2Q 2024 Financial results Highlights Realised prices 2Q24 2Q23 − Increase in European gas prices during the quarter, Liquids (USD/bbl) 77.6 70.3 lower average than 2Q last year European gas (USD/mmbtu) 9.94 11.46 − E&P Norway results driven by strong production N. American gas (USD/mmbtu) 1.53 1.46
Slide 6: Cash flow
2Q 2024 Cash flow - Final two NCS tax instalments for 2023 of USD 7 billion Cash flow (USD million) 2Q24 Year to date 24 - 3Q24: One NCS tax instalments of NOK 31.3 billion 1 Cash flow from operations3 9,748 19,437 Total taxes paid (7,850) (11,700) − Significant capital distribution of USD 2.5 billi
Slide 7: Outlook
Outlook OUTLOOK Organic capex 1 ~ 13 BN USD 2024 Stable ~70% Production Oil & Gas production Renewables power production growth 2023-24 2023-24 1. Based on USD/NOK of 10 7 | 2Q 2024 results Open 24 Confidential July 2024
Slide 8: Forward-looking statements
Forward-looking statements This report contains certain forward-looking statements that involve risks and uncertainties. In some cases, we use words including levels of industry product supply, demand and pricing, in particular in light of significant oil price volatility; such as "ambition", "conti
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 +44 7561 854176 Ingvar Egeland IR Manager UK ineg@equinor.com Erik Gon
Slide 10: Appendix
Appendix 10 | 2Q 2024 results Open 24 July 2024
Slide 11: Financial results
2Q 2024 Financial results 2Q 2024 1,872 7,656 (173) 7,482 98 (5,164) 2,417 Million USD 2Q 2023 1,829 7,051 748 7,799 486 (5,579) 2,706 Million USD 11 | 2Q 2024 results Open 24 July 2024
Slide 12: Segment results
2Q 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 2Q 24 6,129 1,364 699 474 264 192 497 237 (90) (85) 2Q 23 6,213 1,413 797 436 226 173 665 337 (84) (77) Net