Slide 1: 3rd quarter 2024 results
3rd quarter 2024 results Torgrim Reitan Chief financial officer 24 October 2024 Open
Slide 2: Highlights Third quarter 2024
Highlights Third quarter 2024 Financial and operational performance − Solid financial results 6.9BN USD 2.3 BN USD − Extensive turnaround programme executed successfully Adjusted operating Net income − Strong cash flow from operations income Strategic progress 14.0 0.79 − All time high production fr
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
3Q 2024 Equity production Oil and gas Power − NCS strong operational performance and ramp up of new − REN increase mainly driven by onshore fields power plants in Brazil and Poland − International production impacted by offshore turnarounds − Dogger Bank A full production expected and US hurricanes,
Slide 5: Financial results
3Q 2024 Financial results Highlights Realised prices 3Q24 3Q23 − European gas prices increased during the quarter, while liquids Liquids (USD/bbl) 74.0 80.3 prices decreased European gas (USD/mmbtu) 11.24 10.93 − Strong gas production on NCS drove solid E&P Norway results N. American gas (USD/mmbtu)
Slide 6: Cash flow
3Q 2024 Cash flow Cash flow (USD million) 3Q24 Year to date 24 - One NCS tax instalment of USD 2.9 billion1 Cash flow from operations3 9,233 28,670 - 4Q24: Two NCS tax instalments of NOK 31.3 billion1 each Total taxes paid (2,986) (14,685) − Significant capital distribution of USD 6.5 billion, inclu
Slide 7: Outlook
Outlook OUTLOOK Organic capex 1 12-13 BN USD 2024 Production Stable ~50% Oil & Gas production Renewables power production growth 2023-24 2023-24 1. Based on USD/NOK of 10 7 | 3Q 2024 results Open 24 October Confidential 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 including levels of industry product supply, demand and pricing, in particular in light of significant oil price volatility; words such as "ambition",
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 Ingvar Egeland IR Manager UK ineg@equinor.com +44 7561 854176 Erik Gon
Slide 10: Appendix
Appendix 10 | 3Q 2024 results Open 24 October 2024
Slide 11: Financial results
3Q 2024 Financial results 3Q 2024 2,285 6,905 (19) 6,887 162 (4,857) 2,191 Million USD Net income Net Operating Adjustments Adjusted Adjusted net Adjusted Adjusted Income operating financial income tax net income income items 3Q 2023 2,501 7,453 477 7,930 160 (5,184) 2,907 Million USD 11 | 3Q 2024 r
Slide 12: Segment results
3Q 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 3Q 24 5,875 1,337 407 326 207 160 545 346 (115) (99) 3Q 23 5,942 1,312 860 673 343 261 876 543 (108) (97) Ne