Slide 1: 3rd quarter 2023 results
3rd quarter 2023 results Torgrim Reitan Chief financial officer 27th October 2023 Open
Slide 2: Highlights Third quarter 2023
Highlights Third quarter 2023 Financial and operational performance − Strong earnings and cashflow from operations 8.0BN USD 7.5 BN USD − Increased liquids production across the portfolio; NCS gas production impacted Adjusted earnings Net operating income by planned maintenance and extended turnarou
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 Number of leakages with rate above 0.1 kg/second 12-month ave
Slide 4: Equity production
3Q 2023 Equity production Oil and gas Power − Liquids production growth driven by Johan Sverdrup and new − Production increase due to Hywind Tampen and onshore fields on stream in UK, Brazil, and US renewables in Poland − NCS gas production impacted by extended turnaround on Troll A, − Lower gas-to-
Slide 5: Financial results
3Q 2023 Financial results Highlights Realised prices 3Q23 3Q22 − Liquids price strengthened during the quarter, but lower than Liquids (USD/bbl) 80.3 92.9 last year European gas (USD/mmbtu) 10.93 44.37 − European gas prices significantly down from extraordinary levels; N. American gas (USD/mmbtu) 1.
Slide 6: Cash flow
3Q 2023 Cash flow - One NCS tax instalment of USD 3.7 billion1 Cash Flow Million USD 3Q23 Year to date 23 - 4Q23: Two NCS tax instalments each of ~USD 3.75 billion Cash flow from operations4 11,336 37,126 and one additional NCS tax payment of ~USD 1 billion2 Total taxes paid (3,743) (20,173) − Signi
Slide 7: Outlook
Outlook Production growth 2022-23 ~1.5 percent 2023 ~10-11 billion USD Organic capex 1 2024-26 ~13 billion USD 1. Annual average capex based on USD/NOK 10 7 | 3Q 2023 results Open 27 October 2023
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 exchange rate and interest rate fluctuations; levels and calculations of reserves and material differences from reserves words such as "ambition", "con
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 lava@equinor.com +47 40 28 17 89 Erik Gonder IR Officer ergon@equinor.com +47 99 56 26 11 Amberley Doskey IR M
Slide 10: Appendix
u equinor *: Appendix 10 | 3Q2023 results
Slide 11: Financial results
3Q 2023 Financial results 3Q 2023 2, 501 7, 453 571 8,024 (5,292) 2,731 Million USD 3Q 2022 9,371 26,103 (1,631) 24,472 (17,281) 7,191 Million USD 11 | 3Q 2023 results Open 27 October 2023
Slide 12: Segment results
3Q 2023 Segment results E&P Norway E&P International E&P USA MMP REN Adjusted earnings Million USD Pre-tax Post-tax Pre-tax Post-tax Pre-tax Post-tax Pre-tax Post-tax Pre-tax Post-tax 3Q 23 6,087 1,343 809 646 343 261 876 543 (108) (97) 3Q 22 21,079 4,723 942 641 889 868 1,623 998 (46) (32) Reported