EQUINOR ASA
boothcheck covers EQUINOR ASA (EQNR) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 26, 2026.
• The defining fact is fiscal, not geological: the annual filing states that ⟦"The Norwegian petroleum income is taxable at a tax rate of 71.8 % after deducting a calculated 22 % corporate tax."⟧, so every pre-tax figure here describes a pool the shareholder receives a minority of. • The revenue mix is 55% crude oil and 24% natural gas, which means the whole business is levered to two prices set elsewhere, and the governments that set the tax on those prices have already moved rates twice in the
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409 institutional managers reported holding EQNR in 13F filings for the quarter ended 2026-03-31. Together they hold about 7% of the company; the top 10 hold 6%. 117 opened new positions that quarter. Held by Arrowstreet Capital, Morgan Stanley, Goldman Sachs, among others. On the short side, 23.8M shares were sold short as of the 2026-06-15 count, about 0.9% of shares outstanding (6.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
EQNR has cut its share count 22.2% over the past five years. It pays a dividend, and has for 2 years running. Cash returned over the past three years: $8.51B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.