<SEC-DOCUMENT>0001171843-20-001960.txt : 20200325
<SEC-HEADER>0001171843-20-001960.hdr.sgml : 20200325
<ACCEPTANCE-DATETIME>20200325061013
ACCESSION NUMBER:		0001171843-20-001960
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200325
FILED AS OF DATE:		20200325
DATE AS OF CHANGE:		20200325

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EQUINOR ASA
		CENTRAL INDEX KEY:			0001140625
		STANDARD INDUSTRIAL CLASSIFICATION:	PETROLEUM REFINING [2911]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15200
		FILM NUMBER:		20739926

	BUSINESS ADDRESS:	
		STREET 1:		FORUSBEEN 50
		CITY:			STAVANGER NORWAY
		STATE:			Q8
		ZIP:			N 4035
		BUSINESS PHONE:		47 51 99 00 00

	MAIL ADDRESS:	
		STREET 1:		FORUSBEEN 50
		CITY:			STAVANGER
		STATE:			Q8
		ZIP:			N 4035

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STATOIL ASA
		DATE OF NAME CHANGE:	20091102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STATOILHYDRO ASA
		DATE OF NAME CHANGE:	20071005

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STATOIL ASA
		DATE OF NAME CHANGE:	20010515
</SEC-HEADER>
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_032520.htm
<DESCRIPTION>FORM 6-K
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<html><head><title></title></head><body style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><div align="center"><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;">&#160;</div></div><p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong></p><p style="font-size: 14pt; text-transform: uppercase;" align="center"><strong>Form 6-K</strong></p><p style="text-align: center;"><strong></strong></p><p style="text-align: center;"><strong>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</strong></p><p style="text-align: center;"><strong></strong><strong>March 2020</strong></p><p style="text-align: center;">Commission File Number: <strong>1-15200</strong></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>Equinor ASA</strong></font><br />(Translation of registrant's name into English)</p><p style="text-align: center;"><strong>FORUSBEEN 50, N-4035, STAVANGER</strong><br />(Address of principal executive office)</p></div><p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br />Form 20-F [&#160;X ] &#160;&#160;&#160;&#160;&#160;Form 40-F [&#160;&#160; ]</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): </p><p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </p><p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.&#160;</p><hr style="page-break-after: always;" noshade="noshade" /><p> <p>On March 25, 2020, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. <br /><br />(c) <a href="exh_991.htm">Exhibit 99.1</a>. Press release dated March 25, 2020</p></p><p /><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><strong>SIGNATURES</strong></p><p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p><table style="font-family: Times New Roman; font-size: 10pt;" border="0" width="100%" cellspacing="0" cellpadding="0"><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%"><strong>&#160;&#160;&#160;&#160;Equinor ASA&#160;&#160;&#160;&#160;</strong></td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">(Registrant)</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr><tr valign="top"><td width="47%">Date: March 25, 2020</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%">&#160;&#160;&#160;&#160;/s/ LARS CHRISTIAN BACHER&#160;&#160;&#160;&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">Lars Christian Bacher</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">Chief Financial Officer</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr></table></body></html>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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<p ></p><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><strong>Equinor launches USD 3 billion action plan to strengthen financial resilience in 2020</strong></p><p style="text-align: center;" ></p><p>
     <p><strong>Equinor (OSE:EQNR, NYSE:EQNR) presents updated outlook for 2020 and an around USD 3 billion action plan to strengthen the financial resilience in a market impacted by the COVID-19 and low commodity prices. Equinor can be organic cash flow neutral (1) before capital distribution in 2020 with an average oil price around USD 25 per barrel for the remaining part of the year.</strong></p>  <p>The main elements of the action plan are:</p>  <ul><li>Reducing organic capex for 2020 from USD 10-11 billion to around USD 8.5 billion, a reduction of around 20%. </li><li>Reducing exploration activity for 2020 from around USD 1.4 billion to around USD 1 billion (2).</li><li>Reducing operating (3) costs for 2020 by around USD 700 million compared to original estimates.</li></ul>  <p>Reductions in organic capex are driven by a strict process of prioritisation where flexibility of cost and schedule for sanctioned and non-sanctioned projects have been reviewed. Within US onshore activities, drilling and completion activities are being halted to produce the volumes at a later period, reducing investments significantly for 2020.</p>  <p>These cost reductions come in addition to the already announced suspension of buy-back under the share buy-back programme until further notice. The second tranche of around USD 675 million, including the Norwegian State share, intended to be launched from around 18 May to 28 October 2020, will not be executed as previously planned.</p>  <p>"Equinor is in a strong financial position to handle market volatility and uncertainty. Our strategy remains firm, and we are now taking actions to further strengthen our resilience in this situation with the spread of the corona virus and low commodity prices," says president and CEO of Equinor ASA, Eldar S&#230;tre</p>  <p>"We have implemented measures to reduce the risk of spreading the corona virus and have so far been able to maintain production at all our fields. Safe operations remain our first priority in this situation," says S&#230;tre.</p>  <p>Equinor has over the past years realised significant improvements and is today a stronger and more robust company. In 2014 Equinor needed an average oil price of around USD 100 per barrel to be organic cash flow neutral before capital distribution. With the measures now being implemented, Equinor can be organic cash flow neutral before capital distribution in 2020 with an average oil price around USD 25 per barrel for the remaining part of the year.</p>  <p>Equinor has assumed an USD/NOK exchange rate of 11 for the remaining part of the year in its updated outlook.</p>  <p>* * *</p>  <p>(1) Excludes inorganic investments and potential redetermination. Based on taxes payable.</p>  <p>(2) Assuming 75% exploration expensed and 25% capitalised.</p>  <p>(3) Operating cost (excluding variable cost such as transportation and processing), sales and general administration and field development costs. Expensed exploration costs are not included.</p>  <p>***</p>  <p><strong> Further information:</strong></p>  <p><strong>Investor relations</strong><br >Peter Hutton, senior vice president Investor Relations,<br >+44 7881 918 792 (mobile)</p>  <p><strong>Press</strong><br >B&#229;rd Glad Pedersen, vice president Media Relations,<br >+47 918 01 791 (mobile)</p>  <p><em>This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act</em></p> </p><p ></p>
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