<SEC-DOCUMENT>0001140625-20-000021.txt : 20201029
<SEC-HEADER>0001140625-20-000021.hdr.sgml : 20201029
<ACCEPTANCE-DATETIME>20201029074629
ACCESSION NUMBER:		0001140625-20-000021
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20201029
FILED AS OF DATE:		20201029
DATE AS OF CHANGE:		20201029

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:		201270567

	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>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>eqnr3q20-mda_6k.htm
<DESCRIPTION>EQUINOR THIRD QUARTER 2020 REPORT
<TEXT>
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<div id="a0" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a1" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a2" style="position:absolute;font-weight:bold;left:354.693px;top:96.5px;">UNITED STATES </div><div id="a6" style="position:absolute;font-weight:bold;left:283.933px;top:111.3px;">SECURITIES AND EXCHANGE<div style="display:inline-block;width:4.26px">&#160;</div>COMMISSION </div><div id="a14" style="position:absolute;font-weight:bold;left:332.933px;top:126px;">WASHINGTON,<div style="display:inline-block;width:4.22px">&#160;</div>DC 20549 </div><div id="a20" style="position:absolute;font-weight:bold;left:396.96px;top:140.7px;">&#160;</div><div id="a21" style="position:absolute;font-size:21.44px;font-weight:bold;left:345.413px;top:155px;">FORM 6-K </div><div id="a27" style="position:absolute;font-weight:bold;left:294.213px;top:196.7px;">REPORT OF FOREIGN PRIVATE<div style="display:inline-block;width:6.01px">&#160;</div>ISSUER </div><div id="a37" style="position:absolute;font-weight:bold;left:275.613px;top:211.5px;">PURSUANT TO RULE 13a<div style="display:inline-block;width:1.36px">&#160;</div>-16 OR 15d-16 OF THE </div><div id="a57" style="position:absolute;font-weight:bold;left:298.693px;top:225.9px;">SECURITIES EXCHANGE ACT<div style="display:inline-block;width:4.44px">&#160;</div>OF 1934 </div><div id="a67" style="position:absolute;left:396.96px;top:240.6px;">&#160;</div><div id="a68" style="position:absolute;left:357.253px;top:255.3px;">29 October 2020 </div><div id="a74" style="position:absolute;left:315.973px;top:270px;">Commission File Number 1-<div style="display:inline-block;width:1.44px">&#160;</div>15200 </div><div id="a85" style="position:absolute;font-size:18.56px;font-weight:bold;left:339.333px;top:295.3px;">Equinor ASA </div><div id="a89" style="position:absolute;left:289.693px;top:332.8px;">(Translation of registrant&#8217;s<div style="display:inline-block;width:4.66px">&#160;</div>name into English) </div><div id="a101" style="position:absolute;left:396.96px;top:347.5px;">&#160;</div><div id="a102" style="position:absolute;left:273.053px;top:361.9px;">FORUSBEEN 50, N-4035, STAVANGER,<div style="display:inline-block;width:6.92px">&#160;</div>NORWAY </div><div id="a114" style="position:absolute;left:305.733px;top:376.6px;">(Address of principal executive offices) </div><div id="a125" style="position:absolute;left:60.512px;top:391.3px;">&#160;</div><div id="a126" style="position:absolute;left:60.512px;top:406.1px;">Indicate by check mark whether the<div style="display:inline-block;width:4.51px">&#160;</div>registrant files or will file annual<div style="display:inline-block;width:4.38px">&#160;</div>reports under cover of Form 20<div style="display:inline-block;width:1.35px">&#160;</div>-F<div style="display:inline-block;width:3.47px">&#160;</div>or Form 40-F: </div><div id="a172" style="position:absolute;left:60.512px;top:420.8px;">&#160;</div><div id="a173" style="position:absolute;left:331.973px;top:435.5px;">Form 20-F </div><div id="a179" style="position:absolute;font-weight:bold;left:384.48px;top:435.5px;">X </div><div id="a181" style="position:absolute;left:394.72px;top:435.5px;"><div style="display:inline-block;width:17.6px">&#160;</div>Form 40-F </div><div id="a188" style="position:absolute;left:60.512px;top:449.9px;">&#160;</div><div id="a189" style="position:absolute;left:60.512px;top:464.6px;">Indicate by check mark if the registrant<div style="display:inline-block;width:4.57px">&#160;</div>is submitting the Form 6-K in<div style="display:inline-block;width:4.55px">&#160;</div>paper as permitted by Regulation S<div style="display:inline-block;width:1.57px">&#160;</div>-T Rule 101(b)(1):_____ </div><div id="a235" style="position:absolute;left:60.512px;top:479.4px;">&#160;</div><div id="a236" style="position:absolute;left:60.512px;top:494.1px;">Indicate by check mark if the registrant<div style="display:inline-block;width:4.57px">&#160;</div>is submitting the Form 6-K in<div style="display:inline-block;width:4.55px">&#160;</div>paper as permitted by Regulation S<div style="display:inline-block;width:1.57px">&#160;</div>-T Rule 101(b)(7):_____ </div><div id="a282" style="position:absolute;left:60.512px;top:508.8px;">&#160;</div><div id="a283" style="position:absolute;left:60.512px;top:524.5px;">This report on Form 6-K is being filed<div style="display:inline-block;width:4.58px">&#160;</div>for the purposes of incorporation<div style="display:inline-block;width:4.51px">&#160;</div>by reference in the Registration<div style="display:inline-block;width:4.36px">&#160;</div>Statements on Form F-3<div style="display:inline-block;width:4.31px">&#160;</div>(File No. 333-</div><div id="a337" style="position:absolute;left:60.512px;top:540.5px;">239808) and Form S-8 (File No.<div style="display:inline-block;width:4.26px">&#160;</div>333-168426).<div style="display:inline-block;width:3.76px">&#160;</div>This report shall be deemed filed<div style="display:inline-block;width:4.62px">&#160;</div>and incorporated by reference in such<div style="display:inline-block;width:4.54px">&#160;</div>Registration </div><div id="a383" style="position:absolute;left:60.512px;top:556.5px;">Statements and shall be deemed<div style="display:inline-block;width:4.39px">&#160;</div>to be a part thereof from the date<div style="display:inline-block;width:4.72px">&#160;</div>on which this report is furnished,<div style="display:inline-block;width:4.43px">&#160;</div>to the extent not superseded by </div><div id="a433" style="position:absolute;left:60.512px;top:572.5px;">documents or reports subsequently<div style="display:inline-block;width:4.4px">&#160;</div>filed or furnished. </div><div id="a447" style="position:absolute;left:60.512px;top:588.5px;">&#160;</div><div id="a448" style="position:absolute;left:60.512px;top:604.5px;">This document includes portions from<div style="display:inline-block;width:4.41px">&#160;</div>the previously published results<div style="display:inline-block;width:4.73px">&#160;</div>announcement of Equinor ASA as of,<div style="display:inline-block;width:4.54px">&#160;</div>and for the nine months ended<div style="display:inline-block;width:4.34px">&#160;</div>30 </div><div id="a492" style="position:absolute;left:60.512px;top:620.5px;">September 2020, as revised to comply<div style="display:inline-block;width:4.5px">&#160;</div>with the requirements of Item<div style="display:inline-block;width:4.7px">&#160;</div>10(e) of Regulation S-K regarding<div style="display:inline-block;width:4.4px">&#160;</div>non-GAAP financial information </div><div id="a534" style="position:absolute;left:60.512px;top:636.5px;">promulgated by the U.S. Securities<div style="display:inline-block;width:4.57px">&#160;</div>and Exchange Commission regarding<div style="display:inline-block;width:4.77px">&#160;</div>non-GAAP financial information. This document does not update or<div style="display:inline-block;width:2.83px">&#160;</div></div><div id="a571" style="position:absolute;left:60.512px;top:652.5px;">otherwise supplement the information contained in the previously<div style="display:inline-block;width:4.81px">&#160;</div>published results announcement. </div></div>
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<div id="a623" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a624" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a2067" style="position:absolute;font-family:Calibri;font-size:14.72px;left:252.573px;top:1001.6px;">&#160;</div><div id="a625" style="position:absolute;font-size:34.56px;font-weight:bold;left:60.512px;top:96.8px;">Equinor<div style="display:inline-block;width:30.48px">&#160;</div>third<div style="display:inline-block;width:23.42px">&#160;</div>quarter<div style="display:inline-block;width:29.78px">&#160;</div>2020<div style="display:inline-block;width:22.68px">&#160;</div>results </div><div id="a635" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:170.9px;">Equinor reports IFRS net<div style="display:inline-block;width:4.77px">&#160;</div>operating income of negative<div style="display:inline-block;width:4.81px">&#160;</div>USD 2.02 billion and IFRS<div 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style="position:absolute;font-size:11.2px;left:89.632px;top:277.1px;"><div style="display:inline-block;width:18.88px">&#160;</div>Strong value creation<div style="display:inline-block;width:4.62px">&#160;</div>from renewables </div><div id="a781" style="position:absolute;font-size:11.2px;left:84.512px;top:293.8px;">&#9679;</div><div id="a782" style="position:absolute;font-size:11.2px;left:89.632px;top:293.8px;"><div style="display:inline-block;width:18.88px">&#160;</div>Net debt ratio</div><div id="a788" style="position:absolute;font-size:7.36px;left:176.707px;top:293.2px;">(1)</div><div id="a791" style="position:absolute;font-size:11.2px;left:185.667px;top:293.8px;"><div style="display:inline-block;width:3.2px">&#160;</div>increased to 31.6%, due<div style="display:inline-block;width:4.71px">&#160;</div>to net impairments<div style="display:inline-block;width:4.22px">&#160;</div>and payment for government<div style="display:inline-block;width:5.03px">&#160;</div>share of share 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<div id="a2146" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a2147" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a2795" style="position:absolute;font-family:Calibri;font-size:14.72px;left:252.573px;top:974.1px;">&#160;</div><div id="a2148" style="position:absolute;font-size:11.2px;left:60.512px;top:96.9px;">underlying production<div style="display:inline-block;width:4.62px">&#160;</div>growth of around 9% compared<div style="display:inline-block;width:5.08px">&#160;</div>to the third quarter of<div style="display:inline-block;width:4.53px">&#160;</div>2019.</div><div id="a2174" style="position:absolute;font-size:14.72px;left:470.267px;top:93.7px;">&#160;</div><div id="a2175" style="position:absolute;font-size:11.2px;left:60.512px;top:128.9px;">At the end of the<div style="display:inline-block;width:4.56px">&#160;</div>third quarter Equinor has completed<div style="display:inline-block;width:5.05px">&#160;</div>26 exploration wells<div style="display:inline-block;width:4.7px">&#160;</div>with 13 commercial discoveries<div style="display:inline-block;width:4.76px">&#160;</div>and two wells under </div><div id="a2217" style="position:absolute;font-size:11.2px;left:60.512px;top:144.9px;">evaluation. 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<div id="a2916" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a2917" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a4062" style="position:absolute;font-family:Calibri;font-size:14.72px;left:252.573px;top:1004.8px;">&#160;</div><div id="a2918" style="position:absolute;font-size:21.44px;font-weight:bold;left:60.512px;top:94.8px;">GROUP REVIEW </div><div id="a2922" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:134.3px;">Third quarter 2020 </div><div id="a2928" style="position:absolute;font-weight:bold;left:60.512px;top:167.6px;">Total equity liquids<div style="display:inline-block;width:4.44px">&#160;</div>and gas production </div><div id="a2940" style="position:absolute;left:262.493px;top:167.6px;">[4] was 1,994 mboe per day in the third<div style="display:inline-block;width:4.7px">&#160;</div>quarter of 2020, up 4% compared<div style="display:inline-block;width:4.34px">&#160;</div>to 1,909 mboe per day in </div><div id="a2983" style="position:absolute;left:60.512px;top:182.3px;">the third quarter of 2019 mainly<div style="display:inline-block;width:4.3px">&#160;</div>due to new fields on the NCS and<div style="display:inline-block;width:4.31px">&#160;</div>UKCS. 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style="position:absolute;left:649.533px;top:414.4px;">(8,063) </div><div id="a3374" style="position:absolute;left:714.853px;top:414.4px;">(8%) </div><div id="a3376" style="position:absolute;font-weight:bold;left:68.192px;top:441.9px;">(4,798) </div><div id="a3378" style="position:absolute;left:122.272px;top:441.9px;">(2,522) </div><div id="a3380" style="position:absolute;left:176.387px;top:441.9px;">(4,619) </div><div id="a3382" style="position:absolute;left:248.733px;top:441.9px;">4% </div><div id="a3385" style="position:absolute;left:281.693px;top:441.9px;">Depreciation, amortisation and net<div style="display:inline-block;width:4.28px">&#160;</div>impairment losses </div><div id="a3387" style="position:absolute;font-weight:bold;left:589.667px;top:441.9px;">(11,757) </div><div id="a3389" style="position:absolute;left:649.533px;top:441.9px;">(9,039) </div><div id="a3391" style="position:absolute;left:715.813px;top:441.9px;">30% </div><div id="a3393" style="position:absolute;font-weight:bold;left:77.152px;top:469.4px;">(886) </div><div id="a3395" style="position:absolute;left:131.264px;top:469.4px;">(393) </div><div id="a3397" style="position:absolute;left:185.347px;top:469.4px;">(871) </div><div id="a3399" style="position:absolute;left:248.733px;top:469.4px;">2% </div><div id="a3402" style="position:absolute;left:281.693px;top:469.4px;">Exploration expenses </div><div id="a3404" style="position:absolute;font-weight:bold;left:595.427px;top:469.4px;">(1,914) </div><div id="a3406" style="position:absolute;left:649.533px;top:469.4px;">(1,374) </div><div id="a3408" style="position:absolute;left:715.813px;top:469.4px;">39% </div><div id="a3419" style="position:absolute;font-weight:bold;left:68.192px;top:503px;">(2,019) </div><div id="a3421" style="position:absolute;left:131.264px;top:503px;">(472) </div><div id="a3423" style="position:absolute;left:185.347px;top:503px;">(469) </div><div id="a3425" style="position:absolute;left:223.453px;top:503px;">&gt;(100%) </div><div id="a3428" style="position:absolute;left:281.693px;top:503px;">Net operating income/(loss) </div><div id="a3430" style="position:absolute;font-weight:bold;left:595.427px;top:503px;">(2,434) </div><div id="a3432" style="position:absolute;left:653.053px;top:503px;">7,783 </div><div id="a3434" style="position:absolute;left:719.333px;top:503px;">N/A </div><div id="a3445" style="position:absolute;font-weight:bold;left:77.152px;top:558.4px;">(201) </div><div id="a3447" style="position:absolute;left:131.264px;top:558.4px;">(248) </div><div id="a3449" style="position:absolute;left:188.547px;top:558.4px;">340 </div><div id="a3451" style="position:absolute;left:246.173px;top:558.4px;">N/A </div><div id="a3454" style="position:absolute;left:281.693px;top:558.4px;">Net financial items </div><div id="a3456" style="position:absolute;font-weight:bold;left:604.387px;top:558.4px;">(426) </div><div id="a3458" style="position:absolute;left:661.693px;top:558.4px;">489 </div><div id="a3460" style="position:absolute;left:719.333px;top:558.4px;">N/A </div><div id="a3471" style="position:absolute;font-weight:bold;left:68.192px;top:592px;">(2,220) </div><div id="a3473" style="position:absolute;left:131.264px;top:592px;">(720) </div><div id="a3475" style="position:absolute;left:185.347px;top:592px;">(129) </div><div id="a3477" style="position:absolute;left:223.453px;top:592px;">&gt;(100%) </div><div id="a3480" style="position:absolute;left:281.693px;top:592px;">Income before tax </div><div id="a3482" style="position:absolute;font-weight:bold;left:595.427px;top:592px;">(2,859) </div><div id="a3484" style="position:absolute;left:653.053px;top:592px;">8,272 </div><div id="a3486" style="position:absolute;left:719.333px;top:592px;">N/A </div><div id="a3497" style="position:absolute;font-weight:bold;left:86.432px;top:625.6px;">95 </div><div id="a3499" style="position:absolute;left:134.467px;top:625.6px;">469 </div><div id="a3501" style="position:absolute;left:185.347px;top:625.6px;">(978) </div><div id="a3503" style="position:absolute;left:223.453px;top:625.6px;">&gt;(100%) </div><div id="a3506" style="position:absolute;left:281.693px;top:625.6px;">Income tax </div><div id="a3508" style="position:absolute;font-weight:bold;left:604.387px;top:625.6px;">(221) </div><div id="a3510" style="position:absolute;left:649.533px;top:625.6px;">(6,191) </div><div id="a3512" style="position:absolute;left:708.733px;top:625.6px;">(96%) </div><div id="a3523" style="position:absolute;font-weight:bold;left:68.192px;top:659.3px;">(2,124) </div><div id="a3525" style="position:absolute;left:131.264px;top:659.3px;">(251) </div><div id="a3527" style="position:absolute;left:176.387px;top:659.3px;">(1,107) </div><div id="a3529" style="position:absolute;left:235.613px;top:659.3px;">(92%) </div><div id="a3532" style="position:absolute;left:281.693px;top:659.3px;">Net income/(loss) </div><div id="a3534" style="position:absolute;font-weight:bold;left:595.427px;top:659.3px;">(3,080) </div><div id="a3536" style="position:absolute;left:653.053px;top:659.3px;">2,081 </div><div id="a3538" style="position:absolute;left:719.333px;top:659.3px;">N/A </div><div id="a3540" style="position:absolute;font-size:14.72px;left:60.512px;top:686.5px;">&#160;</div><div id="a3541" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:716.6px;">Net operating income</div><div id="a3546" style="position:absolute;font-size:11.2px;left:176.067px;top:716.6px;"><div style="display:inline-block;width:3.2px">&#160;</div>was negative USD 2,019<div style="display:inline-block;width:5.12px">&#160;</div>million in the third quarter<div style="display:inline-block;width:4.84px">&#160;</div>of 2020, compared to<div style="display:inline-block;width:4.62px">&#160;</div>negative USD 469 million in<div 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The<div style="display:inline-block;width:4.47px">&#160;</div>decrease was mainly<div style="display:inline-block;width:4.57px">&#160;</div>due to lower liquids and<div style="display:inline-block;width:4.63px">&#160;</div>gas prices in addition<div style="display:inline-block;width:4.57px">&#160;</div>to net impairments</div><div id="a3625" style="position:absolute;font-size:7.36px;left:600.547px;top:731.3px;">4</div><div id="a3626" style="position:absolute;font-size:11.2px;left:604.707px;top:731.9px;"><div style="display:inline-block;width:3.2px">&#160;</div>primarily related to </div><div id="a3633" style="position:absolute;font-size:11.2px;left:60.512px;top:747.3px;">reduced price assumptions</div><div id="a3638" style="position:absolute;font-size:7.36px;left:195.907px;top:746.7px;">5</div><div id="a3639" style="position:absolute;font-size:11.2px;left:200.067px;top:747.3px;"><div style="display:inline-block;width:3.2px">&#160;</div>and negative reserve<div style="display:inline-block;width:4.59px">&#160;</div>updates. 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The<div style="display:inline-block;width:4.47px">&#160;</div>decrease was mainly<div style="display:inline-block;width:4.57px">&#160;</div>due to lower average<div style="display:inline-block;width:4.27px">&#160;</div>prices for liquids<div style="display:inline-block;width:4.23px">&#160;</div>and gas. </div><div id="a3982" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:946.7px;">Purchases [net of inventory variation]</div><div id="a3991" style="position:absolute;font-size:11.2px;left:263.773px;top:946.7px;"><div style="display:inline-block;width:3.2px">&#160;</div>[6] were USD 5,307<div style="display:inline-block;width:4.7px">&#160;</div>million in the third quarter<div style="display:inline-block;width:4.54px">&#160;</div>of 2020, compared to<div style="display:inline-block;width:4.59px">&#160;</div>USD 7,667 million in the </div><div id="a4028" style="position:absolute;font-size:11.2px;left:60.512px;top:962.1px;">third quarter of 2019.<div style="display:inline-block;width:4.86px">&#160;</div>The decrease was mainly<div style="display:inline-block;width:4.6px">&#160;</div>due to lower average prices<div style="display:inline-block;width:4.84px">&#160;</div>for liquids and gas. </div><div id="a4063" style="position:absolute;font-size:6.72px;left:60.512px;top:1022.3px;">4</div><div id="a4064" style="position:absolute;left:64.352px;top:1022.9px;"><div style="display:inline-block;width:2.88px">&#160;</div>For more information, see note 2<div style="display:inline-block;width:4.31px">&#160;</div>Segments to the Condensed<div style="display:inline-block;width:4.43px">&#160;</div>interim financial statements. </div><div id="a4091" style="position:absolute;font-size:6.72px;left:60.512px;top:1034.4px;">5</div><div id="a4092" style="position:absolute;left:64.352px;top:1035px;"><div style="display:inline-block;width:2.88px">&#160;</div>For more information, see note 6<div style="display:inline-block;width:4.31px">&#160;</div>Property, plant<div style="display:inline-block;width:4.79px">&#160;</div>and equiptment and intangible assets<div style="display:inline-block;width:4.62px">&#160;</div>to the Condensed interim financial<div style="display:inline-block;width:4.56px">&#160;</div>statements. </div></div>
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<div id="a4131" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a4132" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a5804" style="position:absolute;font-family:Calibri;font-size:14.72px;left:252.573px;top:1017px;">&#160;</div><div id="a4133" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:96.3px;">Operating and administrative<div style="display:inline-block;width:5.09px">&#160;</div>expenses </div><div id="a4141" style="position:absolute;font-size:11.2px;left:275.613px;top:96.3px;">were USD 2,368 million in<div style="display:inline-block;width:4.65px">&#160;</div>the third quarter of 2020,<div style="display:inline-block;width:4.41px">&#160;</div>compared to USD 2,922<div style="display:inline-block;width:4.71px">&#160;</div>million in the </div><div id="a4176" style="position:absolute;font-size:11.2px;left:60.512px;top:111.6px;">third quarter of 2019.<div style="display:inline-block;width:4.86px">&#160;</div>The decrease was mainly<div style="display:inline-block;width:4.6px">&#160;</div>due to lower activity level<div style="display:inline-block;width:4.48px">&#160;</div>as a result of the Covid<div style="display:inline-block;width:1.68px">&#160;</div>-19 pandemic and the divest<div style="display:inline-block;width:1.72px">&#160;</div>ment of </div><div id="a4227" style="position:absolute;font-size:11.2px;left:60.512px;top:127px;">the Eagle Ford asset<div style="display:inline-block;width:4.53px">&#160;</div>in the fourth quarter of<div style="display:inline-block;width:4.71px">&#160;</div>2019. Lower royalties and<div style="display:inline-block;width:4.61px">&#160;</div>production fees added<div style="display:inline-block;width:4.71px">&#160;</div>to the decrease. 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<div id="Page6" style="background-color:RGB(256, 256, 256);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:794px;height:1123px;white-space:pre-wrap">
<div style="position:absolute; width:673.2px; height:1px; left:60.5px; top:1027.2px; background-color:#000000;">&#160;</div>
<div id="a5833" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a5834" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a7715" style="position:absolute;font-family:Calibri;font-size:14.72px;left:733.733px;top:1017px;">&#160;</div><div id="a5835" style="position:absolute;left:60.512px;top:96.9px;">In the first nine months of 2020, net<div style="display:inline-block;width:4.44px">&#160;</div>operating income was negatively<div style="display:inline-block;width:4.62px">&#160;</div>impacted mainly by net impairments<div style="display:inline-block;width:4.75px">&#160;</div>of USD 5,752 million and provisions </div><div id="a5882" style="position:absolute;left:60.512px;top:112.2px;">of USD 290 million. </div><div id="a5890" style="position:absolute;font-family:Calibri;font-size:14.72px;left:154.947px;top:107.9px;">&#160;</div><div id="a5891" style="position:absolute;left:60.512px;top:142.9px;">In the first nine months of 2019, net<div style="display:inline-block;width:4.44px">&#160;</div>operating income was negatively<div style="display:inline-block;width:4.62px">&#160;</div>affected mainly by net impairments<div style="display:inline-block;width:4.77px">&#160;</div>of USD 2,678 million, provisions<div style="display:inline-block;width:4.6px">&#160;</div>of </div><div id="a5937" style="position:absolute;left:60.512px;top:158.3px;">USD 557 million and positively impacted<div style="display:inline-block;width:4.61px">&#160;</div>by net gain of sale of assets<div style="display:inline-block;width:4.52px">&#160;</div>of USD 999 million and changes<div style="display:inline-block;width:4.37px">&#160;</div>in the fair value of derivatives<div style="display:inline-block;width:4.42px">&#160;</div>and </div><div id="a5989" style="position:absolute;left:60.512px;top:173.7px;">inventory hedge contracts of USD<div style="display:inline-block;width:4.41px">&#160;</div>267 million. </div><div id="a6003" style="position:absolute;font-family:Calibri;font-size:14.72px;left:279.773px;top:169.4px;">&#160;</div><div id="a6004" style="position:absolute;font-weight:bold;left:60.512px;top:204.4px;">Total revenues and<div style="display:inline-block;width:4.42px">&#160;</div>other income </div><div id="a6014" style="position:absolute;left:230.493px;top:204.4px;">were USD 34,073 million in the first<div style="display:inline-block;width:4.65px">&#160;</div>nine months of 2020 compared<div style="display:inline-block;width:4.24px">&#160;</div>to USD 49,189 million in the first<div style="display:inline-block;width:4.71px">&#160;</div>nine </div><div id="a6056" style="position:absolute;left:60.512px;top:219.8px;">months of 2019. 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The<div style="display:inline-block;width:4.5px">&#160;</div>decrease was mainly<div style="display:inline-block;width:4.57px">&#160;</div>due to the negative changes<div style="display:inline-block;width:4.93px">&#160;</div>in net operating income<div style="display:inline-block;width:4.56px">&#160;</div>as discussed above in addition<div style="display:inline-block;width:4.96px">&#160;</div>to </div><div id="a7255" style="position:absolute;font-size:11.2px;left:60.512px;top:746.7px;">negative changes in<div style="display:inline-block;width:4.72px">&#160;</div>net financial items, partially<div style="display:inline-block;width:4.49px">&#160;</div>offset lower income<div style="display:inline-block;width:4.54px">&#160;</div>tax.</div><div id="a7276" style="position:absolute;font-family:Calibri;font-size:11.2px;left:422.88px;top:746.3px;">&#160;</div><div id="a7277" style="position:absolute;font-weight:bold;left:60.512px;top:776.7px;">Cash flows provided by operating<div style="display:inline-block;width:4.57px">&#160;</div>activities</div><div id="a7288" style="position:absolute;left:280.093px;top:776.7px;"><div style="display:inline-block;width:3.2px">&#160;</div>decreased by USD 3,932 million<div style="display:inline-block;width:4.42px">&#160;</div>compared to the first nine months<div style="display:inline-block;width:4.63px">&#160;</div>of 2019. 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<div id="a7756" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a7757" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a8494" style="position:absolute;font-family:Calibri;font-size:14.72px;left:252.573px;top:1016.4px;">&#160;</div><div id="a7758" style="position:absolute;left:60.512px;top:96.5px;">first nine months of 2019. 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style="position:absolute;font-family:Calibri;font-size:14.72px;left:382.56px;top:121.7px;">&#160;</div><div id="a7867" style="position:absolute;font-size:21.44px;font-weight:bold;left:60.512px;top:155px;">OUTLOOK </div><div id="a7869" style="position:absolute;font-size:37.44px;font-weight:bold;left:173.187px;top:140.2px;">&#160;</div><div id="a7870" style="position:absolute;font-family:Times New Roman;font-size:11.2px;left:60.512px;top:187.6px;">&#9679;</div><div id="a7871" style="position:absolute;font-size:11.2px;left:65.632px;top:187.5px;">&#160;</div><div id="a7872" style="position:absolute;font-size:11.2px;font-weight:bold;left:84.512px;top:187.5px;">Organic capital expenditures</div><div id="a7877" style="position:absolute;font-size:11.2px;left:240.093px;top:187.5px;"><div style="display:inline-block;width:3.2px">&#160;</div>[5] are estimated<div style="display:inline-block;width:4.3px">&#160;</div>at around USD 8.5<div 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<div id="a8509" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a8510" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a8511" style="position:absolute;font-size:21.44px;font-weight:bold;left:60.512px;top:96.1px;">EXPLORATION &amp; PRODUCTION NORWAY </div><div id="a8519" style="position:absolute;font-size:14.72px;left:60.512px;top:122.1px;">&#160;</div><div id="a8520" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:161.2px;">Third quarter 2020 review </div><div id="a8528" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:184.9px;">&#160;</div><div id="a8529" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:200.3px;">Average daily production<div style="display:inline-block;width:4.9px">&#160;</div>of liquids and gas</div><div id="a8542" style="position:absolute;font-size:11.2px;left:295.813px;top:200.3px;"><div style="display:inline-block;width:3.2px">&#160;</div>increased by 19% to<div style="display:inline-block;width:4.78px">&#160;</div>1,273 mboe per day<div style="display:inline-block;width:4.4px">&#160;</div>in the third quarter of 2020,<div style="display:inline-block;width:4.78px">&#160;</div>compared to<div style="display:inline-block;width:4.02px">&#160;</div></div><div id="a8578" style="position:absolute;font-size:11.2px;left:60.512px;top:215.7px;">1,067 mboe per day<div style="display:inline-block;width:4.73px">&#160;</div>in the third quarter of 2019.<div style="display:inline-block;width:4.78px">&#160;</div>The increase was mainly<div style="display:inline-block;width:4.46px">&#160;</div>due to ramp-up of new fields. </div><div id="a8621" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:244.8px;">Net operating income</div><div id="a8626" style="position:absolute;font-size:11.2px;left:176.067px;top:244.8px;"><div style="display:inline-block;width:3.2px">&#160;</div>was USD 431 million<div style="display:inline-block;width:4.86px">&#160;</div>in the third quarter of<div style="display:inline-block;width:4.56px">&#160;</div>2020 compared to USD 2,<div style="display:inline-block;width:1.41px">&#160;</div>558 million in the thir<div style="display:inline-block;width:1.35px">&#160;</div>d<div style="display:inline-block;width:3.37px">&#160;</div>quarter of 2019. </div><div id="a8671" style="position:absolute;font-size:11.2px;left:60.512px;top:259.8px;">The decrease was mainly<div style="display:inline-block;width:4.88px">&#160;</div>due to lower liquids price<div style="display:inline-block;width:4.8px">&#160;</div>and gas transfer price in<div style="display:inline-block;width:4.67px">&#160;</div>addition to impairments.<div style="display:inline-block;width:4.69px">&#160;</div>Higher volumes partially offset </div><div id="a8713" style="position:absolute;font-size:11.2px;left:60.512px;top:274.9px;">the decrease.</div><div id="a8716" style="position:absolute;font-size:16px;left:129.344px;top:270.4px;">&#160;</div><div id="a8717" style="position:absolute;font-size:11.2px;left:60.512px;top:303.1px;">In the third quarter of<div style="display:inline-block;width:4.54px">&#160;</div>2020, net operating income<div style="display:inline-block;width:5.13px">&#160;</div>was negatively impacted<div style="display:inline-block;width:4.41px">&#160;</div>by impairments of USD 360<div style="display:inline-block;width:4.88px">&#160;</div>million, partially offset<div style="display:inline-block;width:4.53px">&#160;</div>by </div><div id="a8760" style="position:absolute;font-size:11.2px;left:60.512px;top:318.1px;">overlifted volumes of<div style="display:inline-block;width:4.84px">&#160;</div>USD 23 million. 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style="position:absolute;font-weight:bold;left:598.947px;top:757.8px;">8,018 </div><div id="a9174" style="position:absolute;left:646.973px;top:757.8px;">13,876 </div><div id="a9176" style="position:absolute;left:708.733px;top:757.8px;">(42%) </div><div id="a9187" style="position:absolute;font-weight:bold;left:77.152px;top:813.5px;">(735) </div><div id="a9189" style="position:absolute;left:131.264px;top:813.5px;">(706) </div><div id="a9191" style="position:absolute;left:185.347px;top:813.5px;">(817) </div><div id="a9193" style="position:absolute;left:235.613px;top:813.5px;">(10%) </div><div id="a9196" style="position:absolute;left:281.693px;top:813.5px;">Operating and administrative expenses </div><div id="a9198" style="position:absolute;font-weight:bold;left:595.427px;top:813.5px;">(2,076) </div><div id="a9200" style="position:absolute;left:649.533px;top:813.5px;">(2,441) </div><div id="a9202" style="position:absolute;left:708.733px;top:813.5px;">(15%) </div><div id="a9204" style="position:absolute;font-weight:bold;left:68.192px;top:841.1px;">(1,486) </div><div id="a9206" style="position:absolute;left:131.264px;top:841.1px;">(992) </div><div id="a9208" style="position:absolute;left:185.347px;top:841.1px;">(981) </div><div id="a9210" style="position:absolute;left:242.653px;top:841.1px;">51% </div><div id="a9213" style="position:absolute;left:281.693px;top:841.1px;">Depreciation, amortisation and net<div style="display:inline-block;width:4.28px">&#160;</div>impairment losses </div><div id="a9215" style="position:absolute;font-weight:bold;left:595.427px;top:841.1px;">(4,318) </div><div id="a9217" style="position:absolute;left:649.533px;top:841.1px;">(2,945) </div><div id="a9219" style="position:absolute;left:715.813px;top:841.1px;">47% </div><div id="a9221" style="position:absolute;font-weight:bold;left:77.152px;top:868.3px;">(170) </div><div id="a9223" style="position:absolute;left:137.347px;top:868.3px;">(65) </div><div id="a9225" style="position:absolute;left:185.347px;top:868.3px;">(142) </div><div id="a9227" style="position:absolute;left:242.653px;top:868.3px;">20% </div><div id="a9230" style="position:absolute;left:281.693px;top:868.3px;">Exploration expenses </div><div id="a9232" style="position:absolute;font-weight:bold;left:604.387px;top:868.3px;">(330) </div><div id="a9234" style="position:absolute;left:658.493px;top:868.3px;">(335) </div><div id="a9236" style="position:absolute;left:714.853px;top:868.3px;">(2%) </div><div id="a9247" style="position:absolute;font-weight:bold;left:80.352px;top:924px;">431 </div><div id="a9249" style="position:absolute;left:131.264px;top:924px;">(104) </div><div id="a9251" style="position:absolute;left:179.907px;top:924px;">2,558 </div><div id="a9253" style="position:absolute;left:235.613px;top:924px;">(83%) </div><div id="a9256" style="position:absolute;left:281.693px;top:924px;">Net operating income/(loss) </div><div id="a9258" style="position:absolute;font-weight:bold;left:598.947px;top:924px;">1,294 </div><div id="a9260" style="position:absolute;left:653.053px;top:924px;">8,155 </div><div id="a9262" style="position:absolute;left:708.733px;top:924px;">(84%) </div><div id="a9264" style="position:absolute;font-size:14.72px;left:60.512px;top:949.9px;">&#160;</div><div id="a9265" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:988.9px;">First nine months 2020 </div></div>
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<div id="Page9" style="background-color:RGB(256, 256, 256);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:794px;height:1123px;white-space:pre-wrap">
<div id="a9273" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a9274" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a9275" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:95.9px;">Net operating income</div><div id="a9280" style="position:absolute;font-size:11.2px;left:176.067px;top:95.9px;"><div style="display:inline-block;width:3.2px">&#160;</div>for E&amp;P Norway was USD<div style="display:inline-block;width:4.69px">&#160;</div>1,294 million<div style="display:inline-block;width:4.67px">&#160;</div>in the first nine months of<div style="display:inline-block;width:4.5px">&#160;</div>2020 compared to USD 8<div style="display:inline-block;width:1.36px">&#160;</div>,155 million in the </div><div id="a9326" style="position:absolute;font-size:11.2px;left:60.512px;top:110.7px;">first nine months<div style="display:inline-block;width:4.27px">&#160;</div>of 2019. The decrease<div style="display:inline-block;width:4.75px">&#160;</div>was mainly due to lower<div style="display:inline-block;width:4.39px">&#160;</div>liquids price and gas<div style="display:inline-block;width:4.8px">&#160;</div>transfer price in addition to<div style="display:inline-block;width:4.72px">&#160;</div>impairments in the </div><div id="a9374" style="position:absolute;font-size:11.2px;left:60.512px;top:125.4px;">first nine months<div style="display:inline-block;width:4.27px">&#160;</div>of 2020. Higher liquids<div style="display:inline-block;width:4.74px">&#160;</div>volumes partially offset<div style="display:inline-block;width:4.75px">&#160;</div>the decrease. </div><div id="a9399" style="position:absolute;font-size:11.2px;left:60.512px;top:154.8px;">In the first nine months<div style="display:inline-block;width:4.81px">&#160;</div>of 2020,<div style="display:inline-block;width:3.71px">&#160;</div>net operating income was<div style="display:inline-block;width:4.57px">&#160;</div>negatively impacted by<div style="display:inline-block;width:4.52px">&#160;</div>impairments of USD 1,219<div style="display:inline-block;width:5.02px">&#160;</div>million and underlifted </div><div id="a9442" style="position:absolute;font-size:11.2px;left:60.512px;top:169.3px;">volumes of USD 26 million<div style="display:inline-block;width:1.82px">&#160;</div>.<div style="display:inline-block;width:3.29px">&#160;</div>In the first nine months of<div 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<div style="position:absolute; width:682.2px; height:1px; left:58px; top:774.6px; background-color:#000000;">&#160;</div>
<div id="a9887" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a9888" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a9889" style="position:absolute;font-size:21.44px;font-weight:bold;left:60.512px;top:96.1px;">EXPLORATION &amp; PRODUCTION INTERNATIONAL </div><div id="a9897" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:122px;">&#160;</div><div id="a9898" style="position:absolute;font-size:11.2px;left:60.512px;top:156.4px;">In the second quarter<div style="display:inline-block;width:4.59px">&#160;</div>of 2020, Equinor changed<div style="display:inline-block;width:4.91px">&#160;</div>its internal reporting to management,<div style="display:inline-block;width:5.48px">&#160;</div>impacting the composition<div style="display:inline-block;width:4.63px">&#160;</div>of Equinor&apos;s </div><div id="a9934" style="position:absolute;font-size:11.2px;left:60.512px;top:171.8px;">operating and reporting<div style="display:inline-block;width:4.54px">&#160;</div>segments. 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id="a10863" style="position:absolute;left:60.512px;top:760.7px;">&#160;</div><div id="a10864" style="position:absolute;font-size:8px;font-weight:bold;left:118.752px;top:775.6px;">Quarters </div><div id="a10866" style="position:absolute;font-size:8px;font-weight:bold;left:234.653px;top:775.6px;">Change </div><div id="a10869" style="position:absolute;font-size:8px;font-weight:bold;left:281.693px;top:775.6px;">Income statement under IFRS </div><div id="a10871" style="position:absolute;font-size:8px;font-weight:bold;left:616.227px;top:775.6px;">First nine months </div><div id="a10874" style="position:absolute;font-size:8px;font-weight:bold;left:71.392px;top:799.6px;">Q3 2020 </div><div id="a10876" style="position:absolute;font-size:8px;font-weight:bold;left:125.472px;top:799.6px;">Q2 2020 </div><div id="a10878" style="position:absolute;font-size:8px;font-weight:bold;left:179.587px;top:799.6px;">Q3 2019 </div><div id="a10880" 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<div id="a11020" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a11021" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a11022" style="position:absolute;font-size:14.72px;left:60.512px;top:92.7px;">&#160;</div><div id="a11023" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:131.7px;">First nine months 2020 </div><div id="a11031" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:167px;">Net operating income</div><div id="a11036" style="position:absolute;font-size:11.2px;left:176.067px;top:167px;"><div style="display:inline-block;width:3.2px">&#160;</div>for E&amp;P International<div style="display:inline-block;width:4.84px">&#160;</div>was negative USD 2,189<div style="display:inline-block;width:4.8px">&#160;</div>million in the first nine<div style="display:inline-block;width:4.66px">&#160;</div>months of 2020, compared<div style="display:inline-block;width:4.75px">&#160;</div>to positive </div><div id="a11074" style="position:absolute;font-size:11.2px;left:60.512px;top:182.4px;">USD 1,418 million in<div style="display:inline-block;width:4.49px">&#160;</div>the first nine months of<div style="display:inline-block;width:4.49px">&#160;</div>2019. 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style="position:absolute;font-size:14.72px;left:683.773px;top:261.7px;">&#160;</div><div id="a11266" style="position:absolute;font-size:11.2px;font-style:italic;left:60.512px;top:290.9px;">Total<div style="display:inline-block;width:4.61px">&#160;</div>revenues and other<div style="display:inline-block;width:4.32px">&#160;</div>income</div><div id="a11275" style="position:absolute;font-size:11.2px;left:226.653px;top:290.9px;"><div style="display:inline-block;width:2.88px">&#160;</div>decreased mainly due<div style="display:inline-block;width:4.7px">&#160;</div>to lower liquids and gas<div style="display:inline-block;width:4.61px">&#160;</div>prices.<div style="display:inline-block;width:3.17px">&#160;</div></div><div id="a11295" style="position:absolute;font-size:11.2px;font-style:italic;left:60.512px;top:320px;">Operating and administrative<div style="display:inline-block;width:5.01px">&#160;</div>expenses </div><div id="a11303" 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<div id="a11486" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a11487" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a11488" style="position:absolute;font-size:21.44px;font-weight:bold;left:60.512px;top:96.1px;">EXPLORATION &amp; PRODUCTION USA </div><div id="a11496" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:122px;">&#160;</div><div id="a11497" style="position:absolute;font-size:11.2px;left:60.512px;top:156.4px;">In the second quarter<div style="display:inline-block;width:4.59px">&#160;</div>of 2020, Equinor changed<div style="display:inline-block;width:4.91px">&#160;</div>its internal reporting to management,<div style="display:inline-block;width:5.48px">&#160;</div>impacting the composition<div style="display:inline-block;width:4.63px">&#160;</div>of Equinor&apos;s </div><div id="a11533" style="position:absolute;font-size:11.2px;left:60.512px;top:171.8px;">operating and reporting<div style="display:inline-block;width:4.54px">&#160;</div>segments. 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style="position:absolute;font-weight:bold;left:595.427px;top:901.9px;">(1,008) </div><div id="a12590" style="position:absolute;left:649.533px;top:901.9px;">(1,226) </div><div id="a12592" style="position:absolute;left:708.733px;top:901.9px;">(18%) </div><div id="a12594" style="position:absolute;font-weight:bold;left:68.192px;top:929.4px;">(1,460) </div><div id="a12596" style="position:absolute;left:131.264px;top:929.4px;">(475) </div><div id="a12598" style="position:absolute;left:176.387px;top:929.4px;">(2,529) </div><div id="a12600" style="position:absolute;left:235.613px;top:929.4px;">(42%) </div><div id="a12603" style="position:absolute;left:281.693px;top:929.4px;">Depreciation, amortisation and net<div style="display:inline-block;width:4.28px">&#160;</div>impairment losses </div><div id="a12605" style="position:absolute;font-weight:bold;left:595.427px;top:929.4px;">(3,171) </div><div id="a12607" style="position:absolute;left:649.533px;top:929.4px;">(3,558) </div><div id="a12609" style="position:absolute;left:708.733px;top:929.4px;">(11%) </div><div id="a12611" style="position:absolute;font-weight:bold;left:77.152px;top:946.4px;">(413) </div><div id="a12613" style="position:absolute;left:137.347px;top:946.4px;">(40) </div><div id="a12615" style="position:absolute;left:185.347px;top:946.4px;">(629) </div><div id="a12617" style="position:absolute;left:235.613px;top:946.4px;">(34%) </div><div id="a12620" style="position:absolute;left:281.693px;top:946.4px;">Exploration expenses </div><div id="a12622" style="position:absolute;font-weight:bold;left:604.387px;top:946.4px;">(745) </div><div id="a12624" style="position:absolute;left:658.493px;top:946.4px;">(672) </div><div id="a12626" style="position:absolute;left:715.813px;top:946.4px;">11% </div><div id="a12637" style="position:absolute;font-weight:bold;left:68.192px;top:991.2px;">(1,606) </div><div id="a12639" style="position:absolute;left:131.264px;top:991.2px;">(332) </div><div id="a12641" style="position:absolute;left:176.387px;top:991.2px;">(2,587) </div><div id="a12643" style="position:absolute;left:242.653px;top:991.2px;">38% </div><div id="a12646" style="position:absolute;left:281.693px;top:991.2px;">Net operating income/(loss) </div><div id="a12648" style="position:absolute;font-weight:bold;left:595.427px;top:991.2px;">(2,953) </div><div id="a12650" style="position:absolute;left:649.533px;top:991.2px;">(2,278) </div><div id="a12652" style="position:absolute;left:708.733px;top:991.2px;">(30%) </div><div id="a12654" style="position:absolute;font-size:14.72px;left:60.512px;top:1017.1px;">&#160;</div></div>
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<div id="Page13" style="background-color:RGB(256, 256, 256);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:794px;height:1123px;white-space:pre-wrap">
<div id="a12655" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a12656" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a12657" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:102.3px;">First nine months 2020 </div><div id="a12665" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:137.2px;">Net operating income</div><div id="a12670" style="position:absolute;font-size:11.2px;left:176.067px;top:137.2px;"><div style="display:inline-block;width:3.2px">&#160;</div>for E&amp;P USA was negative<div style="display:inline-block;width:5.41px">&#160;</div>USD 2,953 million in the first<div style="display:inline-block;width:4.67px">&#160;</div>nine months of 2020 compared<div style="display:inline-block;width:4.99px">&#160;</div>to negative USD </div><div id="a12709" style="position:absolute;font-size:11.2px;left:60.512px;top:151.9px;">2,278 million in the<div style="display:inline-block;width:4.56px">&#160;</div>first nine months of 2019.<div style="display:inline-block;width:4.83px">&#160;</div>The decrease was mainly<div style="display:inline-block;width:4.6px">&#160;</div>due to higher net impairments<div style="display:inline-block;width:4.86px">&#160;</div>in the first nine months<div style="display:inline-block;width:4.47px">&#160;</div>of 2020 </div><div id="a12759" style="position:absolute;font-size:11.2px;left:60.512px;top:166.7px;">in addition to lower<div style="display:inline-block;width:4.56px">&#160;</div>liquids and gas prices. 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style="display:inline-block;width:4.97px">&#160;</div>and net impairment losses</div><div id="a13044" style="position:absolute;font-size:11.2px;left:327.813px;top:374.1px;"><div style="display:inline-block;width:3.2px">&#160;</div>decreased mainly due<div style="display:inline-block;width:4.69px">&#160;</div>to lower net impairments,<div style="display:inline-block;width:4.55px">&#160;</div>lower depreciation basis </div><div id="a13066" style="position:absolute;font-size:11.2px;left:60.512px;top:388.8px;">resulting from impai<div style="display:inline-block;width:1.51px">&#160;</div>rments in previous periods<div style="display:inline-block;width:4.72px">&#160;</div>and higher proved reserves<div style="display:inline-block;width:4.8px">&#160;</div>estimates in US offshore.<div style="display:inline-block;width:5.07px">&#160;</div>Increased investments and </div><div id="a13101" style="position:absolute;font-size:11.2px;left:60.512px;top:403.5px;">acquired interest<div 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<div id="a13183" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a13184" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a13185" style="position:absolute;font-size:21.44px;font-weight:bold;left:60.512px;top:96.1px;">MARKETING, MIDSTREAM &amp;<div style="display:inline-block;width:4.7px">&#160;</div>PROCESSING </div><div id="a13193" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:123.9px;">&#160;</div><div id="a13194" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:149.7px;">Third quarter 2020 review </div><div id="a13202" style="position:absolute;font-size:11.2px;left:60.512px;top:173.1px;">&#160;</div><div id="a13203" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:188.5px;">Natural gas sales<div style="display:inline-block;width:4.54px">&#160;</div>volumes </div><div id="a13211" style="position:absolute;font-size:11.2px;left:205.827px;top:188.5px;">amounted to 14.1<div style="display:inline-block;width:4.73px">&#160;</div>billion standard cubic<div style="display:inline-block;width:4.55px">&#160;</div>meters (bcm) in the third quarter<div style="display:inline-block;width:4.9px">&#160;</div>of 2020, an increase of<div style="display:inline-block;width:4.48px">&#160;</div>1.6 bcm </div><div id="a13249" style="position:absolute;font-size:11.2px;left:60.512px;top:203.5px;">compared to the<div style="display:inline-block;width:4.54px">&#160;</div>third quarter of 2019. 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style="display:inline-block;width:3.2px">&#160;</div>decreased mainly due to<div style="display:inline-block;width:4.44px">&#160;</div>decreased provisions<div style="display:inline-block;width:4.59px">&#160;</div>in the third quarter of 2020<div style="display:inline-block;width:4.69px">&#160;</div>compared to the </div><div id="a13811" style="position:absolute;font-size:11.2px;left:60.512px;top:504.4px;">third quarter of 2019<div style="display:inline-block;width:1.55px">&#160;</div>.<div style="display:inline-block;width:2.97px">&#160;</div></div><div id="a13822" style="position:absolute;font-size:11.2px;font-style:italic;left:60.512px;top:533.2px;">Depreciation, amortisation<div style="display:inline-block;width:4.97px">&#160;</div>and net impairment losses</div><div id="a13833" style="position:absolute;font-size:11.2px;left:327.813px;top:533.2px;"><div style="display:inline-block;width:3.2px">&#160;</div>decreased mainly due<div 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id="a13866" style="position:absolute;font-size:8px;font-weight:bold;left:129.344px;top:632.5px;">Q2 2020 </div><div id="a13868" style="position:absolute;font-size:8px;font-weight:bold;left:183.427px;top:632.5px;">Q3 2019 </div><div id="a13870" style="position:absolute;font-size:8px;font-weight:bold;left:232.733px;top:632.5px;">Q3 on Q3 </div><div id="a13873" style="position:absolute;font-size:8px;font-weight:bold;left:285.533px;top:632.5px;">(in USD million) </div><div id="a13875" style="position:absolute;font-size:8px;font-weight:bold;left:615.267px;top:632.5px;">2020 </div><div id="a13877" style="position:absolute;font-size:8px;font-weight:bold;left:669.373px;top:632.5px;">2019 </div><div id="a13879" style="position:absolute;font-size:8px;font-weight:bold;left:711.933px;top:632.5px;">Change </div><div id="a13890" style="position:absolute;font-weight:bold;left:69.472px;top:684.9px;">11,055 </div><div id="a13892" style="position:absolute;left:129.664px;top:684.9px;">7,486 </div><div id="a13894" style="position:absolute;left:177.667px;top:684.9px;">14,188 </div><div id="a13896" style="position:absolute;left:239.773px;top:684.9px;">(22%) </div><div id="a13899" style="position:absolute;left:285.533px;top:684.9px;">Total revenues<div style="display:inline-block;width:4.6px">&#160;</div>and other income </div><div id="a13901" style="position:absolute;font-weight:bold;left:596.707px;top:684.9px;">33,344 </div><div id="a13903" style="position:absolute;left:650.813px;top:684.9px;">46,481 </div><div id="a13905" style="position:absolute;left:712.893px;top:684.9px;">(28%) </div><div id="a13916" style="position:absolute;font-weight:bold;left:72.352px;top:740.2px;">(9,171) </div><div id="a13918" style="position:absolute;left:126.144px;top:740.2px;">(5,127) </div><div id="a13920" style="position:absolute;left:174.467px;top:740.2px;">(13,048) </div><div id="a13922" style="position:absolute;left:239.773px;top:740.2px;">(30%) </div><div id="a13925" style="position:absolute;left:285.533px;top:740.2px;">Purchases [net of inventory variation]<div style="display:inline-block;width:4.49px">&#160;</div>[6]<div style="display:inline-block;width:3.39px">&#160;</div></div><div id="a13927" style="position:absolute;font-weight:bold;left:593.507px;top:740.2px;">(27,799) </div><div id="a13929" style="position:absolute;left:647.613px;top:740.2px;">(41,581) </div><div id="a13931" style="position:absolute;left:712.893px;top:740.2px;">(33%) </div><div id="a13933" style="position:absolute;font-weight:bold;left:72.352px;top:767.8px;">(1,231) </div><div id="a13935" style="position:absolute;left:126.144px;top:767.8px;">(1,423) </div><div id="a13937" style="position:absolute;left:180.227px;top:767.8px;">(1,585) </div><div id="a13939" style="position:absolute;left:239.773px;top:767.8px;">(22%) </div><div id="a13942" style="position:absolute;left:285.533px;top:767.8px;">Operating and administrative expenses </div><div id="a13945" style="position:absolute;font-weight:bold;left:599.267px;top:767.8px;">(3,998) </div><div id="a13947" style="position:absolute;left:653.373px;top:767.8px;">(3,753) </div><div id="a13949" style="position:absolute;left:726.053px;top:767.8px;">7% </div><div id="a13951" style="position:absolute;font-weight:bold;left:81.312px;top:795.3px;">(102) </div><div id="a13953" style="position:absolute;left:135.107px;top:795.3px;">(326) </div><div id="a13955" style="position:absolute;left:189.187px;top:795.3px;">(311) </div><div id="a13957" style="position:absolute;left:239.773px;top:795.3px;">(67%) </div><div id="a13960" style="position:absolute;left:285.533px;top:795.3px;">Depreciation, amortisation and net<div style="display:inline-block;width:4.28px">&#160;</div>impairment losses </div><div id="a13962" style="position:absolute;font-weight:bold;left:608.227px;top:795.3px;">(709) </div><div id="a13964" style="position:absolute;left:662.333px;top:795.3px;">(504) </div><div id="a13966" style="position:absolute;left:719.973px;top:795.3px;">41% </div><div id="a13977" style="position:absolute;font-weight:bold;left:84.192px;top:850.7px;">551 </div><div id="a13979" style="position:absolute;left:138.307px;top:850.7px;">610 </div><div id="a13981" style="position:absolute;left:189.187px;top:850.7px;">(757) </div><div id="a13983" style="position:absolute;left:250.333px;top:850.7px;">N/A </div><div id="a13986" style="position:absolute;left:285.533px;top:850.7px;">Net operating income/(loss) </div><div id="a13988" style="position:absolute;font-weight:bold;left:611.427px;top:850.7px;">839 </div><div id="a13990" style="position:absolute;left:665.533px;top:850.7px;">644 </div><div id="a13992" style="position:absolute;left:719.973px;top:850.7px;">30% </div><div id="a13994" style="position:absolute;font-size:14.72px;left:60.512px;top:876.6px;">&#160;</div><div id="a13995" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:915.6px;">First nine months 2020 </div><div id="a14003" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:950.9px;">Net operating income</div><div id="a14008" style="position:absolute;font-size:11.2px;left:176.067px;top:950.9px;"><div style="display:inline-block;width:3.2px">&#160;</div>for MMP was USD 839<div style="display:inline-block;width:4.89px">&#160;</div>million in the first nine<div style="display:inline-block;width:4.66px">&#160;</div>months of 2020 compared<div style="display:inline-block;width:4.62px">&#160;</div>to USD 644 million in<div style="display:inline-block;width:4.29px">&#160;</div>the first nine </div><div id="a14053" style="position:absolute;font-size:11.2px;left:60.512px;top:966.3px;">months of 2019. The<div style="display:inline-block;width:4.82px">&#160;</div>increase was mainly due to<div style="display:inline-block;width:4.5px">&#160;</div>strong results from liquids<div style="display:inline-block;width:4.9px">&#160;</div>trading and price review<div style="display:inline-block;width:4.68px">&#160;</div>settlement in addition<div style="display:inline-block;width:4.26px">&#160;</div>to lower </div><div id="a14097" style="position:absolute;font-size:11.2px;left:60.512px;top:981.6px;">provisions of USD 246<div style="display:inline-block;width:4.76px">&#160;</div>million in the first nine months<div style="display:inline-block;width:4.86px">&#160;</div>of 2020 compared to USD 510<div style="display:inline-block;width:4.92px">&#160;</div>million in the first nine<div style="display:inline-block;width:4.67px">&#160;</div>months of 2019. 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<div id="a14190" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a14191" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a14192" style="position:absolute;font-size:11.2px;font-style:italic;left:60.512px;top:95.9px;">Total<div style="display:inline-block;width:4.61px">&#160;</div>revenues and other<div style="display:inline-block;width:4.32px">&#160;</div>income</div><div id="a14201" style="position:absolute;font-size:11.2px;left:226.653px;top:95.9px;"><div style="display:inline-block;width:2.88px">&#160;</div>and Purchases [net<div style="display:inline-block;width:4.33px">&#160;</div>of inventory variation]<div style="display:inline-block;width:4.61px">&#160;</div>decreased mainly due to<div style="display:inline-block;width:4.76px">&#160;</div>lower refining margins and<div style="display:inline-block;width:4.67px">&#160;</div>lower </div><div id="a14233" style="position:absolute;font-size:11.2px;left:60.512px;top:110.7px;">prices for all products<div style="display:inline-block;width:1.43px">&#160;</div>,<div style="display:inline-block;width:3.29px">&#160;</div>partially offset by increased<div style="display:inline-block;width:5.04px">&#160;</div>results from gas and liquids<div style="display:inline-block;width:4.82px">&#160;</div>trading in addition to settlement<div style="display:inline-block;width:5.06px">&#160;</div>of price revisions.<div style="display:inline-block;width:4.08px">&#160;</div></div><div id="a14277" style="position:absolute;font-size:11.2px;font-style:italic;left:60.512px;top:140.1px;">Operating and administrative<div style="display:inline-block;width:5.01px">&#160;</div>expenses</div><div id="a14284" style="position:absolute;font-size:11.2px;left:257.373px;top:140.1px;"><div style="display:inline-block;width:3.2px">&#160;</div>increased mainly due to<div style="display:inline-block;width:4.34px">&#160;</div>higher transportation<div style="display:inline-block;width:4.5px">&#160;</div>cost for liquid volumes. </div><div id="a14305" style="position:absolute;font-size:11.2px;font-style:italic;left:60.512px;top:169.3px;">Depreciation, amortisation<div style="display:inline-block;width:4.97px">&#160;</div>and net impairment losses</div><div id="a14316" style="position:absolute;font-size:11.2px;left:327.813px;top:169.3px;"><div style="display:inline-block;width:3.2px">&#160;</div>increased mainly due<div style="display:inline-block;width:4.59px">&#160;</div>to higher impairments the<div style="display:inline-block;width:4.57px">&#160;</div>first nine months of 2020 </div><div id="a14341" style="position:absolute;font-size:11.2px;left:60.512px;top:184px;">compared to the<div style="display:inline-block;width:4.54px">&#160;</div>first nine months of 2019.<div style="display:inline-block;width:7.39px">&#160;</div></div><div id="a14359" style="position:absolute;font-size:14.72px;color:#00B050;left:60.512px;top:210.2px;">&#160;</div></div>
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<div id="a14360" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a14361" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a14362" style="position:absolute;font-size:21.44px;font-weight:bold;left:60.512px;top:100.3px;">CONDENSED INTERIM FINANCIAL<div style="display:inline-block;width:4.36px">&#160;</div>STATEMENTS </div><div id="a14370" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:141.3px;">&#160;</div><div id="a14371" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:158.3px;">Third quarter 2020 </div><div id="a14377" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:189.7px;">CONSOLIDATED<div style="display:inline-block;width:5.03px">&#160;</div>STATEMENT<div style="display:inline-block;width:5.57px">&#160;</div>OF INCOME</div><div id="a14384" style="position:absolute;font-family:Calibri;font-size:11.2px;font-weight:bold;left:290.973px;top:189.4px;">&#160;</div><div id="a14385" style="position:absolute;font-size:9.28px;font-weight:bold;left:116.832px;top:218.1px;">Quarters </div><div id="a14389" style="position:absolute;font-size:9.28px;font-weight:bold;left:593.507px;top:218.1px;">First nine months </div><div id="a14391" style="position:absolute;font-size:9.28px;font-weight:bold;left:701.053px;top:218.1px;">Full year </div><div id="a14393" style="position:absolute;font-size:9.28px;font-weight:bold;left:70.432px;top:243.7px;">Q3 2020 </div><div id="a14395" style="position:absolute;font-size:9.28px;font-weight:bold;left:123.232px;top:243.7px;">Q2 2020 </div><div id="a14397" style="position:absolute;font-size:9.28px;font-weight:bold;left:176.387px;top:243.7px;">Q3 2019 </div><div id="a14399" style="position:absolute;font-size:9.28px;font-weight:bold;left:217.693px;top:243.7px;">(unaudited, in USD million) </div><div id="a14401" style="position:absolute;font-size:8px;font-weight:bold;left:561.507px;top:245.8px;">Note </div><div id="a14403" style="position:absolute;font-size:9.28px;font-weight:bold;left:609.507px;top:243.7px;">2020 </div><div id="a14405" style="position:absolute;font-size:9.28px;font-weight:bold;left:660.733px;top:243.7px;">2019 </div><div id="a14407" style="position:absolute;font-size:9.28px;font-weight:bold;left:715.173px;top:243.7px;">2019* </div><div id="a14417" style="position:absolute;font-weight:bold;left:69.472px;top:286.7px;">11,250 </div><div id="a14419" style="position:absolute;left:128.384px;top:286.7px;">7,563 </div><div id="a14421" style="position:absolute;left:175.427px;top:286.7px;">14,704 </div><div id="a14423" style="position:absolute;left:217.693px;top:286.7px;">Revenues </div><div id="a14425" style="position:absolute;left:579.427px;top:286.7px;"><div style="display:inline-block;width:2.88px">&#160;</div></div><div id="a14427" style="position:absolute;left:593.507px;top:286.7px;">33,878 </div><div id="a14429" style="position:absolute;left:644.733px;top:286.7px;">48,011 </div><div id="a14431" style="position:absolute;left:702.653px;top:286.7px;">62,911 </div><div id="a14433" style="position:absolute;font-weight:bold;left:90.272px;top:314.2px;">86 </div><div id="a14435" style="position:absolute;left:143.107px;top:314.2px;">33 </div><div id="a14437" style="position:absolute;left:196.227px;top:314.2px;">46 </div><div id="a14439" style="position:absolute;left:217.693px;top:314.2px;">Net income/(loss) from equity accounted<div style="display:inline-block;width:4.61px">&#160;</div>investments </div><div id="a14441" style="position:absolute;left:579.427px;top:314.2px;"><div style="display:inline-block;width:2.88px">&#160;</div></div><div id="a14443" style="position:absolute;left:608.227px;top:314.2px;">190 </div><div id="a14445" style="position:absolute;left:659.453px;top:314.2px;">149 </div><div id="a14447" style="position:absolute;left:717.413px;top:314.2px;">164 </div><div id="a14449" style="position:absolute;font-weight:bold;left:96.032px;top:341.7px;">3 </div><div id="a14451" style="position:absolute;left:148.867px;top:341.7px;">7 </div><div id="a14453" style="position:absolute;left:190.147px;top:341.7px;">860 </div><div id="a14455" style="position:absolute;left:217.693px;top:341.7px;">Other income </div><div id="a14457" style="position:absolute;left:579.427px;top:341.7px;"><div style="display:inline-block;width:2.88px">&#160;</div></div><div id="a14459" style="position:absolute;left:620.067px;top:341.7px;">5 </div><div id="a14461" style="position:absolute;left:650.813px;top:341.7px;">1,028 </div><div id="a14463" style="position:absolute;left:708.733px;top:341.7px;">1,283 </div><div id="a14473" style="position:absolute;font-weight:bold;left:69.472px;top:397.1px;">11,339 </div><div id="a14475" style="position:absolute;left:128.384px;top:397.1px;">7,603 </div><div id="a14477" style="position:absolute;left:175.427px;top:397.1px;">15,610 </div><div id="a14479" style="position:absolute;left:217.693px;top:397.1px;">Total revenues<div style="display:inline-block;width:4.6px">&#160;</div>and other income </div><div id="a14481" style="position:absolute;left:569.187px;top:397.1px;">2 </div><div id="a14483" style="position:absolute;left:593.507px;top:397.1px;">34,073 </div><div id="a14485" style="position:absolute;left:644.733px;top:397.1px;">49,189 </div><div id="a14487" style="position:absolute;left:702.653px;top:397.1px;">64,357 </div><div id="a14497" style="position:absolute;font-weight:bold;left:72.352px;top:452.8px;">(5,307) </div><div id="a14499" style="position:absolute;left:125.152px;top:452.8px;">(2,750) </div><div id="a14501" style="position:absolute;left:178.307px;top:452.8px;">(7,667) </div><div id="a14503" style="position:absolute;left:217.693px;top:452.8px;">Purchases [net of inventory variation] </div><div id="a14506" style="position:absolute;left:590.627px;top:452.8px;">(15,453) </div><div id="a14508" style="position:absolute;left:641.853px;top:452.8px;">(22,928) </div><div id="a14510" style="position:absolute;left:699.773px;top:452.8px;">(29,532) </div><div id="a14512" style="position:absolute;font-weight:bold;left:72.352px;top:480px;">(2,187) </div><div id="a14514" style="position:absolute;left:125.152px;top:480px;">(2,234) </div><div id="a14516" style="position:absolute;left:178.307px;top:480px;">(2,732) </div><div id="a14518" style="position:absolute;left:217.693px;top:480px;">Operating expenses </div><div id="a14521" style="position:absolute;left:596.387px;top:480px;">(6,826) </div><div id="a14523" style="position:absolute;left:647.613px;top:480px;">(7,422) </div><div id="a14525" style="position:absolute;left:705.533px;top:480px;">(9,660) </div><div id="a14527" style="position:absolute;font-weight:bold;left:81.312px;top:507.5px;">(181) </div><div id="a14529" style="position:absolute;left:134.147px;top:507.5px;">(177) </div><div id="a14531" style="position:absolute;left:187.267px;top:507.5px;">(190) </div><div id="a14533" style="position:absolute;left:217.693px;top:507.5px;">Selling, general and administrative<div style="display:inline-block;width:4.33px">&#160;</div>expenses </div><div id="a14536" style="position:absolute;left:605.347px;top:507.5px;">(555) </div><div id="a14538" style="position:absolute;left:656.573px;top:507.5px;">(642) </div><div id="a14540" style="position:absolute;left:714.533px;top:507.5px;">(809) </div><div id="a14542" style="position:absolute;font-weight:bold;left:72.352px;top:535.1px;">(4,798) </div><div id="a14544" style="position:absolute;left:125.152px;top:535.1px;">(2,522) </div><div id="a14546" style="position:absolute;left:178.307px;top:535.1px;">(4,619) </div><div id="a14548" style="position:absolute;left:217.693px;top:535.1px;">Depreciation, amortisation and net<div style="display:inline-block;width:4.28px">&#160;</div>impairment losses </div><div id="a14550" style="position:absolute;left:569.187px;top:535.1px;">6 </div><div id="a14552" style="position:absolute;left:590.627px;top:535.1px;">(11,757) </div><div id="a14554" style="position:absolute;left:647.613px;top:535.1px;">(9,039) </div><div id="a14556" style="position:absolute;left:699.773px;top:535.1px;">(13,204) </div><div id="a14558" style="position:absolute;font-weight:bold;left:81.312px;top:562.6px;">(886) </div><div id="a14560" style="position:absolute;left:134.147px;top:562.6px;">(393) </div><div id="a14562" style="position:absolute;left:187.267px;top:562.6px;">(871) </div><div id="a14564" style="position:absolute;left:217.693px;top:562.6px;">Exploration expenses </div><div id="a14567" style="position:absolute;left:596.387px;top:562.6px;">(1,914) </div><div id="a14569" style="position:absolute;left:647.613px;top:562.6px;">(1,374) </div><div id="a14571" style="position:absolute;left:705.533px;top:562.6px;">(1,854) </div><div id="a14581" style="position:absolute;font-weight:bold;left:66.592px;top:617.9px;">(13,359) </div><div id="a14583" style="position:absolute;left:125.152px;top:617.9px;">(8,075) </div><div id="a14585" style="position:absolute;left:172.547px;top:617.9px;">(16,079) </div><div id="a14587" style="position:absolute;left:217.693px;top:617.9px;">Total operating<div style="display:inline-block;width:4.65px">&#160;</div>expenses </div><div id="a14589" style="position:absolute;left:569.187px;top:617.9px;">2 </div><div id="a14591" style="position:absolute;left:590.627px;top:617.9px;">(36,506) </div><div id="a14593" style="position:absolute;left:641.853px;top:617.9px;">(41,405) </div><div id="a14595" style="position:absolute;left:699.773px;top:617.9px;">(55,058) </div><div id="a14605" style="position:absolute;font-weight:bold;left:72.352px;top:673.7px;">(2,019) </div><div id="a14607" style="position:absolute;left:134.147px;top:673.7px;">(472) </div><div id="a14609" style="position:absolute;left:187.267px;top:673.7px;">(469) </div><div id="a14611" style="position:absolute;left:217.693px;top:673.7px;">Net operating income/(loss) </div><div id="a14613" style="position:absolute;left:569.187px;top:673.7px;">2 </div><div id="a14615" style="position:absolute;left:596.387px;top:673.7px;">(2,434) </div><div id="a14617" style="position:absolute;left:650.813px;top:673.7px;">7,783 </div><div id="a14619" style="position:absolute;left:708.733px;top:673.7px;">9,299 </div><div id="a14629" style="position:absolute;font-weight:bold;left:81.312px;top:729px;">(343) </div><div id="a14631" style="position:absolute;left:134.147px;top:729px;">(379) </div><div id="a14633" style="position:absolute;left:187.267px;top:729px;">(343) </div><div id="a14635" style="position:absolute;left:217.693px;top:729px;">Interest expenses and other financial<div style="display:inline-block;width:4.69px">&#160;</div>expenses </div><div id="a14637" style="position:absolute;left:579.427px;top:729px;"><div style="display:inline-block;width:2.88px">&#160;</div></div><div id="a14639" style="position:absolute;left:596.387px;top:729px;">(1,066) </div><div id="a14641" style="position:absolute;left:647.613px;top:729px;">(1,029) </div><div id="a14643" style="position:absolute;left:705.533px;top:729px;">(1,450) </div><div id="a14645" style="position:absolute;font-weight:bold;left:84.192px;top:756.5px;">142 </div><div id="a14647" style="position:absolute;left:137.027px;top:756.5px;">130 </div><div id="a14649" style="position:absolute;left:190.147px;top:756.5px;">683 </div><div id="a14651" style="position:absolute;left:217.693px;top:756.5px;">Other financial items </div><div id="a14653" style="position:absolute;left:579.427px;top:756.5px;"><div style="display:inline-block;width:2.88px">&#160;</div></div><div id="a14655" style="position:absolute;left:608.227px;top:756.5px;">640 </div><div id="a14657" style="position:absolute;left:650.813px;top:756.5px;">1,517 </div><div id="a14659" style="position:absolute;left:708.733px;top:756.5px;">1,443 </div><div id="a14669" style="position:absolute;font-weight:bold;left:81.312px;top:801.7px;">(201) </div><div id="a14671" style="position:absolute;left:134.147px;top:801.7px;">(248) </div><div id="a14673" style="position:absolute;left:190.147px;top:801.7px;">340 </div><div id="a14675" style="position:absolute;left:217.693px;top:801.7px;">Net financial items </div><div id="a14677" style="position:absolute;left:569.187px;top:801.7px;">4 </div><div id="a14679" style="position:absolute;left:605.347px;top:801.7px;">(426) </div><div id="a14681" style="position:absolute;left:659.453px;top:801.7px;">489 </div><div id="a14683" style="position:absolute;left:726.373px;top:801.7px;">(7) </div><div id="a14693" style="position:absolute;font-weight:bold;left:72.352px;top:857.1px;">(2,220) </div><div id="a14695" style="position:absolute;left:134.147px;top:857.1px;">(720) </div><div id="a14697" style="position:absolute;left:187.267px;top:857.1px;">(129) </div><div id="a14699" style="position:absolute;left:217.693px;top:857.1px;">Income/(loss) before tax </div><div id="a14701" style="position:absolute;left:579.427px;top:857.1px;"><div style="display:inline-block;width:2.88px">&#160;</div></div><div id="a14703" style="position:absolute;left:596.387px;top:857.1px;">(2,859) </div><div id="a14705" style="position:absolute;left:650.813px;top:857.1px;">8,272 </div><div id="a14707" style="position:absolute;left:708.733px;top:857.1px;">9,292 </div><div id="a14717" style="position:absolute;font-weight:bold;left:90.272px;top:912.8px;">95 </div><div id="a14719" style="position:absolute;left:137.027px;top:912.8px;">469 </div><div id="a14721" style="position:absolute;left:187.267px;top:912.8px;">(978) </div><div id="a14723" style="position:absolute;left:217.693px;top:912.8px;">Income tax </div><div id="a14725" style="position:absolute;left:569.187px;top:912.8px;">5 </div><div id="a14727" style="position:absolute;left:605.347px;top:912.8px;">(221) </div><div id="a14729" style="position:absolute;left:647.613px;top:912.8px;">(6,191) </div><div id="a14731" style="position:absolute;left:705.533px;top:912.8px;">(7,441) </div><div id="a14741" style="position:absolute;font-weight:bold;left:72.352px;top:968.1px;">(2,124) </div><div id="a14743" style="position:absolute;left:134.147px;top:968.1px;">(251) </div><div id="a14745" style="position:absolute;left:178.307px;top:968.1px;">(1,107) </div><div id="a14747" style="position:absolute;left:217.693px;top:968.1px;">Net income/(loss) </div><div id="a14750" style="position:absolute;left:596.387px;top:968.1px;">(3,080) </div><div id="a14752" style="position:absolute;left:650.813px;top:968.1px;">2,081 </div><div id="a14754" style="position:absolute;left:708.733px;top:968.1px;">1,851 </div></div>
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<div id="a14764" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a14765" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a14766" style="position:absolute;font-weight:bold;left:72.352px;top:94.9px;">(2,127) </div><div id="a14768" style="position:absolute;left:134.147px;top:94.9px;">(254) </div><div id="a14770" style="position:absolute;left:178.307px;top:94.9px;">(1,107) </div><div id="a14772" style="position:absolute;left:217.693px;top:94.9px;">Attributable to equity holders of the company </div><div id="a14775" style="position:absolute;left:596.387px;top:94.9px;">(3,088) </div><div id="a14777" style="position:absolute;left:650.813px;top:94.9px;">2,079 </div><div id="a14779" style="position:absolute;left:708.733px;top:94.9px;">1,843 </div><div id="a14781" style="position:absolute;font-weight:bold;left:96.032px;top:122.5px;">3 </div><div id="a14783" style="position:absolute;left:148.867px;top:122.5px;">3 </div><div id="a14785" style="position:absolute;left:201.987px;top:122.5px;">1 </div><div id="a14787" style="position:absolute;left:217.693px;top:122.5px;">Attributable to non-controlling interests </div><div id="a14792" style="position:absolute;left:620.067px;top:122.5px;">8 </div><div id="a14794" style="position:absolute;left:671.293px;top:122.5px;">2 </div><div id="a14796" style="position:absolute;left:729.253px;top:122.5px;">8 </div><div id="a14806" style="position:absolute;font-weight:bold;left:78.432px;top:177.5px;">(0.65) </div><div id="a14808" style="position:absolute;left:131.264px;top:177.5px;">(0.08) </div><div id="a14810" style="position:absolute;left:184.387px;top:177.5px;">(0.33) </div><div id="a14812" style="position:absolute;left:217.693px;top:177.5px;">Basic earnings per share (in USD) </div><div id="a14815" style="position:absolute;left:602.467px;top:177.5px;">(0.94) </div><div id="a14817" style="position:absolute;left:656.573px;top:177.5px;">0.62 </div><div id="a14819" style="position:absolute;left:714.533px;top:177.5px;">0.55 </div><div id="a14821" style="position:absolute;font-weight:bold;left:78.432px;top:204.7px;">(0.65) </div><div id="a14823" style="position:absolute;left:131.264px;top:204.7px;">(0.08) </div><div id="a14825" style="position:absolute;left:184.387px;top:204.7px;">(0.33) </div><div id="a14827" style="position:absolute;left:217.693px;top:204.7px;">Diluted earnings per share (in USD) </div><div id="a14830" style="position:absolute;left:602.467px;top:204.7px;">(0.94) </div><div id="a14832" style="position:absolute;left:656.573px;top:204.7px;">0.62 </div><div id="a14834" style="position:absolute;left:714.533px;top:204.7px;">0.55 </div><div id="a14836" style="position:absolute;font-weight:bold;left:79.712px;top:232.3px;">3,248 </div><div id="a14838" style="position:absolute;left:132.544px;top:232.3px;">3,276 </div><div id="a14840" style="position:absolute;left:185.667px;top:232.3px;">3,329 </div><div id="a14842" style="position:absolute;left:217.693px;top:232.3px;">Weighted average number of ordinary<div style="display:inline-block;width:4.68px">&#160;</div>shares outstanding (in millions) </div><div id="a14844" style="position:absolute;left:603.747px;top:232.3px;">3,276 </div><div id="a14846" style="position:absolute;left:654.973px;top:232.3px;">3,330 </div><div id="a14848" style="position:absolute;left:712.893px;top:232.3px;">3,326 </div><div id="a14850" style="position:absolute;font-weight:bold;left:79.712px;top:273.9px;">3,257 </div><div id="a14852" style="position:absolute;left:132.544px;top:273.9px;">3,284 </div><div id="a14854" style="position:absolute;left:185.667px;top:273.9px;">3,337 </div><div id="a14856" style="position:absolute;left:217.693px;top:259.5px;">Weighted average number of ordinary<div style="display:inline-block;width:4.68px">&#160;</div>shares outstanding diluted (in </div><div id="a14858" style="position:absolute;left:217.693px;top:273.9px;">millions) </div><div id="a14860" style="position:absolute;left:603.747px;top:273.9px;">3,284 </div><div id="a14862" style="position:absolute;left:654.973px;top:273.9px;">3,338 </div><div id="a14864" style="position:absolute;left:712.893px;top:273.9px;">3,334 </div><div id="a14882" style="position:absolute;left:60.512px;top:332.4px;">* Audited </div><div id="a14891" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:346.7px;">&#160;</div><div id="a14892" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:365.3px;">&#160;</div></div>
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<div id="a14893" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a14894" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a14895" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:95.9px;">CONSOLIDATED<div style="display:inline-block;width:5.03px">&#160;</div>STATEMENT<div style="display:inline-block;width:5.57px">&#160;</div>OF COMPREHENSIVE INCOME</div><div id="a14904" style="position:absolute;font-family:Calibri;font-size:11.2px;left:393.76px;top:95.6px;">&#160;</div><div id="a14905" style="position:absolute;font-size:9.28px;font-weight:bold;left:119.392px;top:124.6px;">Quarters </div><div id="a14909" style="position:absolute;font-size:9.28px;font-weight:bold;left:577.827px;top:124.6px;">First nine months </div><div id="a14911" style="position:absolute;font-size:9.28px;font-weight:bold;left:685.053px;top:124.6px;">Full year </div><div id="a14913" style="position:absolute;font-size:9.28px;font-weight:bold;left:73.312px;top:150.2px;">Q3 2020 </div><div id="a14915" style="position:absolute;font-size:9.28px;font-weight:bold;left:127.424px;top:150.2px;">Q2 2020 </div><div id="a14917" style="position:absolute;font-size:9.28px;font-weight:bold;left:181.187px;top:150.2px;">Q3 2019 </div><div id="a14920" style="position:absolute;font-size:9.28px;font-weight:bold;left:234.653px;top:150.2px;">(unaudited, in USD million) </div><div id="a14922" style="position:absolute;font-size:9.28px;font-weight:bold;left:591.587px;top:150.2px;">2020 </div><div id="a14924" style="position:absolute;font-size:9.28px;font-weight:bold;left:648.573px;top:150.2px;">2019 </div><div id="a14926" style="position:absolute;font-size:9.28px;font-weight:bold;left:699.133px;top:150.2px;">2019* </div><div id="a14936" style="position:absolute;font-weight:bold;left:75.232px;top:179.5px;">(2,124) </div><div id="a14938" style="position:absolute;left:138.307px;top:179.5px;">(251) </div><div id="a14940" style="position:absolute;left:183.107px;top:179.5px;">(1,107) </div><div id="a14943" style="position:absolute;left:234.653px;top:179.5px;">Net income/(loss) </div><div id="a14945" style="position:absolute;left:578.467px;top:179.5px;">(3,080) </div><div id="a14947" style="position:absolute;left:638.973px;top:179.5px;">2,081 </div><div id="a14949" style="position:absolute;left:693.053px;top:179.5px;">1,851 </div><div id="a14959" style="position:absolute;font-weight:bold;left:93.472px;top:213.1px;">34 </div><div id="a14961" style="position:absolute;left:147.587px;top:213.1px;">41 </div><div id="a14963" style="position:absolute;left:195.267px;top:213.1px;">192 </div><div id="a14966" style="position:absolute;left:234.653px;top:213.1px;">Actuarial gains/(losses) on defined<div style="display:inline-block;width:4.34px">&#160;</div>benefit pension plans </div><div id="a14968" style="position:absolute;left:590.307px;top:213.1px;">197 </div><div id="a14970" style="position:absolute;left:647.613px;top:213.1px;">365 </div><div id="a14972" style="position:absolute;left:701.693px;top:213.1px;">427 </div><div id="a14974" style="position:absolute;font-weight:bold;left:96.032px;top:230px;">(6) </div><div id="a14976" style="position:absolute;left:150.147px;top:230px;">(8) </div><div id="a14978" style="position:absolute;left:198.147px;top:230px;">(49) </div><div id="a14981" style="position:absolute;left:234.653px;top:230px;">Income tax effect on income and<div style="display:inline-block;width:4.37px">&#160;</div>expenses recognised in OCI</div><div id="a14982" style="position:absolute;font-size:6.72px;left:525.627px;top:229.4px;">1) </div><div id="a14984" style="position:absolute;left:593.507px;top:230px;">(56) </div><div id="a14986" style="position:absolute;left:650.493px;top:230px;">(86) </div><div id="a14988" style="position:absolute;left:704.573px;top:230px;">(98) </div><div id="a14990" style="position:absolute;font-weight:bold;left:93.472px;top:262px;">27 </div><div id="a14992" style="position:absolute;left:147.587px;top:262px;">33 </div><div id="a14994" style="position:absolute;left:195.267px;top:262px;">142 </div><div id="a14997" style="position:absolute;left:234.653px;top:257.9px;">Items that will not be reclassified to<div style="display:inline-block;width:4.25px">&#160;</div>the Consolidated statement<div style="display:inline-block;width:4.56px">&#160;</div>of </div><div id="a14998" style="position:absolute;left:234.653px;top:272.3px;">income </div><div id="a15000" style="position:absolute;left:590.307px;top:262px;">141 </div><div id="a15002" style="position:absolute;left:647.613px;top:262px;">279 </div><div id="a15004" style="position:absolute;left:701.693px;top:262px;">330 </div><div id="a15014" style="position:absolute;font-weight:bold;left:87.392px;top:316.8px;">888 </div><div id="a15016" style="position:absolute;left:132.864px;top:316.8px;">1,560 </div><div id="a15018" style="position:absolute;left:183.107px;top:316.8px;">(1,726) </div><div id="a15021" style="position:absolute;left:234.653px;top:316.8px;">Currency translation adjustments </div><div id="a15023" style="position:absolute;left:578.467px;top:316.8px;">(1,734) </div><div id="a15025" style="position:absolute;left:635.453px;top:316.8px;">(1,254) </div><div id="a15027" style="position:absolute;left:704.573px;top:316.8px;">(51) </div><div id="a15029" style="position:absolute;font-weight:bold;left:99.232px;top:333.7px;">0 </div><div id="a15031" style="position:absolute;left:153.347px;top:333.7px;">0 </div><div id="a15033" style="position:absolute;left:201.347px;top:333.7px;">57 </div><div id="a15036" style="position:absolute;left:234.653px;top:333.7px;">Share of OCI from equity accounted<div style="display:inline-block;width:4.34px">&#160;</div>investments </div><div id="a15038" 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style="position:absolute;left:710.333px;top:365.4px;">(7) </div><div id="a15068" style="position:absolute;font-weight:bold;left:87.392px;top:409.6px;">915 </div><div id="a15070" style="position:absolute;left:132.864px;top:409.6px;">1,593 </div><div id="a15072" style="position:absolute;left:183.107px;top:409.6px;">(1,526) </div><div id="a15075" style="position:absolute;left:234.653px;top:409.6px;">Other comprehensive income/(loss) </div><div id="a15078" style="position:absolute;left:578.467px;top:409.6px;">(1,593) </div><div id="a15080" style="position:absolute;left:644.413px;top:409.6px;">(930) </div><div id="a15082" style="position:absolute;left:701.693px;top:409.6px;">323 </div><div id="a15092" style="position:absolute;font-weight:bold;left:75.232px;top:443.2px;">(1,209) </div><div id="a15094" style="position:absolute;left:132.864px;top:443.2px;">1,342 </div><div id="a15096" style="position:absolute;left:183.107px;top:443.2px;">(2,633) </div><div id="a15099" 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<div id="a15177" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a15178" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a15179" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:94.7px;">CONSOLIDATED<div style="display:inline-block;width:5.03px">&#160;</div>BALANCE SHEET</div><div id="a15184" style="position:absolute;font-family:Calibri;font-size:11.2px;left:250.653px;top:94.3px;">&#160;</div><div id="a15187" style="position:absolute;font-size:9.28px;font-weight:bold;left:391.2px;top:123px;">At 30 September </div><div id="a15190" style="position:absolute;font-size:9.28px;font-weight:bold;left:505.787px;top:123px;">At 30 June </div><div id="a15192" style="position:absolute;font-size:9.28px;font-weight:bold;left:570.467px;top:123px;">At 31 December </div><div id="a15194" style="position:absolute;font-size:9.28px;font-weight:bold;left:655.293px;top:123px;">At 30 September </div><div id="a15196" style="position:absolute;font-size:9.28px;font-weight:bold;left:63.072px;top:137.1px;">(unaudited, in USD million) </div><div id="a15198" style="position:absolute;font-size:9.28px;font-weight:bold;left:355.333px;top:137.1px;">Note </div><div id="a15200" style="position:absolute;font-size:9.28px;font-weight:bold;left:444px;top:137.1px;">2020 </div><div id="a15202" style="position:absolute;font-size:9.28px;font-weight:bold;left:532.027px;top:137.1px;">2020 </div><div id="a15204" style="position:absolute;font-size:9.28px;font-weight:bold;left:616.547px;top:137.1px;">2019* </div><div id="a15206" style="position:absolute;font-size:9.28px;font-weight:bold;left:708.093px;top:137.1px;">2019 </div><div id="a15214" style="position:absolute;left:63.072px;top:177.9px;">ASSETS </div><div id="a15221" style="position:absolute;left:63.072px;top:205.1px;">Property, plant and<div style="display:inline-block;width:4.35px">&#160;</div>equipment </div><div id="a15223" style="position:absolute;left:370.053px;top:205.1px;">6 </div><div id="a15225" style="position:absolute;font-weight:bold;left:428.32px;top:205.1px;">62,988 </div><div id="a15227" style="position:absolute;left:516.347px;top:205.1px;">63,941 </div><div id="a15229" style="position:absolute;left:604.387px;top:205.1px;">69,953 </div><div id="a15231" style="position:absolute;left:692.413px;top:205.1px;">69,954 </div><div id="a15233" style="position:absolute;left:63.072px;top:232.6px;">Intangible assets </div><div id="a15235" style="position:absolute;left:370.053px;top:232.6px;">6 </div><div id="a15237" style="position:absolute;font-weight:bold;left:434.4px;top:232.6px;">9,667 </div><div id="a15239" style="position:absolute;left:516.347px;top:232.6px;">10,317 </div><div id="a15241" style="position:absolute;left:604.387px;top:232.6px;">10,738 </div><div id="a15243" style="position:absolute;left:692.413px;top:232.6px;">10,877 </div><div id="a15245" style="position:absolute;left:63.072px;top:260.1px;">Equity accounted investments </div><div id="a15249" style="position:absolute;font-weight:bold;left:434.4px;top:260.1px;">1,650 </div><div id="a15251" style="position:absolute;left:522.427px;top:260.1px;">1,599 </div><div id="a15253" style="position:absolute;left:610.467px;top:260.1px;">1,442 </div><div id="a15255" style="position:absolute;left:698.493px;top:260.1px;">1,421 </div><div id="a15257" style="position:absolute;left:63.072px;top:287.6px;">Deferred tax assets </div><div id="a15260" style="position:absolute;font-weight:bold;left:434.4px;top:287.6px;">4,251 </div><div id="a15262" style="position:absolute;left:522.427px;top:287.6px;">3,794 </div><div id="a15264" style="position:absolute;left:610.467px;top:287.6px;">3,881 </div><div id="a15266" style="position:absolute;left:698.493px;top:287.6px;">3,435 </div><div id="a15268" style="position:absolute;left:63.072px;top:314.8px;">Pension assets </div><div id="a15271" style="position:absolute;font-weight:bold;left:434.4px;top:314.8px;">1,103 </div><div id="a15273" style="position:absolute;left:531.067px;top:314.8px;">963 </div><div id="a15275" style="position:absolute;left:610.467px;top:314.8px;">1,093 </div><div id="a15277" style="position:absolute;left:707.133px;top:314.8px;">871 </div><div id="a15279" style="position:absolute;left:63.072px;top:342.4px;">Derivative financial instruments </div><div id="a15282" style="position:absolute;font-weight:bold;left:434.4px;top:342.4px;">1,964 </div><div id="a15284" style="position:absolute;left:522.427px;top:342.4px;">1,630 </div><div id="a15286" style="position:absolute;left:610.467px;top:342.4px;">1,365 </div><div id="a15288" style="position:absolute;left:698.493px;top:342.4px;">1,486 </div><div id="a15290" style="position:absolute;left:63.072px;top:369.9px;">Financial investments </div><div id="a15293" style="position:absolute;font-weight:bold;left:434.4px;top:369.9px;">3,437 </div><div id="a15295" style="position:absolute;left:522.427px;top:369.9px;">3,157 </div><div id="a15297" style="position:absolute;left:610.467px;top:369.9px;">3,600 </div><div id="a15299" style="position:absolute;left:698.493px;top:369.9px;">3,185 </div><div id="a15301" style="position:absolute;left:63.072px;top:397.4px;">Prepayments and financial receivables </div><div id="a15304" style="position:absolute;font-weight:bold;left:434.4px;top:397.4px;">1,240 </div><div id="a15306" style="position:absolute;left:522.427px;top:397.4px;">1,311 </div><div id="a15308" style="position:absolute;left:610.467px;top:397.4px;">1,214 </div><div id="a15310" style="position:absolute;left:698.493px;top:397.4px;">1,174 </div><div id="a15312" style="position:absolute;left:63.072px;top:425.3px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15319" style="position:absolute;left:63.072px;top:452.8px;">Total non-current<div style="display:inline-block;width:4.92px">&#160;</div>assets </div><div id="a15324" style="position:absolute;font-weight:bold;left:428.32px;top:452.8px;">86,300 </div><div id="a15326" style="position:absolute;left:516.347px;top:452.8px;">86,711 </div><div id="a15328" style="position:absolute;left:604.387px;top:452.8px;">93,285 </div><div id="a15330" style="position:absolute;left:692.413px;top:452.8px;">92,403 </div><div id="a15332" style="position:absolute;left:63.072px;top:481px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15339" style="position:absolute;left:63.072px;top:508.5px;">Inventories </div><div id="a15342" style="position:absolute;font-weight:bold;left:434.4px;top:508.5px;">2,860 </div><div id="a15344" style="position:absolute;left:522.427px;top:508.5px;">2,974 </div><div id="a15346" style="position:absolute;left:610.467px;top:508.5px;">3,363 </div><div id="a15348" style="position:absolute;left:698.493px;top:508.5px;">2,501 </div><div id="a15350" style="position:absolute;left:63.072px;top:535.7px;">Trade and other receivables </div><div id="a15353" style="position:absolute;font-weight:bold;left:434.4px;top:535.7px;">6,108 </div><div id="a15355" style="position:absolute;left:522.427px;top:535.7px;">5,489 </div><div id="a15357" style="position:absolute;left:610.467px;top:535.7px;">8,233 </div><div id="a15359" style="position:absolute;left:698.493px;top:535.7px;">6,917 </div><div id="a15361" style="position:absolute;left:63.072px;top:563.2px;">Derivative financial instruments </div><div id="a15365" style="position:absolute;font-weight:bold;left:443.04px;top:563.2px;">570 </div><div id="a15367" style="position:absolute;left:531.067px;top:563.2px;">589 </div><div id="a15369" style="position:absolute;left:619.107px;top:563.2px;">578 </div><div id="a15371" style="position:absolute;left:707.133px;top:563.2px;">949 </div><div id="a15373" style="position:absolute;left:63.072px;top:590.7px;">Financial investments </div><div id="a15376" style="position:absolute;font-weight:bold;left:428.32px;top:590.7px;">10,563 </div><div id="a15378" style="position:absolute;left:522.427px;top:590.7px;">9,319 </div><div id="a15380" style="position:absolute;left:610.467px;top:590.7px;">7,426 </div><div id="a15382" style="position:absolute;left:698.493px;top:590.7px;">7,203 </div><div id="a15384" style="position:absolute;left:63.072px;top:618.3px;">Cash and cash equivalents </div><div id="a15387" style="position:absolute;font-weight:bold;left:434.4px;top:618.3px;">7,844 </div><div id="a15389" style="position:absolute;left:522.427px;top:618.3px;">9,700 </div><div id="a15391" style="position:absolute;left:610.467px;top:618.3px;">5,177 </div><div id="a15393" style="position:absolute;left:698.493px;top:618.3px;">6,838 </div><div id="a15395" style="position:absolute;left:63.072px;top:646.1px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15402" style="position:absolute;left:63.072px;top:673.7px;">Total current<div style="display:inline-block;width:4.61px">&#160;</div>assets </div><div id="a15405" style="position:absolute;font-weight:bold;left:428.32px;top:673.7px;">27,944 </div><div id="a15407" style="position:absolute;left:516.347px;top:673.7px;">28,072 </div><div id="a15409" style="position:absolute;left:604.387px;top:673.7px;">24,778 </div><div id="a15411" style="position:absolute;left:692.413px;top:673.7px;">24,408 </div><div id="a15413" style="position:absolute;left:63.072px;top:701.8px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15420" style="position:absolute;left:63.072px;top:729.3px;">Assets classified as held for sale </div><div id="a15422" style="position:absolute;left:370.053px;top:729.3px;">3 </div><div id="a15424" style="position:absolute;font-weight:bold;left:443.04px;top:729.3px;">188 </div><div id="a15426" style="position:absolute;left:542.907px;top:729.3px;">0 </div><div id="a15428" style="position:absolute;left:630.973px;top:729.3px;">0 </div><div id="a15430" style="position:absolute;left:707.133px;top:729.3px;">297 </div><div id="a15432" style="position:absolute;left:63.072px;top:757.5px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15439" style="position:absolute;left:63.072px;top:784.7px;">Total assets </div><div id="a15442" style="position:absolute;font-weight:bold;left:422.56px;top:784.7px;">114,432 </div><div id="a15444" style="position:absolute;left:510.587px;top:784.7px;">114,783 </div><div id="a15446" style="position:absolute;left:598.627px;top:784.7px;">118,063 </div><div id="a15448" style="position:absolute;left:686.653px;top:784.7px;">117,108 </div><div id="a15450" style="position:absolute;left:63.072px;top:812.9px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15457" style="position:absolute;left:63.072px;top:840.4px;">EQUITY AND LIABILITIES </div><div id="a15464" style="position:absolute;left:63.072px;top:867.9px;">Shareholders&apos; equity </div><div id="a15467" style="position:absolute;font-weight:bold;left:428.32px;top:867.9px;">34,084 </div><div id="a15469" style="position:absolute;left:516.347px;top:867.9px;">35,587 </div><div id="a15471" style="position:absolute;left:604.387px;top:867.9px;">41,139 </div><div id="a15473" style="position:absolute;left:692.413px;top:867.9px;">40,983 </div><div id="a15475" style="position:absolute;left:63.072px;top:895.2px;">Non-controlling interests </div><div id="a15480" style="position:absolute;font-weight:bold;left:449.12px;top:895.2px;">24 </div><div id="a15482" style="position:absolute;left:537.147px;top:895.2px;">23 </div><div id="a15484" style="position:absolute;left:625.187px;top:895.2px;">20 </div><div id="a15486" style="position:absolute;left:713.213px;top:895.2px;">16 </div><div id="a15488" style="position:absolute;left:63.072px;top:923.3px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15495" style="position:absolute;left:63.072px;top:950.8px;">Total equity </div><div id="a15498" style="position:absolute;font-weight:bold;left:428.32px;top:950.8px;">34,108 </div><div id="a15500" style="position:absolute;left:516.347px;top:950.8px;">35,610 </div><div id="a15502" style="position:absolute;left:604.387px;top:950.8px;">41,159 </div><div id="a15504" style="position:absolute;left:692.413px;top:950.8px;">40,999 </div><div id="a15506" style="position:absolute;left:63.072px;top:979px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15513" style="position:absolute;left:63.072px;top:1006.6px;">Finance debt </div><div id="a15515" style="position:absolute;left:370.053px;top:1006.6px;">4 </div><div id="a15517" style="position:absolute;font-weight:bold;left:428.32px;top:1006.6px;">32,193 </div><div id="a15519" style="position:absolute;left:516.347px;top:1006.6px;">31,647 </div><div id="a15521" style="position:absolute;left:604.387px;top:1006.6px;">24,945 </div><div id="a15523" style="position:absolute;left:692.413px;top:1006.6px;">24,401 </div></div>
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<div style="position:absolute; width:79.7px; height:109.8px; left:381.3px; top:94.4px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:89px; height:54.7px; left:378.7px; top:537.1px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:89px; height:55.1px; left:378.7px; top:481.4px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:89px; height:54.7px; left:378.7px; top:426.1px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:89px; height:164.9px; left:378.7px; top:260.5px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:89px; height:55px; left:378.7px; top:204.9px; background-color:#F2F1F1;">&#160;</div>
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<div id="a15525" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a15526" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a15527" style="position:absolute;left:63.072px;top:94.9px;">Deferred tax liabilities </div><div id="a15530" style="position:absolute;font-weight:bold;left:434.4px;top:94.9px;">9,451 </div><div id="a15532" style="position:absolute;left:522.427px;top:94.9px;">8,907 </div><div id="a15534" style="position:absolute;left:610.467px;top:94.9px;">9,410 </div><div id="a15536" style="position:absolute;left:698.493px;top:94.9px;">9,731 </div><div id="a15538" style="position:absolute;left:63.072px;top:122.5px;">Pension liabilities </div><div id="a15541" style="position:absolute;font-weight:bold;left:434.4px;top:122.5px;">3,705 </div><div id="a15543" style="position:absolute;left:522.427px;top:122.5px;">3,572 </div><div id="a15545" style="position:absolute;left:610.467px;top:122.5px;">3,867 </div><div id="a15547" style="position:absolute;left:698.493px;top:122.5px;">3,765 </div><div id="a15549" style="position:absolute;left:63.072px;top:150px;">Provisions and other liabilities </div><div id="a15551" style="position:absolute;left:370.053px;top:150px;">7 </div><div id="a15553" style="position:absolute;font-weight:bold;left:428.32px;top:150px;">19,191 </div><div id="a15555" style="position:absolute;left:516.347px;top:150px;">18,097 </div><div id="a15557" style="position:absolute;left:604.387px;top:150px;">17,951 </div><div id="a15559" style="position:absolute;left:692.413px;top:150px;">18,269 </div><div id="a15561" style="position:absolute;left:63.072px;top:177.5px;">Derivative financial instruments </div><div id="a15564" style="position:absolute;font-weight:bold;left:443.04px;top:177.5px;">787 </div><div id="a15566" style="position:absolute;left:531.067px;top:177.5px;">967 </div><div id="a15568" style="position:absolute;left:610.467px;top:177.5px;">1,173 </div><div id="a15570" style="position:absolute;left:698.493px;top:177.5px;">1,409 </div><div id="a15572" style="position:absolute;left:63.072px;top:205.4px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15579" style="position:absolute;left:63.072px;top:232.9px;">Total non-current<div style="display:inline-block;width:4.6px">&#160;</div>liabilities </div><div id="a15584" style="position:absolute;font-weight:bold;left:428.32px;top:232.9px;">65,328 </div><div id="a15586" style="position:absolute;left:516.347px;top:232.9px;">63,191 </div><div id="a15588" style="position:absolute;left:604.387px;top:232.9px;">57,346 </div><div id="a15590" style="position:absolute;left:692.413px;top:232.9px;">57,576 </div><div id="a15592" style="position:absolute;left:63.072px;top:261.1px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15599" style="position:absolute;left:63.072px;top:288.6px;">Trade, other payables<div style="display:inline-block;width:4.22px">&#160;</div>and provisions </div><div id="a15602" style="position:absolute;font-weight:bold;left:434.4px;top:288.6px;">8,118 </div><div id="a15604" style="position:absolute;left:522.427px;top:288.6px;">8,620 </div><div id="a15606" style="position:absolute;left:604.387px;top:288.6px;">10,450 </div><div id="a15608" style="position:absolute;left:698.493px;top:288.6px;">8,663 </div><div id="a15610" style="position:absolute;left:63.072px;top:316.1px;">Current tax payable </div><div id="a15612" style="position:absolute;left:370.053px;top:316.1px;">5 </div><div id="a15614" style="position:absolute;font-weight:bold;left:443.04px;top:316.1px;">543 </div><div id="a15616" style="position:absolute;left:531.067px;top:316.1px;">674 </div><div id="a15618" style="position:absolute;left:610.467px;top:316.1px;">3,699 </div><div id="a15620" style="position:absolute;left:698.493px;top:316.1px;">4,115 </div><div id="a15622" style="position:absolute;left:63.072px;top:343.3px;">Finance debt </div><div id="a15624" style="position:absolute;left:370.053px;top:343.3px;">4 </div><div id="a15626" style="position:absolute;font-weight:bold;left:434.4px;top:343.3px;">5,277 </div><div id="a15628" style="position:absolute;left:522.427px;top:343.3px;">5,463 </div><div id="a15630" style="position:absolute;left:610.467px;top:343.3px;">4,087 </div><div id="a15632" style="position:absolute;left:698.493px;top:343.3px;">4,375 </div><div id="a15634" style="position:absolute;left:63.072px;top:370.8px;">Dividends payable </div><div id="a15638" style="position:absolute;font-weight:bold;left:443.04px;top:370.8px;">292 </div><div id="a15640" style="position:absolute;left:531.067px;top:370.8px;">297 </div><div id="a15642" style="position:absolute;left:619.107px;top:370.8px;">859 </div><div id="a15644" style="position:absolute;left:707.133px;top:370.8px;">864 </div><div id="a15646" style="position:absolute;left:63.072px;top:398.4px;">Derivative financial instruments </div><div id="a15649" style="position:absolute;font-weight:bold;left:443.04px;top:398.4px;">765 </div><div id="a15651" style="position:absolute;left:531.067px;top:398.4px;">928 </div><div id="a15653" style="position:absolute;left:619.107px;top:398.4px;">462 </div><div id="a15655" style="position:absolute;left:707.133px;top:398.4px;">516 </div><div id="a15657" style="position:absolute;left:63.072px;top:426.6px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15664" style="position:absolute;left:63.072px;top:453.8px;">Total current<div style="display:inline-block;width:4.61px">&#160;</div>liabilities </div><div id="a15667" style="position:absolute;font-weight:bold;left:428.32px;top:453.8px;">14,996 </div><div id="a15669" style="position:absolute;left:516.347px;top:453.8px;">15,982 </div><div id="a15671" style="position:absolute;left:604.387px;top:453.8px;">19,557 </div><div id="a15673" style="position:absolute;left:692.413px;top:453.8px;">18,533 </div><div id="a15675" style="position:absolute;left:63.072px;top:481.9px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15682" style="position:absolute;left:63.072px;top:509.4px;">Total liabilities </div><div id="a15685" style="position:absolute;font-weight:bold;left:428.32px;top:509.4px;">80,324 </div><div id="a15687" style="position:absolute;left:516.347px;top:509.4px;">79,173 </div><div id="a15689" style="position:absolute;left:604.387px;top:509.4px;">76,904 </div><div id="a15691" style="position:absolute;left:692.413px;top:509.4px;">76,109 </div><div id="a15693" style="position:absolute;left:63.072px;top:537.6px;"><div style="display:inline-block;width:6.08px">&#160;</div></div><div id="a15700" style="position:absolute;left:63.072px;top:565.1px;">Total equity<div style="display:inline-block;width:4.5px">&#160;</div>and liabilities </div><div id="a15703" style="position:absolute;font-weight:bold;left:422.56px;top:565.1px;">114,432 </div><div id="a15705" style="position:absolute;left:510.587px;top:565.1px;">114,783 </div><div id="a15707" style="position:absolute;left:598.627px;top:565.1px;">118,063 </div><div id="a15709" style="position:absolute;left:686.653px;top:565.1px;">117,108 </div><div id="a15717" style="position:absolute;left:63.072px;top:620.5px;">* Audited </div></div>
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<div id="a15724" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a15725" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a15726" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:95.9px;">CONSOLIDATED<div style="display:inline-block;width:5.03px">&#160;</div>STATEMENT<div style="display:inline-block;width:5.57px">&#160;</div>OF CHANGES IN EQUITY</div><div id="a15737" style="position:absolute;font-family:Calibri;font-size:11.2px;left:362.053px;top:95.6px;">&#160;</div><div id="a15738" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:161.7px;">(unaudited, in USD million) </div><div id="a15740" style="position:absolute;font-size:9.28px;font-weight:bold;left:268.573px;top:149.6px;">Share </div><div id="a15741" style="position:absolute;font-size:9.28px;font-weight:bold;left:264.733px;top:161.7px;">capital </div><div id="a15743" style="position:absolute;font-size:9.28px;font-weight:bold;left:311.493px;top:137.4px;">Additional </div><div id="a15744" style="position:absolute;font-size:9.28px;font-weight:bold;left:326.533px;top:149.6px;">paid-in </div><div id="a15747" style="position:absolute;font-size:9.28px;font-weight:bold;left:327.813px;top:161.7px;">capital </div><div id="a15749" style="position:absolute;font-size:9.28px;font-weight:bold;left:379.04px;top:149.6px;">Retained </div><div id="a15750" style="position:absolute;font-size:9.28px;font-weight:bold;left:379.36px;top:161.7px;">earnings </div><div id="a15752" style="position:absolute;font-size:9.28px;font-weight:bold;left:444.64px;top:137.4px;">Currency </div><div id="a15753" style="position:absolute;font-size:9.28px;font-weight:bold;left:437.6px;top:149.6px;">translation </div><div id="a15754" style="position:absolute;font-size:9.28px;font-weight:bold;left:430.24px;top:161.7px;">adjustments </div><div id="a15756" style="position:absolute;font-size:9.28px;font-weight:bold;left:512.507px;top:124.9px;">OCI from </div><div id="a15757" style="position:absolute;font-size:9.28px;font-weight:bold;left:524.987px;top:137.4px;">equity </div><div id="a15758" style="position:absolute;font-size:9.28px;font-weight:bold;left:505.787px;top:149.6px;">accounted </div><div id="a15759" style="position:absolute;font-size:9.28px;font-weight:bold;left:498.107px;top:161.7px;">investments </div><div id="a15761" style="position:absolute;font-size:9.28px;font-weight:bold;left:580.067px;top:137.4px;">Share-</div><div id="a15763" style="position:absolute;font-size:9.28px;font-weight:bold;left:573.347px;top:149.6px;">holders&apos; </div><div id="a15764" style="position:absolute;font-size:9.28px;font-weight:bold;left:581.667px;top:161.7px;">equity </div><div id="a15766" style="position:absolute;font-size:9.28px;font-weight:bold;left:649.213px;top:137.4px;">Non-</div><div id="a15768" style="position:absolute;font-size:9.28px;font-weight:bold;left:621.987px;top:149.6px;">controlling </div><div id="a15769" style="position:absolute;font-size:9.28px;font-weight:bold;left:631.293px;top:161.7px;">interests </div><div id="a15771" style="position:absolute;font-size:9.28px;font-weight:bold;left:681.853px;top:161.7px;">Total equity </div><div id="a15782" style="position:absolute;left:60.512px;top:215.9px;">At 31 December 2018* </div><div id="a15784" style="position:absolute;left:263.773px;top:215.9px;">1,185 </div><div id="a15786" style="position:absolute;left:326.853px;top:215.9px;">8,247 </div><div id="a15788" style="position:absolute;left:381.6px;top:215.9px;">38,790 </div><div id="a15790" style="position:absolute;left:451.36px;top:215.9px;">(5,206) </div><div id="a15792" style="position:absolute;left:533.627px;top:215.9px;">(44) </div><div id="a15794" style="position:absolute;left:572.707px;top:215.9px;">42,970 </div><div id="a15796" style="position:absolute;left:654.333px;top:215.9px;">19 </div><div id="a15798" style="position:absolute;left:697.853px;top:215.9px;">42,990 </div><div id="a15800" style="position:absolute;left:60.512px;top:243.5px;">Net income/(loss) </div><div id="a15805" style="position:absolute;left:387.68px;top:243.5px;">2,079 </div><div id="a15809" style="position:absolute;left:578.787px;top:243.5px;">2,079 </div><div id="a15811" style="position:absolute;left:660.093px;top:243.5px;">2 </div><div id="a15813" style="position:absolute;left:703.933px;top:243.5px;">2,081 </div><div id="a15815" style="position:absolute;left:60.512px;top:270.7px;">Other comprehensive income/(loss) </div><div id="a15819" style="position:absolute;left:396.32px;top:270.7px;">279 </div><div id="a15821" style="position:absolute;left:451.36px;top:270.7px;">(1,254) </div><div id="a15823" style="position:absolute;left:536.507px;top:270.7px;">44 </div><div id="a15825" style="position:absolute;left:584.227px;top:270.7px;">(930) </div><div id="a15828" style="position:absolute;left:709.373px;top:270.7px;">(930) </div><div id="a15830" style="position:absolute;left:60.512px;top:298.8px;">Total comprehensive<div style="display:inline-block;width:4.91px">&#160;</div>income/(loss) </div><div id="a15839" style="position:absolute;left:703.933px;top:298.8px;">1,151 </div><div id="a15841" style="position:absolute;left:60.512px;top:327px;">Dividends </div><div id="a15845" style="position:absolute;left:384.48px;top:327px;">(2,596) </div><div id="a15849" style="position:absolute;left:575.267px;top:327px;">(2,596) </div><div id="a15852" style="position:absolute;left:700.413px;top:327px;">(2,596) </div><div id="a15854" style="position:absolute;left:60.512px;top:354.5px;">Share buy-back</div><div id="a15857" style="position:absolute;font-size:6.72px;left:135.107px;top:353.9px;">1)</div><div id="a15860" style="position:absolute;left:332.293px;top:354.5px;">(500) </div><div id="a15865" style="position:absolute;left:584.227px;top:354.5px;">(500) </div><div id="a15868" style="position:absolute;left:709.373px;top:354.5px;">(500) </div><div id="a15870" style="position:absolute;left:60.512px;top:387.2px;">Other equity transactions </div><div id="a15874" style="position:absolute;left:338.373px;top:387.2px;">(12) </div><div id="a15876" style="position:absolute;left:399.52px;top:387.2px;">(29) </div><div id="a15880" style="position:absolute;left:590.307px;top:387.2px;">(40) </div><div id="a15882" style="position:absolute;left:657.213px;top:387.2px;">(5) </div><div id="a15884" style="position:absolute;left:715.493px;top:387.2px;">(45) </div><div id="a15895" style="position:absolute;left:60.512px;top:442.9px;">At 30 September 2019 </div><div id="a15897" style="position:absolute;left:263.773px;top:442.9px;">1,185 </div><div id="a15899" style="position:absolute;left:326.853px;top:442.9px;">7,735 </div><div id="a15901" style="position:absolute;left:381.6px;top:442.9px;">38,523 </div><div id="a15903" style="position:absolute;left:451.36px;top:442.9px;">(6,460) </div><div id="a15905" style="position:absolute;left:542.267px;top:442.9px;">0 </div><div id="a15907" style="position:absolute;left:572.707px;top:442.9px;">40,983 </div><div id="a15909" style="position:absolute;left:654.333px;top:442.9px;">16 </div><div id="a15911" style="position:absolute;left:697.853px;top:442.9px;">40,999 </div><div id="a15922" style="position:absolute;left:60.512px;top:498.2px;">At 31 December 2019* </div><div id="a15924" style="position:absolute;left:263.773px;top:498.2px;">1,185 </div><div id="a15926" style="position:absolute;left:326.853px;top:498.2px;">7,732 </div><div id="a15928" style="position:absolute;left:381.6px;top:498.2px;">37,481 </div><div id="a15930" style="position:absolute;left:451.36px;top:498.2px;">(5,258) </div><div id="a15932" style="position:absolute;left:542.267px;top:498.2px;">0 </div><div id="a15934" style="position:absolute;left:572.707px;top:498.2px;">41,139 </div><div id="a15936" style="position:absolute;left:654.333px;top:498.2px;">20 </div><div id="a15938" style="position:absolute;left:697.853px;top:498.2px;">41,159 </div><div id="a15940" style="position:absolute;left:60.512px;top:525.8px;">Net income/(loss) </div><div id="a15944" style="position:absolute;left:384.48px;top:525.8px;">(3,088) </div><div id="a15948" style="position:absolute;left:575.267px;top:525.8px;">(3,088) </div><div id="a15950" style="position:absolute;left:660.093px;top:525.8px;">8 </div><div id="a15952" style="position:absolute;left:700.413px;top:525.8px;">(3,080) </div><div id="a15954" style="position:absolute;left:60.512px;top:553.3px;">Other comprehensive income/(loss) </div><div id="a15959" style="position:absolute;left:396.32px;top:553.3px;">141 </div><div id="a15961" style="position:absolute;left:451.36px;top:553.3px;">(1,734) </div><div id="a15963" style="position:absolute;left:542.267px;top:553.3px;">0 </div><div id="a15965" style="position:absolute;left:575.267px;top:553.3px;">(1,593) </div><div id="a15968" style="position:absolute;left:700.413px;top:553.3px;">(1,593) </div><div id="a15970" style="position:absolute;left:60.512px;top:581.5px;">Total comprehensive<div style="display:inline-block;width:4.91px">&#160;</div>income/(loss) </div><div id="a15979" style="position:absolute;left:700.413px;top:581.5px;">(4,673) </div><div id="a15981" style="position:absolute;left:60.512px;top:609.3px;">Dividends</div><div id="a15986" style="position:absolute;left:384.48px;top:609.3px;">(1,476) </div><div id="a15990" style="position:absolute;left:575.267px;top:609.3px;">(1,476) </div><div id="a15993" style="position:absolute;left:700.413px;top:609.3px;">(1,476) </div><div id="a15995" style="position:absolute;left:60.512px;top:636.8px;">Share buy-back</div><div id="a15998" style="position:absolute;font-size:6.72px;left:135.107px;top:636.2px;">1)</div><div id="a16000" style="position:absolute;left:275.293px;top:636.8px;">(21) </div><div id="a16002" style="position:absolute;left:332.293px;top:636.8px;">(869) </div><div id="a16007" style="position:absolute;left:584.227px;top:636.8px;">(890) </div><div id="a16010" style="position:absolute;left:709.373px;top:636.8px;">(890) </div><div id="a16012" style="position:absolute;left:60.512px;top:664.4px;">Other equity transactions </div><div id="a16015" style="position:absolute;left:344.133px;top:664.4px;">(8) </div><div id="a16017" style="position:absolute;left:405.28px;top:664.4px;">(0) </div><div id="a16021" style="position:absolute;left:596.067px;top:664.4px;">(8) </div><div id="a16023" style="position:absolute;left:657.213px;top:664.4px;">(4) </div><div id="a16025" style="position:absolute;left:715.493px;top:664.4px;">(12) </div><div id="a16036" style="position:absolute;font-weight:bold;left:60.512px;top:719.7px;">At 30 September 2020 </div><div id="a16038" style="position:absolute;font-weight:bold;left:263.773px;top:719.7px;">1,164 </div><div id="a16040" style="position:absolute;font-weight:bold;left:326.853px;top:719.7px;">6,855 </div><div id="a16042" style="position:absolute;font-weight:bold;left:381.6px;top:719.7px;">33,056 </div><div id="a16044" style="position:absolute;font-weight:bold;left:451.36px;top:719.7px;">(6,991) </div><div id="a16046" style="position:absolute;font-weight:bold;left:542.267px;top:719.7px;">0 </div><div id="a16048" style="position:absolute;font-weight:bold;left:572.707px;top:719.7px;">34,084 </div><div id="a16050" style="position:absolute;font-weight:bold;left:654.333px;top:719.7px;">24 </div><div id="a16052" style="position:absolute;font-weight:bold;left:697.853px;top:719.7px;">34,108 </div><div id="a16054" style="position:absolute;left:60.512px;top:747.9px;">* Audited </div><div id="a16064" style="position:absolute;left:60.512px;top:777.4px;"><div style="display:inline-block;width:2.88px">&#160;</div></div><div id="a16074" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:801.9px;">&#160;</div><div id="a16075" style="position:absolute;left:60.512px;top:820.9px;">1)   In September 2019<div style="display:inline-block;width:4.34px">&#160;</div>Equinor launched a USD 5<div style="display:inline-block;width:4.31px">&#160;</div>billion share buy-back programme,<div style="display:inline-block;width:4.46px">&#160;</div>where the first tranche of the<div style="display:inline-block;width:4.45px">&#160;</div>programme of around<div style="display:inline-block;width:4.4px">&#160;</div></div><div id="a16122" style="position:absolute;left:79.392px;top:835.6px;">USD 1.5 billion has been finalis<div style="display:inline-block;width:1.42px">&#160;</div>ed. A proportionate share of 67%<div style="display:inline-block;width:4.45px">&#160;</div>from the Norwegian State was<div style="display:inline-block;width:4.5px">&#160;</div>redeemed in accordance with an </div><div id="a16166" style="position:absolute;left:79.392px;top:850.3px;">agreement with the Ministry of Petroleum<div style="display:inline-block;width:4.94px">&#160;</div>and Energy for the Norwegian State<div style="display:inline-block;width:4.66px">&#160;</div>to maintain their ownership percentage<div style="display:inline-block;width:4.68px">&#160;</div>in Equinor.<div style="display:inline-block;width:3.6px">&#160;</div>The </div><div id="a16207" style="position:absolute;left:79.392px;top:865.1px;">redemption was approved by the<div style="display:inline-block;width:4.29px">&#160;</div>annual general meeting held<div style="display:inline-block;width:4.37px">&#160;</div>14 May 2020. </div><div id="a16233" style="position:absolute;left:60.512px;top:894.2px;"><div style="display:inline-block;width:18.88px">&#160;</div>The first tranche of USD 500 million<div style="display:inline-block;width:4.58px">&#160;</div>acquired in the market has been<div style="display:inline-block;width:4.72px">&#160;</div>recognised as a reduction in equity<div style="display:inline-block;width:4.55px">&#160;</div>as treasury shares in third </div><div id="a16283" style="position:absolute;left:79.392px;top:908.9px;">quarter 2019.<div style="display:inline-block;width:3.46px">&#160;</div>The State&#8217;s share including<div style="display:inline-block;width:4.36px">&#160;</div>interest and dividends has been<div style="display:inline-block;width:4.55px">&#160;</div>recognised as a short-term obligation<div style="display:inline-block;width:4.88px">&#160;</div>and as a reduction in </div><div id="a16328" style="position:absolute;left:79.392px;top:923.6px;">equity as treasury shares, subsequent<div style="display:inline-block;width:4.65px">&#160;</div>to the decision at the annual<div style="display:inline-block;width:4.29px">&#160;</div>general meeting held on 14 May<div style="display:inline-block;width:4.39px">&#160;</div>2020. The liability of USD 0.9<div style="display:inline-block;width:4.38px">&#160;</div>billion<div style="display:inline-block;width:3.44px">&#160;</div></div><div id="a16377" style="position:absolute;left:79.392px;top:938.4px;">(NOK 9.1 billion) was settled 23 July<div style="display:inline-block;width:4.52px">&#160;</div>2020. The corresponding shares<div style="display:inline-block;width:4.82px">&#160;</div>of the first tranche of the buyback<div style="display:inline-block;width:4.56px">&#160;</div>programme were cancelled<div style="display:inline-block;width:4.18px">&#160;</div></div><div id="a16421" style="position:absolute;left:79.392px;top:953.1px;">on 16 July 2020.</div><div id="a16428" style="position:absolute;font-family:Calibri;font-size:14.72px;left:157.827px;top:948.8px;">&#160;</div><div id="a16429" style="position:absolute;left:79.392px;top:982.2px;">Equinor has suspended the remaining<div style="display:inline-block;width:4.58px">&#160;</div>share buy-back programme until<div style="display:inline-block;width:4.5px">&#160;</div>further notice. The announced<div style="display:inline-block;width:4.45px">&#160;</div>second tranche of around<div style="display:inline-block;width:4.42px">&#160;</div></div><div id="a16466" style="position:absolute;left:79.392px;top:996.9px;">USD 675 million, including the Norwegian<div style="display:inline-block;width:4.81px">&#160;</div>State share, will under the current<div style="display:inline-block;width:4.73px">&#160;</div>market conditions not be executed<div style="display:inline-block;width:4.34px">&#160;</div>as previously<div style="display:inline-block;width:3.68px">&#160;</div>announced </div><div id="a16509" style="position:absolute;left:79.392px;top:1011.7px;">and planned. </div><div id="a16513" style="position:absolute;font-family:Calibri;font-size:14.72px;left:144.067px;top:1007.4px;">&#160;</div></div>
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<div id="a16514" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a16515" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a16516" style="position:absolute;font-weight:bold;left:60.512px;top:94.6px;">CONSOLIDATED<div style="display:inline-block;width:4.34px">&#160;</div>STATEMENT<div style="display:inline-block;width:5.54px">&#160;</div>OF CASH FLOWS</div><div id="a16525" style="position:absolute;font-family:Calibri;font-size:14.72px;left:306.373px;top:90.3px;">&#160;</div><div id="a16527" style="position:absolute;font-size:9.28px;font-weight:bold;left:126.784px;top:122.4px;">Quarters </div><div id="a16533" style="position:absolute;font-size:9.28px;font-weight:bold;left:582.947px;top:122.4px;">First nine months </div><div id="a16535" style="position:absolute;font-size:9.28px;font-weight:bold;left:697.533px;top:122.4px;">Full year </div><div id="a16537" style="position:absolute;font-size:9.28px;font-weight:bold;left:75.872px;top:148px;">Q3 2020 </div><div id="a16539" style="position:absolute;font-size:9.28px;font-weight:bold;left:129.984px;top:148px;">Q2 2020 </div><div id="a16541" style="position:absolute;font-size:9.28px;font-weight:bold;left:183.107px;top:148px;">Q3 2019 </div><div id="a16544" style="position:absolute;font-size:9.28px;font-weight:bold;left:238.173px;top:148px;">(unaudited, in USD million) </div><div id="a16546" style="position:absolute;font-size:8px;font-weight:bold;left:547.107px;top:149.1px;">Note </div><div id="a16548" style="position:absolute;font-size:9.28px;font-weight:bold;left:599.267px;top:148px;">2020 </div><div id="a16550" style="position:absolute;font-size:9.28px;font-weight:bold;left:653.373px;top:148px;">2019 </div><div id="a16552" style="position:absolute;font-size:9.28px;font-weight:bold;left:711.613px;top:148px;">2019* </div><div id="a16563" style="position:absolute;font-weight:bold;left:77.792px;top:202.2px;">(2,220) </div><div id="a16565" style="position:absolute;left:140.867px;top:202.2px;">(720) </div><div id="a16567" style="position:absolute;left:193.987px;top:202.2px;">(129) </div><div id="a16570" style="position:absolute;left:238.173px;top:202.2px;">Income/(loss) before tax </div><div id="a16573" style="position:absolute;left:586.147px;top:202.2px;">(2,859) </div><div id="a16575" style="position:absolute;left:643.773px;top:202.2px;">8,272 </div><div id="a16577" style="position:absolute;left:705.533px;top:202.2px;">9,292 </div><div id="a16588" style="position:absolute;font-weight:bold;left:81.312px;top:256.9px;">4,798 </div><div id="a16590" style="position:absolute;left:135.427px;top:256.9px;">2,522 </div><div id="a16592" style="position:absolute;left:188.227px;top:256.9px;">4,619 </div><div id="a16595" style="position:absolute;left:238.173px;top:256.9px;">Depreciation, amortisation and net<div style="display:inline-block;width:4.28px">&#160;</div>impairment losses </div><div id="a16597" style="position:absolute;left:555.107px;top:256.9px;">6 </div><div id="a16599" style="position:absolute;left:583.587px;top:256.9px;">11,757 </div><div id="a16601" style="position:absolute;left:643.773px;top:256.9px;">9,039 </div><div id="a16603" style="position:absolute;left:699.453px;top:256.9px;">13,204 </div><div id="a16605" style="position:absolute;font-weight:bold;left:89.952px;top:284.4px;">662 </div><div id="a16607" style="position:absolute;left:144.067px;top:284.4px;">125 </div><div id="a16609" style="position:absolute;left:196.867px;top:284.4px;">650 </div><div id="a16612" style="position:absolute;left:238.173px;top:284.4px;">Exploration expenditures written<div style="display:inline-block;width:4.29px">&#160;</div>off </div><div id="a16615" style="position:absolute;left:589.667px;top:284.4px;">1,222 </div><div id="a16617" style="position:absolute;left:652.413px;top:284.4px;">673 </div><div id="a16619" style="position:absolute;left:714.213px;top:284.4px;">777 </div><div id="a16621" style="position:absolute;font-weight:bold;left:89.952px;top:312px;">131 </div><div id="a16623" style="position:absolute;left:144.067px;top:312px;">321 </div><div id="a16625" style="position:absolute;left:193.987px;top:312px;">(295) </div><div id="a16628" style="position:absolute;left:238.173px;top:312px;">(Gains)/losses on foreign currency<div style="display:inline-block;width:4.31px">&#160;</div>transactions and balances </div><div id="a16630" style="position:absolute;left:555.107px;top:312px;">4 </div><div id="a16632" style="position:absolute;left:598.307px;top:312px;">156 </div><div id="a16634" style="position:absolute;left:649.213px;top:312px;">(201) </div><div id="a16636" style="position:absolute;left:710.973px;top:312px;">(224) </div><div id="a16638" style="position:absolute;font-weight:bold;left:98.592px;top:339.5px;">(1) </div><div id="a16640" style="position:absolute;left:146.947px;top:339.5px;">(15) </div><div id="a16642" style="position:absolute;left:193.987px;top:339.5px;">(851) </div><div id="a16645" style="position:absolute;left:238.173px;top:339.5px;">(Gains)/losses on sale of assets<div style="display:inline-block;width:4.25px">&#160;</div>and businesses </div><div id="a16647" style="position:absolute;left:555.107px;top:339.5px;">3 </div><div id="a16649" style="position:absolute;left:606.947px;top:339.5px;">(2) </div><div id="a16651" style="position:absolute;left:649.213px;top:339.5px;">(994) </div><div id="a16653" style="position:absolute;left:702.013px;top:339.5px;">(1,187) </div><div id="a16655" style="position:absolute;font-weight:bold;left:89.952px;top:381.1px;">258 </div><div id="a16657" style="position:absolute;left:144.067px;top:381.1px;">257 </div><div id="a16659" style="position:absolute;left:196.867px;top:381.1px;">678 </div><div id="a16662" style="position:absolute;left:238.173px;top:366.4px;">(Increase)/decrease in other items<div style="display:inline-block;width:4.25px">&#160;</div>related to operating </div><div id="a16663" style="position:absolute;left:238.173px;top:381.1px;">activities </div><div id="a16666" style="position:absolute;left:598.307px;top:381.1px;">750 </div><div id="a16668" style="position:absolute;left:643.773px;top:381.1px;">1,159 </div><div id="a16670" style="position:absolute;left:705.533px;top:381.1px;">1,016 </div><div id="a16672" style="position:absolute;font-weight:bold;left:86.752px;top:408.3px;">(182) </div><div id="a16674" style="position:absolute;left:150.147px;top:408.3px;">25 </div><div id="a16676" style="position:absolute;left:196.867px;top:408.3px;">141 </div><div id="a16679" style="position:absolute;left:238.173px;top:408.3px;">(Increase)/decrease in net derivative<div style="display:inline-block;width:4.55px">&#160;</div>financial instruments </div><div id="a16683" style="position:absolute;left:595.107px;top:408.3px;">(446) </div><div id="a16685" style="position:absolute;left:649.213px;top:408.3px;">(988) </div><div id="a16687" style="position:absolute;left:710.973px;top:408.3px;">(595) </div><div id="a16689" style="position:absolute;font-weight:bold;left:96.032px;top:435.8px;">41 </div><div id="a16691" style="position:absolute;left:150.147px;top:435.8px;">43 </div><div id="a16693" style="position:absolute;left:202.947px;top:435.8px;">50 </div><div id="a16696" style="position:absolute;left:238.173px;top:435.8px;">Interest received </div><div id="a16699" style="position:absolute;left:598.307px;top:435.8px;">150 </div><div id="a16701" style="position:absolute;left:652.413px;top:435.8px;">166 </div><div id="a16703" style="position:absolute;left:714.213px;top:435.8px;">215 </div><div id="a16705" style="position:absolute;font-weight:bold;left:86.752px;top:463.4px;">(146) </div><div id="a16707" style="position:absolute;left:140.867px;top:463.4px;">(198) </div><div id="a16709" style="position:absolute;left:193.987px;top:463.4px;">(226) </div><div id="a16712" style="position:absolute;left:238.173px;top:463.4px;">Interest paid </div><div id="a16715" style="position:absolute;left:595.107px;top:463.4px;">(526) </div><div id="a16717" style="position:absolute;left:649.213px;top:463.4px;">(526) </div><div id="a16719" style="position:absolute;left:710.973px;top:463.4px;">(723) </div><div id="a16730" style="position:absolute;font-weight:bold;left:81.312px;top:532.8px;">3,342 </div><div id="a16732" style="position:absolute;left:135.427px;top:532.8px;">2,360 </div><div id="a16734" style="position:absolute;left:188.227px;top:532.8px;">4,637 </div><div id="a16737" style="position:absolute;left:238.173px;top:518.4px;">Cash flows provided by operating activities<div style="display:inline-block;width:4.91px">&#160;</div>before taxes paid </div><div id="a16738" style="position:absolute;left:238.173px;top:532.8px;">and working capital items </div><div id="a16741" style="position:absolute;left:583.587px;top:532.8px;">10,201 </div><div id="a16743" style="position:absolute;left:637.693px;top:532.8px;">16,600 </div><div id="a16745" style="position:absolute;left:699.453px;top:532.8px;">21,776 </div><div id="a16756" style="position:absolute;font-weight:bold;left:86.752px;top:587.9px;">(110) </div><div id="a16758" style="position:absolute;left:131.904px;top:587.9px;">(1,744) </div><div id="a16760" style="position:absolute;left:185.027px;top:587.9px;">(1,447) </div><div id="a16763" style="position:absolute;left:238.173px;top:587.9px;">Taxes paid </div><div id="a16766" style="position:absolute;left:586.147px;top:587.9px;">(2,742) </div><div id="a16768" style="position:absolute;left:640.253px;top:587.9px;">(5,636) </div><div id="a16770" style="position:absolute;left:702.013px;top:587.9px;">(8,286) </div><div id="a16781" style="position:absolute;font-weight:bold;left:86.752px;top:642.6px;">(600) </div><div id="a16783" style="position:absolute;left:140.867px;top:642.6px;">(248) </div><div id="a16785" style="position:absolute;left:196.867px;top:642.6px;">990 </div><div id="a16788" style="position:absolute;left:238.173px;top:642.6px;">(Increase)/decrease in working capital </div><div id="a16791" style="position:absolute;left:598.307px;top:642.6px;">583 </div><div id="a16793" style="position:absolute;left:643.773px;top:642.6px;">1,010 </div><div id="a16795" style="position:absolute;left:714.213px;top:642.6px;">259 </div><div id="a16806" style="position:absolute;font-weight:bold;left:81.312px;top:698.3px;">2,632 </div><div id="a16808" style="position:absolute;left:144.067px;top:698.3px;">368 </div><div id="a16810" style="position:absolute;left:188.227px;top:698.3px;">4,180 </div><div id="a16813" style="position:absolute;left:238.173px;top:698.3px;">Cash flows provided by operating activities<div style="display:inline-block;width:4.98px">&#160;</div></div><div id="a16816" style="position:absolute;left:589.667px;top:698.3px;">8,043 </div><div id="a16818" style="position:absolute;left:637.693px;top:698.3px;">11,975 </div><div id="a16820" style="position:absolute;left:699.453px;top:698.3px;">13,749 </div><div id="a16831" style="position:absolute;font-weight:bold;left:101.792px;top:754px;">0 </div><div id="a16833" style="position:absolute;left:152.707px;top:754px;">(0) </div><div id="a16835" style="position:absolute;left:185.027px;top:754px;">(1,794) </div><div id="a16838" style="position:absolute;left:238.173px;top:754px;">Cash used in business combinations</div><div id="a16839" style="position:absolute;font-size:6.72px;left:411.04px;top:753.4px;">1)</div><div id="a16841" style="position:absolute;left:555.107px;top:754px;">3 </div><div id="a16843" style="position:absolute;left:610.147px;top:754px;">0 </div><div id="a16845" style="position:absolute;left:640.253px;top:754px;">(2,274) </div><div id="a16847" style="position:absolute;left:702.013px;top:754px;">(2,274) </div><div id="a16849" style="position:absolute;font-weight:bold;left:77.792px;top:781.2px;">(1,723) </div><div id="a16851" style="position:absolute;left:131.904px;top:781.2px;">(1,899) </div><div id="a16853" style="position:absolute;left:185.027px;top:781.2px;">(2,637) </div><div id="a16856" style="position:absolute;left:238.173px;top:781.2px;">Capital expenditures and investments </div><div id="a16859" style="position:absolute;left:586.147px;top:781.2px;">(5,972) </div><div id="a16861" style="position:absolute;left:640.253px;top:781.2px;">(7,504) </div><div id="a16863" style="position:absolute;left:696.253px;top:781.2px;">(10,204) </div><div id="a16865" style="position:absolute;font-weight:bold;left:77.792px;top:808.7px;">(1,034) </div><div id="a16867" style="position:absolute;left:131.904px;top:808.7px;">(2,730) </div><div id="a16869" style="position:absolute;left:188.227px;top:808.7px;">2,584 </div><div id="a16872" style="position:absolute;left:238.173px;top:808.7px;">(Increase)/decrease in financial investments</div><div id="a16873" style="position:absolute;font-size:6.72px;left:446.24px;top:808.1px;">2)</div><div id="a16876" style="position:absolute;left:586.147px;top:808.7px;">(3,165) </div><div id="a16878" style="position:absolute;left:649.213px;top:808.7px;">(801) </div><div id="a16880" style="position:absolute;left:702.013px;top:808.7px;">(1,012) </div><div id="a16882" style="position:absolute;font-weight:bold;left:86.752px;top:836.3px;">(261) </div><div id="a16884" style="position:absolute;left:146.947px;top:836.3px;">(45) </div><div id="a16886" style="position:absolute;left:196.867px;top:836.3px;">182 </div><div id="a16889" style="position:absolute;left:238.173px;top:836.3px;">(Increase)/decrease in derivatives financial<div style="display:inline-block;width:4.65px">&#160;</div>instruments </div><div id="a16892" style="position:absolute;left:595.107px;top:836.3px;">(332) </div><div id="a16894" style="position:absolute;left:652.413px;top:836.3px;">295 </div><div id="a16896" style="position:absolute;left:714.213px;top:836.3px;">298 </div><div id="a16898" style="position:absolute;font-weight:bold;left:92.832px;top:863.8px;">(18) </div><div id="a16900" style="position:absolute;left:155.907px;top:863.8px;">2 </div><div id="a16902" style="position:absolute;left:208.707px;top:863.8px;">0 </div><div id="a16905" style="position:absolute;left:238.173px;top:863.8px;">(Increase)/decrease in other interest-<div style="display:inline-block;width:1.64px">&#160;</div>bearing items </div><div id="a16910" style="position:absolute;left:601.187px;top:863.8px;">(16) </div><div id="a16912" style="position:absolute;left:664.253px;top:863.8px;">8 </div><div id="a16914" style="position:absolute;left:717.093px;top:863.8px;">(10) </div><div id="a16916" style="position:absolute;font-weight:bold;left:96.032px;top:891px;">14 </div><div id="a16918" style="position:absolute;left:155.907px;top:891px;">0 </div><div id="a16920" style="position:absolute;left:188.227px;top:891px;">1,519 </div><div id="a16923" style="position:absolute;left:238.173px;top:891px;">Proceeds from sale of assets and<div style="display:inline-block;width:4.24px">&#160;</div>businesses </div><div id="a16925" style="position:absolute;left:555.107px;top:891px;">3 </div><div id="a16927" style="position:absolute;left:604.387px;top:891px;">16 </div><div id="a16929" style="position:absolute;left:643.773px;top:891px;">1,726 </div><div id="a16931" style="position:absolute;left:705.533px;top:891px;">2,608 </div><div id="a16942" style="position:absolute;font-weight:bold;left:77.792px;top:946.7px;">(3,023) </div><div id="a16944" style="position:absolute;left:131.904px;top:946.7px;">(4,671) </div><div id="a16946" style="position:absolute;left:193.987px;top:946.7px;">(146) 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<div style="position:absolute; width:44.8px; height:27.6px; left:63.1px; top:399.1px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:44.8px; height:27.5px; left:63.1px; top:468.9px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:678.3px; height:1px; left:60.5px; top:259.9px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:678.3px; height:1px; left:60.5px; top:496.5px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:678.3px; height:1px; left:60.5px; top:426.7px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:678.3px; height:1px; left:60.5px; top:315.6px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:678.3px; height:1px; left:60.5px; top:204.2px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:48.6px; height:82.6px; left:63.1px; top:94.4px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:54.1px; height:69.1px; left:60.5px; top:427.3px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:54.1px; height:110.4px; left:60.5px; top:316.3px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:54.1px; height:55.1px; left:60.5px; top:260.5px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:54.1px; height:55px; left:60.5px; top:204.9px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:54.1px; height:109.8px; left:60.5px; top:94.4px; background-color:#F2F1F1;">&#160;</div>
<div id="a16983" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a16984" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a16985" style="position:absolute;font-weight:bold;left:77.792px;top:94.9px;">(1,642) </div><div id="a16987" style="position:absolute;left:140.867px;top:94.9px;">(318) </div><div id="a16989" style="position:absolute;left:193.987px;top:94.9px;">(855) </div><div id="a16992" style="position:absolute;left:238.173px;top:94.9px;">Repayment of finance debt </div><div id="a16995" style="position:absolute;left:586.147px;top:94.9px;">(2,266) </div><div id="a16997" style="position:absolute;left:640.253px;top:94.9px;">(1,389) </div><div id="a16999" style="position:absolute;left:702.013px;top:94.9px;">(2,419) </div><div id="a17001" style="position:absolute;font-weight:bold;left:86.752px;top:122.5px;">(287) </div><div id="a17003" style="position:absolute;left:140.867px;top:122.5px;">(904) </div><div id="a17005" style="position:absolute;left:193.987px;top:122.5px;">(859) </div><div id="a17008" style="position:absolute;left:238.173px;top:122.5px;">Dividends paid </div><div id="a17011" style="position:absolute;left:586.147px;top:122.5px;">(2,037) </div><div id="a17013" style="position:absolute;left:640.253px;top:122.5px;">(2,492) </div><div id="a17015" style="position:absolute;left:702.013px;top:122.5px;">(3,342) </div><div id="a17017" style="position:absolute;font-weight:bold;left:77.792px;top:150px;">(1,001) </div><div id="a17019" style="position:absolute;left:155.907px;top:150px;">0 </div><div id="a17021" style="position:absolute;left:200.067px;top:150px;">(91) </div><div id="a17024" style="position:absolute;left:238.173px;top:150px;">Share buy-back</div><div id="a17027" style="position:absolute;font-size:6.72px;left:312.773px;top:149.4px;">3)</div><div id="a17030" style="position:absolute;left:586.147px;top:150px;">(1,059) </div><div id="a17032" style="position:absolute;left:655.293px;top:150px;">(91) </div><div id="a17034" style="position:absolute;left:710.973px;top:150px;">(442) </div><div id="a17036" style="position:absolute;font-weight:bold;left:81.312px;top:177.5px;">1,308 </div><div id="a17038" style="position:absolute;left:140.867px;top:177.5px;">(150) </div><div id="a17040" style="position:absolute;left:193.987px;top:177.5px;">(639) </div><div id="a17043" style="position:absolute;left:238.173px;top:177.5px;">Net current finance debt and other </div><div id="a17046" style="position:absolute;left:589.667px;top:177.5px;">1,110 </div><div id="a17048" style="position:absolute;left:655.293px;top:177.5px;">(41) </div><div id="a17050" style="position:absolute;left:710.973px;top:177.5px;">(277) </div><div id="a17061" style="position:absolute;font-weight:bold;left:77.792px;top:232.9px;">(1,623) </div><div id="a17063" style="position:absolute;left:135.427px;top:232.9px;">6,975 </div><div id="a17065" style="position:absolute;left:185.027px;top:232.9px;">(2,443) </div><div id="a17068" style="position:absolute;left:238.173px;top:232.9px;">Cash flows provided by/(used in)<div style="display:inline-block;width:4.25px">&#160;</div>financing activities </div><div id="a17071" style="position:absolute;left:589.667px;top:232.9px;">4,095 </div><div id="a17073" style="position:absolute;left:640.253px;top:232.9px;">(4,012) </div><div id="a17075" style="position:absolute;left:702.013px;top:232.9px;">(5,496) </div><div id="a17086" style="position:absolute;font-weight:bold;left:77.792px;top:288.6px;">(2,014) </div><div id="a17088" style="position:absolute;left:135.427px;top:288.6px;">2,672 </div><div id="a17090" style="position:absolute;left:188.227px;top:288.6px;">1,590 </div><div id="a17093" style="position:absolute;left:238.173px;top:288.6px;">Net increase/(decrease) in cash and<div style="display:inline-block;width:4.44px">&#160;</div>cash equivalents </div><div id="a17096" style="position:absolute;left:589.667px;top:288.6px;">2,669 </div><div id="a17098" style="position:absolute;left:649.213px;top:288.6px;">(587) </div><div id="a17100" style="position:absolute;left:702.013px;top:288.6px;">(2,341) </div><div id="a17111" style="position:absolute;font-weight:bold;left:89.952px;top:358px;">158 </div><div id="a17113" style="position:absolute;left:144.067px;top:358px;">162 </div><div id="a17115" style="position:absolute;left:193.987px;top:358px;">(154) </div><div id="a17118" style="position:absolute;left:238.173px;top:343.6px;">Effect of exchange rate changes<div style="display:inline-block;width:4.57px">&#160;</div>on cash and cash </div><div id="a17120" style="position:absolute;left:238.173px;top:358px;">equivalents </div><div id="a17123" style="position:absolute;left:606.947px;top:358px;">(1) </div><div id="a17125" style="position:absolute;left:649.213px;top:358px;">(153) </div><div id="a17127" style="position:absolute;left:717.093px;top:358px;">(38) </div><div id="a17129" style="position:absolute;font-weight:bold;left:81.312px;top:399.6px;">9,700 </div><div id="a17131" style="position:absolute;left:135.427px;top:399.6px;">6,866 </div><div id="a17133" style="position:absolute;left:188.227px;top:399.6px;">5,379 </div><div id="a17136" style="position:absolute;left:238.173px;top:385.2px;">Cash and cash equivalents at the beginning<div style="display:inline-block;width:4.71px">&#160;</div>of the period (net </div><div id="a17137" style="position:absolute;left:238.173px;top:399.6px;">of overdraft) </div><div id="a17140" style="position:absolute;left:589.667px;top:399.6px;">5,177 </div><div id="a17142" style="position:absolute;left:643.773px;top:399.6px;">7,556 </div><div id="a17144" style="position:absolute;left:705.533px;top:399.6px;">7,556 </div><div id="a17155" style="position:absolute;font-weight:bold;left:81.312px;top:469.4px;">7,844 </div><div id="a17157" style="position:absolute;left:135.427px;top:469.4px;">9,700 </div><div id="a17159" style="position:absolute;left:188.227px;top:469.4px;">6,816 </div><div id="a17162" style="position:absolute;left:238.173px;top:455px;">Cash and cash equivalents at the end<div style="display:inline-block;width:4.73px">&#160;</div>of the period (net of </div><div id="a17164" style="position:absolute;left:238.173px;top:469.4px;">overdraft)</div><div id="a17165" style="position:absolute;font-size:6.72px;left:283.613px;top:468.8px;">4)</div><div id="a17168" style="position:absolute;left:589.667px;top:469.4px;">7,844 </div><div id="a17170" style="position:absolute;left:643.773px;top:469.4px;">6,816 </div><div id="a17172" style="position:absolute;left:705.533px;top:469.4px;">5,177 </div><div id="a17183" style="position:absolute;left:63.072px;top:507.8px;">* Audited </div><div id="a17193" style="position:absolute;left:60.512px;top:524.8px;">1)   Net after cash and<div style="display:inline-block;width:4.35px">&#160;</div>cash equivalents acquired. </div><div id="a17209" style="position:absolute;left:60.512px;top:540.2px;">2)   Includes sale of Lundin<div style="display:inline-block;width:4.38px">&#160;</div>shares in the second quarter<div style="display:inline-block;width:4.47px">&#160;</div>of 2020.<div style="display:inline-block;width:3.43px">&#160;</div>For more information,<div style="display:inline-block;width:3.75px">&#160;</div>see note 3 Acquisition<div style="display:inline-block;width:4.24px">&#160;</div>and disposals. </div><div id="a17255" style="position:absolute;left:60.512px;top:555.5px;">3)   For more information,<div style="display:inline-block;width:4.42px">&#160;</div>see Consolidated statement of<div style="display:inline-block;width:4.3px">&#160;</div>changes in equity. </div><div id="a17278" style="position:absolute;left:60.512px;top:570.9px;">4)   At 30 September 2020<div style="display:inline-block;width:4.49px">&#160;</div>cash and cash equivalents<div style="display:inline-block;width:4.25px">&#160;</div>net overdraft was zero. At 30<div style="display:inline-block;width:4.55px">&#160;</div>September 2019 net overdraft was<div style="display:inline-block;width:4.45px">&#160;</div>USD 22<div style="display:inline-block;width:3.69px">&#160;</div>million and<div style="display:inline-block;width:3.64px">&#160;</div></div><div id="a17330" style="position:absolute;left:79.392px;top:586.3px;">at 31 December 2019 net overdraft<div style="display:inline-block;width:4.28px">&#160;</div>was zero. </div><div id="a17347" style="position:absolute;font-size:11.2px;left:84.512px;top:601px;">&#160;</div></div>
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<div id="Page24" style="background-color:RGB(256, 256, 256);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:794px;height:1123px;white-space:pre-wrap">
<div id="a17348" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a17349" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a17350" style="position:absolute;font-size:21.44px;font-weight:bold;left:60.512px;top:94.8px;">Notes to the Condensed interim<div style="display:inline-block;width:4.44px">&#160;</div>financial statements</div><div id="a17363" style="position:absolute;font-size:21.44px;left:593.827px;top:94.8px;">&#160;</div><div id="a17364" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:139.7px;">1 Organisation and basis of preparation </div><div id="a17376" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:161.9px;">&#160;</div><div id="a17377" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:177.3px;">Organisation and principal<div style="display:inline-block;width:4.71px">&#160;</div>activities</div><div id="a17386" style="position:absolute;font-size:14.72px;font-weight:bold;left:255.773px;top:174px;">&#160;</div><div id="a17387" style="position:absolute;font-size:11.2px;left:60.512px;top:192.6px;">Equinor ASA, originally<div style="display:inline-block;width:4.85px">&#160;</div>Den Norske Stats Oljeselskap<div style="display:inline-block;width:4.89px">&#160;</div>AS, was founded in 1972 and<div style="display:inline-block;width:4.76px">&#160;</div>is incorporated and domiciled<div style="display:inline-block;width:5.1px">&#160;</div>in Norway.<div style="display:inline-block;width:3.74px">&#160;</div>The </div><div id="a17428" style="position:absolute;font-size:11.2px;left:60.512px;top:208px;">address of its registered<div style="display:inline-block;width:4.67px">&#160;</div>office is Forusbeen<div style="display:inline-block;width:4.48px">&#160;</div>50, N-4035 Stavanger,<div style="display:inline-block;width:5.43px">&#160;</div>Norway. </div><div id="a17452" style="position:absolute;font-size:14.72px;left:445.6px;top:204.7px;">&#160;</div><div id="a17453" style="position:absolute;font-size:11.2px;left:60.512px;top:238.7px;">The Equinor group&#8217;s<div style="display:inline-block;width:4.98px">&#160;</div>(Equinor&#8217;s) business consists<div style="display:inline-block;width:4.58px">&#160;</div>principally of the exploration,<div style="display:inline-block;width:4.99px">&#160;</div>production, transportation,<div style="display:inline-block;width:4.64px">&#160;</div>refining and marketing of </div><div id="a17486" style="position:absolute;font-size:11.2px;left:60.512px;top:254.1px;">petroleum and petroleum<div style="display:inline-block;width:1.6px">&#160;</div>-derived products, and<div style="display:inline-block;width:4.78px">&#160;</div>other forms of energy.<div style="display:inline-block;width:5.22px">&#160;</div>Equinor ASA is listed<div style="display:inline-block;width:4.24px">&#160;</div>on the Oslo B&#248;rs (Norway)<div style="display:inline-block;width:4.78px">&#160;</div>and the New </div><div id="a17530" style="position:absolute;font-size:11.2px;left:60.512px;top:269.4px;">York<div style="display:inline-block;width:4.56px">&#160;</div>Stock Exchange (USA).</div><div id="a17537" style="position:absolute;font-size:14.72px;left:206.147px;top:266.2px;">&#160;</div><div id="a17538" style="position:absolute;font-size:11.2px;left:60.512px;top:299.9px;">All of Equinor&apos;s oil and<div style="display:inline-block;width:4.77px">&#160;</div>gas activities and net<div style="display:inline-block;width:4.23px">&#160;</div>assets on the Norwegian continental<div style="display:inline-block;width:5.46px">&#160;</div>shelf<div style="display:inline-block;width:3.22px">&#160;</div>(NCS) are owned by Equinor<div style="display:inline-block;width:5.05px">&#160;</div>Energy AS, a </div><div id="a17585" style="position:absolute;font-size:11.2px;left:60.512px;top:315.2px;">100% owned operating<div style="display:inline-block;width:4.82px">&#160;</div>subsidiary of Equinor<div style="display:inline-block;width:4.56px">&#160;</div>ASA. 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Segment<div style="display:inline-block;width:4.57px">&#160;</div>information for prior<div style="display:inline-block;width:4.68px">&#160;</div>periods has been restated<div style="display:inline-block;width:4.64px">&#160;</div>to align with the new segment </div><div id="a17710" style="position:absolute;font-size:11.2px;left:60.512px;top:392px;">presentation. 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<div id="a18854" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a18855" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a18856" style="position:absolute;font-size:11.2px;left:60.512px;top:96.3px;">and the measurement<div style="display:inline-block;width:4.68px">&#160;</div>of our liabilities, and related<div style="display:inline-block;width:4.84px">&#160;</div>sensitivities. Reference<div style="display:inline-block;width:4.87px">&#160;</div>is made to note 8 Impact of<div style="display:inline-block;width:4.49px">&#160;</div>the Covid-19 pandemic<div style="display:inline-block;width:4.53px">&#160;</div>and oil </div><div id="a18903" style="position:absolute;font-size:11.2px;left:60.512px;top:111.6px;">price decline for further<div style="display:inline-block;width:4.85px">&#160;</div>information.<div style="display:inline-block;width:3.91px">&#160;</div></div><div id="a18914" style="position:absolute;font-size:14.72px;left:245.213px;top:108.4px;">&#160;</div></div>
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All IFRS 16 leases<div style="display:inline-block;width:4.83px">&#160;</div>are presented within the<div style="display:inline-block;width:4.66px">&#160;</div>Other segment. The </div><div id="a19796" style="position:absolute;font-size:11.2px;left:60.512px;top:608.4px;">lease costs for the period<div style="display:inline-block;width:4.82px">&#160;</div>are allocated to the<div style="display:inline-block;width:4.28px">&#160;</div>different segments<div style="display:inline-block;width:4.45px">&#160;</div>based on underlying lease<div style="display:inline-block;width:4.94px">&#160;</div>payments, with a corresponding<div style="display:inline-block;width:5.14px">&#160;</div>credit in </div><div id="a19838" style="position:absolute;font-size:11.2px;left:60.512px;top:623.8px;">the Other segment.<div style="display:inline-block;width:4.64px">&#160;</div>Lease costs allocated to<div style="display:inline-block;width:4.66px">&#160;</div>licence partners are recognised<div style="display:inline-block;width:5.08px">&#160;</div>as other revenues<div style="display:inline-block;width:4.13px">&#160;</div>in the Other segment. Additions<div style="display:inline-block;width:5.1px">&#160;</div>to </div><div id="a19879" style="position:absolute;font-size:11.2px;left:60.512px;top:639.1px;">PP&amp;E, intangible assets<div style="display:inline-block;width:4.66px">&#160;</div>and equity accounted<div style="display:inline-block;width:4.62px">&#160;</div>investments in the E&amp;P and<div style="display:inline-block;width:4.84px">&#160;</div>MMP segments include<div style="display:inline-block;width:4.62px">&#160;</div>the period&#8217;s allocated<div style="display:inline-block;width:4.78px">&#160;</div>lease costs </div><div id="a19917" style="position:absolute;font-size:11.2px;left:60.512px;top:654.5px;">related to activity<div style="display:inline-block;width:4.32px">&#160;</div>being capitalised with<div style="display:inline-block;width:4.6px">&#160;</div>a corresponding negative addition<div style="display:inline-block;width:5.39px">&#160;</div>in the Other segment. The<div style="display:inline-block;width:4.67px">&#160;</div>line item Additions to PP&amp;E, </div><div id="a19957" style="position:absolute;font-size:11.2px;left:60.512px;top:669.9px;">intangibles and equity<div style="display:inline-block;width:4.65px">&#160;</div>accounted investments excludes<div style="display:inline-block;width:5.24px">&#160;</div>movements related to<div style="display:inline-block;width:4.33px">&#160;</div>changes in asset retirement<div style="display:inline-block;width:4.88px">&#160;</div>obligations.</div><div id="a19985" style="position:absolute;font-size:14.72px;left:652.413px;top:666.6px;">&#160;</div><div id="a19986" style="position:absolute;font-family:Times New Roman;font-size:16px;left:60.512px;top:683.5px;">&#160;</div><div id="a19987" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:702.7px;">Third quarter 2020 </div><div id="a19989" 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</div>
<div style="padding: 7px">
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<div style="position:absolute; width:51.9px; height:27.5px; left:678.7px; top:197.5px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:166.4px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:680.3px; height:1px; left:57px; top:225px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:130.6px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:94.4px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:61.2px; height:58px; left:676.1px; top:167.1px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:61.2px; height:35.2px; left:676.1px; top:131.2px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:61.2px; height:35.5px; left:676.1px; top:95.1px; background-color:#F2F1F1;">&#160;</div>
<div id="a20165" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a20166" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a20175" style="position:absolute;left:60.512px;top:113.2px;">Total operating<div style="display:inline-block;width:4.65px">&#160;</div>expenses </div><div id="a20177" style="position:absolute;left:337.413px;top:113.2px;">(2,391) </div><div id="a20179" style="position:absolute;left:398.24px;top:113.2px;">(2,168) </div><div id="a20181" style="position:absolute;left:456.48px;top:113.2px;">(2,217) </div><div id="a20183" style="position:absolute;left:511.547px;top:113.2px;">(10,504) </div><div id="a20185" style="position:absolute;left:593.507px;top:113.2px;">(93) </div><div id="a20187" style="position:absolute;left:642.813px;top:113.2px;">4,014 </div><div id="a20189" style="position:absolute;left:694.653px;top:113.2px;">(13,359) </div><div id="a20199" style="position:absolute;left:60.512px;top:149px;">Net operating income/(loss) </div><div id="a20201" style="position:absolute;left:349.253px;top:149px;">431 </div><div id="a20203" style="position:absolute;left:398.24px;top:149px;">(1,328) </div><div id="a20205" style="position:absolute;left:456.48px;top:149px;">(1,606) </div><div id="a20207" style="position:absolute;left:529.147px;top:149px;">551 </div><div id="a20209" style="position:absolute;left:596.387px;top:149px;">39 </div><div id="a20211" style="position:absolute;left:648.573px;top:149px;">(107) </div><div id="a20213" style="position:absolute;left:700.413px;top:149px;">(2,019) </div><div id="a20223" style="position:absolute;left:60.512px;top:183.6px;">Additions to PP&amp;E, intangibles<div style="display:inline-block;width:4.23px">&#160;</div>and equity accounted </div><div id="a20225" style="position:absolute;left:60.512px;top:198px;">investments </div><div id="a20227" style="position:absolute;left:340.613px;top:198px;">1,103 </div><div id="a20229" style="position:absolute;left:410.08px;top:198px;">357 </div><div id="a20231" style="position:absolute;left:468.347px;top:198px;">252 </div><div id="a20233" style="position:absolute;left:535.227px;top:198px;">35 </div><div id="a20235" style="position:absolute;left:590.307px;top:198px;">278 </div><div id="a20237" style="position:absolute;left:663.293px;top:198px;">0 </div><div id="a20239" style="position:absolute;left:703.613px;top:198px;">2,025 </div></div>
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<div style="position:absolute; width:55.7px; height:25.6px; left:495.5px; top:121px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:55.7px; height:25.6px; left:556.7px; top:121px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:55.7px; height:25.6px; left:617.8px; top:121px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:55.7px; height:25.6px; left:678.7px; top:121px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:52.8px; height:25.6px; left:437.6px; top:671.5px; background-color:#E6FAEC;">&#160;</div>
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<div style="position:absolute; width:55.7px; height:25.6px; left:556.7px; top:671.5px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:55.7px; height:25.6px; left:617.8px; top:671.5px; background-color:#E6FAEC;">&#160;</div>
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<div style="position:absolute; width:679.3px; height:1px; left:58px; top:172.2px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:251.9px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:94.4px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:52.8px; height:63.7px; left:437.6px; top:108.5px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:55.7px; height:50.3px; left:376.5px; top:646.9px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:55.7px; height:75.8px; left:376.5px; top:96.4px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:46.7px; height:38.1px; left:324.6px; top:659.1px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:46.7px; height:38.1px; left:324.6px; top:108.5px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:258.7px; height:51.5px; left:60.5px; top:95.1px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:679.3px; height:25.6px; left:58px; top:146.6px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:415.2px; height:51.5px; left:322.1px; top:95.1px; background-color:#E6FAEC;">&#160;</div>
<div id="a20241" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a20242" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a20243" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:95.2px;">Third quarter 2019 </div><div id="a20245" style="position:absolute;font-size:9.28px;font-weight:bold;left:352.453px;top:108.9px;">E&amp;P </div><div id="a20246" style="position:absolute;font-size:9.28px;font-weight:bold;left:337.733px;top:121.1px;">Norway<div style="display:inline-block;width:2.64px">&#160;</div></div><div id="a20248" style="position:absolute;font-size:9.28px;font-weight:bold;left:413.28px;top:96.8px;">E&amp;P </div><div id="a20249" style="position:absolute;font-size:9.28px;font-weight:bold;left:378.72px;top:108.9px;">Internationa</div><div id="a20250" style="position:absolute;font-size:9.28px;font-weight:bold;left:429.6px;top:121.1px;">l </div><div id="a20252" 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style="position:absolute;left:361.093px;top:235.5px;">2 </div><div id="a20322" style="position:absolute;left:421.92px;top:235.5px;">9 </div><div id="a20324" style="position:absolute;left:480.187px;top:235.5px;">2 </div><div id="a20326" style="position:absolute;left:540.987px;top:235.5px;">4 </div><div id="a20328" style="position:absolute;left:596.387px;top:235.5px;">29 </div><div id="a20330" style="position:absolute;left:663.293px;top:235.5px;">0 </div><div id="a20332" style="position:absolute;left:718.373px;top:235.5px;">46 </div><div id="a20342" style="position:absolute;left:60.512px;top:280.6px;">Total revenues<div style="display:inline-block;width:4.6px">&#160;</div>and other income<div style="display:inline-block;width:4.22px">&#160;</div></div><div id="a20344" style="position:absolute;left:340.613px;top:280.6px;">4,498 </div><div id="a20346" style="position:absolute;left:401.44px;top:280.6px;">1,351 </div><div id="a20348" style="position:absolute;left:468.347px;top:280.6px;">996 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</div><div id="a20488" style="position:absolute;left:60.512px;top:571.2px;">investments </div><div id="a20490" style="position:absolute;left:340.613px;top:571.2px;">2,920 </div><div id="a20492" style="position:absolute;left:410.08px;top:571.2px;">511 </div><div id="a20494" style="position:absolute;left:459.68px;top:571.2px;">1,408 </div><div id="a20496" style="position:absolute;left:529.147px;top:571.2px;">127 </div><div id="a20498" style="position:absolute;left:590.307px;top:571.2px;">111 </div><div id="a20500" style="position:absolute;left:663.293px;top:571.2px;">0 </div><div id="a20502" style="position:absolute;left:703.613px;top:571.2px;">5,077 </div><div id="a20504" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:596.4px;">&#160;</div><div id="a20505" style="position:absolute;font-family:Times New Roman;font-size:16px;left:60.512px;top:626.8px;">&#160;</div><div id="a20506" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:646px;">First nine months 2020 </div><div id="a20508" style="position:absolute;font-size:9.28px;font-weight:bold;left:352.453px;top:659.5px;">E&amp;P </div><div id="a20509" style="position:absolute;font-size:9.28px;font-weight:bold;left:337.733px;top:671.6px;">Norway<div style="display:inline-block;width:2.64px">&#160;</div></div><div id="a20511" style="position:absolute;font-size:9.28px;font-weight:bold;left:413.28px;top:647.3px;">E&amp;P </div><div id="a20512" style="position:absolute;font-size:9.28px;font-weight:bold;left:378.72px;top:659.5px;">Internationa</div><div id="a20513" style="position:absolute;font-size:9.28px;font-weight:bold;left:429.6px;top:671.6px;">l </div><div id="a20515" style="position:absolute;font-size:9.28px;font-weight:bold;left:446.24px;top:671.6px;">E&amp;P<div style="display:inline-block;width:4.92px">&#160;</div>USA </div><div id="a20517" style="position:absolute;font-size:9.28px;font-weight:bold;left:529.467px;top:671.6px;">MMP </div><div id="a20519" style="position:absolute;font-size:9.28px;font-weight:bold;left:587.427px;top:671.6px;">Other </div><div id="a20521" style="position:absolute;font-size:9.28px;font-weight:bold;left:618.147px;top:671.6px;">Eliminations<div style="display:inline-block;width:2.77px">&#160;</div></div><div id="a20523" style="position:absolute;font-size:9.28px;font-weight:bold;left:711.933px;top:671.6px;">Total<div style="display:inline-block;width:3.52px">&#160;</div></div><div id="a20525" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:671.6px;">(in USD million) </div><div id="a20535" style="position:absolute;left:60.512px;top:725.8px;">Revenues third party,<div style="display:inline-block;width:4.73px">&#160;</div>other revenue and other income </div><div id="a20537" style="position:absolute;left:355.333px;top:725.8px;">33 </div><div id="a20539" style="position:absolute;left:410.08px;top:725.8px;">308 </div><div id="a20541" style="position:absolute;left:468.347px;top:725.8px;">285 </div><div id="a20543" style="position:absolute;left:514.427px;top:725.8px;">33,087 </div><div id="a20545" style="position:absolute;left:590.307px;top:725.8px;">169 </div><div id="a20547" style="position:absolute;left:663.293px;top:725.8px;">0 </div><div id="a20549" style="position:absolute;left:697.533px;top:725.8px;">33,882 </div><div id="a20551" style="position:absolute;left:60.512px;top:743.1px;">Revenues inter-segment </div><div id="a20555" style="position:absolute;left:340.613px;top:743.1px;">7,985 </div><div id="a20557" style="position:absolute;left:401.44px;top:743.1px;">2,412 </div><div id="a20559" style="position:absolute;left:459.68px;top:743.1px;">1,686 </div><div id="a20561" style="position:absolute;left:529.147px;top:743.1px;">232 </div><div id="a20563" style="position:absolute;left:602.147px;top:743.1px;">3 </div><div id="a20565" style="position:absolute;left:633.853px;top:743.1px;">(12,318) </div><div id="a20567" style="position:absolute;left:724.133px;top:743.1px;">0 </div><div id="a20569" style="position:absolute;left:60.512px;top:760.4px;">Net income/(loss) from equity accounted<div style="display:inline-block;width:4.67px">&#160;</div>investments </div><div id="a20572" style="position:absolute;left:361.093px;top:760.4px;">0 </div><div id="a20574" style="position:absolute;left:416.16px;top:760.4px;">22 </div><div id="a20576" style="position:absolute;left:480.187px;top:760.4px;">0 </div><div id="a20578" style="position:absolute;left:535.227px;top:760.4px;">26 </div><div id="a20580" style="position:absolute;left:590.307px;top:760.4px;">142 </div><div id="a20582" style="position:absolute;left:663.293px;top:760.4px;">0 </div><div id="a20584" style="position:absolute;left:712.253px;top:760.4px;">190 </div><div id="a20594" style="position:absolute;left:60.512px;top:805.9px;">Total revenues<div style="display:inline-block;width:4.6px">&#160;</div>and other income<div style="display:inline-block;width:4.22px">&#160;</div></div><div id="a20596" style="position:absolute;left:340.613px;top:805.9px;">8,018 </div><div id="a20598" style="position:absolute;left:401.44px;top:805.9px;">2,742 </div><div id="a20600" style="position:absolute;left:459.68px;top:805.9px;">1,971 </div><div id="a20602" style="position:absolute;left:514.427px;top:805.9px;">33,344 </div><div id="a20604" style="position:absolute;left:590.307px;top:805.9px;">315 </div><div id="a20606" style="position:absolute;left:633.853px;top:805.9px;">(12,318) </div><div id="a20608" style="position:absolute;left:697.533px;top:805.9px;">34,073 </div><div id="a20618" style="position:absolute;left:60.512px;top:861.2px;">Purchases [net of inventory variation] </div><div id="a20620" style="position:absolute;left:361.093px;top:861.2px;">0 </div><div id="a20622" style="position:absolute;left:413.28px;top:861.2px;">(56) </div><div id="a20624" style="position:absolute;left:480.187px;top:861.2px;">0 </div><div id="a20626" style="position:absolute;left:511.547px;top:861.2px;">(27,799) </div><div id="a20628" style="position:absolute;left:602.147px;top:861.2px;">1 </div><div id="a20630" style="position:absolute;left:636.733px;top:861.2px;">12,400 </div><div id="a20632" style="position:absolute;left:694.653px;top:861.2px;">(15,453) </div><div id="a20634" style="position:absolute;left:60.512px;top:888.4px;">Operating, selling, general and administrative </div><div id="a20636" style="position:absolute;left:60.512px;top:902.8px;">expenses </div><div id="a20638" style="position:absolute;left:337.413px;top:902.8px;">(2,076) </div><div id="a20640" style="position:absolute;left:398.24px;top:902.8px;">(1,152) </div><div id="a20642" style="position:absolute;left:456.48px;top:902.8px;">(1,008) </div><div id="a20644" style="position:absolute;left:517.307px;top:902.8px;">(3,998) </div><div id="a20646" style="position:absolute;left:590.307px;top:902.8px;">336 </div><div id="a20648" style="position:absolute;left:651.453px;top:902.8px;">516 </div><div id="a20650" style="position:absolute;left:700.413px;top:902.8px;">(7,382) </div><div id="a20652" style="position:absolute;left:60.512px;top:930.4px;">Depreciation, amortisation and net<div style="display:inline-block;width:4.28px">&#160;</div>impairment losses </div><div id="a20654" style="position:absolute;left:337.413px;top:930.4px;">(4,318) </div><div id="a20656" style="position:absolute;left:398.24px;top:930.4px;">(2,883) </div><div id="a20658" style="position:absolute;left:456.48px;top:930.4px;">(3,171) </div><div id="a20660" style="position:absolute;left:526.267px;top:930.4px;">(709) </div><div id="a20662" style="position:absolute;left:587.427px;top:930.4px;">(676) </div><div id="a20664" style="position:absolute;left:663.293px;top:930.4px;">0 </div><div id="a20666" style="position:absolute;left:694.653px;top:930.4px;">(11,757) </div><div id="a20668" style="position:absolute;left:60.512px;top:957.6px;">Exploration expenses </div><div id="a20670" style="position:absolute;left:346.373px;top:957.6px;">(330) </div><div id="a20672" style="position:absolute;left:407.2px;top:957.6px;">(840) </div><div id="a20674" style="position:absolute;left:465.467px;top:957.6px;">(745) </div><div id="a20676" style="position:absolute;left:540.987px;top:957.6px;">0 </div><div id="a20678" style="position:absolute;left:602.147px;top:957.6px;">1 </div><div id="a20680" style="position:absolute;left:663.293px;top:957.6px;">0 </div><div id="a20682" style="position:absolute;left:700.413px;top:957.6px;">(1,914) </div><div id="a20692" style="position:absolute;left:60.512px;top:1002.4px;">Total operating<div style="display:inline-block;width:4.65px">&#160;</div>expenses </div><div id="a20695" style="position:absolute;left:337.413px;top:1002.4px;">(6,724) </div><div id="a20697" style="position:absolute;left:398.24px;top:1002.4px;">(4,931) </div><div id="a20699" style="position:absolute;left:456.48px;top:1002.4px;">(4,924) </div><div id="a20701" style="position:absolute;left:511.547px;top:1002.4px;">(32,505) </div><div id="a20703" style="position:absolute;left:587.427px;top:1002.4px;">(338) </div><div id="a20705" style="position:absolute;left:636.733px;top:1002.4px;">12,916 </div><div id="a20707" style="position:absolute;left:694.653px;top:1002.4px;">(36,506) </div></div>
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<div style="position:absolute; width:61.2px; height:17.3px; left:676.1px; top:94.4px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:51.9px; height:27.6px; left:678.7px; top:153.9px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:680.3px; height:1px; left:57px; top:374.2px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:318.8px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:111.7px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:51.9px; height:82.3px; left:678.7px; top:236.5px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:61.2px; height:54.7px; left:676.1px; top:319.5px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:61.2px; height:206.5px; left:676.1px; top:112.4px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:61.2px; height:17.3px; left:676.1px; top:94.4px; background-color:#F2F1F1;">&#160;</div>
<div id="a20717" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a20718" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a20719" style="position:absolute;left:60.512px;top:94.9px;">Net operating income/(loss) </div><div id="a20721" style="position:absolute;left:340.613px;top:94.9px;">1,294 </div><div id="a20723" style="position:absolute;left:398.24px;top:94.9px;">(2,189) </div><div id="a20725" style="position:absolute;left:456.48px;top:94.9px;">(2,953) </div><div id="a20727" style="position:absolute;left:529.147px;top:94.9px;">839 </div><div id="a20729" style="position:absolute;left:593.507px;top:94.9px;">(23) </div><div id="a20731" style="position:absolute;left:651.453px;top:94.9px;">599 </div><div id="a20733" style="position:absolute;left:700.413px;top:94.9px;">(2,434) </div><div id="a20743" style="position:absolute;left:60.512px;top:140.1px;">Additions to PP&amp;E, intangibles<div style="display:inline-block;width:4.23px">&#160;</div>and equity accounted </div><div id="a20744" style="position:absolute;left:60.512px;top:154.5px;">investments </div><div id="a20746" style="position:absolute;left:340.613px;top:154.5px;">3,511 </div><div id="a20748" style="position:absolute;left:401.44px;top:154.5px;">1,582 </div><div id="a20750" style="position:absolute;left:468.347px;top:154.5px;">945 </div><div id="a20752" style="position:absolute;left:529.147px;top:154.5px;">142 </div><div id="a20754" style="position:absolute;left:590.307px;top:154.5px;">768 </div><div id="a20756" style="position:absolute;left:663.293px;top:154.5px;">0 </div><div id="a20758" style="position:absolute;left:703.613px;top:154.5px;">6,948 </div><div id="a20768" style="position:absolute;left:60.512px;top:209.5px;">Balance sheet information </div><div id="a20777" style="position:absolute;left:60.512px;top:237.1px;">Equity accounted investments </div><div id="a20779" style="position:absolute;left:361.093px;top:237.1px;">2 </div><div id="a20781" style="position:absolute;left:410.08px;top:237.1px;">581 </div><div id="a20783" style="position:absolute;left:480.187px;top:237.1px;">0 </div><div id="a20785" style="position:absolute;left:535.227px;top:237.1px;">90 </div><div id="a20787" style="position:absolute;left:590.307px;top:237.1px;">977 </div><div id="a20789" style="position:absolute;left:663.293px;top:237.1px;">0 </div><div id="a20791" style="position:absolute;left:703.613px;top:237.1px;">1,650 </div><div id="a20793" style="position:absolute;left:60.512px;top:264.3px;">Non-current segment assets<div style="display:inline-block;width:4.35px">&#160;</div></div><div id="a20797" style="position:absolute;left:334.533px;top:264.3px;">31,442 </div><div id="a20799" style="position:absolute;left:395.36px;top:264.3px;">18,710 </div><div id="a20801" style="position:absolute;left:453.6px;top:264.3px;">14,113 </div><div id="a20803" style="position:absolute;left:520.507px;top:264.3px;">4,427 </div><div id="a20805" style="position:absolute;left:581.667px;top:264.3px;">3,964 </div><div id="a20807" style="position:absolute;left:663.293px;top:264.3px;">0 </div><div id="a20809" style="position:absolute;left:697.533px;top:264.3px;">72,655 </div><div id="a20811" style="position:absolute;left:60.512px;top:291.8px;">Non-current assets not allocated to<div style="display:inline-block;width:4.23px">&#160;</div>segments<div style="display:inline-block;width:6.76px">&#160;</div></div><div id="a20821" style="position:absolute;left:697.533px;top:291.8px;">11,995 </div><div id="a20831" style="position:absolute;left:60.512px;top:347.5px;">Total non-current<div style="display:inline-block;width:4.92px">&#160;</div>assets<div style="display:inline-block;width:3.43px">&#160;</div></div><div id="a20841" style="position:absolute;left:697.533px;top:347.5px;">86,300 </div></div>
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<div style="position:absolute; width:55.7px; height:25.6px; left:678.7px; top:121px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:51.9px; height:27.2px; left:678.7px; top:556.6px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:679.3px; height:77.1px; left:58px; top:95.1px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:55.7px; height:82.3px; left:678.7px; top:376.1px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:51.9px; height:82.3px; left:678.7px; top:628.3px; background-color:#F2F1F1;">&#160;</div>
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<div style="position:absolute; width:61.2px; height:33px; left:676.1px; top:459px; background-color:#F2F1F1;">&#160;</div>
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<div style="position:absolute; width:679.3px; height:1px; left:58px; top:306.3px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:250.9px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:525.6px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:458.4px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:172.2px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:679.3px; height:1px; left:58px; top:94.4px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:52.8px; height:63.7px; left:437.6px; top:108.5px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:55.7px; height:75.8px; left:376.5px; top:96.4px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:46.7px; height:38.1px; left:324.6px; top:108.5px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:258.7px; height:51.5px; left:60.5px; top:95.1px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:679.3px; height:25.6px; left:58px; top:146.6px; background-color:#E6FAEC;">&#160;</div>
<div style="position:absolute; width:415.2px; height:51.5px; left:322.1px; top:95.1px; background-color:#E6FAEC;">&#160;</div>
<div id="a20843" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a20844" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a20845" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:95.2px;">First nine months 2019 </div><div id="a20847" style="position:absolute;font-size:9.28px;font-weight:bold;left:352.453px;top:108.9px;">E&amp;P </div><div id="a20848" style="position:absolute;font-size:9.28px;font-weight:bold;left:337.733px;top:121.1px;">Norway<div style="display:inline-block;width:2.64px">&#160;</div></div><div id="a20850" style="position:absolute;font-size:9.28px;font-weight:bold;left:413.28px;top:96.8px;">E&amp;P </div><div id="a20851" style="position:absolute;font-size:9.28px;font-weight:bold;left:378.72px;top:108.9px;">Internationa</div><div id="a20852" style="position:absolute;font-size:9.28px;font-weight:bold;left:429.6px;top:121.1px;">l </div><div id="a20854" style="position:absolute;font-size:9.28px;font-weight:bold;left:471.547px;top:108.9px;">E&amp;P<div style="display:inline-block;width:23.16px">&#160;</div></div><div id="a20855" style="position:absolute;font-size:9.28px;font-weight:bold;left:470.587px;top:121.1px;">USA </div><div id="a20857" style="position:absolute;font-size:9.28px;font-weight:bold;left:529.467px;top:121.1px;">MMP </div><div id="a20859" style="position:absolute;font-size:9.28px;font-weight:bold;left:587.427px;top:121.1px;">Other </div><div id="a20861" style="position:absolute;font-size:9.28px;font-weight:bold;left:618.147px;top:121.1px;">Eliminations<div style="display:inline-block;width:2.77px">&#160;</div></div><div id="a20863" style="position:absolute;font-size:9.28px;font-weight:bold;left:711.933px;top:121.1px;">Total<div style="display:inline-block;width:3.52px">&#160;</div></div><div id="a20865" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:121.1px;">(in USD million) </div><div id="a20869" style="position:absolute;font-size:9.28px;font-weight:bold;left:389.6px;top:146.7px;">(restated) </div><div id="a20871" style="position:absolute;font-size:9.28px;font-weight:bold;left:447.84px;top:146.7px;">(restated) </div><div id="a20885" style="position:absolute;left:60.512px;top:200.9px;">Revenues third party,<div style="display:inline-block;width:4.73px">&#160;</div>other revenue and other income </div><div id="a20887" style="position:absolute;left:340.613px;top:200.9px;">1,026 </div><div id="a20889" style="position:absolute;left:401.44px;top:200.9px;">1,310 </div><div id="a20891" style="position:absolute;left:468.347px;top:200.9px;">320 </div><div id="a20893" style="position:absolute;left:514.427px;top:200.9px;">46,149 </div><div id="a20895" style="position:absolute;left:590.307px;top:200.9px;">235 </div><div id="a20897" style="position:absolute;left:663.293px;top:200.9px;">0 </div><div id="a20899" style="position:absolute;left:697.533px;top:200.9px;">49,040 </div><div id="a20901" style="position:absolute;left:60.512px;top:217.9px;">Revenues inter-segment </div><div id="a20905" style="position:absolute;left:334.533px;top:217.9px;">12,835 </div><div id="a20907" style="position:absolute;left:401.44px;top:217.9px;">3,271 </div><div id="a20909" style="position:absolute;left:459.68px;top:217.9px;">2,854 </div><div id="a20911" style="position:absolute;left:529.147px;top:217.9px;">312 </div><div id="a20913" style="position:absolute;left:602.147px;top:217.9px;">3 </div><div id="a20915" style="position:absolute;left:633.853px;top:217.9px;">(19,275) </div><div id="a20917" style="position:absolute;left:724.133px;top:217.9px;">0 </div><div id="a20919" style="position:absolute;left:60.512px;top:234.5px;">Net income/(loss) from equity accounted<div style="display:inline-block;width:4.61px">&#160;</div>investments </div><div id="a20921" style="position:absolute;left:355.333px;top:234.5px;">15 </div><div id="a20923" style="position:absolute;left:416.16px;top:234.5px;">27 </div><div id="a20925" style="position:absolute;left:480.187px;top:234.5px;">5 </div><div id="a20927" style="position:absolute;left:535.227px;top:234.5px;">20 </div><div id="a20929" style="position:absolute;left:596.387px;top:234.5px;">82 </div><div id="a20931" style="position:absolute;left:663.293px;top:234.5px;">0 </div><div id="a20933" style="position:absolute;left:712.253px;top:234.5px;">149 </div><div id="a20943" style="position:absolute;left:60.512px;top:279.3px;">Total revenues<div style="display:inline-block;width:4.6px">&#160;</div>and other income<div style="display:inline-block;width:4.22px">&#160;</div></div><div id="a20945" style="position:absolute;left:334.533px;top:279.3px;">13,876 </div><div id="a20947" style="position:absolute;left:401.44px;top:279.3px;">4,608 </div><div id="a20949" style="position:absolute;left:459.68px;top:279.3px;">3,179 </div><div id="a20951" style="position:absolute;left:514.427px;top:279.3px;">46,481 </div><div id="a20953" style="position:absolute;left:590.307px;top:279.3px;">320 </div><div id="a20955" style="position:absolute;left:633.853px;top:279.3px;">(19,275) </div><div id="a20957" style="position:absolute;left:697.533px;top:279.3px;">49,189 </div><div id="a20967" style="position:absolute;left:60.512px;top:335px;">Purchases [net of inventory variation] </div><div id="a20969" style="position:absolute;left:361.093px;top:335px;">1 </div><div id="a20971" style="position:absolute;left:419.04px;top:335px;">(9) </div><div id="a20973" style="position:absolute;left:477.307px;top:335px;">(1) </div><div id="a20975" style="position:absolute;left:511.547px;top:335px;">(41,581) </div><div id="a20977" style="position:absolute;left:599.267px;top:335px;">(0) </div><div id="a20979" style="position:absolute;left:636.733px;top:335px;">18,661 </div><div id="a20981" style="position:absolute;left:694.653px;top:335px;">(22,928) </div><div id="a20983" style="position:absolute;left:60.512px;top:362.2px;">Operating, selling, general and administrative </div><div id="a20984" style="position:absolute;left:60.512px;top:376.6px;">expenses </div><div id="a20986" style="position:absolute;left:337.413px;top:376.6px;">(2,441) </div><div id="a20988" style="position:absolute;left:398.24px;top:376.6px;">(1,324) </div><div id="a20990" style="position:absolute;left:456.48px;top:376.6px;">(1,226) </div><div id="a20992" style="position:absolute;left:517.307px;top:376.6px;">(3,753) </div><div id="a20994" style="position:absolute;left:590.307px;top:376.6px;">103 </div><div id="a20996" style="position:absolute;left:651.453px;top:376.6px;">578 </div><div id="a20998" style="position:absolute;left:700.413px;top:376.6px;">(8,063) </div><div id="a21000" style="position:absolute;left:60.512px;top:404.1px;">Depreciation, amortisation and net<div style="display:inline-block;width:4.28px">&#160;</div>impairment losses </div><div id="a21002" style="position:absolute;left:337.413px;top:404.1px;">(2,945) </div><div id="a21004" style="position:absolute;left:398.24px;top:404.1px;">(1,491) </div><div id="a21006" style="position:absolute;left:456.48px;top:404.1px;">(3,558) </div><div id="a21008" style="position:absolute;left:526.267px;top:404.1px;">(504) </div><div id="a21010" style="position:absolute;left:587.427px;top:404.1px;">(541) </div><div id="a21012" style="position:absolute;left:663.293px;top:404.1px;">0 </div><div id="a21014" style="position:absolute;left:700.413px;top:404.1px;">(9,039) </div><div id="a21016" style="position:absolute;left:60.512px;top:431.4px;">Exploration expenses </div><div id="a21018" style="position:absolute;left:346.373px;top:431.4px;">(335) </div><div id="a21020" style="position:absolute;left:407.2px;top:431.4px;">(367) </div><div id="a21022" style="position:absolute;left:465.467px;top:431.4px;">(672) </div><div id="a21024" style="position:absolute;left:540.987px;top:431.4px;">0 </div><div id="a21026" style="position:absolute;left:602.147px;top:431.4px;">0 </div><div id="a21028" style="position:absolute;left:663.293px;top:431.4px;">0 </div><div id="a21030" style="position:absolute;left:700.413px;top:431.4px;">(1,374) </div><div id="a21040" style="position:absolute;left:60.512px;top:475.8px;">Total operating<div style="display:inline-block;width:4.65px">&#160;</div>expenses </div><div id="a21042" style="position:absolute;left:337.413px;top:475.8px;">(5,721) </div><div id="a21044" style="position:absolute;left:398.24px;top:475.8px;">(3,190) </div><div id="a21046" style="position:absolute;left:456.48px;top:475.8px;">(5,457) </div><div id="a21048" style="position:absolute;left:511.547px;top:475.8px;">(45,837) </div><div id="a21050" style="position:absolute;left:587.427px;top:475.8px;">(439) </div><div id="a21052" style="position:absolute;left:636.733px;top:475.8px;">19,239 </div><div id="a21054" style="position:absolute;left:694.653px;top:475.8px;">(41,405) </div><div 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style="position:absolute;left:340.613px;top:557.1px;">5,860 </div><div id="a21093" style="position:absolute;left:401.44px;top:557.1px;">2,291 </div><div id="a21095" style="position:absolute;left:459.68px;top:557.1px;">2,486 </div><div id="a21097" style="position:absolute;left:529.147px;top:557.1px;">674 </div><div id="a21099" style="position:absolute;left:590.307px;top:557.1px;">596 </div><div id="a21101" style="position:absolute;left:663.293px;top:557.1px;">0 </div><div id="a21103" style="position:absolute;left:697.533px;top:557.1px;">11,907 </div><div id="a21113" style="position:absolute;left:60.512px;top:601.3px;">Balance sheet information </div><div id="a21123" style="position:absolute;left:60.512px;top:628.8px;">Equity accounted investments<div style="display:inline-block;width:4.38px">&#160;</div></div><div id="a21125" style="position:absolute;left:361.093px;top:628.8px;">2 </div><div id="a21127" style="position:absolute;left:410.08px;top:628.8px;">306 </div><div id="a21129" 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style="position:absolute;left:663.293px;top:656.4px;">0 </div><div id="a21155" style="position:absolute;left:697.533px;top:656.4px;">80,831 </div><div id="a21157" style="position:absolute;left:60.512px;top:683.9px;">Non-current assets not allocated to<div style="display:inline-block;width:4.23px">&#160;</div>segments<div style="display:inline-block;width:6.76px">&#160;</div></div><div id="a21167" style="position:absolute;left:697.533px;top:683.9px;">10,151 </div><div id="a21177" style="position:absolute;left:60.512px;top:739.3px;">Total non-current<div style="display:inline-block;width:4.92px">&#160;</div>assets<div style="display:inline-block;width:3.43px">&#160;</div></div><div id="a21187" style="position:absolute;left:697.533px;top:739.3px;">92,403 </div><div id="a21197" style="position:absolute;font-size:11.2px;left:60.512px;top:796.3px;">In the third quarter of<div style="display:inline-block;width:4.54px">&#160;</div>2020 Equinor recognised<div 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style="position:absolute;font-size:11.2px;left:60.512px;top:949.6px;">In the E&amp;P USA segment the<div style="display:inline-block;width:5.07px">&#160;</div>net impairment was USD 1,37<div style="display:inline-block;width:1.67px">&#160;</div>7<div style="display:inline-block;width:3.37px">&#160;</div>million of which USD 386<div style="display:inline-block;width:4.84px">&#160;</div>million was classified<div style="display:inline-block;width:4.58px">&#160;</div>as exploration expenses. </div><div id="a21463" style="position:absolute;font-size:11.2px;left:60.512px;top:965px;">Impairment losses of<div style="display:inline-block;width:4.87px">&#160;</div>USD 1,611<div style="display:inline-block;width:4.63px">&#160;</div>million were mainly caused<div style="display:inline-block;width:4.45px">&#160;</div>by reduced price<div style="display:inline-block;width:4.26px">&#160;</div>assumptions. USD 1,447<div style="display:inline-block;width:4.82px">&#160;</div>million related<div style="display:inline-block;width:3.89px">&#160;</div>to North </div><div id="a21506" style="position:absolute;font-size:11.2px;left:60.512px;top:980.3px;">America non-conventional<div style="display:inline-block;width:4.94px">&#160;</div>assets and USD 164 million<div style="display:inline-block;width:4.89px">&#160;</div>related<div style="display:inline-block;width:3.51px">&#160;</div>to North America -<div style="display:inline-block;width:4.22px">&#160;</div>conventional offshore<div style="display:inline-block;width:4.81px">&#160;</div>Gulf of Mexico assets<div style="display:inline-block;width:1.44px">&#160;</div>. </div><div id="a21550" style="position:absolute;font-size:11.2px;left:60.512px;top:995.7px;">Impairment reversals<div style="display:inline-block;width:4.59px">&#160;</div>of USD 234 million<div style="display:inline-block;width:4.24px">&#160;</div>related<div style="display:inline-block;width:3.55px">&#160;</div>to North America non<div style="display:inline-block;width:1.4px">&#160;</div>-conventional assets due<div style="display:inline-block;width:4.77px">&#160;</div>to performance trends and </div><div id="a21589" style="position:absolute;font-size:11.2px;left:60.512px;top:1011.1px;">accelerated production.</div><div id="a21592" style="position:absolute;font-size:14.72px;left:178.307px;top:1007.8px;">&#160;</div><div id="a21593" style="position:absolute;font-size:14.72px;left:60.512px;top:1023.2px;">&#160;</div></div>
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<div id="a21594" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a21595" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a21596" style="position:absolute;font-size:11.2px;left:60.512px;top:96.3px;">Most of the renewabl<div style="display:inline-block;width:1.35px">&#160;</div>e<div style="display:inline-block;width:3.37px">&#160;</div>assets in Equinor Group<div style="display:inline-block;width:4.71px">&#160;</div>are accounted for using<div style="display:inline-block;width:4.57px">&#160;</div>equity method and the results<div style="display:inline-block;width:4.81px">&#160;</div>are presented in the Other </div><div id="a21641" style="position:absolute;font-size:11.2px;left:60.512px;top:111.6px;">reporting segment.<div style="display:inline-block;width:4.57px">&#160;</div>The net income from the<div style="display:inline-block;width:4.4px">&#160;</div>equity accounted investments<div style="display:inline-block;width:5.47px">&#160;</div>within the operating segment<div style="display:inline-block;width:4.71px">&#160;</div>NES was USD 60 million in </div><div id="a21681" style="position:absolute;font-size:11.2px;left:60.512px;top:127px;">the third quarter of 2020<div style="display:inline-block;width:4.97px">&#160;</div>and USD 142 million in<div style="display:inline-block;width:4.54px">&#160;</div>the first nine months of 2020,<div style="display:inline-block;width:5.03px">&#160;</div>which compares to USD 29 million<div style="display:inline-block;width:5.19px">&#160;</div>in the third quarter of </div><div id="a21735" style="position:absolute;font-size:11.2px;left:60.512px;top:142.3px;">2019 and USD 82 million<div style="display:inline-block;width:4.78px">&#160;</div>in the first nine months<div style="display:inline-block;width:4.51px">&#160;</div>of 2019. Current quarter<div style="display:inline-block;width:4.97px">&#160;</div>result was materially impacted<div style="display:inline-block;width:4.94px">&#160;</div>by the reversal of losses in </div><div id="a21783" style="position:absolute;font-size:11.2px;left:60.512px;top:157.7px;">the Dogger Bank projects<div style="display:inline-block;width:1.65px">&#160;</div>.<div style="display:inline-block;width:3.29px">&#160;</div>This was partially offset<div style="display:inline-block;width:4.83px">&#160;</div>by lower income from other<div style="display:inline-block;width:4.79px">&#160;</div>equity accounted investments<div style="display:inline-block;width:4.83px">&#160;</div>including the effect<div style="display:inline-block;width:4.43px">&#160;</div>of </div><div id="a21825" style="position:absolute;font-size:11.2px;left:60.512px;top:173.1px;">reduced ownership<div style="display:inline-block;width:4.6px">&#160;</div>share in Arkona wind<div style="display:inline-block;width:4.24px">&#160;</div>farm compared to 2019.</div><div id="a21846" style="position:absolute;font-size:14.72px;left:388.96px;top:169.9px;">&#160;</div><div id="a21847" style="position:absolute;font-size:14.72px;left:60.512px;top:185.2px;">&#160;</div><div id="a21848" style="position:absolute;font-size:11.2px;left:60.512px;top:203.8px;">For information regarding<div style="display:inline-block;width:4.85px">&#160;</div>acquisition and dispo<div style="display:inline-block;width:1.38px">&#160;</div>sal of interests, see note<div style="display:inline-block;width:4.71px">&#160;</div>3 Acquisitions and disposals. </div><div id="a21877" style="position:absolute;font-size:14.72px;left:571.747px;top:200.6px;">&#160;</div><div id="a21878" style="position:absolute;font-size:14.72px;left:60.512px;top:215.9px;">&#160;</div><div id="a21879" style="position:absolute;font-size:11.2px;left:60.512px;top:234.5px;">See also note 8 Impact<div style="display:inline-block;width:4.84px">&#160;</div>of the Covid-19 pandemic<div style="display:inline-block;width:4.6px">&#160;</div>and oil price decline.</div><div id="a21906" style="position:absolute;font-size:14.72px;left:415.2px;top:231.3px;">&#160;</div><div id="a21907" style="position:absolute;font-size:14.72px;left:60.512px;top:246.3px;">&#160;</div></div>
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style="position:absolute;left:593.507px;top:811.9px;">839 </div><div id="a22441" style="position:absolute;left:639.933px;top:811.9px;">1,224 </div><div id="a22443" style="position:absolute;left:699.773px;top:811.9px;">5,807 </div><div id="a22445" style="position:absolute;left:60.512px;top:828.6px;">Transportation </div><div id="a22447" style="position:absolute;font-weight:bold;left:538.427px;top:828.6px;">295 </div><div id="a22449" style="position:absolute;left:593.507px;top:828.6px;">286 </div><div id="a22451" style="position:absolute;left:648.573px;top:828.6px;">205 </div><div id="a22453" style="position:absolute;left:708.413px;top:828.6px;">967 </div><div id="a22455" style="position:absolute;left:60.512px;top:845.5px;">Other sales </div><div id="a22457" style="position:absolute;font-weight:bold;left:544.507px;top:845.5px;">91 </div><div id="a22459" style="position:absolute;left:599.587px;top:845.5px;">88 </div><div id="a22461" 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style="position:absolute;left:654.653px;top:912.8px;">83 </div><div id="a22495" style="position:absolute;left:708.413px;top:912.8px;">344 </div><div id="a22497" style="position:absolute;left:60.512px;top:929.7px;">Physically settled commodity derivatives </div><div id="a22499" style="position:absolute;font-weight:bold;left:541.307px;top:929.7px;">(16) </div><div id="a22501" style="position:absolute;left:593.507px;top:929.7px;">152 </div><div id="a22503" style="position:absolute;left:645.373px;top:929.7px;">(610) </div><div id="a22505" style="position:absolute;left:696.573px;top:929.7px;">(1,086) </div><div id="a22507" style="position:absolute;left:60.512px;top:946.4px;">Gain/(loss) on commodity derivatives </div><div id="a22509" style="position:absolute;font-weight:bold;left:541.307px;top:946.4px;">(44) </div><div id="a22511" style="position:absolute;left:590.307px;top:946.4px;">(318) </div><div id="a22513" style="position:absolute;left:648.573px;top:946.4px;">298 </div><div 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<div id="a22553" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a22554" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a22555" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:93px;">3 Acquisitions and disposals</div><div id="a22562" style="position:absolute;font-size:11.2px;left:262.813px;top:96.3px;">&#160;</div><div id="a22563" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:111.6px;">&#160;</div><div id="a22564" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:127px;">Divestment of non-operated<div style="display:inline-block;width:4.94px">&#160;</div>interest in the Empire<div style="display:inline-block;width:4.56px">&#160;</div>Wind and Beacon Wind assets<div style="display:inline-block;width:5.51px">&#160;</div>on the US east coast </div><div id="a22600" style="position:absolute;font-size:11.2px;left:60.512px;top:142.3px;">On 10 September 2020<div style="display:inline-block;width:4.88px">&#160;</div>Equinor entered into an<div style="display:inline-block;width:4.59px">&#160;</div>agreement with BP to sell<div style="display:inline-block;width:4.55px">&#160;</div>50% non-operated interests<div style="display:inline-block;width:4.87px">&#160;</div>in the Empire Wind and </div><div id="a22644" style="position:absolute;font-size:11.2px;left:60.512px;top:157.7px;">Beacon Wind assets<div style="display:inline-block;width:4.5px">&#160;</div>for a total consideration<div style="display:inline-block;width:4.56px">&#160;</div>before adjustments<div style="display:inline-block;width:4.33px">&#160;</div>of USD 1.1 billion. Through<div style="display:inline-block;width:5.08px">&#160;</div>this transaction, the two<div style="display:inline-block;width:4.65px">&#160;</div>companies are </div><div id="a22685" style="position:absolute;font-size:11.2px;left:60.512px;top:173.1px;">also establishing a strategic<div style="display:inline-block;width:5.17px">&#160;</div>partnership for further growth<div style="display:inline-block;width:4.76px">&#160;</div>within offshore wind<div style="display:inline-block;width:4.59px">&#160;</div>in the US. Following the<div style="display:inline-block;width:4.66px">&#160;</div>transaction, Equinor will </div><div id="a22723" style="position:absolute;font-size:11.2px;left:60.512px;top:188.5px;">remain the operator<div style="display:inline-block;width:4.69px">&#160;</div>with a 50% interest.<div style="display:inline-block;width:4.37px">&#160;</div>The 100% of interest share<div style="display:inline-block;width:4.79px">&#160;</div>has been reclassified<div style="display:inline-block;width:4.25px">&#160;</div>as held for sale. 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<div id="a23754" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a23755" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a23756" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:96.9px;">5 Income taxes </div><div id="a23762" style="position:absolute;font-size:9.28px;font-weight:bold;left:119.392px;top:131.3px;">Quarters </div><div id="a23766" style="position:absolute;font-size:9.28px;font-weight:bold;left:584.867px;top:131.3px;">First nine months </div><div id="a23768" style="position:absolute;font-size:9.28px;font-weight:bold;left:690.813px;top:131.3px;">Full year </div><div id="a23770" style="position:absolute;font-size:9.28px;font-weight:bold;left:73.312px;top:156.9px;">Q3 2020 </div><div id="a23772" style="position:absolute;font-size:9.28px;font-weight:bold;left:127.424px;top:156.9px;">Q2 2020 </div><div id="a23775" 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style="position:absolute;font-weight:bold;left:587.427px;top:187.8px;">(2,859) </div><div id="a23805" style="position:absolute;left:645.053px;top:187.8px;">8,272 </div><div id="a23807" style="position:absolute;left:698.813px;top:187.8px;">9,292 </div><div id="a23809" style="position:absolute;font-weight:bold;left:93.472px;top:204.7px;">95 </div><div id="a23811" style="position:absolute;left:141.507px;top:204.7px;">469 </div><div id="a23813" style="position:absolute;left:192.067px;top:204.7px;">(978) </div><div id="a23816" style="position:absolute;left:234.653px;top:204.7px;">Income tax </div><div id="a23818" style="position:absolute;font-weight:bold;left:596.387px;top:204.7px;">(221) </div><div id="a23820" style="position:absolute;left:641.533px;top:204.7px;">(6,191) </div><div id="a23822" style="position:absolute;left:695.293px;top:204.7px;">(7,441) </div><div id="a23824" style="position:absolute;font-weight:bold;left:84.832px;top:221.4px;">4.3% </div><div id="a23826" 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<div id="a24621" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a24622" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a24623" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:94.7px;">Impairments and impairment<div style="display:inline-block;width:4.72px">&#160;</div>reversals </div><div id="a24632" style="position:absolute;font-size:11.2px;left:60.512px;top:109.7px;">For information on impairment<div style="display:inline-block;width:5.23px">&#160;</div>losses and reversals per<div style="display:inline-block;width:4.73px">&#160;</div>reporting segment, see note<div style="display:inline-block;width:4.91px">&#160;</div>2 Segments.</div><div id="a24659" style="position:absolute;font-family:Calibri;font-size:11.2px;font-weight:bold;left:549.027px;top:109.4px;">&#160;</div><div id="a24660" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:138.7px;">First nine months 2020 </div><div id="a24663" style="position:absolute;font-size:9.28px;font-weight:bold;left:526.587px;top:152.4px;">Property, plant and </div><div id="a24664" style="position:absolute;font-size:9.28px;font-weight:bold;left:564.387px;top:164.3px;">equipment </div><div id="a24666" style="position:absolute;font-size:9.28px;font-weight:bold;left:628.067px;top:152.4px;">Intangible </div><div id="a24667" style="position:absolute;font-size:9.28px;font-weight:bold;left:643.133px;top:164.3px;">assets </div><div id="a24669" style="position:absolute;font-size:9.28px;font-weight:bold;left:710.973px;top:164.3px;">Total </div><div id="a24671" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:164.3px;">(in USD million) </div><div id="a24677" style="position:absolute;left:60.512px;top:218.5px;">Producing and development assets </div><div id="a24679" style="position:absolute;left:584.867px;top:218.5px;">4,732 </div><div id="a24681" style="position:absolute;left:654.333px;top:218.5px;">589 </div><div id="a24683" style="position:absolute;left:706.813px;top:218.5px;">5,321 </div><div id="a24685" style="position:absolute;left:60.512px;top:235.5px;">Goodwill </div><div id="a24687" style="position:absolute;left:604.067px;top:235.5px;">- </div><div id="a24689" style="position:absolute;left:666.173px;top:235.5px;">1 </div><div id="a24691" style="position:absolute;left:727.333px;top:235.5px;">1 </div><div id="a24693" style="position:absolute;left:60.512px;top:252.1px;">Acquisition costs related to oil and gas<div style="display:inline-block;width:4.7px">&#160;</div>prospects </div><div id="a24695" style="position:absolute;left:604.067px;top:252.1px;">- </div><div id="a24697" style="position:absolute;left:654.333px;top:252.1px;">434 </div><div id="a24699" style="position:absolute;left:715.493px;top:252.1px;">434 </div><div id="a24705" style="position:absolute;left:60.512px;top:296.9px;">Total net<div style="display:inline-block;width:4.24px">&#160;</div>impairment losses/(reversals)<div style="display:inline-block;width:4.54px">&#160;</div>recognised </div><div id="a24708" style="position:absolute;left:584.867px;top:296.9px;">4,732 </div><div id="a24710" style="position:absolute;left:645.693px;top:296.9px;">1,023 </div><div id="a24712" style="position:absolute;left:706.813px;top:296.9px;">5,755 </div><div id="a24718" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:338.7px;">&#160;</div><div id="a24719" style="position:absolute;font-size:11.2px;left:60.512px;top:357.1px;">The net impairments<div style="display:inline-block;width:4.51px">&#160;</div>have been recognised<div style="display:inline-block;width:4.69px">&#160;</div>in the Consolidated statement<div style="display:inline-block;width:4.85px">&#160;</div>of income as Depreciation,<div style="display:inline-block;width:4.75px">&#160;</div>amortisation and net </div><div id="a24753" style="position:absolute;font-size:11.2px;left:60.512px;top:372.5px;">impairment losses and<div style="display:inline-block;width:4.79px">&#160;</div>Exploration expenses<div style="display:inline-block;width:4.3px">&#160;</div>based on the impaired<div style="display:inline-block;width:4.76px">&#160;</div>assets&#8217; 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Following<div style="display:inline-block;width:4.85px">&#160;</div>management&#8217;s analysis<div style="display:inline-block;width:4.83px">&#160;</div>of the expected development<div style="display:inline-block;width:5.34px">&#160;</div>in drivers for the different<div style="display:inline-block;width:4.68px">&#160;</div>commodity markets and </div><div id="a25424" style="position:absolute;font-size:11.2px;left:60.512px;top:739.9px;">exchange rates, Equinor<div style="display:inline-block;width:4.7px">&#160;</div>has decided to revise<div style="display:inline-block;width:4.62px">&#160;</div>the assumptions. As a result,<div style="display:inline-block;width:5.03px">&#160;</div>both short-<div style="display:inline-block;width:3.77px">&#160;</div>and long-term prices have<div style="display:inline-block;width:4.66px">&#160;</div>been reduced, </div><div id="a25467" style="position:absolute;font-size:11.2px;left:60.512px;top:755.3px;">some by more than<div style="display:inline-block;width:4.65px">&#160;</div>twenty percent. Management<div style="display:inline-block;width:4.75px">&#160;</div>will continue to monitor<div style="display:inline-block;width:4.83px">&#160;</div>these developments and<div style="display:inline-block;width:4.43px">&#160;</div>the impact they may have<div style="display:inline-block;width:4.89px">&#160;</div>on its </div><div id="a25510" style="position:absolute;font-size:11.2px;left:60.512px;top:770.7px;">commodity price<div style="display:inline-block;width:4.26px">&#160;</div>assumptions.<div style="display:inline-block;width:7px">&#160;</div></div><div id="a25517" style="position:absolute;font-size:11.2px;left:60.512px;top:786.1px;">&#160;</div><div id="a25518" style="position:absolute;font-size:11.2px;left:60.512px;top:801.4px;">For Brent-blend,<div style="display:inline-block;width:4.23px">&#160;</div>compared to current prices,<div style="display:inline-block;width:5.14px">&#160;</div>we expect a strengthening<div style="display:inline-block;width:4.67px">&#160;</div>of the prices through the<div style="display:inline-block;width:4.72px">&#160;</div>2020s.<div style="display:inline-block;width:3.49px">&#160;</div>In 2025,<div style="display:inline-block;width:3.68px">&#160;</div>the assumption is 65 </div><div id="a25566" style="position:absolute;font-size:11.2px;left:60.512px;top:816.8px;">USD/bbl (78 USD/bbl)<div style="display:inline-block;width:1.52px">&#160;</div>,<div style="display:inline-block;width:3.29px">&#160;</div>with a further increase towards<div style="display:inline-block;width:4.99px">&#160;</div>2030. Beyond 2030<div style="display:inline-block;width:1.43px">&#160;</div>,<div style="display:inline-block;width:2.97px">&#160;</div>we expect a gradual decline<div style="display:inline-block;width:4.9px">&#160;</div>with an estimate of 64 </div><div id="a25610" style="position:absolute;font-size:11.2px;left:60.512px;top:832.1px;">USD/bbl in 2040<div style="display:inline-block;width:4.55px">&#160;</div>(82 USD/bbl),<div style="display:inline-block;width:3.86px">&#160;</div>which approximates the<div style="display:inline-block;width:4.62px">&#160;</div>average price level for the<div style="display:inline-block;width:4.62px">&#160;</div>period 2021-2050. In 2050,<div style="display:inline-block;width:4.73px">&#160;</div>the oil prices are </div><div id="a25657" style="position:absolute;font-size:11.2px;left:60.512px;top:847.5px;">expected to be below<div style="display:inline-block;width:4.58px">&#160;</div>60 USD/bbl. All commodity<div style="display:inline-block;width:4.78px">&#160;</div>prices are on a real<div style="display:inline-block;width:4.63px">&#160;</div>2020 basis, and comparables<div style="display:inline-block;width:4.79px">&#160;</div>as per fourth quarter 2019<div style="display:inline-block;width:4.6px">&#160;</div>are </div><div id="a25703" style="position:absolute;font-size:11.2px;left:60.512px;top:862.9px;">given in brackets. </div><div id="a25709" style="position:absolute;font-size:11.2px;left:60.512px;top:878.2px;">&#160;</div><div id="a25710" style="position:absolute;font-size:11.2px;left:60.512px;top:893.3px;">For natural gas in the<div style="display:inline-block;width:4.6px">&#160;</div>UK (NBP), we expect<div style="display:inline-block;width:4.62px">&#160;</div>some volatility,<div style="display:inline-block;width:4.03px">&#160;</div>where the trend is a gradua<div style="display:inline-block;width:1.62px">&#160;</div>l<div style="display:inline-block;width:3.27px">&#160;</div>increase in prices from today&#8217;s<div style="display:inline-block;width:5.17px">&#160;</div>current prices </div><div id="a25760" style="position:absolute;font-size:11.2px;left:60.512px;top:908.7px;">up to 6.5 USD/mmBtu in<div style="display:inline-block;width:4.71px">&#160;</div>2030 (7.7 USD/mmBtu).<div style="display:inline-block;width:4.4px">&#160;</div>From 2030, we expect<div style="display:inline-block;width:5.06px">&#160;</div>prices at levels sufficient<div style="display:inline-block;width:4.64px">&#160;</div>to incentivise the next<div style="display:inline-block;width:4.64px">&#160;</div>LNG </div><div id="a25806" style="position:absolute;font-size:11.2px;left:60.512px;top:924px;">investment cycle<div style="display:inline-block;width:4.29px">&#160;</div>and a flatter price-curve,<div style="display:inline-block;width:4.7px">&#160;</div>with the price gradually<div style="display:inline-block;width:4.56px">&#160;</div>increasing to 7.8<div style="display:inline-block;width:4.24px">&#160;</div>USD/mmBtu close to<div style="display:inline-block;width:4.26px">&#160;</div>2040 (7.7 USD/mmBtu). </div><div id="a25849" style="position:absolute;font-size:11.2px;left:60.512px;top:939.4px;">Beyond 2040, a declining<div style="display:inline-block;width:4.81px">&#160;</div>price trend is foreseen<div style="display:inline-block;width:4.45px">&#160;</div>as the energy transition<div style="display:inline-block;width:4.88px">&#160;</div>is expected to impact the demand<div style="display:inline-block;width:5.07px">&#160;</div>side. For 2050, the price </div><div id="a25895" style="position:absolute;font-size:11.2px;left:60.512px;top:954.7px;">has been set at the<div style="display:inline-block;width:4.6px">&#160;</div>pre-2035 level. Henry Hub<div style="display:inline-block;width:4.69px">&#160;</div>follows the same pattern,<div style="display:inline-block;width:4.8px">&#160;</div>gradually increasing from<div style="display:inline-block;width:4.54px">&#160;</div>today&#8217;s current prices<div style="display:inline-block;width:4.83px">&#160;</div>to<div style="display:inline-block;width:3.14px">&#160;</div>3.3 </div><div id="a25943" style="position:absolute;font-size:11.2px;left:60.512px;top:970.1px;">USD/mmBtu in 2030<div style="display:inline-block;width:4.51px">&#160;</div>(3.7 USD/mmBtu) and<div style="display:inline-block;width:4.74px">&#160;</div>gradually increasing to 3<div style="display:inline-block;width:1.54px">&#160;</div>.7 USD/mmBtu in 2040 (3.7<div style="display:inline-block;width:4.88px">&#160;</div>USD/mmBtu) before gradually </div><div id="a25979" style="position:absolute;font-size:11.2px;left:60.512px;top:985.5px;">declining through the<div style="display:inline-block;width:4.53px">&#160;</div>2040s.<div style="display:inline-block;width:3.49px">&#160;</div></div><div id="a25988" style="position:absolute;font-size:11.2px;left:60.512px;top:1000.9px;">&#160;</div><div id="a25989" style="position:absolute;font-size:11.2px;left:60.512px;top:1016.2px;">Equinor has performed<div style="display:inline-block;width:4.82px">&#160;</div>analyses of the NOK currency<div style="display:inline-block;width:4.89px">&#160;</div>exchange rates, which<div style="display:inline-block;width:4.42px">&#160;</div>suggests that a return<div style="display:inline-block;width:4.7px">&#160;</div>to a previously assumed<div style="display:inline-block;width:4.69px">&#160;</div>long-</div><div id="a26030" style="position:absolute;font-size:11.2px;left:60.512px;top:1031.6px;">term equilibrium is less<div style="display:inline-block;width:4.86px">&#160;</div>likely. This<div style="display:inline-block;width:4.58px">&#160;</div>conclusion is supported<div style="display:inline-block;width:4.59px">&#160;</div>by the historical 5-year average<div style="display:inline-block;width:4.75px">&#160;</div>and spot prices in the<div style="display:inline-block;width:4.61px">&#160;</div>currency market, as </div></div>
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<div id="Page36" style="background-color:RGB(256, 256, 256);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:794px;height:1123px;white-space:pre-wrap">
<div id="a26076" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a26077" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a26078" style="position:absolute;font-size:11.2px;left:60.512px;top:96.3px;">well as an expected<div style="display:inline-block;width:4.7px">&#160;</div>lower oil price and increased<div style="display:inline-block;width:4.69px">&#160;</div>market uncertainty.<div style="display:inline-block;width:5.46px">&#160;</div>Equinor has therefore implemented<div style="display:inline-block;width:4.96px">&#160;</div>new long-term exchange </div><div id="a26116" style="position:absolute;font-size:11.2px;left:60.512px;top:111.6px;">rates from 2023 onwards.<div style="display:inline-block;width:4.88px">&#160;</div>The NOK/USD rate has<div style="display:inline-block;width:4.65px">&#160;</div>been revised to 8.5<div style="display:inline-block;width:4.28px">&#160;</div>(previously 7.0), while<div style="display:inline-block;width:4.68px">&#160;</div>the NOK/EUR rate has<div style="display:inline-block;width:4.54px">&#160;</div>been revised to </div><div id="a26160" style="position:absolute;font-size:11.2px;left:60.512px;top:127px;">10.0 (from previously<div style="display:inline-block;width:4.58px">&#160;</div>9.0). </div><div id="a26168" style="position:absolute;font-size:11.2px;left:60.512px;top:142.3px;">&#160;</div><div id="a26169" style="position:absolute;font-size:11.2px;left:60.512px;top:157.7px;">In 2020 we have<div style="display:inline-block;width:4.24px">&#160;</div>continued to see a significant<div style="display:inline-block;width:5.06px">&#160;</div>drop in risk-free interest<div style="display:inline-block;width:4.62px">&#160;</div>rates. Long-term risk-free<div style="display:inline-block;width:4.9px">&#160;</div>interest rates (10 years)<div style="display:inline-block;width:4.32px">&#160;</div>have </div><div id="a26218" style="position:absolute;font-size:11.2px;left:60.512px;top:173.1px;">decreased by approximately<div style="display:inline-block;width:4.92px">&#160;</div>1.3 percentage points<div style="display:inline-block;width:4.66px">&#160;</div>in the period from year<div style="display:inline-block;width:1.57px">&#160;</div>-end 2019 to 30 September<div style="display:inline-block;width:4.5px">&#160;</div>2020. The stock market </div><div id="a26258" style="position:absolute;font-size:11.2px;left:60.512px;top:188.5px;">recovery after the initial<div style="display:inline-block;width:4.89px">&#160;</div>Covid-19 impact in March,<div style="display:inline-block;width:4.7px">&#160;</div>and despite lower expectations<div style="display:inline-block;width:4.99px">&#160;</div>of future cash flows, is<div style="display:inline-block;width:4.76px">&#160;</div>indicating a lower market </div><div id="a26303" style="position:absolute;font-size:11.2px;left:60.512px;top:203.8px;">risk premium. The low<div style="display:inline-block;width:4.74px">&#160;</div>interest rates combined<div style="display:inline-block;width:4.61px">&#160;</div>with lack of good alternative<div style="display:inline-block;width:4.85px">&#160;</div>investment opportunities,<div style="display:inline-block;width:4.51px">&#160;</div>channels more funds<div style="display:inline-block;width:4.53px">&#160;</div>towards </div><div id="a26339" style="position:absolute;font-size:11.2px;left:60.512px;top:219.2px;">the equity market resulting<div style="display:inline-block;width:5px">&#160;</div>in investors accepting lower<div style="display:inline-block;width:4.89px">&#160;</div>returns on investments,<div style="display:inline-block;width:4.58px">&#160;</div>and we see a downward<div style="display:inline-block;width:4.72px">&#160;</div>shift in the estimated equity </div><div id="a26381" style="position:absolute;font-size:11.2px;left:60.512px;top:234.5px;">risk premium. Taking<div style="display:inline-block;width:5.82px">&#160;</div>this into account, Equinor<div style="display:inline-block;width:4.86px">&#160;</div>has adjusted the Weighted<div style="display:inline-block;width:4.89px">&#160;</div>Average Cost of Capital<div style="display:inline-block;width:4.87px">&#160;</div>(WACC) for accounting<div style="display:inline-block;width:4.98px">&#160;</div>purposes, </div><div id="a26419" style="position:absolute;font-size:11.2px;left:60.512px;top:249.6px;">real post-tax, down<div style="display:inline-block;width:4.61px">&#160;</div>from 6% to 5% with effe<div style="display:inline-block;width:1.64px">&#160;</div>ct as of the third quarter<div style="display:inline-block;width:4.66px">&#160;</div>of 2020.<div style="display:inline-block;width:6.56px">&#160;</div></div><div id="a26455" style="position:absolute;font-size:11.2px;left:60.512px;top:264.9px;">&#160;</div><div id="a26456" style="position:absolute;font-size:11.2px;left:60.512px;top:280.3px;">Please refer to note<div style="display:inline-block;width:4.69px">&#160;</div>8 Impact of the Covid-19<div style="display:inline-block;width:4.41px">&#160;</div>pandemic and oil price. </div><div id="a26484" style="position:absolute;font-size:11.2px;left:60.512px;top:295.7px;">&#160;</div><div id="a26485" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:311.1px;">Sensitivities<div style="display:inline-block;width:3.79px">&#160;</div></div><div id="a26488" style="position:absolute;font-size:11.2px;left:60.512px;top:326.4px;">Commodity prices have<div style="display:inline-block;width:4.93px">&#160;</div>historically been volatile. Significant<div style="display:inline-block;width:5.01px">&#160;</div>downward adjust<div style="display:inline-block;width:1.42px">&#160;</div>ments of Equinor&#8217;s commodity<div style="display:inline-block;width:4.72px">&#160;</div>price assumptions would </div><div id="a26519" style="position:absolute;font-size:11.2px;left:60.512px;top:341.8px;">result in impairment<div style="display:inline-block;width:4.71px">&#160;</div>losses on certain producing and<div style="display:inline-block;width:4.8px">&#160;</div>development assets<div style="display:inline-block;width:4.73px">&#160;</div>in Equinor&#8217;s portfolio, while<div style="display:inline-block;width:4.55px">&#160;</div>an opposite adjustment<div style="display:inline-block;width:4.53px">&#160;</div>could </div><div id="a26555" style="position:absolute;font-size:11.2px;left:60.512px;top:357.1px;">lead to impairment<div style="display:inline-block;width:1.34px">&#160;</div>-reversals. 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This case<div style="display:inline-block;width:4.45px">&#160;</div>has been withdrawn by<div style="display:inline-block;width:4.83px">&#160;</div>the plaintiff in the second<div style="display:inline-block;width:5px">&#160;</div>quarter of 2020 with no impact<div style="display:inline-block;width:4.92px">&#160;</div>on Equinor&#8217;s Interim financial </div><div id="a27753" style="position:absolute;font-size:11.2px;left:60.512px;top:1025.2px;">statements. </div><div id="a27757" style="position:absolute;font-size:14.72px;left:122.272px;top:1021.9px;">&#160;</div></div>
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<div id="Page37" style="background-color:RGB(256, 256, 256);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:794px;height:1123px;white-space:pre-wrap">
<div id="a27758" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a27759" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a27760" style="position:absolute;font-size:14.72px;left:60.512px;top:93px;">&#160;</div><div id="a27761" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:111.6px;">Dispute with Brazilian<div style="display:inline-block;width:4.63px">&#160;</div>tax authorities</div><div id="a27771" style="position:absolute;font-size:14.72px;font-weight:bold;left:258.973px;top:108.4px;">&#160;</div><div id="a27772" style="position:absolute;font-size:11.2px;left:60.512px;top:127px;">Brazilian tax authorities<div style="display:inline-block;width:4.88px">&#160;</div>issued an updated tax assessment<div style="display:inline-block;width:5.2px">&#160;</div>for 2011<div style="display:inline-block;width:4.56px">&#160;</div>for Equinor&#8217;s Brazilian subsidiary<div style="display:inline-block;width:5.06px">&#160;</div>which was party to Equinor&#8217;s </div><div id="a27810" style="position:absolute;font-size:11.2px;left:60.512px;top:142.3px;">divestment of 40%<div style="display:inline-block;width:4.54px">&#160;</div>of the Peregrino field to<div style="display:inline-block;width:4.54px">&#160;</div>Sinochem at that time. The<div style="display:inline-block;width:4.78px">&#160;</div>assessment disputed<div style="display:inline-block;width:4.57px">&#160;</div>Equinor&#8217;s allocation of the sale<div style="display:inline-block;width:4.74px">&#160;</div>proceeds </div><div id="a27852" style="position:absolute;font-size:11.2px;left:60.512px;top:157.7px;">between entities and<div style="display:inline-block;width:4.49px">&#160;</div>assets involved, resulting<div style="display:inline-block;width:4.86px">&#160;</div>in a significantly higher assessed<div style="display:inline-block;width:5.28px">&#160;</div>taxable gain and related<div style="display:inline-block;width:4.64px">&#160;</div>taxes payable in Brazil. </div><div id="a27890" style="position:absolute;font-size:11.2px;left:60.512px;top:173.1px;">Equinor disagreed with<div style="display:inline-block;width:4.82px">&#160;</div>the assessment and had<div style="display:inline-block;width:4.75px">&#160;</div>the case brought forward<div style="display:inline-block;width:4.45px">&#160;</div>to the second instance<div style="display:inline-block;width:4.47px">&#160;</div>of the Administrative Cour<div style="display:inline-block;width:1.73px">&#160;</div>t<div style="display:inline-block;width:3.29px">&#160;</div>in Brazil </div><div id="a27934" style="position:absolute;font-size:11.2px;left:60.512px;top:188.5px;">which decided the case<div style="display:inline-block;width:4.88px">&#160;</div>in Equinor&#8217;s favour.<div style="display:inline-block;width:4.72px">&#160;</div>Equinor has received confirmation<div style="display:inline-block;width:5.13px">&#160;</div>that the decision is considered<div style="display:inline-block;width:4.92px">&#160;</div>final and non-</div><div id="a27975" style="position:absolute;font-size:11.2px;left:60.512px;top:203.8px;">appealable. The final<div style="display:inline-block;width:4.53px">&#160;</div>ruling did not have any<div style="display:inline-block;width:4.77px">&#160;</div>impact on Equinor&#8217;s Interim<div style="display:inline-block;width:4.63px">&#160;</div>Financial statement.</div><div id="a28003" style="position:absolute;font-size:14.72px;font-weight:bold;left:528.187px;top:200.6px;">&#160;</div><div id="a28004" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:215.9px;">&#160;</div><div id="a28005" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:234.5px;">KKD Oil Sands Partnership</div><div id="a28012" style="position:absolute;font-size:14.72px;left:206.787px;top:231.3px;">&#160;</div><div id="a28013" style="position:absolute;font-size:11.2px;left:60.512px;top:249.6px;">Canadian tax authorities<div style="display:inline-block;width:4.69px">&#160;</div>have issued a proposal<div style="display:inline-block;width:4.56px">&#160;</div>of re-assessment for<div style="display:inline-block;width:4.51px">&#160;</div>2014 for Equinor&#8217;s Canadian<div style="display:inline-block;width:4.77px">&#160;</div>subsidiary which was<div style="display:inline-block;width:4.27px">&#160;</div>party to </div><div id="a28053" style="position:absolute;font-size:11.2px;left:60.512px;top:264.9px;">Equinor&#8217;s divestment<div style="display:inline-block;width:4.34px">&#160;</div>of 40% of the KKD Oil Sands<div style="display:inline-block;width:4.73px">&#160;</div>partnership at that<div style="display:inline-block;width:4.79px">&#160;</div>time. 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The<div style="display:inline-block;width:4.71px">&#160;</div>injunction request has now been<div style="display:inline-block;width:4.86px">&#160;</div>finally </div><div id="a28635" style="position:absolute;font-size:11.2px;left:60.512px;top:541.2px;">dismissed by the<div style="display:inline-block;width:4.3px">&#160;</div>courts. </div><div id="a28644" style="position:absolute;font-size:14.72px;left:185.347px;top:538px;">&#160;</div><div id="a28645" style="position:absolute;font-size:14.72px;left:60.512px;top:553.3px;">&#160;</div><div id="a28646" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:571.9px;">Claim from Petrofac regarding<div style="display:inline-block;width:4.95px">&#160;</div>multiple variation order<div style="display:inline-block;width:4.85px">&#160;</div>requests performed in Algeria<div style="display:inline-block;width:4.88px">&#160;</div>(In Salah)</div><div id="a28671" style="position:absolute;font-size:11.2px;left:571.107px;top:571.9px;">&#160;</div><div id="a28672" style="position:absolute;font-size:14.72px;left:574.307px;top:568.7px;">&#160;</div><div id="a28673" style="position:absolute;font-size:11.2px;left:60.512px;top:587.3px;">Petrofac International<div style="display:inline-block;width:4.61px">&#160;</div>(UAE) LLC (PIUL) was awarded<div style="display:inline-block;width:5.19px">&#160;</div>the EPC Contract to execute<div style="display:inline-block;width:4.99px">&#160;</div>the ISSF Project (the In<div style="display:inline-block;width:4.59px">&#160;</div>Salah Southern </div><div id="a28711" style="position:absolute;font-size:11.2px;left:60.512px;top:602.6px;">Fields Project which<div style="display:inline-block;width:4.44px">&#160;</div>has finalised the development<div style="display:inline-block;width:5.16px">&#160;</div>of four gas fields in<div style="display:inline-block;width:4.26px">&#160;</div>central Algeria). 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Significant<div style="display:inline-block;width:4.8px">&#160;</div>Opec+ supply cuts and shut<div style="display:inline-block;width:1.7px">&#160;</div>-in production </div><div id="a29519" style="position:absolute;font-size:11.2px;left:60.512px;top:1024.5px;">around the world<div style="display:inline-block;width:4.28px">&#160;</div>following the announcement<div style="display:inline-block;width:4.87px">&#160;</div>at 1 May 2020, have so<div style="display:inline-block;width:4.6px">&#160;</div>far prevented another<div style="display:inline-block;width:4.61px">&#160;</div>price collapse and storages<div style="display:inline-block;width:4.84px">&#160;</div>running full. </div></div>
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<div id="a29561" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a29562" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a29563" style="position:absolute;font-size:11.2px;left:60.512px;top:96.3px;">In Norway,<div style="display:inline-block;width:4.9px">&#160;</div>where Equinor has production<div style="display:inline-block;width:4.86px">&#160;</div>on the NCS, the Norwegian<div style="display:inline-block;width:4.85px">&#160;</div>Government announced<div style="display:inline-block;width:4.66px">&#160;</div>unilateral oil production<div style="display:inline-block;width:4.56px">&#160;</div>cuts portioned </div><div id="a29600" style="position:absolute;font-size:11.2px;left:60.512px;top:111.6px;">out to relevant fields<div style="display:inline-block;width:4.44px">&#160;</div>via their production<div style="display:inline-block;width:4.6px">&#160;</div>licenses. 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Equinor has evaluated<div style="display:inline-block;width:5.21px">&#160;</div>the reasonable possible<div style="display:inline-block;width:4.63px">&#160;</div>changes in certain assumptions<div style="display:inline-block;width:5.1px">&#160;</div>as of 30 September </div><div id="a29766" style="position:absolute;font-size:11.2px;left:60.512px;top:188.5px;">2020. For interest rate<div style="display:inline-block;width:4.72px">&#160;</div>and currency risk, the<div style="display:inline-block;width:4.32px">&#160;</div>reasonable possible change<div style="display:inline-block;width:5.23px">&#160;</div>remains unchanged from 31<div style="display:inline-block;width:4.93px">&#160;</div>December 2019.<div style="display:inline-block;width:3.62px">&#160;</div></div><div id="a29802" style="position:absolute;font-size:11.2px;left:60.512px;top:203.8px;">As of 30 September<div style="display:inline-block;width:4.72px">&#160;</div>2020, the reasonable possible<div style="display:inline-block;width:4.86px">&#160;</div>change in prices is deemed<div style="display:inline-block;width:4.8px">&#160;</div>to be -50%/+50% for short-term<div style="display:inline-block;width:5.11px">&#160;</div>contracts, and -</div><div id="a29846" style="position:absolute;font-size:11.2px;left:60.512px;top:219.2px;">30%/+30% for the long<div style="display:inline-block;width:1.6px">&#160;</div>-term derivatives, based<div style="display:inline-block;width:4.71px">&#160;</div>on their duration. The short<div style="display:inline-block;width:1.55px">&#160;</div>-term price contracts are<div style="display:inline-block;width:4.78px">&#160;</div>considered more volatile </div><div id="a29884" style="position:absolute;font-size:11.2px;left:60.512px;top:234.5px;">compared to year-end<div style="display:inline-block;width:4.7px">&#160;</div>2019. </div><div id="a29894" style="position:absolute;font-size:14.72px;left:206.147px;top:231.3px;">&#160;</div><div id="a29895" style="position:absolute;font-size:14.72px;left:60.512px;top:246.3px;">&#160;</div><div id="a29896" style="position:absolute;font-size:11.2px;left:60.512px;top:263.3px;">The table below contains<div style="display:inline-block;width:4.77px">&#160;</div>the price risk sensitivities<div style="display:inline-block;width:4.84px">&#160;</div>of Equinor&apos;s commodity-based<div style="display:inline-block;width:4.64px">&#160;</div>derivatives contracts.<div style="display:inline-block;width:4.6px">&#160;</div>Equinor enters into </div><div id="a29930" style="position:absolute;font-size:11.2px;left:60.512px;top:278.4px;">commodity-based derivative<div style="display:inline-block;width:4.92px">&#160;</div>contracts mainly to<div style="display:inline-block;width:4.62px">&#160;</div>manage short-term commodity<div style="display:inline-block;width:4.95px">&#160;</div>risk. However,<div style="display:inline-block;width:4.58px">&#160;</div>since none of the derivative<div style="display:inline-block;width:4.83px">&#160;</div>financial </div><div id="a29966" style="position:absolute;font-size:11.2px;left:60.512px;top:293.5px;">instruments included<div style="display:inline-block;width:4.52px">&#160;</div>in the table below are<div style="display:inline-block;width:4.6px">&#160;</div>part of formal hedging relationships,<div style="display:inline-block;width:5.4px">&#160;</div>any changes in their fair<div style="display:inline-block;width:4.65px">&#160;</div>values would be recognised </div><div id="a30009" style="position:absolute;font-size:11.2px;left:60.512px;top:308.5px;">in the Consolidated<div style="display:inline-block;width:4.63px">&#160;</div>statement of income. </div><div id="a30021" style="position:absolute;font-size:14.72px;left:269.213px;top:305.2px;">&#160;</div><div id="a30022" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:337.5px;">Commodity price sensitivity </div><div id="a30024" style="position:absolute;font-size:9.28px;font-weight:bold;left:475.387px;top:337.5px;"><div style="display:inline-block;width:2.56px">&#160;</div>30 September 2020 </div><div id="a30027" style="position:absolute;font-size:9.28px;font-weight:bold;left:628.707px;top:337.5px;">31 December 2019 </div><div id="a30029" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:352.2px;">(in USD million) </div><div id="a30031" style="position:absolute;font-size:9.28px;font-weight:bold;left:492.027px;top:352.2px;">- 50% </div><div id="a30035" style="position:absolute;font-size:9.28px;font-weight:bold;left:572.067px;top:352.2px;">+ 50% </div><div id="a30037" style="position:absolute;font-size:9.28px;font-weight:bold;left:642.173px;top:352.2px;">- 30% </div><div id="a30041" style="position:absolute;font-size:9.28px;font-weight:bold;left:708.733px;top:352.2px;">+ 30% </div><div id="a30048" style="position:absolute;left:60.512px;top:406.7px;">Crude oil and refined products net gain/(losses) </div><div id="a30050" style="position:absolute;left:485.627px;top:406.7px;">1,092 </div><div id="a30052" style="position:absolute;left:564.707px;top:406.7px;">(1,092) </div><div id="a30054" style="position:absolute;left:644.413px;top:406.7px;">569 </div><div id="a30056" style="position:absolute;left:710.333px;top:406.7px;">(563) </div><div id="a30058" style="position:absolute;left:60.512px;top:423.4px;">Natural gas and electricity net gains/(losses) </div><div id="a30060" style="position:absolute;left:494.267px;top:423.4px;">333 </div><div id="a30062" style="position:absolute;left:576.547px;top:423.4px;">283 </div><div id="a30064" style="position:absolute;left:647.613px;top:423.4px;">(33) </div><div id="a30066" style="position:absolute;left:719.333px;top:423.4px;">49 </div><div id="a30068" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:440.5px;">&#160;</div><div id="a30069" style="position:absolute;font-size:11.2px;left:60.512px;top:459.9px;">Due to market developments<div style="display:inline-block;width:5.01px">&#160;</div>and related consequences,<div style="display:inline-block;width:4.77px">&#160;</div>certain Equinor suppliers<div style="display:inline-block;width:4.79px">&#160;</div>and customers have indicated<div style="display:inline-block;width:5.19px">&#160;</div>that contractual </div><div id="a30101" style="position:absolute;font-size:11.2px;left:60.512px;top:475.3px;">clauses such as those<div style="display:inline-block;width:4.72px">&#160;</div>involving force majeure<div style="display:inline-block;width:4.58px">&#160;</div>are being explored. The<div style="display:inline-block;width:4.61px">&#160;</div>potential impact for Equinor,<div style="display:inline-block;width:5.55px">&#160;</div>if any, is<div style="display:inline-block;width:4.23px">&#160;</div>currently uncertain. </div><div id="a30141" style="position:absolute;font-size:14.72px;left:706.493px;top:472px;">&#160;</div><div id="a30142" style="position:absolute;font-size:14.72px;left:60.512px;top:487.4px;">&#160;</div><div id="a30143" style="position:absolute;font-size:11.2px;left:60.512px;top:506px;">As a measure to<div style="display:inline-block;width:4.56px">&#160;</div>maintain activity in the oil and<div style="display:inline-block;width:4.81px">&#160;</div>gas related industry,<div style="display:inline-block;width:5.28px">&#160;</div>the Norwegian Government<div style="display:inline-block;width:4.83px">&#160;</div>on 19 June 2020 enacted<div style="display:inline-block;width:4.53px">&#160;</div>temporary </div><div id="a30187" style="position:absolute;font-size:11.2px;left:60.512px;top:521.3px;">targeted changes to<div style="display:inline-block;width:4.71px">&#160;</div>Norway&#8217;s petroleum tax<div style="display:inline-block;width:4.49px">&#160;</div>system for investments<div style="display:inline-block;width:4.91px">&#160;</div>incurred in 2020 and 2021<div style="display:inline-block;width:4.6px">&#160;</div>and for new projects with<div style="display:inline-block;width:4.82px">&#160;</div>final </div><div id="a30228" style="position:absolute;font-size:11.2px;left:60.512px;top:536.7px;">investment decisions<div style="display:inline-block;width:4.55px">&#160;</div>submitted by end of 2022.<div style="display:inline-block;width:4.94px">&#160;</div>The changes are effective<div style="display:inline-block;width:4.79px">&#160;</div>from 1 January 2020 and<div style="display:inline-block;width:4.82px">&#160;</div>provide companies with<div style="display:inline-block;width:4.59px">&#160;</div>a direct </div><div id="a30270" style="position:absolute;font-size:11.2px;left:60.512px;top:552.1px;">tax deduction in the<div style="display:inline-block;width:4.66px">&#160;</div>special petroleum tax (56%<div style="display:inline-block;width:4.82px">&#160;</div>tax rate) instead of tax depreciation<div style="display:inline-block;width:5.27px">&#160;</div>over 6 years. One of the<div style="display:inline-block;width:4.69px">&#160;</div>changes is that the tax </div><div id="a30321" style="position:absolute;font-size:11.2px;left:60.512px;top:567.4px;">uplift benefit, which<div style="display:inline-block;width:4.62px">&#160;</div>has increased from 20.8%.<div style="display:inline-block;width:4.76px">&#160;</div>to 24% will be recognised<div style="display:inline-block;width:4.86px">&#160;</div>over one year instead of<div style="display:inline-block;width:4.38px">&#160;</div>four years. Tax<div style="display:inline-block;width:5.3px">&#160;</div>depreciation </div><div id="a30364" style="position:absolute;font-size:11.2px;left:60.512px;top:582.8px;">towards the ordinary<div style="display:inline-block;width:4.48px">&#160;</div>corporate tax (22% tax<div style="display:inline-block;width:4.79px">&#160;</div>rate) will continue with a<div style="display:inline-block;width:4.71px">&#160;</div>six-year depreciation profile.<div style="display:inline-block;width:4.96px">&#160;</div>The totality of the petroleum<div style="display:inline-block;width:4.56px">&#160;</div>tax </div><div id="a30408" style="position:absolute;font-size:11.2px;left:60.512px;top:598.2px;">changes will increase<div style="display:inline-block;width:4.62px">&#160;</div>the profitability for investments<div style="display:inline-block;width:4.96px">&#160;</div>and strengthen Equinor&#8217;s&#8217;<div style="display:inline-block;width:4.64px">&#160;</div>liquidity. </div><div id="a30431" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:609.8px;">&#160;</div><div id="a30432" style="position:absolute;font-size:14.72px;font-weight:bold;left:60.512px;top:644.9px;">9 Subsequent events </div><div id="a30438" style="position:absolute;font-size:11.2px;color:#333333;left:60.512px;top:666.7px;">&#160;</div><div id="a30439" style="position:absolute;font-size:11.2px;left:60.512px;top:682px;">On 28 October 2020,<div style="display:inline-block;width:4.55px">&#160;</div>the board of directors<div style="display:inline-block;width:4.59px">&#160;</div>resolved to declare a dividend<div style="display:inline-block;width:4.86px">&#160;</div>for the third quarter<div style="display:inline-block;width:4.3px">&#160;</div>of 2020 of USD 0.11<div style="display:inline-block;width:5.33px">&#160;</div>per share. 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<div id="a30569" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a30570" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a30571" style="position:absolute;font-size:32px;font-weight:bold;left:60.512px;top:95px;">Supplementary disclosures </div><div id="a30575" style="position:absolute;font-size:37.44px;font-weight:bold;left:487.547px;top:90px;">&#160;</div><div id="a30576" style="position:absolute;font-family:Times New Roman;font-size:16px;left:60.512px;top:131.3px;">&#160;</div><div id="a30577" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:150px;">Operational data</div><div id="a30594" style="position:absolute;font-size:9.28px;font-weight:bold;left:119.392px;top:173.6px;">Quarters </div><div id="a30596" style="position:absolute;font-size:9.28px;font-weight:bold;left:236.893px;top:173.6px;">Change </div><div id="a30600" 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style="position:absolute;font-weight:bold;left:84.512px;top:261.1px;">39.6 </div><div id="a30658" style="position:absolute;left:138.627px;top:261.1px;">23.5 </div><div id="a30660" style="position:absolute;left:192.387px;top:261.1px;">52.6 </div><div id="a30662" style="position:absolute;left:242.653px;top:261.1px;">(25%) </div><div id="a30665" style="position:absolute;left:288.413px;top:261.1px;">E&amp;P Norway average liquids price (USD/bbl) </div><div id="a30667" style="position:absolute;font-weight:bold;left:611.747px;top:261.1px;">35.9 </div><div id="a30669" style="position:absolute;left:665.853px;top:261.1px;">56.6 </div><div id="a30671" style="position:absolute;left:708.733px;top:261.1px;">(37%) </div><div id="a30673" style="position:absolute;font-weight:bold;left:84.512px;top:288.6px;">39.1 </div><div id="a30675" style="position:absolute;left:138.627px;top:288.6px;">24.4 </div><div id="a30677" style="position:absolute;left:192.387px;top:288.6px;">58.1 </div><div id="a30679" style="position:absolute;left:242.653px;top:288.6px;">(33%) </div><div id="a30682" style="position:absolute;left:288.413px;top:288.6px;">E&amp;P International average liquids price<div style="display:inline-block;width:4.59px">&#160;</div>(USD/bbl) </div><div id="a30684" style="position:absolute;font-weight:bold;left:611.747px;top:288.6px;">37.3 </div><div id="a30686" style="position:absolute;left:665.853px;top:288.6px;">60.3 </div><div id="a30688" style="position:absolute;left:708.733px;top:288.6px;">(38%) </div><div id="a30690" style="position:absolute;font-weight:bold;left:84.512px;top:316.1px;">32.2 </div><div id="a30692" style="position:absolute;left:138.627px;top:316.1px;">19.0 </div><div id="a30694" style="position:absolute;left:192.387px;top:316.1px;">45.9 </div><div id="a30696" style="position:absolute;left:242.653px;top:316.1px;">(30%) </div><div id="a30699" style="position:absolute;left:288.413px;top:316.1px;">E&amp;P USA average liquids price (USD/bbl) </div><div id="a30701" style="position:absolute;font-weight:bold;left:611.747px;top:316.1px;">30.3 </div><div id="a30703" style="position:absolute;left:665.853px;top:316.1px;">48.6 </div><div id="a30705" style="position:absolute;left:708.733px;top:316.1px;">(38%) </div><div id="a30707" style="position:absolute;font-weight:bold;left:84.512px;top:343.6px;">38.3 </div><div id="a30709" style="position:absolute;left:138.627px;top:343.6px;">22.9 </div><div id="a30711" style="position:absolute;left:192.387px;top:343.6px;">52.5 </div><div id="a30713" style="position:absolute;left:242.653px;top:343.6px;">(27%) </div><div id="a30716" style="position:absolute;left:288.413px;top:343.6px;">Group average liquids price (USD/bbl)<div style="display:inline-block;width:4.61px">&#160;</div>[1] </div><div id="a30718" style="position:absolute;font-weight:bold;left:611.747px;top:343.6px;">35.2 </div><div id="a30720" style="position:absolute;left:665.853px;top:343.6px;">55.8 </div><div id="a30722" style="position:absolute;left:708.733px;top:343.6px;">(37%) </div><div id="a30724" style="position:absolute;font-weight:bold;left:87.392px;top:370.8px;">349 </div><div id="a30726" style="position:absolute;left:141.507px;top:370.8px;">229 </div><div id="a30728" style="position:absolute;left:195.267px;top:370.8px;">465 </div><div id="a30730" style="position:absolute;left:242.653px;top:370.8px;">(25%) </div><div id="a30733" style="position:absolute;left:288.413px;top:370.8px;">Group average liquids price (NOK/bbl)<div style="display:inline-block;width:4.66px">&#160;</div>[1] </div><div id="a30735" style="position:absolute;font-weight:bold;left:614.627px;top:370.8px;">335 </div><div id="a30737" style="position:absolute;left:668.733px;top:370.8px;">486 </div><div id="a30739" style="position:absolute;left:708.733px;top:370.8px;">(31%) </div><div id="a30741" style="position:absolute;font-weight:bold;left:84.512px;top:398.4px;">1.45 </div><div id="a30743" style="position:absolute;left:138.627px;top:398.4px;">0.91 </div><div id="a30745" style="position:absolute;left:192.387px;top:398.4px;">3.96 </div><div id="a30747" style="position:absolute;left:242.653px;top:398.4px;">(63%) </div><div id="a30750" style="position:absolute;left:288.413px;top:398.4px;">E&amp;P Norway average internal gas<div style="display:inline-block;width:4.44px">&#160;</div>price (USD/mmbtu) [9] </div><div id="a30753" style="position:absolute;font-weight:bold;left:611.747px;top:398.4px;">1.70 </div><div id="a30755" style="position:absolute;left:665.853px;top:398.4px;">4.66 </div><div id="a30757" style="position:absolute;left:708.733px;top:398.4px;">(64%) </div><div id="a30759" style="position:absolute;font-weight:bold;left:84.512px;top:425.9px;">1.13 </div><div id="a30761" style="position:absolute;left:138.627px;top:425.9px;">1.26 </div><div id="a30763" style="position:absolute;left:192.387px;top:425.9px;">1.74 </div><div id="a30765" style="position:absolute;left:242.653px;top:425.9px;">(35%) </div><div id="a30768" style="position:absolute;left:288.413px;top:425.9px;">E&amp;P USA average internal gas price (USD/mmbtu)<div style="display:inline-block;width:5.19px">&#160;</div>[9] </div><div id="a30770" style="position:absolute;font-weight:bold;left:611.747px;top:425.9px;">1.31 </div><div id="a30772" style="position:absolute;left:665.853px;top:425.9px;">2.29 </div><div id="a30774" style="position:absolute;left:708.733px;top:425.9px;">(43%) </div><div id="a30776" style="position:absolute;font-weight:bold;left:84.512px;top:453.1px;">2.72 </div><div id="a30778" style="position:absolute;left:138.627px;top:453.1px;">2.24 </div><div id="a30780" style="position:absolute;left:192.387px;top:453.1px;">5.19 </div><div id="a30782" style="position:absolute;left:242.653px;top:453.1px;">(48%) </div><div id="a30785" style="position:absolute;left:288.413px;top:453.1px;">Average invoiced gas prices - Europe<div style="display:inline-block;width:4.59px">&#160;</div>(USD/mmbtu) [8] </div><div id="a30790" style="position:absolute;font-weight:bold;left:611.747px;top:453.1px;">3.06 </div><div id="a30792" style="position:absolute;left:665.853px;top:453.1px;">5.95 </div><div id="a30794" style="position:absolute;left:708.733px;top:453.1px;">(49%) </div><div id="a30796" style="position:absolute;font-weight:bold;left:84.512px;top:480.6px;">1.53 </div><div id="a30798" style="position:absolute;left:138.627px;top:480.6px;">1.47 </div><div id="a30800" style="position:absolute;left:192.387px;top:480.6px;">1.99 </div><div id="a30802" style="position:absolute;left:242.653px;top:480.6px;">(23%) </div><div id="a30805" style="position:absolute;left:288.413px;top:480.6px;">Average invoiced gas prices - North<div style="display:inline-block;width:4.5px">&#160;</div>America (USD/mmbtu) [8] </div><div id="a30810" style="position:absolute;font-weight:bold;left:611.747px;top:480.6px;">1.63 </div><div id="a30812" style="position:absolute;left:665.853px;top:480.6px;">2.51 </div><div id="a30814" style="position:absolute;left:708.733px;top:480.6px;">(35%) </div><div id="a30816" style="position:absolute;font-weight:bold;left:87.072px;top:508.2px;">(0.1) </div><div id="a30818" style="position:absolute;left:144.707px;top:508.2px;">3.9 </div><div id="a30820" style="position:absolute;left:198.467px;top:508.2px;">5.9 </div><div id="a30822" style="position:absolute;left:230.493px;top:508.2px;">&gt;(100%) </div><div id="a30825" style="position:absolute;left:288.413px;top:508.2px;">Refining reference margin (USD/bbl)<div style="display:inline-block;width:4.57px">&#160;</div>[2] </div><div id="a30827" style="position:absolute;font-weight:bold;left:617.827px;top:508.2px;">1.8 </div><div id="a30829" style="position:absolute;left:671.933px;top:508.2px;">4.4 </div><div id="a30831" style="position:absolute;left:708.733px;top:508.2px;">(58%) </div><div id="a30847" style="position:absolute;font-weight:bold;left:288.413px;top:562.9px;">Entitlement production (mboe per day) </div><div id="a30852" style="position:absolute;font-weight:bold;left:87.392px;top:590.4px;">619 </div><div id="a30854" style="position:absolute;left:141.507px;top:590.4px;">637 </div><div id="a30856" style="position:absolute;left:195.267px;top:590.4px;">497 </div><div id="a30858" style="position:absolute;left:249.693px;top:590.4px;">25% </div><div id="a30861" style="position:absolute;left:288.413px;top:590.4px;">E&amp;P Norway entitlement liquids production </div><div id="a30863" style="position:absolute;font-weight:bold;left:614.627px;top:590.4px;">635 </div><div id="a30865" style="position:absolute;left:668.733px;top:590.4px;">507 </div><div id="a30867" style="position:absolute;left:715.813px;top:590.4px;">25% </div><div id="a30869" style="position:absolute;font-weight:bold;left:87.392px;top:617.9px;">220 </div><div id="a30871" style="position:absolute;left:141.507px;top:617.9px;">235 </div><div id="a30873" style="position:absolute;left:195.267px;top:617.9px;">266 </div><div id="a30875" style="position:absolute;left:242.653px;top:617.9px;">(17%) </div><div id="a30878" style="position:absolute;left:288.413px;top:617.9px;">E&amp;P International entitlement liquids<div style="display:inline-block;width:4.43px">&#160;</div>production </div><div id="a30880" style="position:absolute;font-weight:bold;left:614.627px;top:617.9px;">240 </div><div id="a30882" style="position:absolute;left:668.733px;top:617.9px;">272 </div><div id="a30884" style="position:absolute;left:708.733px;top:617.9px;">(12%) </div><div id="a30886" style="position:absolute;font-weight:bold;left:87.392px;top:645.5px;">151 </div><div id="a30888" style="position:absolute;left:141.507px;top:645.5px;">172 </div><div id="a30890" style="position:absolute;left:195.267px;top:645.5px;">182 </div><div id="a30892" style="position:absolute;left:242.653px;top:645.5px;">(17%) </div><div id="a30895" style="position:absolute;left:288.413px;top:645.5px;">E&amp;P USA entitlement liquids production </div><div id="a30897" style="position:absolute;font-weight:bold;left:614.627px;top:645.5px;">170 </div><div id="a30899" style="position:absolute;left:668.733px;top:645.5px;">172 </div><div id="a30901" style="position:absolute;left:714.853px;top:645.5px;">(2%) </div><div id="a30903" style="position:absolute;font-weight:bold;left:87.392px;top:672.7px;">991 </div><div id="a30905" style="position:absolute;left:132.864px;top:672.7px;">1,044 </div><div id="a30907" style="position:absolute;left:195.267px;top:672.7px;">946 </div><div id="a30909" style="position:absolute;left:255.773px;top:672.7px;">5% </div><div id="a30912" style="position:absolute;left:288.413px;top:672.7px;">Group entitlement liquids production </div><div id="a30915" style="position:absolute;font-weight:bold;left:605.987px;top:672.7px;">1,045 </div><div id="a30917" style="position:absolute;left:668.733px;top:672.7px;">951 </div><div id="a30919" style="position:absolute;left:715.813px;top:672.7px;">10% </div><div id="a30921" style="position:absolute;font-weight:bold;left:87.392px;top:700.2px;">654 </div><div id="a30923" style="position:absolute;left:141.507px;top:700.2px;">644 </div><div id="a30925" style="position:absolute;left:195.267px;top:700.2px;">570 </div><div id="a30927" style="position:absolute;left:249.693px;top:700.2px;">15% </div><div id="a30930" style="position:absolute;left:288.413px;top:700.2px;">E&amp;P Norway entitlement gas production </div><div id="a30932" style="position:absolute;font-weight:bold;left:614.627px;top:700.2px;">681 </div><div id="a30934" style="position:absolute;left:668.733px;top:700.2px;">691 </div><div id="a30936" style="position:absolute;left:714.853px;top:700.2px;">(1%) </div><div id="a30938" style="position:absolute;font-weight:bold;left:93.472px;top:727.7px;">35 </div><div id="a30940" style="position:absolute;left:147.587px;top:727.7px;">31 </div><div id="a30942" style="position:absolute;left:201.347px;top:727.7px;">47 </div><div id="a30944" style="position:absolute;left:242.653px;top:727.7px;">(25%) </div><div id="a30947" style="position:absolute;left:288.413px;top:727.7px;">E&amp;P International entitlement gas<div style="display:inline-block;width:4.23px">&#160;</div>production </div><div id="a30949" style="position:absolute;font-weight:bold;left:620.707px;top:727.7px;">41 </div><div id="a30951" style="position:absolute;left:674.813px;top:727.7px;">39 </div><div id="a30953" style="position:absolute;left:721.893px;top:727.7px;">4% </div><div id="a30955" style="position:absolute;font-weight:bold;left:87.392px;top:755.3px;">185 </div><div id="a30957" style="position:absolute;left:141.507px;top:755.3px;">179 </div><div id="a30959" style="position:absolute;left:195.267px;top:755.3px;">183 </div><div id="a30961" style="position:absolute;left:255.773px;top:755.3px;">1% </div><div id="a30964" style="position:absolute;left:288.413px;top:755.3px;">E&amp;P USA entitlement gas production </div><div id="a30966" style="position:absolute;font-weight:bold;left:614.627px;top:755.3px;">179 </div><div id="a30968" style="position:absolute;left:668.733px;top:755.3px;">181 </div><div id="a30970" style="position:absolute;left:714.853px;top:755.3px;">(1%) </div><div id="a30972" style="position:absolute;font-weight:bold;left:87.392px;top:782.5px;">874 </div><div id="a30974" style="position:absolute;left:141.507px;top:782.5px;">854 </div><div id="a30976" style="position:absolute;left:195.267px;top:782.5px;">799 </div><div id="a30978" style="position:absolute;left:255.773px;top:782.5px;">9% </div><div id="a30981" style="position:absolute;left:288.413px;top:782.5px;">Group entitlement gas production </div><div id="a30983" style="position:absolute;font-weight:bold;left:614.627px;top:782.5px;">901 </div><div id="a30985" style="position:absolute;left:668.733px;top:782.5px;">911 </div><div id="a30987" style="position:absolute;left:714.853px;top:782.5px;">(1%) </div><div id="a30989" style="position:absolute;font-weight:bold;left:78.752px;top:810px;">1,865 </div><div id="a30991" style="position:absolute;left:132.864px;top:810px;">1,897 </div><div id="a30993" style="position:absolute;left:186.627px;top:810px;">1,745 </div><div id="a30995" style="position:absolute;left:255.773px;top:810px;">7% </div><div id="a30998" style="position:absolute;left:288.413px;top:810px;">Total entitlement<div style="display:inline-block;width:4.7px">&#160;</div>liquids and gas production [3] </div><div id="a31000" style="position:absolute;font-weight:bold;left:605.987px;top:810px;">1,946 </div><div id="a31002" style="position:absolute;left:660.093px;top:810px;">1,862 </div><div id="a31004" style="position:absolute;left:721.893px;top:810px;">5% </div><div id="a31020" style="position:absolute;font-weight:bold;left:288.413px;top:875.6px;">Equity production (mboe per day) </div><div id="a31025" style="position:absolute;font-weight:bold;left:87.392px;top:902.8px;">619 </div><div id="a31027" style="position:absolute;left:141.507px;top:902.8px;">637 </div><div id="a31029" style="position:absolute;left:195.267px;top:902.8px;">497 </div><div id="a31031" style="position:absolute;left:249.693px;top:902.8px;">25% </div><div id="a31034" style="position:absolute;left:288.413px;top:902.8px;">E&amp;P Norway equity liquids production </div><div id="a31036" style="position:absolute;font-weight:bold;left:614.627px;top:902.8px;">635 </div><div id="a31038" style="position:absolute;left:668.733px;top:902.8px;">507 </div><div id="a31040" style="position:absolute;left:715.813px;top:902.8px;">25% </div><div id="a31042" style="position:absolute;font-weight:bold;left:87.392px;top:930.4px;">283 </div><div id="a31044" style="position:absolute;left:141.507px;top:930.4px;">291 </div><div id="a31046" style="position:absolute;left:195.267px;top:930.4px;">352 </div><div id="a31048" style="position:absolute;left:242.653px;top:930.4px;">(20%) </div><div id="a31051" style="position:absolute;left:288.413px;top:930.4px;">E&amp;P International equity liquids<div style="display:inline-block;width:4.23px">&#160;</div>production </div><div id="a31053" style="position:absolute;font-weight:bold;left:614.627px;top:930.4px;">309 </div><div id="a31055" style="position:absolute;left:668.733px;top:930.4px;">355 </div><div id="a31057" style="position:absolute;left:708.733px;top:930.4px;">(13%) </div><div id="a31059" style="position:absolute;font-weight:bold;left:87.392px;top:957.9px;">173 </div><div id="a31061" style="position:absolute;left:141.507px;top:957.9px;">195 </div><div id="a31063" style="position:absolute;left:195.267px;top:957.9px;">212 </div><div id="a31065" style="position:absolute;left:242.653px;top:957.9px;">(18%) </div><div id="a31068" style="position:absolute;left:288.413px;top:957.9px;">E&amp;P USA equity liquids production </div><div id="a31070" style="position:absolute;font-weight:bold;left:614.627px;top:957.9px;">194 </div><div id="a31072" style="position:absolute;left:668.733px;top:957.9px;">209 </div><div id="a31074" style="position:absolute;left:714.853px;top:957.9px;">(7%) </div><div id="a31076" style="position:absolute;font-weight:bold;left:78.752px;top:985.4px;">1,076 </div><div id="a31078" style="position:absolute;left:132.864px;top:985.4px;">1,123 </div><div id="a31080" style="position:absolute;left:186.627px;top:985.4px;">1,061 </div><div id="a31082" style="position:absolute;left:255.773px;top:985.4px;">1% </div><div id="a31085" style="position:absolute;left:288.413px;top:985.4px;">Group equity liquids production </div><div id="a31087" style="position:absolute;font-weight:bold;left:605.987px;top:985.4px;">1,138 </div><div id="a31089" style="position:absolute;left:660.093px;top:985.4px;">1,071 </div><div id="a31091" style="position:absolute;left:721.893px;top:985.4px;">6% </div><div id="a31093" style="position:absolute;font-weight:bold;left:87.392px;top:1012.6px;">654 </div><div id="a31095" style="position:absolute;left:141.507px;top:1012.6px;">644 </div><div id="a31097" style="position:absolute;left:195.267px;top:1012.6px;">570 </div><div id="a31099" style="position:absolute;left:249.693px;top:1012.6px;">15% </div><div id="a31102" style="position:absolute;left:288.413px;top:1012.6px;">E&amp;P Norway equity gas production </div><div id="a31105" style="position:absolute;font-weight:bold;left:614.627px;top:1012.6px;">681 </div><div id="a31107" style="position:absolute;left:668.733px;top:1012.6px;">691 </div><div id="a31109" style="position:absolute;left:714.853px;top:1012.6px;">(1%) </div></div>
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<div id="a31111" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a31112" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a31113" style="position:absolute;font-weight:bold;left:93.472px;top:94.9px;">40 </div><div id="a31115" style="position:absolute;left:147.587px;top:94.9px;">34 </div><div id="a31117" style="position:absolute;left:201.347px;top:94.9px;">58 </div><div id="a31119" style="position:absolute;left:242.653px;top:94.9px;">(31%) </div><div id="a31122" style="position:absolute;left:288.413px;top:94.9px;">E&amp;P International equity gas production </div><div id="a31124" style="position:absolute;font-weight:bold;left:620.707px;top:94.9px;">47 </div><div id="a31126" style="position:absolute;left:674.813px;top:94.9px;">61 </div><div id="a31128" style="position:absolute;left:708.733px;top:94.9px;">(22%) </div><div id="a31130" style="position:absolute;font-weight:bold;left:87.392px;top:122.5px;">224 </div><div id="a31132" style="position:absolute;left:141.507px;top:122.5px;">210 </div><div id="a31134" style="position:absolute;left:195.267px;top:122.5px;">220 </div><div id="a31136" style="position:absolute;left:255.773px;top:122.5px;">2% </div><div id="a31139" style="position:absolute;left:288.413px;top:122.5px;">E&amp;P USA equity gas production </div><div id="a31141" style="position:absolute;font-weight:bold;left:614.627px;top:122.5px;">213 </div><div id="a31143" style="position:absolute;left:668.733px;top:122.5px;">210 </div><div id="a31145" style="position:absolute;left:721.893px;top:122.5px;">2% </div><div id="a31147" style="position:absolute;font-weight:bold;left:87.392px;top:150px;">918 </div><div id="a31149" style="position:absolute;left:141.507px;top:150px;">888 </div><div id="a31151" style="position:absolute;left:195.267px;top:150px;">848 </div><div id="a31153" style="position:absolute;left:255.773px;top:150px;">8% </div><div id="a31156" style="position:absolute;left:288.413px;top:150px;">Group equity gas production </div><div id="a31158" style="position:absolute;font-weight:bold;left:614.627px;top:150px;">941 </div><div id="a31160" style="position:absolute;left:668.733px;top:150px;">961 </div><div id="a31162" style="position:absolute;left:714.853px;top:150px;">(2%) </div><div id="a31164" style="position:absolute;font-weight:bold;left:78.752px;top:177.5px;">1,994 </div><div id="a31166" style="position:absolute;left:132.864px;top:177.5px;">2,011 </div><div id="a31168" style="position:absolute;left:186.627px;top:177.5px;">1,909 </div><div id="a31170" style="position:absolute;left:255.773px;top:177.5px;">4% </div><div id="a31173" style="position:absolute;left:288.413px;top:177.5px;">Total equity<div style="display:inline-block;width:4.54px">&#160;</div>liquids and gas production [4] </div><div id="a31176" style="position:absolute;font-weight:bold;left:605.987px;top:177.5px;">2,079 </div><div id="a31178" style="position:absolute;left:660.093px;top:177.5px;">2,032 </div><div id="a31180" style="position:absolute;left:721.893px;top:177.5px;">2% </div><div id="a31196" style="position:absolute;font-weight:bold;left:288.413px;top:221.7px;">NES power production </div><div id="a31201" style="position:absolute;font-weight:bold;left:87.392px;top:249.2px;">319 </div><div id="a31203" style="position:absolute;left:141.507px;top:249.2px;">305 </div><div id="a31205" style="position:absolute;left:195.267px;top:249.2px;">342 </div><div id="a31207" style="position:absolute;left:248.733px;top:249.2px;">(7%) </div><div id="a31210" style="position:absolute;left:288.413px;top:249.2px;">Power generation (GWh) </div><div id="a31212" style="position:absolute;font-weight:bold;left:605.987px;top:249.2px;">1,181 </div><div id="a31214" style="position:absolute;left:660.093px;top:249.2px;">1,278 </div><div id="a31216" style="position:absolute;left:714.853px;top:249.2px;">(8%) </div><div id="a31227" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:293.1px;">Exchange rates</div><div id="a31244" style="position:absolute;font-size:9.28px;font-weight:bold;left:119.392px;top:317.3px;">Quarters </div><div id="a31246" style="position:absolute;font-size:9.28px;font-weight:bold;left:236.893px;top:317.3px;">Change </div><div id="a31250" style="position:absolute;font-size:9.28px;font-weight:bold;left:612.067px;top:317.3px;">First nine months </div><div id="a31253" style="position:absolute;font-size:9.28px;font-weight:bold;left:73.312px;top:331.7px;">Q3 2020 </div><div id="a31255" style="position:absolute;font-size:9.28px;font-weight:bold;left:127.424px;top:331.7px;">Q2 2020 </div><div id="a31257" style="position:absolute;font-size:9.28px;font-weight:bold;left:181.187px;top:331.7px;">Q3 2019 </div><div id="a31259" style="position:absolute;font-size:9.28px;font-weight:bold;left:229.533px;top:331.7px;">Q3 on Q3 </div><div id="a31263" style="position:absolute;font-size:9.28px;font-weight:bold;left:288.413px;top:331.7px;">Exchange rates </div><div id="a31265" style="position:absolute;font-size:9.28px;font-weight:bold;left:615.587px;top:331.7px;">2020 </div><div id="a31267" style="position:absolute;font-size:9.28px;font-weight:bold;left:669.693px;top:331.7px;">2019 </div><div id="a31269" style="position:absolute;font-size:9.28px;font-weight:bold;left:702.973px;top:331.7px;">Change </div><div id="a31280" style="position:absolute;font-weight:bold;left:76.512px;top:360.9px;">0.1095 </div><div id="a31282" style="position:absolute;left:130.624px;top:360.9px;">0.1000 </div><div id="a31284" style="position:absolute;left:184.387px;top:360.9px;">0.1129 </div><div id="a31286" style="position:absolute;left:248.733px;top:360.9px;">(3%) </div><div id="a31289" style="position:absolute;left:288.413px;top:360.9px;">NOK/USD average daily exchange rate </div><div id="a31291" style="position:absolute;font-weight:bold;left:603.747px;top:360.9px;">0.1050 </div><div id="a31293" style="position:absolute;left:657.853px;top:360.9px;">0.1150 </div><div id="a31295" style="position:absolute;left:714.853px;top:360.9px;">(9%) </div><div id="a31297" style="position:absolute;font-weight:bold;left:76.512px;top:388.1px;">0.1055 </div><div id="a31299" style="position:absolute;left:130.624px;top:388.1px;">0.1026 </div><div id="a31301" style="position:absolute;left:184.387px;top:388.1px;">0.1100 </div><div id="a31303" style="position:absolute;left:248.733px;top:388.1px;">(4%) </div><div id="a31306" style="position:absolute;left:288.413px;top:388.1px;">NOK/USD period-end exchange<div style="display:inline-block;width:4.33px">&#160;</div>rate </div><div id="a31310" style="position:absolute;font-weight:bold;left:603.747px;top:388.1px;">0.1055 </div><div id="a31312" style="position:absolute;left:657.853px;top:388.1px;">0.1100 </div><div id="a31314" style="position:absolute;left:714.853px;top:388.1px;">(4%) </div><div id="a31316" style="position:absolute;font-weight:bold;left:76.512px;top:415.7px;">9.1321 </div><div id="a31318" style="position:absolute;left:124.832px;top:415.7px;">10.0023 </div><div id="a31320" style="position:absolute;left:184.387px;top:415.7px;">8.8573 </div><div id="a31322" style="position:absolute;left:255.773px;top:415.7px;">3% </div><div id="a31325" style="position:absolute;left:288.413px;top:415.7px;">USD/NOK average daily exchange rate </div><div id="a31328" style="position:absolute;font-weight:bold;left:603.747px;top:415.7px;">9.5266 </div><div id="a31330" style="position:absolute;left:657.853px;top:415.7px;">8.6979 </div><div id="a31332" style="position:absolute;left:715.813px;top:415.7px;">10% </div><div id="a31334" style="position:absolute;font-weight:bold;left:76.512px;top:443.2px;">9.4814 </div><div id="a31336" style="position:absolute;left:130.624px;top:443.2px;">9.7446 </div><div id="a31338" style="position:absolute;left:184.387px;top:443.2px;">9.0874 </div><div id="a31340" style="position:absolute;left:255.773px;top:443.2px;">4% </div><div id="a31343" style="position:absolute;left:288.413px;top:443.2px;">USD/NOK period-end exchange<div style="display:inline-block;width:4.33px">&#160;</div>rate </div><div id="a31347" style="position:absolute;font-weight:bold;left:603.747px;top:443.2px;">9.4814 </div><div id="a31349" style="position:absolute;left:657.853px;top:443.2px;">9.0874 </div><div id="a31351" style="position:absolute;left:721.893px;top:443.2px;">4% </div><div id="a31353" style="position:absolute;font-weight:bold;left:76.512px;top:470.7px;">1.1685 </div><div id="a31355" style="position:absolute;left:130.624px;top:470.7px;">1.1008 </div><div id="a31357" style="position:absolute;left:184.387px;top:470.7px;">1.1118 </div><div id="a31359" style="position:absolute;left:255.773px;top:470.7px;">5% </div><div id="a31362" style="position:absolute;left:288.413px;top:470.7px;">EUR/USD average daily exchange<div style="display:inline-block;width:4.4px">&#160;</div>rate </div><div id="a31364" style="position:absolute;font-weight:bold;left:603.747px;top:470.7px;">1.1239 </div><div id="a31366" style="position:absolute;left:657.853px;top:470.7px;">1.1234 </div><div id="a31368" style="position:absolute;left:721.893px;top:470.7px;">0% </div><div id="a31370" style="position:absolute;font-weight:bold;left:76.512px;top:497.9px;">1.1708 </div><div id="a31372" style="position:absolute;left:130.624px;top:497.9px;">1.1198 </div><div id="a31374" style="position:absolute;left:184.387px;top:497.9px;">1.0889 </div><div id="a31376" style="position:absolute;left:255.773px;top:497.9px;">8% </div><div id="a31379" style="position:absolute;left:288.413px;top:497.9px;">EUR/USD period-end exchange rate </div><div id="a31384" style="position:absolute;font-weight:bold;left:603.747px;top:497.9px;">1.1708 </div><div id="a31386" style="position:absolute;left:657.853px;top:497.9px;">1.0889 </div><div id="a31388" style="position:absolute;left:721.893px;top:497.9px;">8% </div></div>
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<div id="a31390" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a31391" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a31392" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:94.7px;">Health, safety and the<div style="display:inline-block;width:4.56px">&#160;</div>environment</div><div id="a31402" style="position:absolute;font-size:9.28px;font-weight:bold;left:64.992px;top:129.4px;">Twelve months average per </div><div id="a31405" style="position:absolute;font-size:9.28px;font-weight:bold;left:550.947px;top:129.4px;">First nine months </div><div id="a31407" style="position:absolute;font-size:9.28px;font-weight:bold;left:646.973px;top:129.4px;">First nine months </div><div id="a31409" style="position:absolute;font-size:9.28px;font-weight:bold;left:80.352px;top:144.8px;">Q3 2020 </div><div id="a31411" style="position:absolute;font-size:9.28px;font-weight:bold;left:141.507px;top:144.8px;">Q3 2019 </div><div id="a31414" style="position:absolute;font-size:9.28px;font-weight:bold;left:197.507px;top:144.8px;">Health, safety and the environment </div><div id="a31416" style="position:absolute;font-size:9.28px;font-weight:bold;left:608.547px;top:144.8px;">2020 </div><div id="a31418" style="position:absolute;font-size:9.28px;font-weight:bold;left:704.573px;top:144.8px;">2019 </div><div id="a31429" style="position:absolute;left:197.507px;top:174px;">Injury/incident frequency </div><div id="a31433" style="position:absolute;font-weight:bold;left:101.472px;top:190.7px;">2.3 </div><div id="a31435" style="position:absolute;left:162.627px;top:190.7px;">2.5 </div><div id="a31438" style="position:absolute;left:197.507px;top:190.7px;">Total recordable<div style="display:inline-block;width:4.54px">&#160;</div>injury frequency (TRIF) </div><div id="a31440" style="position:absolute;font-weight:bold;left:614.627px;top:190.7px;">2.3 </div><div id="a31442" style="position:absolute;left:710.653px;top:190.7px;">2.5 </div><div id="a31444" style="position:absolute;font-weight:bold;left:101.472px;top:218.2px;">0.6 </div><div id="a31446" style="position:absolute;left:162.627px;top:218.2px;">0.6 </div><div id="a31449" style="position:absolute;left:197.507px;top:218.2px;">Serious Incident Frequency (SIF) </div><div id="a31451" style="position:absolute;font-weight:bold;left:614.627px;top:218.2px;">0.5 </div><div id="a31453" style="position:absolute;left:710.653px;top:218.2px;">0.6 </div><div id="a31458" style="position:absolute;left:197.507px;top:245.7px;">Oil spills </div><div id="a31462" style="position:absolute;font-weight:bold;left:98.272px;top:272.9px;">165 </div><div id="a31464" style="position:absolute;left:159.427px;top:272.9px;">226 </div><div id="a31467" style="position:absolute;left:197.507px;top:272.9px;">Accidental oil spills (number of) </div><div id="a31469" style="position:absolute;font-weight:bold;left:611.427px;top:272.9px;">116 </div><div id="a31471" style="position:absolute;left:707.453px;top:272.9px;">170 </div><div id="a31473" style="position:absolute;font-weight:bold;left:94.112px;top:300.4px;">317 </div><div id="a31475" style="position:absolute;left:150.787px;top:300.4px;">8,850 </div><div id="a31478" style="position:absolute;left:197.507px;top:300.4px;">Accidental oil spills (cubic metres) </div><div id="a31480" style="position:absolute;font-weight:bold;left:611.427px;top:300.4px;">158 </div><div id="a31482" style="position:absolute;left:698.813px;top:300.4px;">8,824 </div><div id="a31500" style="position:absolute;font-size:9.28px;font-weight:bold;left:550.947px;top:383.9px;">First nine months </div><div id="a31502" style="position:absolute;font-size:9.28px;font-weight:bold;left:686.973px;top:383.9px;">Full year </div><div id="a31504" 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style="position:absolute;font-size:8px;font-weight:bold;left:646.333px;top:569.7px;">2019 </div><div id="a31603" style="position:absolute;font-size:8px;font-weight:bold;left:681.853px;top:569.7px;">Change </div><div id="a31613" style="position:absolute;font-weight:bold;left:80.352px;top:597.5px;">142 </div><div id="a31615" style="position:absolute;left:133.507px;top:597.5px;">97 </div><div id="a31617" style="position:absolute;left:174.467px;top:597.5px;">179 </div><div id="a31619" style="position:absolute;left:221.853px;top:597.5px;">(21%) </div><div id="a31621" style="position:absolute;left:255.453px;top:597.5px;">E&amp;P Norway exploration expenditures </div><div id="a31623" style="position:absolute;font-weight:bold;left:595.427px;top:597.5px;">369 </div><div id="a31625" style="position:absolute;left:642.493px;top:597.5px;">437 </div><div id="a31627" style="position:absolute;left:682.813px;top:597.5px;">(16%) </div><div id="a31629" style="position:absolute;font-weight:bold;left:80.352px;top:625px;">143 </div><div id="a31631" style="position:absolute;left:127.424px;top:625px;">234 </div><div id="a31633" style="position:absolute;left:174.467px;top:625px;">219 </div><div id="a31635" style="position:absolute;left:221.853px;top:625px;">(35%) </div><div id="a31637" style="position:absolute;left:255.453px;top:625px;">E&amp;P International exploration expenditures </div><div id="a31640" style="position:absolute;font-weight:bold;left:595.427px;top:625px;">598 </div><div id="a31642" style="position:absolute;left:642.493px;top:625px;">578 </div><div id="a31644" style="position:absolute;left:695.933px;top:625px;">3% </div><div id="a31646" style="position:absolute;font-weight:bold;left:86.432px;top:652.5px;">65 </div><div id="a31648" style="position:absolute;left:133.507px;top:652.5px;">76 </div><div id="a31650" style="position:absolute;left:180.547px;top:652.5px;">24 </div><div id="a31652" 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style="position:absolute;font-weight:bold;left:80.352px;top:790.5px;">575 </div><div id="a31722" style="position:absolute;left:127.424px;top:790.5px;">111 </div><div id="a31724" style="position:absolute;left:174.467px;top:790.5px;">611 </div><div id="a31726" style="position:absolute;left:227.933px;top:790.5px;">(6%) </div><div id="a31728" style="position:absolute;left:255.453px;top:790.5px;">Impairment (reversal of impairment) </div><div id="a31730" style="position:absolute;font-weight:bold;left:586.787px;top:790.5px;">1,022 </div><div id="a31732" style="position:absolute;left:642.493px;top:790.5px;">614 </div><div id="a31734" style="position:absolute;left:689.853px;top:790.5px;">67% </div><div id="a31744" style="position:absolute;font-weight:bold;left:80.352px;top:845.9px;">886 </div><div id="a31746" style="position:absolute;left:127.424px;top:845.9px;">393 </div><div id="a31748" style="position:absolute;left:174.467px;top:845.9px;">871 </div><div id="a31750" 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<div id="a31775" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a31776" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a31777" style="position:absolute;font-size:11.2px;font-weight:bold;left:60.512px;top:96.3px;">Calculation of capital employed<div style="display:inline-block;width:4.83px">&#160;</div>and net debt to capital<div style="display:inline-block;width:5.03px">&#160;</div>employed ratio</div><div id="a31798" style="position:absolute;font-size:14.72px;font-weight:bold;left:437.6px;top:93px;">&#160;</div><div id="a31799" style="position:absolute;font-size:11.2px;left:60.512px;top:115.5px;">The table below reconciles<div style="display:inline-block;width:5.03px">&#160;</div>the net interest-bearing<div style="display:inline-block;width:4.56px">&#160;</div>debt adjusted, the capital<div style="display:inline-block;width:4.77px">&#160;</div>employed, the net debt to<div 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style="position:absolute;font-size:9.28px;font-weight:bold;left:726.693px;top:179.4px;">At 30 </div><div id="a31908" style="position:absolute;font-size:9.28px;font-weight:bold;left:701.053px;top:191.5px;">September </div><div id="a31910" style="position:absolute;font-size:9.28px;font-weight:bold;left:60.512px;top:205px;">(in USD million) </div><div id="a31913" style="position:absolute;font-size:9.28px;font-weight:bold;left:527.547px;top:205px;">2020 </div><div id="a31915" style="position:absolute;font-size:9.28px;font-weight:bold;left:592.547px;top:205px;">2020 </div><div id="a31917" style="position:absolute;font-size:9.28px;font-weight:bold;left:663.613px;top:205px;">2019 </div><div id="a31919" style="position:absolute;font-size:9.28px;font-weight:bold;left:728.613px;top:205px;">2019 </div><div id="a31927" style="position:absolute;left:60.512px;top:233.5px;">Shareholders&apos; equity </div><div id="a31930" style="position:absolute;font-weight:bold;left:511.547px;top:233.5px;">34,084 </div><div id="a31932" style="position:absolute;left:576.867px;top:233.5px;">35,587 </div><div id="a31934" style="position:absolute;left:647.933px;top:233.5px;">41,139 </div><div id="a31936" style="position:absolute;left:712.893px;top:233.5px;">40,983 </div><div id="a31938" style="position:absolute;left:60.512px;top:261.1px;">Non-controlling interests </div><div id="a31943" style="position:absolute;font-weight:bold;left:532.347px;top:261.1px;">24 </div><div id="a31945" style="position:absolute;left:597.667px;top:261.1px;">23 </div><div id="a31947" style="position:absolute;left:668.733px;top:261.1px;">20 </div><div id="a31949" style="position:absolute;left:733.733px;top:261.1px;">16 </div><div id="a31957" style="position:absolute;left:60.512px;top:316.4px;">Total equity<div style="display:inline-block;width:4.82px">&#160;</div></div><div id="a31959" style="position:absolute;left:428.64px;top:316.4px;">A </div><div id="a31961" style="position:absolute;font-weight:bold;left:511.547px;top:316.4px;">34,108 </div><div id="a31963" style="position:absolute;left:576.867px;top:316.4px;">35,610 </div><div id="a31965" style="position:absolute;left:647.933px;top:316.4px;">41,159 </div><div id="a31967" style="position:absolute;left:712.893px;top:316.4px;">40,999 </div><div id="a31975" style="position:absolute;left:60.512px;top:372.1px;">Current finance debt </div><div id="a31978" style="position:absolute;font-weight:bold;left:517.627px;top:372.1px;">5,277 </div><div id="a31980" style="position:absolute;left:582.947px;top:372.1px;">5,463 </div><div id="a31982" style="position:absolute;left:654.013px;top:372.1px;">4,087 </div><div id="a31984" style="position:absolute;left:719.013px;top:372.1px;">4,375 </div><div id="a31986" style="position:absolute;left:60.512px;top:399.6px;">Non-current finance debt </div><div id="a31991" style="position:absolute;font-weight:bold;left:511.547px;top:399.6px;">32,193 </div><div id="a31993" style="position:absolute;left:576.867px;top:399.6px;">31,647 </div><div id="a31995" style="position:absolute;left:647.933px;top:399.6px;">24,945 </div><div id="a31997" style="position:absolute;left:712.893px;top:399.6px;">24,401 </div><div id="a32005" style="position:absolute;left:60.512px;top:455px;">Gross interest-bearing debt </div><div id="a32009" style="position:absolute;left:428.64px;top:455px;">B </div><div id="a32011" style="position:absolute;font-weight:bold;left:511.547px;top:455px;">37,471 </div><div id="a32013" style="position:absolute;left:576.867px;top:455px;">37,110 </div><div id="a32015" style="position:absolute;left:647.933px;top:455px;">29,032 </div><div id="a32017" style="position:absolute;left:712.893px;top:455px;">28,776 </div><div id="a32025" style="position:absolute;left:60.512px;top:510.7px;">Cash and cash equivalents </div><div id="a32028" style="position:absolute;font-weight:bold;left:517.627px;top:510.7px;">7,844 </div><div id="a32030" 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style="position:absolute;left:428.64px;top:593.6px;">C </div><div id="a32057" style="position:absolute;font-weight:bold;left:511.547px;top:593.6px;">18,407 </div><div id="a32059" style="position:absolute;left:576.867px;top:593.6px;">19,020 </div><div id="a32061" style="position:absolute;left:647.933px;top:593.6px;">12,604 </div><div id="a32063" style="position:absolute;left:712.893px;top:593.6px;">14,041 </div><div id="a32071" style="position:absolute;left:60.512px;top:649.3px;">Net interest-bearing debt [10] </div><div id="a32075" style="position:absolute;left:428.64px;top:649.3px;">B1 = B-C </div><div id="a32079" style="position:absolute;font-weight:bold;left:511.547px;top:649.3px;">19,064 </div><div id="a32081" style="position:absolute;left:576.867px;top:649.3px;">18,091 </div><div id="a32083" style="position:absolute;left:647.933px;top:649.3px;">16,429 </div><div id="a32085" style="position:absolute;left:712.893px;top:649.3px;">14,735 </div><div id="a32093" style="position:absolute;left:60.512px;top:704.7px;">Other interest-bearing elements</div><div id="a32096" style="position:absolute;font-size:6.72px;left:210.333px;top:704.1px;"><div style="display:inline-block;width:1.92px">&#160;</div>1)</div><div id="a32100" style="position:absolute;font-weight:bold;left:526.267px;top:704.7px;">669 </div><div id="a32102" style="position:absolute;left:591.587px;top:704.7px;">832 </div><div id="a32104" style="position:absolute;left:662.653px;top:704.7px;">791 </div><div id="a32106" style="position:absolute;left:727.653px;top:704.7px;">878 </div><div id="a32108" style="position:absolute;left:60.512px;top:732.2px;">Normalisation for cash-build up<div style="display:inline-block;width:4.23px">&#160;</div>before tax payment (50% of Tax<div style="display:inline-block;width:5.47px">&#160;</div>Payment)</div><div id="a32112" style="position:absolute;font-size:6.72px;left:410.72px;top:731.6px;"><div style="display:inline-block;width:1.92px">&#160;</div>2)</div><div id="a32116" style="position:absolute;font-weight:bold;left:526.267px;top:732.2px;">259 </div><div id="a32118" style="position:absolute;left:605.987px;top:732.2px;">- </div><div id="a32120" style="position:absolute;left:677.053px;top:732.2px;">- </div><div id="a32122" style="position:absolute;left:727.653px;top:732.2px;">670 </div><div id="a32130" style="position:absolute;left:60.512px;top:787.6px;">Net interest-bearing debt adjusted normalised<div style="display:inline-block;width:4.89px">&#160;</div>for tax payment, including </div><div id="a32133" style="position:absolute;left:60.512px;top:802px;">lease liabilities [5] </div><div id="a32135" style="position:absolute;left:428.64px;top:802px;">B2 </div><div id="a32137" style="position:absolute;font-weight:bold;left:511.547px;top:802px;">19,992 </div><div id="a32139" style="position:absolute;left:576.867px;top:802px;">18,923 </div><div id="a32141" style="position:absolute;left:647.933px;top:802px;">17,219 </div><div id="a32143" style="position:absolute;left:712.893px;top:802px;">16,283 </div><div id="a32151" style="position:absolute;left:60.512px;top:857.4px;">Lease liabilities </div><div id="a32154" style="position:absolute;font-weight:bold;left:517.627px;top:857.4px;">4,218 </div><div id="a32156" style="position:absolute;left:582.947px;top:857.4px;">4,154 </div><div id="a32158" style="position:absolute;left:654.013px;top:857.4px;">4,339 </div><div id="a32160" style="position:absolute;left:719.013px;top:857.4px;">4,383 </div><div id="a32168" style="position:absolute;left:60.512px;top:913.1px;">Net interest-bearing debt adjusted [5] </div><div id="a32172" style="position:absolute;left:428.64px;top:913.1px;">B3 </div><div id="a32174" style="position:absolute;font-weight:bold;left:511.547px;top:913.1px;">15,774 </div><div id="a32176" style="position:absolute;left:576.867px;top:913.1px;">14,768 </div><div id="a32178" style="position:absolute;left:647.933px;top:913.1px;">12,880 </div><div id="a32180" style="position:absolute;left:712.893px;top:913.1px;">11,899 </div><div id="a32188" style="position:absolute;font-weight:bold;left:60.512px;top:968.4px;">Calculation of capital employed [5] </div><div id="a32195" style="position:absolute;left:60.512px;top:996px;">Capital employed </div><div id="a32197" style="position:absolute;left:428.64px;top:996px;">A+B1 </div><div id="a32199" style="position:absolute;font-weight:bold;left:511.547px;top:996px;">53,172 </div><div id="a32201" style="position:absolute;left:576.867px;top:996px;">53,700 </div><div id="a32203" style="position:absolute;left:647.933px;top:996px;">57,588 </div><div id="a32205" style="position:absolute;left:712.893px;top:996px;">55,734 </div></div>
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<div style="position:absolute; width:695px; height:1px; left:57px; top:287.4px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:694px; height:1px; left:58px; top:149.5px; background-color:#000000;">&#160;</div>
<div style="position:absolute; width:55.7px; height:82.6px; left:492.7px; top:204.9px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:51.5px; height:55px; left:492.7px; top:94.4px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:60.8px; height:137.3px; left:490.1px; top:150.1px; background-color:#F2F1F1;">&#160;</div>
<div style="position:absolute; width:60.8px; height:55px; left:490.1px; top:94.4px; background-color:#F2F1F1;">&#160;</div>
<div id="a32207" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a32208" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a32209" style="position:absolute;left:60.512px;top:94.9px;">Capital employed adjusted, including<div style="display:inline-block;width:4.64px">&#160;</div>lease liabilities </div><div id="a32211" style="position:absolute;left:428.64px;top:94.9px;">A+B2 </div><div id="a32213" style="position:absolute;font-weight:bold;left:511.547px;top:94.9px;">54,100 </div><div id="a32215" style="position:absolute;left:576.867px;top:94.9px;">54,532 </div><div id="a32217" style="position:absolute;left:647.933px;top:94.9px;">58,378 </div><div id="a32219" style="position:absolute;left:712.893px;top:94.9px;">57,282 </div><div id="a32221" style="position:absolute;left:60.512px;top:122.5px;">Capital employed adjusted </div><div id="a32223" style="position:absolute;left:428.64px;top:122.5px;">A+B3 </div><div id="a32225" style="position:absolute;font-weight:bold;left:511.547px;top:122.5px;">49,883 </div><div id="a32227" style="position:absolute;left:576.867px;top:122.5px;">50,378 </div><div id="a32229" style="position:absolute;left:647.933px;top:122.5px;">54,039 </div><div id="a32231" style="position:absolute;left:712.893px;top:122.5px;">52,898 </div><div id="a32239" style="position:absolute;font-weight:bold;left:60.512px;top:178.2px;">Calculated net debt to capital employed<div style="display:inline-block;width:4.6px">&#160;</div>[5] </div><div id="a32246" style="position:absolute;left:60.512px;top:205.4px;">Net debt to capital employed </div><div id="a32248" style="position:absolute;left:428.64px;top:205.4px;">(B1)/(A+B1) </div><div id="a32250" style="position:absolute;font-weight:bold;left:517.947px;top:205.4px;">35.9% </div><div id="a32252" style="position:absolute;left:582.947px;top:205.4px;">33.7% </div><div id="a32254" style="position:absolute;left:654.013px;top:205.4px;">28.5% </div><div id="a32256" style="position:absolute;left:719.013px;top:205.4px;">26.4% </div><div id="a32258" style="position:absolute;left:60.512px;top:232.9px;">Net debt to capital employed adjusted,<div style="display:inline-block;width:4.72px">&#160;</div>including lease liabilities </div><div id="a32261" style="position:absolute;left:428.64px;top:232.9px;">(B2)/(A+B2) </div><div id="a32263" style="position:absolute;font-weight:bold;left:517.947px;top:232.9px;">37.0% </div><div id="a32265" style="position:absolute;left:582.947px;top:232.9px;">34.7% </div><div id="a32267" style="position:absolute;left:654.013px;top:232.9px;">29.5% </div><div id="a32269" style="position:absolute;left:719.013px;top:232.9px;">28.4% </div><div id="a32271" style="position:absolute;left:60.512px;top:260.4px;">Net debt to capital employed adjusted </div><div id="a32273" style="position:absolute;left:428.64px;top:260.4px;">(B3)/(A+B3) </div><div id="a32275" style="position:absolute;font-weight:bold;left:517.947px;top:260.4px;">31.6% </div><div id="a32277" style="position:absolute;left:582.947px;top:260.4px;">29.3% </div><div id="a32279" style="position:absolute;left:654.013px;top:260.4px;">23.8% </div><div id="a32281" style="position:absolute;left:719.013px;top:260.4px;">22.5% </div><div id="a32283" style="position:absolute;font-size:11.2px;left:60.512px;top:297.6px;">1)    Cash<div style="display:inline-block;width:4.89px">&#160;</div>and cash equivalents<div style="display:inline-block;width:4.59px">&#160;</div>adjustments regarding collateral<div style="display:inline-block;width:5.15px">&#160;</div>deposits classified as cash<div style="display:inline-block;width:4.71px">&#160;</div>and cash equivalents<div style="display:inline-block;width:4.28px">&#160;</div>in the Consolidated </div><div id="a32319" style="position:absolute;font-size:11.2px;left:84.192px;top:312px;">balance sheet but considered<div style="display:inline-block;width:5.09px">&#160;</div>as non-cash in the non<div style="display:inline-block;width:1.6px">&#160;</div>-GAAP calculations as well<div style="display:inline-block;width:4.78px">&#160;</div>as financial investments<div style="display:inline-block;width:4.66px">&#160;</div>in Equinor Insurance </div><div id="a32359" style="position:absolute;font-size:11.2px;left:84.192px;top:326.7px;">AS classified as current<div style="display:inline-block;width:4.93px">&#160;</div>financial investments. </div><div id="a32371" style="position:absolute;font-size:11.2px;left:60.512px;top:341.5px;">2)    Adjustment<div style="display:inline-block;width:5.44px">&#160;</div>to net interest-bearing debt<div style="display:inline-block;width:4.72px">&#160;</div>for cash build-up in the first<div style="display:inline-block;width:4.8px">&#160;</div>quarter and the third quarter<div style="display:inline-block;width:4.92px">&#160;</div>before tax payment on 1<div style="display:inline-block;width:4.68px">&#160;</div>April </div><div id="a32421" style="position:absolute;font-size:11.2px;left:84.192px;top:356.2px;">and 1 October.<div style="display:inline-block;width:4.96px">&#160;</div>This is to exclude 50% of<div style="display:inline-block;width:4.48px">&#160;</div>the cash build-up to have<div style="display:inline-block;width:4.83px">&#160;</div>a more even allocation of<div style="display:inline-block;width:4.85px">&#160;</div>tax payments between the<div style="display:inline-block;width:4.64px">&#160;</div>four </div><div id="a32471" style="position:absolute;font-size:11.2px;left:84.192px;top:370.9px;">quarters and hence<div style="display:inline-block;width:4.64px">&#160;</div>a more representative net<div style="display:inline-block;width:4.6px">&#160;</div>interest-bearing debt.<div style="display:inline-block;width:4.26px">&#160;</div></div></div>
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<div id="a32493" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a32494" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a32495" style="position:absolute;font-size:21.44px;font-weight:bold;left:60.512px;top:96.1px;">USE AND RECONCILIATION OF NON-GAAP FINANCIAL </div><div id="a32509" style="position:absolute;font-size:21.44px;font-weight:bold;left:60.512px;top:123px;">MEASURES </div><div id="a32511" style="position:absolute;font-size:11.2px;left:60.512px;top:161.2px;">Non-GAAP financial<div style="display:inline-block;width:4.75px">&#160;</div>measures are defined as numerical<div style="display:inline-block;width:5.29px">&#160;</div>measures that either exclude<div style="display:inline-block;width:4.72px">&#160;</div>or include amounts or<div style="display:inline-block;width:4.66px">&#160;</div>certain accounting items </div><div id="a32549" style="position:absolute;font-size:11.2px;left:60.512px;top:176px;">that are not excluded<div style="display:inline-block;width:4.55px">&#160;</div>or included in the comparable<div style="display:inline-block;width:5.13px">&#160;</div>measures calculated and<div style="display:inline-block;width:4.79px">&#160;</div>presented in accordance with<div style="display:inline-block;width:4.78px">&#160;</div>GAAP (i.e. IFRS). </div><div id="a32587" style="position:absolute;font-size:11.2px;left:60.512px;top:202.5px;">Management considers<div style="display:inline-block;width:4.9px">&#160;</div>adjusted earnings and adjusted<div style="display:inline-block;width:5.03px">&#160;</div>earnings after tax together<div style="display:inline-block;width:4.67px">&#160;</div>with other non-GAAP financial<div style="display:inline-block;width:5.22px">&#160;</div>measures as </div><div id="a32621" style="position:absolute;font-size:11.2px;left:60.512px;top:217.3px;">defined below,<div style="display:inline-block;width:4.9px">&#160;</div>to provide a better indication<div style="display:inline-block;width:4.92px">&#160;</div>of the underlying operational<div style="display:inline-block;width:4.64px">&#160;</div>and financial performance<div style="display:inline-block;width:4.95px">&#160;</div>in the period (excluding </div><div id="a32658" style="position:absolute;font-size:11.2px;left:60.512px;top:232px;">financing), and therefore<div style="display:inline-block;width:4.7px">&#160;</div>better facilitate comparisons<div style="display:inline-block;width:4.94px">&#160;</div>between periods.<div style="display:inline-block;width:4.01px">&#160;</div></div><div id="a32675" style="position:absolute;font-size:11.2px;left:60.512px;top:258.5px;">The following financial<div style="display:inline-block;width:4.72px">&#160;</div>measures may be considered<div style="display:inline-block;width:4.83px">&#160;</div>non-GAAP financial<div style="display:inline-block;width:4.68px">&#160;</div>measures: </div><div id="a32697" style="position:absolute;font-size:11.2px;left:60.512px;top:285.4px;">&#160;</div><div id="a32698" style="position:absolute;font-family:Times New Roman;font-size:13.44px;left:60.512px;top:298.2px;">&#9679;</div><div id="a32699" style="position:absolute;font-size:13.44px;left:66.592px;top:298.1px;">&#160;</div><div id="a32700" style="position:absolute;font-size:11.2px;font-weight:bold;left:84.512px;top:300.2px;">Net debt to capital employed,<div style="display:inline-block;width:4.8px">&#160;</div>Net debt to capital<div style="display:inline-block;width:4.72px">&#160;</div>employed adjusted,</div><div id="a32721" style="position:absolute;font-size:11.2px;left:452px;top:300.2px;"><div style="display:inline-block;width:3.2px">&#160;</div>including lease<div style="display:inline-block;width:4.65px">&#160;</div>liabilities and </div><div id="a32730" style="position:absolute;font-size:11.2px;font-weight:bold;left:601.827px;top:300.2px;">Net debt to capital </div><div id="a32738" style="position:absolute;font-size:11.2px;font-weight:bold;left:84.512px;top:314.9px;">employed ratio adjusted</div><div id="a32743" style="position:absolute;font-size:11.2px;left:214.813px;top:314.9px;"><div style="display:inline-block;width:3.2px">&#160;</div>&#8211; Following implementation<div style="display:inline-block;width:5.13px">&#160;</div>of IFRS 16 Equinor presents<div style="display:inline-block;width:4.98px">&#160;</div>a &#8220;net debt to capital employed<div style="display:inline-block;width:4.98px">&#160;</div>adjusted&#8221; </div><div id="a32775" style="position:absolute;font-size:11.2px;left:84.512px;top:329.3px;">excluding lease liabilities<div style="display:inline-block;width:4.77px">&#160;</div>from the gross interest<div style="display:inline-block;width:1.58px">&#160;</div>-bearing debt. 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<div id="a33584" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a33585" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a33586" style="position:absolute;font-size:21.44px;left:60.512px;top:96.1px;">FORWARD-LOOKING STATEMENTS </div><div id="a33592" style="position:absolute;font-size:11.2px;left:60.512px;top:125.4px;">This report contains<div style="display:inline-block;width:4.72px">&#160;</div>certain forward-looking statements<div style="display:inline-block;width:5.2px">&#160;</div>that involve risks and<div style="display:inline-block;width:4.24px">&#160;</div>uncertainties. In some<div style="display:inline-block;width:4.74px">&#160;</div>cases, we use words<div style="display:inline-block;width:4.23px">&#160;</div>such as </div><div id="a33632" style="position:absolute;font-size:11.2px;left:60.512px;top:140.1px;">&quot;ambition&quot;, &quot;continue&quot;,<div style="display:inline-block;width:4.68px">&#160;</div>&quot;could&quot;, &quot;estimate&quot;, &#8220;intend&#8221;,<div style="display:inline-block;width:4.89px">&#160;</div>&quot;expect&quot;, &quot;believe&quot;, &quot;likely&quot;,<div style="display:inline-block;width:4.83px">&#160;</div>&quot;may&quot;, &quot;outlook&quot;, &quot;plan&quot;, &quot;strategy&quot;,<div style="display:inline-block;width:4.86px">&#160;</div>&quot;will&quot;, &quot;guidance&quot;, </div><div id="a33660" style="position:absolute;font-size:11.2px;left:60.512px;top:154.8px;">&#8220;targets&#8221;, &#8220;in line<div style="display:inline-block;width:4.56px">&#160;</div>with&#8221;, &#8220;on track&#8221;, &#8220;consistent&#8221;<div style="display:inline-block;width:4.67px">&#160;</div>and similar expressions<div style="display:inline-block;width:4.64px">&#160;</div>to identify forward-looking<div style="display:inline-block;width:4.57px">&#160;</div>statements. Forward<div style="display:inline-block;width:1.35px">&#160;</div>-looking </div><div id="a33695" style="position:absolute;font-size:11.2px;left:60.512px;top:169.3px;">statements include<div style="display:inline-block;width:4.57px">&#160;</div>all statements other than<div style="display:inline-block;width:4.42px">&#160;</div>statements of historical<div style="display:inline-block;width:4.89px">&#160;</div>fact, including, among others,<div style="display:inline-block;width:4.8px">&#160;</div>statements regarding Equinor&#8217;s </div><div id="a33727" style="position:absolute;font-size:11.2px;left:60.512px;top:184px;">plans, intentions,<div style="display:inline-block;width:4.3px">&#160;</div>aims, ambitions and expectations<div style="display:inline-block;width:5.35px">&#160;</div>with respect to the Covid<div style="display:inline-block;width:1.55px">&#160;</div>-19 pandemic including<div style="display:inline-block;width:4.56px">&#160;</div>its impacts, consequences<div style="display:inline-block;width:4.67px">&#160;</div>and </div><div id="a33763" style="position:absolute;font-size:11.2px;left:60.512px;top:198.7px;">risks; Equinor&#8217;s USD 3 billion<div style="display:inline-block;width:4.84px">&#160;</div>action plan for 2020 to<div style="display:inline-block;width:4.43px">&#160;</div>strengthen financial<div style="display:inline-block;width:4.66px">&#160;</div>resilience; Equinor&#8217;s response<div style="display:inline-block;width:4.68px">&#160;</div>to the Covid-19 pandemic, </div><div id="a33803" style="position:absolute;font-size:11.2px;left:60.512px;top:213.4px;">including anticipated<div style="display:inline-block;width:4.78px">&#160;</div>measures to protect people,<div style="display:inline-block;width:4.59px">&#160;</div>operations and value creation,<div style="display:inline-block;width:5.2px">&#160;</div>operating costs and assumptions;<div style="display:inline-block;width:5.06px">&#160;</div>the commitment to </div><div id="a33837" style="position:absolute;font-size:11.2px;left:60.512px;top:228.1px;">develop as a broad<div style="display:inline-block;width:4.6px">&#160;</div>energy company; 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an inability<div style="display:inline-block;width:4.56px">&#160;</div>to attract and retain personnel;<div style="display:inline-block;width:4.95px">&#160;</div>inadequate insurance<div style="display:inline-block;width:4.6px">&#160;</div>coverage; changes or uncertainty<div style="display:inline-block;width:5.02px">&#160;</div>in or </div><div id="a34581" style="position:absolute;font-size:11.2px;left:60.512px;top:565.5px;">non-compliance with<div style="display:inline-block;width:4.82px">&#160;</div>laws and governmental regulations;<div style="display:inline-block;width:4.99px">&#160;</div>the actions of the Norwegian<div style="display:inline-block;width:4.98px">&#160;</div>state as majority shareholder;<div style="display:inline-block;width:5.15px">&#160;</div>failure to meet </div><div id="a34619" style="position:absolute;font-size:11.2px;left:60.512px;top:580.2px;">our ethical and social<div style="display:inline-block;width:4.58px">&#160;</div>standards; the political<div style="display:inline-block;width:4.42px">&#160;</div>and economic policies<div style="display:inline-block;width:4.75px">&#160;</div>of Norway and other o<div style="display:inline-block;width:1.51px">&#160;</div>il-producing countries; non<div style="display:inline-block;width:1.5px">&#160;</div>-compliance with </div><div id="a34660" style="position:absolute;font-size:11.2px;left:60.512px;top:595px;">international trade sanctions;<div style="display:inline-block;width:5px">&#160;</div>the actions of field partners;<div style="display:inline-block;width:4.88px">&#160;</div>adverse changes in<div style="display:inline-block;width:4.34px">&#160;</div>tax regimes; exchange<div style="display:inline-block;width:4.82px">&#160;</div>rate and interest rate </div><div id="a34696" style="position:absolute;font-size:11.2px;left:60.512px;top:609.4px;">fluctuations; factors<div style="display:inline-block;width:4.66px">&#160;</div>relating to trading, supply and<div style="display:inline-block;width:4.81px">&#160;</div>financial risk; general<div style="display:inline-block;width:4.58px">&#160;</div>economic conditions; and<div style="display:inline-block;width:4.56px">&#160;</div>other factors discussed<div style="display:inline-block;width:4.54px">&#160;</div>elsewhere </div><div id="a34730" style="position:absolute;font-size:11.2px;left:60.512px;top:624.1px;">in this report. Additional<div style="display:inline-block;width:4.91px">&#160;</div>information, including information<div style="display:inline-block;width:4.99px">&#160;</div>on factors that may<div style="display:inline-block;width:4.3px">&#160;</div>affect Equinor&#8217;s business,<div style="display:inline-block;width:4.91px">&#160;</div>is contained in Equinor&#8217;s </div><div id="a34766" style="position:absolute;font-size:11.2px;left:60.512px;top:638.8px;">Annual Report on Form<div style="display:inline-block;width:4.58px">&#160;</div>20-F for the year<div style="display:inline-block;width:4.28px">&#160;</div>ended December 31,<div style="display:inline-block;width:4.56px">&#160;</div>2019, filed with the U.S. Securities<div style="display:inline-block;width:5.2px">&#160;</div>and Exchange Commission </div><div id="a34808" style="position:absolute;font-size:11.2px;left:60.512px;top:653.5px;">(including section 2.11<div style="display:inline-block;width:5.58px">&#160;</div>Risk review - Risk factors<div style="display:inline-block;width:4.6px">&#160;</div>thereof). Equinor&#8217;s 2019 Annual<div style="display:inline-block;width:4.87px">&#160;</div>Report and Form 20-F is available<div style="display:inline-block;width:5.15px">&#160;</div>at Equinor&#8217;s </div><div id="a34850" style="position:absolute;font-size:11.2px;left:60.512px;top:668.3px;">website www.equinor.com.<div style="display:inline-block;width:6.3px">&#160;</div>Although we believe that<div style="display:inline-block;width:4.75px">&#160;</div>the expectations reflected<div style="display:inline-block;width:4.55px">&#160;</div>in the forward-looking statements<div style="display:inline-block;width:5.34px">&#160;</div>are reasonable, we </div><div id="a34884" style="position:absolute;font-size:11.2px;left:60.512px;top:683px;">cannot assure you that<div style="display:inline-block;width:4.8px">&#160;</div>our future results, level of<div style="display:inline-block;width:4.56px">&#160;</div>activity, performance<div style="display:inline-block;width:5.37px">&#160;</div>or achievements will meet<div style="display:inline-block;width:4.66px">&#160;</div>these expectations. Moreover, </div><div id="a34920" style="position:absolute;font-size:11.2px;left:60.512px;top:697.4px;">neither we nor any other<div style="display:inline-block;width:4.69px">&#160;</div>person assume responsibility<div style="display:inline-block;width:5.08px">&#160;</div>for the accuracy and completeness<div style="display:inline-block;width:5.24px">&#160;</div>of these forward-looking<div style="display:inline-block;width:4.7px">&#160;</div>statements. Any </div><div id="a34959" style="position:absolute;font-size:11.2px;left:60.512px;top:712.1px;">forward-looking statement<div style="display:inline-block;width:4.93px">&#160;</div>speaks only as of the<div style="display:inline-block;width:4.29px">&#160;</div>date on which such<div style="display:inline-block;width:4.62px">&#160;</div>statement is made, and,<div style="display:inline-block;width:4.34px">&#160;</div>except as required<div style="display:inline-block;width:4.54px">&#160;</div>by applicable law, we </div><div id="a35005" style="position:absolute;font-size:11.2px;left:60.512px;top:726.8px;">undertake no obligation<div style="display:inline-block;width:4.87px">&#160;</div>to update any of these statements<div style="display:inline-block;width:5.09px">&#160;</div>after the date of this report,<div style="display:inline-block;width:4.78px">&#160;</div>whether to make them either<div style="display:inline-block;width:5.01px">&#160;</div>conform to actual </div><div id="a35051" style="position:absolute;font-size:11.2px;left:60.512px;top:741.5px;">results or changes in<div style="display:inline-block;width:4.53px">&#160;</div>our expectations or<div style="display:inline-block;width:4.29px">&#160;</div>otherwise.</div><div id="a35066" style="position:absolute;font-family:Calibri;font-size:11.2px;left:319.493px;top:741.2px;">&#160;</div><div id="a35067" style="position:absolute;font-size:11.2px;left:60.512px;top:771px;">We use certain<div style="display:inline-block;width:4.58px">&#160;</div>terms in this document,<div style="display:inline-block;width:4.57px">&#160;</div>such as &#8220;resource&#8221; and<div style="display:inline-block;width:4.56px">&#160;</div>&#8220;resources&#8221; that the SEC&#8217;s rules<div style="display:inline-block;width:5.02px">&#160;</div>prohibit us from including in<div style="display:inline-block;width:4.85px">&#160;</div>our filings </div><div id="a35113" style="position:absolute;font-size:11.2px;left:60.512px;top:785.4px;">with the SEC. U.S. investors<div style="display:inline-block;width:4.96px">&#160;</div>are urged to closely consider<div style="display:inline-block;width:5.04px">&#160;</div>the disclosures in our Form 20<div style="display:inline-block;width:1.73px">&#160;</div>-F, SEC File<div style="display:inline-block;width:4.62px">&#160;</div>No. 1-15200. This<div style="display:inline-block;width:4.76px">&#160;</div>form is </div><div id="a35163" style="position:absolute;font-size:11.2px;left:60.512px;top:800.1px;">available on our website<div style="display:inline-block;width:4.67px">&#160;</div>or by calling 1-800-SEC-0330<div style="display:inline-block;width:4.92px">&#160;</div>or logging on to </div><div id="a35193" style="position:absolute;font-size:11.2px;color:#0000FF;left:418.72px;top:800.1px;">www.sec.gov</div><div id="a35194" style="position:absolute;font-size:11.2px;left:485.307px;top:800.1px;">.</div><div id="a35195" style="position:absolute;font-family:Calibri;font-size:11.2px;left:488.507px;top:799.8px;">&#160;</div><div id="a35196" style="position:absolute;font-size:11.2px;left:60.512px;top:829.6px;">Although we believe<div style="display:inline-block;width:4.75px">&#160;</div>that the expectations reflected<div style="display:inline-block;width:4.88px">&#160;</div>in the forward-looking statements<div style="display:inline-block;width:5px">&#160;</div>are reasonable, we cannot<div style="display:inline-block;width:4.68px">&#160;</div>assure you that our </div><div id="a35236" style="position:absolute;font-size:11.2px;left:60.512px;top:844.3px;">future results, level<div style="display:inline-block;width:4.6px">&#160;</div>of activity, performance<div style="display:inline-block;width:5.4px">&#160;</div>or achievements will meet<div style="display:inline-block;width:4.66px">&#160;</div>these expectations.<div style="display:inline-block;width:4.64px">&#160;</div>Moreover, neither<div style="display:inline-block;width:4.72px">&#160;</div>we nor any other person </div><div id="a35274" style="position:absolute;font-size:11.2px;left:60.512px;top:859px;">assumes responsibility<div style="display:inline-block;width:4.81px">&#160;</div>for the accuracy and completeness<div style="display:inline-block;width:5.25px">&#160;</div>of the forward-looking statements.<div style="display:inline-block;width:5.11px">&#160;</div>Unless we are required<div style="display:inline-block;width:4.26px">&#160;</div>by law to update </div><div id="a35314" style="position:absolute;font-size:11.2px;left:60.512px;top:873.4px;">these statements, we<div style="display:inline-block;width:4.6px">&#160;</div>will not necessarily update<div style="display:inline-block;width:4.69px">&#160;</div>any of these statements<div style="display:inline-block;width:4.63px">&#160;</div>after the date of this<div style="display:inline-block;width:4.39px">&#160;</div>report, either to make<div style="display:inline-block;width:4.66px">&#160;</div>them conform to </div><div id="a35360" style="position:absolute;font-size:11.2px;left:60.512px;top:888.2px;">actual results or changes<div style="display:inline-block;width:4.8px">&#160;</div>in our expectations.</div><div id="a35373" style="position:absolute;font-family:Calibri;font-size:11.2px;left:288.093px;top:887.8px;">&#160;</div></div>
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<div id="a35374" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a35375" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a35376" style="position:absolute;font-size:21.44px;left:60.512px;top:96.1px;">END NOTES </div><div id="a35380" style="position:absolute;font-family:Calibri;font-size:11.2px;left:60.512px;top:124.1px;">&#160;</div><div id="a35381" style="position:absolute;font-size:11.2px;left:60.512px;top:141.1px;">1.  The<div style="display:inline-block;width:6.74px">&#160;</div>group&apos;s average liquids<div style="display:inline-block;width:4.59px">&#160;</div>price is a volume-weighted<div style="display:inline-block;width:5.04px">&#160;</div>average of the segment<div style="display:inline-block;width:4.62px">&#160;</div>prices of crude oil, condensate<div style="display:inline-block;width:4.96px">&#160;</div>and natural gas </div><div id="a35426" style="position:absolute;font-size:11.2px;left:79.392px;top:158.3px;">liquids (NGL). </div><div id="a35430" style="position:absolute;font-size:11.2px;left:60.512px;top:176px;">2.  The<div style="display:inline-block;width:6.74px">&#160;</div>refining reference margin<div style="display:inline-block;width:4.83px">&#160;</div>is a typical average gross<div style="display:inline-block;width:4.87px">&#160;</div>margin of our two refineries,<div style="display:inline-block;width:4.92px">&#160;</div>Mongstad and Kalundborg.<div style="display:inline-block;width:4.77px">&#160;</div>The reference </div><div id="a35470" style="position:absolute;font-size:11.2px;left:79.392px;top:193.3px;">margin will differ<div style="display:inline-block;width:4.45px">&#160;</div>from the actual margin,<div style="display:inline-block;width:4.53px">&#160;</div>due to variations in<div style="display:inline-block;width:4.61px">&#160;</div>type of crude and other feedstock,<div style="display:inline-block;width:4.8px">&#160;</div>throughput, product yields,<div style="display:inline-block;width:4.99px">&#160;</div>freight </div><div id="a35513" style="position:absolute;font-size:11.2px;left:79.392px;top:210.5px;">cost, inventory,<div style="display:inline-block;width:5.22px">&#160;</div>etc. </div><div id="a35519" style="position:absolute;font-size:11.2px;left:60.512px;top:227.8px;">3.  Liquids<div style="display:inline-block;width:7.18px">&#160;</div>volumes include oil, condensate<div style="display:inline-block;width:5.14px">&#160;</div>and NGL, exclusive of royalty<div style="display:inline-block;width:4.8px">&#160;</div>oil. </div><div id="a35543" style="position:absolute;font-size:11.2px;left:60.512px;top:245.1px;">4.  Equity<div style="display:inline-block;width:6.75px">&#160;</div>volumes represent<div style="display:inline-block;width:4.57px">&#160;</div>produced volumes under<div style="display:inline-block;width:4.76px">&#160;</div>a production sharing agreement<div style="display:inline-block;width:5.11px">&#160;</div>(PSA) that correspond to<div style="display:inline-block;width:4.81px">&#160;</div>Equinor&apos;s ownership </div><div id="a35580" style="position:absolute;font-size:11.2px;left:79.392px;top:262.4px;">share in a field. Entitlement<div style="display:inline-block;width:5.13px">&#160;</div>volumes, on the other hand,<div style="display:inline-block;width:4.87px">&#160;</div>represent Equinor&apos;s share<div style="display:inline-block;width:4.64px">&#160;</div>of the volumes distributed<div style="display:inline-block;width:4.58px">&#160;</div>to the partners in the </div><div id="a35624" style="position:absolute;font-size:11.2px;left:79.392px;top:280px;">field, which are subject<div style="display:inline-block;width:4.81px">&#160;</div>to deductions for,<div style="display:inline-block;width:4.65px">&#160;</div>among other things, royalty<div style="display:inline-block;width:5.13px">&#160;</div>and the host government&apos;s<div style="display:inline-block;width:4.74px">&#160;</div>share of profit oil. Under<div style="display:inline-block;width:4.66px">&#160;</div>the </div><div id="a35666" style="position:absolute;font-size:11.2px;left:79.392px;top:297.3px;">terms of a PSA, the amount<div style="display:inline-block;width:5.2px">&#160;</div>of profit oil deducted from<div style="display:inline-block;width:4.54px">&#160;</div>equity volumes will normally<div style="display:inline-block;width:4.93px">&#160;</div>increase with the cumu<div style="display:inline-block;width:1.34px">&#160;</div>lative return on </div><div id="a35709" style="position:absolute;font-size:11.2px;left:79.392px;top:314.6px;">investment to the<div style="display:inline-block;width:4.34px">&#160;</div>partners and/or production<div style="display:inline-block;width:5.02px">&#160;</div>from the licence. Consequently,<div style="display:inline-block;width:5.92px">&#160;</div>the gap between entitlement<div style="display:inline-block;width:4.6px">&#160;</div>and equity volumes<div style="display:inline-block;width:4.65px">&#160;</div>will </div><div id="a35748" style="position:absolute;font-size:11.2px;left:79.392px;top:331.9px;">likely increase in<div style="display:inline-block;width:4.27px">&#160;</div>times of high liquids prices.<div style="display:inline-block;width:5.13px">&#160;</div>The distinction between<div style="display:inline-block;width:4.6px">&#160;</div>equity and entitlement is<div style="display:inline-block;width:4.4px">&#160;</div>relevant to most PSA regimes, </div><div id="a35788" style="position:absolute;font-size:11.2px;left:79.392px;top:349.1px;">whereas it is not<div style="display:inline-block;width:4.23px">&#160;</div>applicable in most concessionary<div style="display:inline-block;width:5.31px">&#160;</div>regimes such as those<div style="display:inline-block;width:4.77px">&#160;</div>in Norway,<div style="display:inline-block;width:4.59px">&#160;</div>the UK, the US, Canada<div style="display:inline-block;width:4.39px">&#160;</div>and Brazil.<div style="display:inline-block;width:3.72px">&#160;</div></div><div id="a35832" style="position:absolute;font-size:11.2px;left:60.512px;top:366.4px;">5.  These<div style="display:inline-block;width:7.07px">&#160;</div>are non-GAAP figures. See<div style="display:inline-block;width:4.82px">&#160;</div>Use and reconciliation of<div style="display:inline-block;width:4.78px">&#160;</div>non-GAAP financial measures<div style="display:inline-block;width:4.88px">&#160;</div>in the Supplementary<div style="display:inline-block;width:4.3px">&#160;</div>disclosures for </div><div id="a35872" style="position:absolute;font-size:11.2px;left:79.392px;top:384px;">more details. </div><div id="a35876" style="position:absolute;font-size:11.2px;left:60.512px;top:401.3px;">6.  Transactions<div style="display:inline-block;width:8.13px">&#160;</div>with the Norwegian State.<div style="display:inline-block;width:4.56px">&#160;</div>The Norwegian State, represented<div style="display:inline-block;width:5.18px">&#160;</div>by the Ministry of Petroleum<div style="display:inline-block;width:4.94px">&#160;</div>and Energy (MPE), is the </div><div id="a35917" style="position:absolute;font-size:11.2px;left:79.392px;top:418.6px;">majority shareholder<div style="display:inline-block;width:4.49px">&#160;</div>of Equinor and it also<div style="display:inline-block;width:4.6px">&#160;</div>holds major investments<div style="display:inline-block;width:4.71px">&#160;</div>in other entities. This ownership<div style="display:inline-block;width:5.13px">&#160;</div>structure means that Equinor </div><div id="a35955" style="position:absolute;font-size:11.2px;left:79.392px;top:435.9px;">participates in transactions<div style="display:inline-block;width:5.06px">&#160;</div>with many parties that are<div style="display:inline-block;width:4.6px">&#160;</div>under a common ownership<div style="display:inline-block;width:4.89px">&#160;</div>structure and therefore<div style="display:inline-block;width:4.81px">&#160;</div>meet the definition of a </div><div id="a35996" style="position:absolute;font-size:11.2px;left:79.392px;top:453.2px;">related party.<div style="display:inline-block;width:5.26px">&#160;</div>Equinor purchases liquids<div style="display:inline-block;width:4.57px">&#160;</div>and natural gas from the Norwegian<div style="display:inline-block;width:5.08px">&#160;</div>State, represented by<div style="display:inline-block;width:4.63px">&#160;</div>SDFI (the State&apos;s Direct </div><div id="a36032" style="position:absolute;font-size:11.2px;left:79.392px;top:470.5px;">Financial Interest).<div style="display:inline-block;width:4.55px">&#160;</div>In addition, Equinor sell<div style="display:inline-block;width:1.36px">&#160;</div>s<div style="display:inline-block;width:3.4px">&#160;</div>the State&apos;s natural gas production<div style="display:inline-block;width:5.06px">&#160;</div>in its own name, but for<div style="display:inline-block;width:4.57px">&#160;</div>the Norwegian State&apos;s </div><div id="a36074" style="position:absolute;font-size:11.2px;left:79.392px;top:488.1px;">account and risk<div style="display:inline-block;width:4.24px">&#160;</div>as well as related expenditures<div style="display:inline-block;width:5.01px">&#160;</div>are refunded by the<div style="display:inline-block;width:4.65px">&#160;</div>State. All transactions are<div style="display:inline-block;width:4.61px">&#160;</div>considered priced on an<div style="display:inline-block;width:4.64px">&#160;</div>arm&#8217;s-</div><div id="a36119" style="position:absolute;font-size:11.2px;left:79.392px;top:505.3px;">length basis. </div><div id="a36123" style="position:absolute;font-size:11.2px;left:60.512px;top:522.6px;">7.  The<div style="display:inline-block;width:6.74px">&#160;</div>production guidance<div style="display:inline-block;width:4.44px">&#160;</div>reflects our estimates<div style="display:inline-block;width:4.67px">&#160;</div>of proved reserves calculated<div style="display:inline-block;width:5.11px">&#160;</div>in accordance with US Securities<div style="display:inline-block;width:4.99px">&#160;</div>and Exchange </div><div id="a36159" style="position:absolute;font-size:11.2px;left:79.392px;top:539.9px;">Commission (SEC) guidelines<div style="display:inline-block;width:5.22px">&#160;</div>and additional production<div style="display:inline-block;width:4.8px">&#160;</div>from other reserves not<div style="display:inline-block;width:4.59px">&#160;</div>included in proved reser<div style="display:inline-block;width:1.46px">&#160;</div>ves estimates. The </div><div id="a36192" style="position:absolute;font-size:11.2px;left:79.392px;top:557.2px;">growth percentage<div style="display:inline-block;width:4.54px">&#160;</div>is based on historical<div style="display:inline-block;width:4.24px">&#160;</div>production numbers, adjusted<div style="display:inline-block;width:5.15px">&#160;</div>for portfolio measures<div style="display:inline-block;width:1.51px">&#160;</div>. </div><div id="a36217" style="position:absolute;font-size:11.2px;left:60.512px;top:574.5px;">8.  The<div style="display:inline-block;width:6.74px">&#160;</div>group&apos;s average invoiced<div style="display:inline-block;width:4.85px">&#160;</div>gas prices include volumes<div style="display:inline-block;width:4.77px">&#160;</div>sold by the MMP segment. </div><div id="a36246" style="position:absolute;font-size:11.2px;left:60.512px;top:592.1px;">9.  The<div style="display:inline-block;width:6.74px">&#160;</div>internal transfer price<div style="display:inline-block;width:4.62px">&#160;</div>paid from the MMP segment<div style="display:inline-block;width:4.64px">&#160;</div>to the E&amp;P Norway and<div style="display:inline-block;width:4.91px">&#160;</div>E&amp;P USA segments. </div><div id="a36283" style="position:absolute;font-size:11.2px;left:60.512px;top:609.4px;">10. Since different<div style="display:inline-block;width:4.68px">&#160;</div>legal entities in the group<div style="display:inline-block;width:4.78px">&#160;</div>lend to projects and others<div style="display:inline-block;width:4.71px">&#160;</div>borrow from banks, project<div style="display:inline-block;width:4.76px">&#160;</div>financing through external<div style="display:inline-block;width:4.58px">&#160;</div>bank or </div><div id="a36327" style="position:absolute;font-size:11.2px;left:79.392px;top:626.6px;">similar institutions is<div style="display:inline-block;width:4.45px">&#160;</div>not netted in the balance<div style="display:inline-block;width:4.75px">&#160;</div>sheet and results in over<div style="display:inline-block;width:1.52px">&#160;</div>-reporting of the debt stated<div style="display:inline-block;width:4.87px">&#160;</div>in the balance sheet compared </div><div id="a36373" style="position:absolute;font-size:11.2px;left:79.392px;top:643.9px;">to the underlying exposure<div style="display:inline-block;width:5.02px">&#160;</div>in the group. Similarly,<div style="display:inline-block;width:5.27px">&#160;</div>certain net interest-bearing<div style="display:inline-block;width:4.74px">&#160;</div>debt incurred from activities<div style="display:inline-block;width:4.86px">&#160;</div>pursuant to the </div><div id="a36411" style="position:absolute;font-size:11.2px;left:79.392px;top:661.2px;">Marketing Instruction<div style="display:inline-block;width:4.56px">&#160;</div>of the Norwegian government<div style="display:inline-block;width:5.14px">&#160;</div>are off-set against<div style="display:inline-block;width:4.34px">&#160;</div>receivables on the SDFI. Some<div style="display:inline-block;width:4.74px">&#160;</div>interest-bearing elements </div><div id="a36448" style="position:absolute;font-size:11.2px;left:79.392px;top:678.5px;">are classified together<div style="display:inline-block;width:4.7px">&#160;</div>with non-interest bearing elements,<div style="display:inline-block;width:5.27px">&#160;</div>and are therefore included<div style="display:inline-block;width:4.98px">&#160;</div>when calculating the net<div style="display:inline-block;width:4.38px">&#160;</div>interest-bearing </div><div id="a36484" style="position:absolute;font-size:11.2px;left:79.392px;top:696.4px;">debt. </div><div id="a36486" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:718.3px;">&#160;</div><div id="a36487" style="position:absolute;font-family:Calibri;font-size:14.72px;left:60.512px;top:750px;">&#160;</div><div id="a36488" style="position:absolute;font-size:32px;left:60.512px;top:784.5px;">Signatures </div><div id="a36490" style="position:absolute;left:60.512px;top:841.7px;">Pursuant to the requirements of the<div style="display:inline-block;width:4.44px">&#160;</div>Securities Exchange Act of 1934,<div style="display:inline-block;width:4.83px">&#160;</div>the registrant has duly caused this<div style="display:inline-block;width:4.3px">&#160;</div>report to be signed on its behalf<div style="display:inline-block;width:4.73px">&#160;</div>by </div><div id="a36540" style="position:absolute;left:60.512px;top:856.4px;">the undersigned, thereunto duly authoris<div style="display:inline-block;width:1.74px">&#160;</div>ed. </div><div id="a36552" style="position:absolute;left:60.512px;top:885.6px;">&#160;</div><div id="a36553" style="position:absolute;left:60.512px;top:915px;">EQUINOR ASA </div><div id="a36557" style="position:absolute;left:60.512px;top:944.4px;">(Registrant) </div><div id="a36559" style="position:absolute;left:60.512px;top:973.6px;">&#160;</div><div id="a36560" style="position:absolute;left:60.512px;top:1003px;">Dated: 29 October, 2020 </div><div id="a36569" style="position:absolute;left:396.64px;top:1032.5px;">By: ___/s/ Lars Christian Bacher </div></div>
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<div id="a36579" style="position:absolute;font-size:14.72px;left:60.512px;top:0.2px;">&#160;</div><div id="a36580" style="position:absolute;font-size:14.72px;left:60.512px;top:1076.3px;">&#160;</div><div id="a36581" style="position:absolute;left:396.64px;top:96.5px;">Name: Lars Christian Bacher </div><div id="a36589" style="position:absolute;left:396.64px;top:126px;">Title:<div style="display:inline-block;width:12.07px">&#160;</div>Chief Financial Officer </div></div>
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