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Segments | 12 Months Ended
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Dec. 31, 2020
Disclosure of operating segments [abstract] |
Disclosure of entity's operating segments [text block] | 3 Segments Equinor’s operations are managed through the following operating segments (business areas): Development & Production Norway (DPN), Development & Production International (DPI), Development & Production Brazil (DPB), Development & Production USA (DPUSA), Marketing, Midstream & Processing (MMP), New Energy Solutions (NES), Technology, Projects & Drilling (TPD), Exploration (EXP) and Global Strategy & Business Development (GSB). The development and production business areas are responsible for the commercial developm ent of the oil and gas portfolios within their respective geographical areas: DPN on the Norwegian continental shelf, DPB in Brazil, DPUSA in USA and DPI worldwide outside of DPN, DPB and DPUSA. Exploration activities are managed by the EXP business area, which has the global responsibility across the group for discovery and appraisal of new resources. Exploration activities are allocated to and presented in the respective development and production business areas. TPD is responsible for the global projec t portfolio, well delivery, new technology and sourcing across Equinor. The activities are allocated and presented in the respective business areas receiving the deliveries. The MMP business area is responsible for marketing and trading of oil and gas com modities (crude, condensate, gas liquids, products, natural gas and liquified natural gas), electricity and emission rights, as well as transportation, processing and manufacturing of the above-mentioned commodities, operations of refineries, terminals and processing - and power plants and low carbon solutions including carbon capture and storage which was previously the responsibility of the NES business area. The NES business area is responsible for wind parks and other renewable energy solutions. The b usiness areas DPI and DPB are aggregated into the reporting segment Exploration & Production International (E&P International). The aggregation has its basis in similar economic characteristics, such as similar revenue growth, net operating income, the ass ets’ long-term and capital-intensive nature and exposure to volatile oil and gas commodity prices, the nature of products, service and production processes, the type and class of customers, the methods of distribution and regulatory environment. The reporting segments Exploration & Production Norway (E&P Norway), Exploration & Production USA (E&P USA) and MMP consists of the business areas DPN, DPUSA and MMP respectively. The business areas NES, GSB, TPD, EXP and corporate staffs and support func tions are aggregated into the reporting segment “Other” due to the immateriality of these areas. The majority of costs within the business areas GSB, TPD and EXP are allocated to the E&P International, E&P Norway, E&P USA and MMP reporting segments. As fr om the second quarter of 2020, Equinor changed its internal reporting to management (CEC), impacting the composition of Equinor's operating and reporting segments. Equinor’s upstream activities in the USA is from the second quarter reported separately to m anagement. The fact that such information is also considered to be valuable for the users of the financial statements, resulted in the exploration and production activities in the USA as of the second quarter of 2020 were considered a separate operating- a nd reporting segment. Previously these activities were included in the DPI operating segment and presented as part of the E&P International reporting segment. The new structure has been reflected retrospectively with restated comparable figures. I nter-segm ent sales and related unrealised profits, mainly from the sale of crude oil and products, are eliminated in the Eliminations column below. Inter-segment revenues are based upon estimated market prices. Segment data for the years ended 31 December 2020, 2019 and 2018 are presented below. The measurement basis of segment profit is n et operating income/(loss). In the tables below, deferred tax assets, pension assets and non-current financial assets are not allocated t o the segments. The m easurement basis for segments is IFRS as applied by the group with the exception of IFRS 16 Leases and the line item Additions to property, plant and equipment (PP&E), intangibles and equity accounted investments. All IFRS 16 leases are presented within th e Other segment. The lease costs for the period are allocated to the different segments based on underlying lease payments, with a corresponding credit in the Other segment. Lease costs allocated to licence partners are recognised as other revenue in the O ther segment. Additions to PP&E, intangible assets and equity accounted investments in the E&P and MMP segments include the period’s allocated lease costs related to activity being capitalised with a corresponding negative addition in the Other segment. Th e line item Additions to property, plant and equipment (PP&E), intangibles and equity accounted investments excludes movements related to changes in asset retirement obligations.
Full year 2020 | E&P Norway | E&P International | E&P USA | MMP | Other | Eliminations | Total
(in USD million)
Revenues third party, other revenue and other income | 91 | 452 | 368 | 44,605 | 249 | 0 | 45,765
Revenues inter-segment | 11,804 | 3,183 | 2,247 | 309 | 4 | (17,547) | 0
Net income/(loss) from equity accounted investments | 0 | (146) | 0 | 31 | 168 | 0 | 53
Total revenues and other income | 11,895 | 3,489 | 2,615 | 44,945 | 421 | (17,547) | 45,818
Purchases [net of inventory variation] | (0) | (72) | 0 | (38,072) | 1 | 17,157 | (20,986)
Operating, selling, general and administrative expenses | (2,829) | (1,440) | (1,313) | (5,060) | 419 | 685 | (9,537)
Depreciation, amortisation and net impairment losses | (5,546) | (3,471) | (3,824) | (1,453) | (940) | 0 | (15,235)
Exploration expenses | (423) | (2,071) | (990) | 0 | 1 | 0 | (3,483)
Total operating expenses | (8,798) | (7,054) | (6,127) | (44,586) | (519) | 17,842 | (49,241)
Net operating income/(loss) | 3,097 | (3,565) | (3,512) | 359 | (98) | 296 | (3,423)
Additions to PP&E, intangibles and equity accounted investments | 4,851 | 2,608 | 1,068 | 190 | 1,044 | 0 | 9,761
Balance sheet information |  |  |  |  |  |  |
Equity accounted investments | 3 | 1,125 | 0 | 92 | 1,042 | 0 | 2,262
Non-current segment assets | 35,833 | 17,329 | 12,376 | 4,147 | 4,135 | 0 | 73,820
Non-current assets not allocated to segments |  |  |  |  |  |  | 13,704
Total non-current assets |  |  |  |  |  |  | 89,786
Full year 2019 | E&P Norway | E&P International | E&P USA | MMP | Other | Eliminations | Total
(in USD million) |  | (restated) | (restated) |  |  |  |
Revenues third party, other revenue and other income | 1,048 | 1,685 | 441 | 60,491 | 527 | 0 | 64,194
Revenues inter-segment | 17,769 | 4,376 | 3,792 | 439 | 4 | (26,379) | 0
Net income/(loss) from equity accounted investments | 15 | 24 | 6 | 25 | 93 | 0 | 164
Total revenues and other income | 18,832 | 6,085 | 4,239 | 60,955 | 624 | (26,379) | 64,357
Purchases [net of inventory variation] | (1) | (34) | 0 | (54,454) | (1) | 24,958 | (29,532)
Operating, selling, general and administrative expenses | (3,284) | (1,684) | (1,668) | (4,897) | 272 | 793 | (10,469)
Depreciation, amortisation and net impairment losses | (5,439) | (2,228) | (4,133) | (600) | (804) | 0 | (13,204)
Exploration expenses | (478) | (668) | (709) | 0 | 0 | 0 | (1,854)
Total operating expenses | (9,201) | (4,614) | (6,510) | (59,951) | (533) | 25,750 | (55,058)
Net operating income/(loss) | 9,631 | 1,471 | (2,271) | 1,004 | 92 | (629) | 9,299
Additions to PP&E, intangibles and equity accounted investments | 7,316 | 2,851 | 3,004 | 788 | 823 | 0 | 14,782
Balance sheet information |  |  |  |  |  |  |
Equity accounted investments | 3 | 321 | 0 | 90 | 1,028 | 0 | 1,442
Non-current segment assets | 33,795 | 20,784 | 16,774 | 5,124 | 4,214 | 0 | 80,691
Non-current assets not allocated to segments |  |  |  |  |  |  | 11,152
Total non-current assets |  |  |  |  |  |  | 93,285
Full year 2018 | E&P Norway | E&P International | E&P USA | MMP | Other | Eliminations | Total
(in USD million) |  | (restated) | (restated) |  |  |  |
Revenues third party, other revenues and other income | 588 | 2,758 | 423 | 75,487 | 45 | 0 | 79,301
Revenues inter-segment | 21,877 | 5,195 | 3,991 | 291 | 2 | (31,355) | 0
Net income/(loss) from equity accounted investments | 10 | 23 | 8 | 16 | 234 | 0 | 291
Total revenues and other income | 22,475 | 7,978 | 4,421 | 75,794 | 280 | (31,355) | 79,593
Purchases [net of inventory variation] | 2 | (23) | (3) | (69,296) | (0) | 30,805 | (38,516)
Operating, selling, general and administrative expenses | (3,270) | (1,569) | (1,437) | (4,377) | (288) | 653 | (10,286)
Depreciation, amortisation and net impairment losses | (4,370) | (2,394) | (2,198) | (215) | (72) | 0 | (9,249)
Exploration expenses | (431) | (586) | (387) | 0 | 0 | 0 | (1,405)
Total operating expenses | (8,069) | (4,575) | (4,022) | (73,888) | (360) | 31,458 | (59,456)
Net operating income /(loss) | 14,406 | 3,402 | 400 | 1,906 | (79) | 103 | 20,137
Most of the renewable assets in Equinor Group are accounted for using the equity method and the results are presented in the Other reporting segment. The net income from the equity accounted investments within the operating segment NES was USD 163 million in the full year 2020, USD 95 million in 2019 and USD 234 million in 2018. See note 4 Acquisitions and disposals for information on transactions that affect the different segments. See note 10 Property, plant and equipment for further information on impairment losses and impairment reversals that affect the different segments. See note 11 Intangible assets for information on impairment losses and impairment reversals that affect the different segments. See note 2 3 Other commitments, contingent liabilities and contingent assets for information on contingencies that affect the segments. Revenues from contract s with customers by geographical areas Equinor has business operations in more than 30 countries. When attributing the line item Revenues third party, other revenue and other income to the country of the legal entity executi ng the sale for 2020, Norway constitutes 80% and US A constitutes 14%. For 2019 the revenues to Norway and USA constituted 75% and 18% respectively, and for 2018 75% and 18% respectively.
Non-current assets by country |  |
| At 31 December
(in USD million) | 2020 | 2019
Norway | 42,192 | 40,292
USA | 13,172 | 17,776
Brazil | 8,203 | 8,724
UK | 4,398 | 5,657
Azerbaijan | 1,683 | 1,598
Canada | 1,527 | 1,672
Russia | 973 | 447
Denmark | 953 | 984
Algeria | 808 | 915
Angola | 725 | 1,564
Other countries | 1,447 | 2,504
Total non-current assets1) | 76,082 | 82,133
1) Excluding deferred tax assets, pension assets and non-current financial assets.
Revenues from contracts with customers and other revenues
(in USD million) | 2020 | 2019 | 2018
Crude oil | 24,509 | 33,505 | 40,948
Natural gas1) | 7,213 | 11,281 | 14,070
- European gas | 5,839 | 9,366 | 11,675
- North American gas | 1,010 | 1,359 | 1,581
- Other incl LNG | 363 | 556 | 814
Refined products | 6,534 | 10,652 | 13,124
Natural gas liquids | 5,069 | 5,807 | 7,167
Transportation | 1,083 | 967 | 1,033
Other sales | 681 | 445 | 903
Total revenues from contracts with customers | 45,088 | 62,657 | 77,246
Over/Under lift |  |  | 137
Taxes paid in-kind | 93 | 344 | 865
Physically settled commodity derivatives2) | 209 | (1,086) | 488
Gain/(loss) on commodity derivatives | 108 | 732 | (216)
Other revenues | 256 | 265 | 36
Total other revenues | 665 | 254 | 1,309
Revenues | 45,753 | 62,911 | 78,555
1) Retrospectively applied the disaggregation of Natural gas revenues in the 2018 financial statements.
2) Retrospectively reclassified Physically settled commodity derivatives to Total other revenues, previously presented as Natural gas revenue included in Total revenues from contracts with customers in the 2018 financial statements.

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