<SEC-DOCUMENT>0001140625-22-000058.txt : 20220504
<SEC-HEADER>0001140625-22-000058.hdr.sgml : 20220504
<ACCEPTANCE-DATETIME>20220504064359
ACCESSION NUMBER:		0001140625-22-000058
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220331
FILED AS OF DATE:		20220504
DATE AS OF CHANGE:		20220504

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:		22889747

	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>eqnr1q22_6k.htm
<DESCRIPTION>EQUINOR FIRST QUARTER 2022 REPORT
<TEXT>
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<div id="a2" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:354.5px;top:96.4px;">UNITED STATES </div><div id="a4" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.7px;top:111.1px;">SECURITIES AND EXCHANGE COMMISSION </div><div id="a6" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:332.9px;top:125.8px;">WASHINGTON, DC 20549 </div><div id="a9" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:345.3px;top:154.8px;">FORM 6-K </div><div id="a13" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:294px;top:196.4px;">REPORT OF FOREIGN PRIVATE ISSUER </div><div id="a15" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:275.4px;top:211.1px;">PURSUANT TO RULE 13a-16 OR 15d-16 OF THE </div><div id="a21" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:298.5px;top:225.8px;">SECURITIES EXCHANGE ACT OF 1934 </div><div id="a24" style="position:absolute;font-family:&apos;Arial&apos;;left:369px;top:255.1px;">4 May 2022 </div><div id="a27" style="position:absolute;font-family:&apos;Arial&apos;;left:315.9px;top:269.7px;">Commission File Number 1-15200 </div><div id="a31" style="position:absolute;font-family:&apos;Arial&apos;;font-size:18.72px;font-weight:bold;left:339.4px;top:294.8px;">Equinor ASA </div><div id="a35" style="position:absolute;font-family:&apos;Arial&apos;;left:289.7px;top:332.4px;">(Translation of registrant&#8217;s name into English) </div><div id="a38" style="position:absolute;font-family:&apos;Arial&apos;;left:273px;top:361.9px;">FORUSBEEN 50, N-4035, STAVANGER,<div style="display:inline-block;width:4.4px">&#160;</div>NORWAY </div><div id="a42" style="position:absolute;font-family:&apos;Arial&apos;;left:305.7px;top:376.4px;">(Address of principal executive offices) </div><div id="a45" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:405.9px;">Indicate by check mark whether the registrant files<div style="display:inline-block;width:1.7px">&#160;</div>or will file annual reports under cover of Form 20-F<div style="display:inline-block;width:1.5px">&#160;</div>or Form 40-F: </div><div id="a54" style="position:absolute;font-family:&apos;Arial&apos;;left:331.7px;top:435.1px;">Form 20-F </div><div id="a57" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:384.5px;top:435.1px;">X </div><div id="a58" style="position:absolute;font-family:&apos;Arial&apos;;left:394.6px;top:435.1px;"><div style="display:inline-block;width:17.9px">&#160;</div>Form 40-F </div><div id="a64" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:464.4px;">Indicate by check mark if the registrant is submitting<div style="display:inline-block;width:1.6px">&#160;</div>the Form 6-K in paper as permitted by Regulation<div style="display:inline-block;width:1.4px">&#160;</div>S-T Rule 101(b)(1):_____ </div><div id="a72" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:493.9px;">Indicate by check mark if the registrant is submitting<div style="display:inline-block;width:1.6px">&#160;</div>the Form 6-K in paper as permitted by Regulation<div style="display:inline-block;width:1.4px">&#160;</div>S-T Rule 101(b)(7):_____ </div><div id="a79" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:523px;">This Report on Form 6-K contains a report of<div style="display:inline-block;width:1.7px">&#160;</div>the first quarter 2022 results of Equinor ASA.</div></div>
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<div id="a90" style="position:absolute;font-family:&apos;Arial&apos;;left:592.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>2 </div><div id="a95" style="position:absolute;font-family:&apos;Arial&apos;;font-size:36px;color:#FF1243;left:60.5px;top:95.2px;">Equinor first quarter 2022 </div><div id="a98" style="position:absolute;font-family:&apos;Arial&apos;;font-size:16px;left:60.5px;top:151.7px;">Equinor reports adjusted earnings of USD 18.0 billion and USD 5.18 billion after tax in the first </div><div id="a109" style="position:absolute;font-family:&apos;Arial&apos;;font-size:16px;left:60.5px;top:173px;">quarter of 2022. IFRS net operating income was USD 18.4 billion and the IFRS net income </div><div id="a116" style="position:absolute;font-family:&apos;Arial&apos;;font-size:16px;left:60.5px;top:194.4px;">was USD 4.71 billion. </div><div id="a123" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:227.2px;">The first quarter of 2022 was characterised by:</div><div id="a129" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:244.8px;">&#9679;<div style="display:inline-block;width:18.6px">&#160;</div>The invasion of Ukraine impacting already tight energy markets,<div style="display:inline-block;width:2.2px">&#160;</div>increasing commodity prices and volatility.<div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a140" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:262px;">&#9679;<div style="display:inline-block;width:18.6px">&#160;</div>Strong operational performance and increased<div style="display:inline-block;width:2.7px">&#160;</div>production of gas to Europe to support energy security. </div><div id="a156" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:279.5px;">&#9679;<div style="display:inline-block;width:18.6px">&#160;</div>Very strong adjusted earnings and free cash flow*</div><div id="a166" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:336.5px;top:279.5px;">of USD 12.7 billion.<div style="display:inline-block;width:2.9px">&#160;</div></div><div id="a172" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:296.8px;">&#9679;<div style="display:inline-block;width:18.6px">&#160;</div>Announced process for exiting Russia leading to an impairment of USD 1.08 billion. </div><div id="a185" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:314px;">&#9679;<div style="display:inline-block;width:18.6px">&#160;</div>Continued progress on all strategic priorities with continued cost<div style="display:inline-block;width:2.2px">&#160;</div>focus and capital discipline.<div style="display:inline-block;width:2.8px">&#160;</div></div><div id="a197" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:331.5px;">&#9679;<div style="display:inline-block;width:18.6px">&#160;</div>Cash dividend of USD 0.20 per share, continued extraordinary cash dividend of USD 0.20 per share<div style="display:inline-block;width:1.8px">&#160;</div>and second tranche of share </div><div id="a207" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.3px;top:348.8px;">buy-back of around USD 1.33 billion. </div><div id="a217" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:375.2px;">&#8220;The invasion of Ukraine stands as a dark moment for Europe and our thoughts are with all suffering the consequences<div style="display:inline-block;width:1.7px">&#160;</div>of the brutal </div><div id="a221" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:390.6px;">war. After having been in Russia for three decades, we saw the situation as untenable and acted decisively by stopping new </div><div id="a229" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:405.8px;">investments into Russia and by starting the process of exiting Equinor&#8217;s Russian joint<div style="display:inline-block;width:1.8px">&#160;</div>ventures. Exiting Russia will heavily impact our </div><div id="a248" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:421.1px;">employees, and it leads to impairments of our assets in the country this quarter&#8220;, says Anders Opedal,<div style="display:inline-block;width:1.8px">&#160;</div>president and CEO of Equinor </div><div id="a268" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:436.5px;">ASA.</div><div id="a270" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:466.6px;">&#8220;With an energy crisis in Europe, Equinor&#8217;s top priority is securing safe and reliable deliveries. Strong<div style="display:inline-block;width:1.7px">&#160;</div>operational performance and </div><div id="a287" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:481.8px;">good regularity gave high production in the quarter. We have optimised the gas production to deliver higher volumes, and Hammerfest </div><div id="a304" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:497.1px;">LNG is on track for a safe start-up on 17 May. Further, continued capital discipline and cost focus enabled us to deliver very strong </div><div id="a318" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:512.5px;">financial results and cash flow, strengthening the balance sheet&#8221;, says Opedal. </div><div id="a327" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:542.6px;">&#8220;Equinor is developing as a leading company in the energy transition with forceful industrial<div style="display:inline-block;width:1.8px">&#160;</div>progress within oil and gas, renewables, </div><div id="a332" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:557.8px;">as well as low-carbon portfolios. On the Norwegian continental shelf the fifth and final platform<div style="display:inline-block;width:1.8px">&#160;</div>at the Johan Sverdrup field is installed </div><div id="a349" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:573.1px;">and the turbines for the floating wind farm Hywind Tampen are currently being assembled. Equinor has been awarded licences and </div><div id="a361" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:588.5px;">operatorships for the development of two CO</div><div id="a363" style="position:absolute;font-family:&apos;Arial&apos;;font-size:7.36px;left:286.1px;top:593.4px;">2</div><div id="a364" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:290.3px;top:588.5px;"><div style="display:inline-block;width:3px">&#160;</div>storage sites, an important milestone in the work to make the Norwegian continental </div><div id="a371" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:603.9px;">shelf a leading province in Europe for CO</div><div id="a372" style="position:absolute;font-family:&apos;Arial&apos;;font-size:7.36px;left:267.9px;top:608.8px;">2</div><div id="a373" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:271.9px;top:603.9px;"><div style="display:inline-block;width:3.2px">&#160;</div>storage. In Brazil the production from the first wells for increased recovery at Roncador<div style="display:inline-block;width:1.6px">&#160;</div>is </div><div id="a383" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:619.2px;">on stream&#8221;, says Opedal.</div><div id="a389" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:649.1px;">Strong financial results from higher prices</div><div id="a391" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:664.5px;">Energy prices increased in the quarter, as Russia&#8217;s invasion of Ukraine added to the uncertainty in already tight markets, in particular </div><div id="a404" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:679.9px;">for European gas. Equinor realised higher prices for liquids and gas and delivered adjusted earnings*<div style="display:inline-block;width:1.8px">&#160;</div>of USD 18.0 billion in the </div><div id="a421" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:695.2px;">quarter, up from USD 4.09 billion in the same period in 2021. Adjusted earnings after tax* were USD 5.18 billion, up from USD 1.29 </div><div id="a445" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:710.6px;">billion in the same period last year.</div><div id="a448" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:740.5px;">On 28 February Equinor announced its decision</div><div id="a451" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:305.7px;top:740.5px;">to stop new investments into Russia and to start the process of exiting its Russian </div><div id="a454" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:755.9px;">joint ventures. We have recognised net impairments of USD 1.08 billion related to assets in Russia this quarter.</div><div id="a469" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:785.8px;">The Marketing, Midstream and Processing segment results were impacted by adverse effects of fair value accounting<div style="display:inline-block;width:1.9px">&#160;</div>of price risk </div><div id="a489" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:801.1px;">management derivatives.<div style="display:inline-block;width:3.1px">&#160;</div>The negative effects were partially offset by strong trading results including a strong result from Danske </div><div id="a497" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:816.5px;">Commodities.</div><div id="a499" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:846.6px;">IFRS net operating income was USD 18.4 billion in the quarter, up from USD 5.22 billion in the same period in 2021. IFRS net income </div><div id="a526" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:861.8px;">was USD 4.71 billion in the quarter, compared to USD 1.85 billion in the first quarter of 2021. The net impairment reversal<div style="display:inline-block;width:1.8px">&#160;</div>of USD 0.27 </div><div id="a566" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:877.2px;">billion includes impairment reversals of USD 0.82 billion in the E&amp;P Norway segment<div style="display:inline-block;width:1.8px">&#160;</div>and USD 0.53 billion in the E&amp;P USA segments, </div><div id="a568" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:892.5px;">mainly due to the short-term commodity prices. </div><div id="a572" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:922.6px;">Strong operational performance with good regularity gave high production across all<div style="display:inline-block;width:1.8px">&#160;</div>segments.</div><div id="a577" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:937.8px;">Strong operational performance and high production, as well as optimised production to deliver more gas<div style="display:inline-block;width:1.8px">&#160;</div>to Europe, supported </div><div id="a581" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:953.2px;">increased value creation in the quarter.</div><div id="a584" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:983.3px;">Equinor delivered a total equity production of 2,106 mboe per day in the first quarter, down from 2,168 mboe per day in the same </div><div id="a588" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:998.6px;">period in 2021.</div></div>
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<div id="a593" style="position:absolute;font-family:&apos;Arial&apos;;left:592.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>3 </div><div id="a598" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:96.4px;">E&amp;P Norway increased production by 4%, including an increase of gas to Europe<div style="display:inline-block;width:2px">&#160;</div>of 10%, supporting a gas share of Equinor&#8217;s equity </div><div id="a610" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:111.6px;">production of 50%. Production from Martin Linge and increased production from Gina Krog and<div style="display:inline-block;width:1.6px">&#160;</div>Gullfaks partially offset the effects of </div><div id="a614" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:127px;">expected decline and sale of Bakken in the US.</div><div id="a618" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:157.1px;">The Renewable segment delivered equity production of 511 GWh in the quarter, up from 451 GWh for the same period last year, due </div><div id="a637" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:172.4px;">to the production from the Guanizuil IIA solar plant in Argentina and the offshore wind farms benefitting from<div style="display:inline-block;width:1.9px">&#160;</div>higher wind speeds. </div><div id="a650" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:202.4px;">In the first quarter Equinor completed 4 exploration wells offshore with no commercial discoveries and 4 wells were ongoing<div style="display:inline-block;width:1.8px">&#160;</div>at quarter </div><div id="a672" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:217.7px;">end. </div><div id="a675" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:247.6px;">Very strong cash flow and continued capital discipline further strengthening the balance sheet</div><div id="a702" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:263px;">Cash flows provided by operating activities before taxes paid and changes in working capital amounted<div style="display:inline-block;width:1.8px">&#160;</div>to USD 20.1 billion for the first </div><div id="a750" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:278.4px;">quarter, compared to USD 6.62 billion for the same period in 2021. Organic capital expenditure* was USD 1.80 billion for<div style="display:inline-block;width:1.8px">&#160;</div>the quarter. </div><div id="a789" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:308.4px;">At the end of the quarter adjusted net debt to capital employed* was negative 22.2%, further down from negative<div style="display:inline-block;width:1.7px">&#160;</div>0.8% in the fourth </div><div id="a808" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:323.6px;">quarter of 2021. The one tax instalment of NCS taxes paid in the quarter relates to 2021 results. Including<div style="display:inline-block;width:1.7px">&#160;</div>the lease liabilities </div><div id="a816" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:339px;">according to IFRS 16, the net debt to capital employed*</div><div id="a820" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:338.1px;top:339px;"><div style="display:inline-block;width:3.2px">&#160;</div>was negative 10.7%.</div><div id="a826" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:369.1px;">Competitive capital distribution</div><div id="a828" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:384.5px;">The board of directors has decided a cash dividend of USD 0.20 per share, and to continue the extraordinary<div style="display:inline-block;width:1.7px">&#160;</div>cash dividend of USD </div><div id="a832" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:399.7px;">0.20 per share for the first quarter of 2022, in line with communication at the Capital markets<div style="display:inline-block;width:1.7px">&#160;</div>update in February.</div><div id="a838" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:430.4px;">Based on the very strong first quarter results, the strength of the balance sheet, and the<div style="display:inline-block;width:1.8px">&#160;</div>outlook, the board has decided to initiate a </div><div id="a840" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:445.8px;">second tranche of the share buy-back programme of around USD 1.33 billion. This is in line with<div style="display:inline-block;width:1.7px">&#160;</div>communication at the Capital </div><div id="a849" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:461.1px;">markets update of executing a share buy-back programme for 2022 of up to USD 5 billion, and subject<div style="display:inline-block;width:1.8px">&#160;</div>to authorisation from the </div><div id="a852" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:476.5px;">Annual General Meeting on 11 May 2022. The second tranche will commence on 16 May and will end no later than 26 July 2022.</div><div id="a856" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:507px;">The first tranche of the share buy-back programme for 2022 was completed on 25 March<div style="display:inline-block;width:1.8px">&#160;</div>2022 with a total value of USD 1 billion. </div><div id="a865" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:537.8px;">The first quarter 2022 capital distribution is based on a continuation of high commodity prices from<div style="display:inline-block;width:1.8px">&#160;</div>second half of 2021 and strong </div><div id="a868" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:553.1px;">earnings into first quarter of 2022.</div><div id="a871" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:583.7px;">All share buyback amounts include shares to be redeemed by the Norwegian State. </div><div id="a874" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:614.4px;">Emissions and serious incidents frequency</div><div id="a879" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:629.8px;">Average CO</div><div id="a880" style="position:absolute;font-family:&apos;Arial&apos;;font-size:7.36px;left:122.9px;top:634.8px;">2</div><div id="a881" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:127.1px;top:629.8px;">-emissions from Equinor&#8217;s operated upstream production, on a<div style="display:inline-block;width:1.8px">&#160;</div>100% basis, were 6.7 kg per boe in the first quarter, </div><div id="a895" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:645.1px;">compared to 7.0 kg per boe for the full year of 2021.</div><div id="a905" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:675.7px;">The twelve-month average serious incident frequency (SIF) was 0.5, unchanged from the first quarter in<div style="display:inline-block;width:1.9px">&#160;</div>2021. </div><div id="a924" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:582.2px;top:708.7px;">Quarters </div><div id="a926" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:699.7px;top:708.7px;">Change </div><div id="a928" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:63.2px;top:735.9px;">(in USD million, unless stated otherwise) </div><div id="a930" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:536.1px;top:734.3px;">Q1 2022 </div><div id="a932" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:590px;top:734.3px;">Q4 2021 </div><div id="a935" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:644.1px;top:734.3px;">Q1 2021 </div><div id="a937" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:692.5px;top:734.3px;">Q1 on Q1 </div><div id="a944" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:776.8px;">Net operating income/(loss) </div><div id="a946" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.3px;top:776.8px;">18,392 </div><div id="a948" style="position:absolute;font-family:&apos;Arial&apos;;left:589.2px;top:776.8px;">13,578 </div><div id="a950" style="position:absolute;font-family:&apos;Arial&apos;;left:649.3px;top:776.8px;">5,220 </div><div id="a952" style="position:absolute;font-family:&apos;Arial&apos;;left:700.5px;top:776.8px;">&gt;100% </div><div id="a954" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:804.1px;">Adjusted earnings [5] </div><div id="a956" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.3px;top:804.1px;">17,991 </div><div id="a958" style="position:absolute;font-family:&apos;Arial&apos;;left:589.2px;top:804.1px;">14,989 </div><div id="a960" style="position:absolute;font-family:&apos;Arial&apos;;left:649.3px;top:804.1px;">4,085 </div><div id="a962" style="position:absolute;font-family:&apos;Arial&apos;;left:700.5px;top:804.1px;">&gt;100% </div><div id="a964" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:831.7px;">Net income/(loss) </div><div id="a966" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:541.2px;top:831.7px;">4,714 </div><div id="a968" style="position:absolute;font-family:&apos;Arial&apos;;left:595.1px;top:831.7px;">3,370 </div><div id="a970" style="position:absolute;font-family:&apos;Arial&apos;;left:649.3px;top:831.7px;">1,854 </div><div id="a972" style="position:absolute;font-family:&apos;Arial&apos;;left:700.5px;top:831.7px;">&gt;100% </div><div id="a974" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:859.1px;">Adjusted earnings after tax [5] </div><div id="a976" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:541.2px;top:859.1px;">5,179 </div><div id="a978" style="position:absolute;font-family:&apos;Arial&apos;;left:595.1px;top:859.1px;">4,397 </div><div id="a980" style="position:absolute;font-family:&apos;Arial&apos;;left:649.3px;top:859.1px;">1,289 </div><div id="a982" style="position:absolute;font-family:&apos;Arial&apos;;left:700.5px;top:859.1px;">&gt;100% </div><div id="a984" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:886.6px;">Total equity liquids and gas production (mboe per day) [4] </div><div id="a987" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:541.2px;top:886.6px;">2,106 </div><div id="a989" style="position:absolute;font-family:&apos;Arial&apos;;left:595.1px;top:886.6px;">2,158 </div><div id="a991" style="position:absolute;font-family:&apos;Arial&apos;;left:649.3px;top:886.6px;">2,168 </div><div id="a993" style="position:absolute;font-family:&apos;Arial&apos;;left:711.3px;top:886.6px;">(3%) </div><div id="a995" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:913.9px;">Group average liquids price (USD/bbl) [1] </div><div id="a997" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.1px;top:913.9px;">97.1 </div><div id="a999" style="position:absolute;font-family:&apos;Arial&apos;;left:601.1px;top:913.9px;">75.9 </div><div id="a1001" style="position:absolute;font-family:&apos;Arial&apos;;left:655.2px;top:913.9px;">56.4 </div><div id="a1003" style="position:absolute;font-family:&apos;Arial&apos;;left:712.6px;top:913.9px;">72% </div><div id="a1008" style="position:absolute;font-family:&apos;Arial&apos;;color:#242424;left:60.5px;top:1019.7px;">* This is a non-GAAP figure. Comparison numbers and<div style="display:inline-block;width:1.7px">&#160;</div>reconciliation to IFRS are presented in<div style="display:inline-block;width:1.6px">&#160;</div>the table Calculation of capital employed and </div><div id="a1012" style="position:absolute;font-family:&apos;Arial&apos;;color:#242424;left:60.5px;top:1034.3px;">net debt to capital employed ratio as shown under the<div style="display:inline-block;width:1.6px">&#160;</div>Supplementary section in the report.</div></div>
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<div id="a1019" style="position:absolute;font-family:&apos;Arial&apos;;left:592.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>4 </div><div id="a1024" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:60.5px;top:94.9px;">GROUP REVIEW </div><div id="a1026" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:137.5px;">First quarter 2022 </div><div id="a1028" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:171.3px;">Total equity liquids and gas production</div><div id="a1029" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:272.1px;top:171.3px;"><div style="display:inline-block;width:3.2px">&#160;</div>[4] was 2,106 mboe per day in the first quarter of 2022,<div style="display:inline-block;width:2.1px">&#160;</div>compared to 2,168 mboe per day in </div><div id="a1043" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:186.5px;">the first quarter of 2021. The decrease was mainly due to the divestment of an unconventional<div style="display:inline-block;width:1.7px">&#160;</div>US onshore asset in the second </div><div id="a1071" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:201.9px;">quarter of 2021 and expected natural decline. The decrease was</div><div id="a1093" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:387.6px;top:201.9px;">partially offset by positive contribution from the new field Martin </div><div id="a1102" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:217.2px;">Linge and effects from a change in short-term gas strategy for certain fields on the NCS.</div><div id="a1111" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:248px;">Total entitlement liquids and gas production </div><div id="a1112" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:302.5px;top:248px;">[3] was 1,958 mboe per day in the first quarter of 2022, compared to 2,014 mboe<div style="display:inline-block;width:1.8px">&#160;</div>per </div><div id="a1127" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:263.3px;">day in the first quarter of 2021. The production was influenced by the factors mentioned above in<div style="display:inline-block;width:1.8px">&#160;</div>addition to lower entitlement under </div><div id="a1135" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:278.5px;">production sharing agreements (PSA) [4] as a result of higher prices.<div style="display:inline-block;width:2.2px">&#160;</div>The net effect of PSA and US royalties was in total 148 mboe </div><div id="a1143" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:293.9px;">per day in the first quarter of 2022 compared to 154 mboe per day in the first quarter of 2021. </div><div id="a1153" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:323.6px;">Condensed income statement under IFRS </div><div id="a1155" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:579.5px;top:323.6px;">Quarters </div><div id="a1157" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:696.9px;top:323.6px;">Change </div><div id="a1159" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:337.9px;">(unaudited, in USD million) </div><div id="a1161" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:533.4px;top:337.9px;">Q1 2022 </div><div id="a1163" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:587.3px;top:337.9px;">Q4 2021 </div><div id="a1165" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:641.4px;top:337.9px;">Q1 2021 </div><div id="a1167" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:689.7px;top:337.9px;">Q1 on Q1 </div><div id="a1169" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:354.5px;">Total revenues and other income </div><div id="a1171" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:532.6px;top:354.5px;">36,393 </div><div id="a1173" style="position:absolute;font-family:&apos;Arial&apos;;left:586.5px;top:354.5px;">32,608 </div><div id="a1175" style="position:absolute;font-family:&apos;Arial&apos;;left:640.6px;top:354.5px;">17,589 </div><div id="a1177" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:354.5px;">&gt;100% </div><div id="a1184" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:398.7px;">Purchases [net of inventory variation] </div><div id="a1187" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:529.5px;top:398.7px;">(13,510) </div><div id="a1189" style="position:absolute;font-family:&apos;Arial&apos;;left:583.5px;top:398.7px;">(11,543) </div><div id="a1191" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:398.7px;">(7,166) </div><div id="a1193" style="position:absolute;font-family:&apos;Arial&apos;;left:709.9px;top:398.7px;">89% </div><div id="a1195" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:415.6px;">Operating and administrative expenses </div><div id="a1197" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:415.6px;">(2,271) </div><div id="a1199" style="position:absolute;font-family:&apos;Arial&apos;;left:589.4px;top:415.6px;">(2,504) </div><div id="a1201" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:415.6px;">(2,160) </div><div id="a1203" style="position:absolute;font-family:&apos;Arial&apos;;left:715.8px;top:415.6px;">5% </div><div id="a1205" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:443px;">Depreciation, amortisation and net impairment losses </div><div id="a1207" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:443px;">(2,017) </div><div id="a1209" style="position:absolute;font-family:&apos;Arial&apos;;left:589.4px;top:443px;">(4,777) </div><div id="a1211" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:443px;">(2,797) </div><div id="a1213" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:443px;">(28%) </div><div id="a1215" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:470.5px;">Exploration expenses </div><div id="a1217" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:470.5px;">(203) </div><div id="a1219" style="position:absolute;font-family:&apos;Arial&apos;;left:598.2px;top:470.5px;">(206) </div><div id="a1221" style="position:absolute;font-family:&apos;Arial&apos;;left:652.3px;top:470.5px;">(247) </div><div id="a1223" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:470.5px;">(18%) </div><div id="a1225" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:492.6px;">Net operating income/(loss) </div><div id="a1228" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:532.6px;top:492.6px;">18,392 </div><div id="a1230" style="position:absolute;font-family:&apos;Arial&apos;;left:586.5px;top:492.6px;">13,578 </div><div id="a1232" style="position:absolute;font-family:&apos;Arial&apos;;left:646.5px;top:492.6px;">5,220 </div><div id="a1234" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:492.6px;">&gt;100% </div><div id="a1236" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:524.6px;">Net income/(loss) </div><div id="a1238" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:538.5px;top:524.6px;">4,714 </div><div id="a1240" style="position:absolute;font-family:&apos;Arial&apos;;left:592.4px;top:524.6px;">3,370 </div><div id="a1242" style="position:absolute;font-family:&apos;Arial&apos;;left:646.5px;top:524.6px;">1,854 </div><div id="a1244" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:524.6px;">&gt;100% </div><div id="a1251" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:581.9px;">Net operating income </div><div id="a1252" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:179.7px;top:581.9px;">was USD 18,392 million in the first quarter of 2022, compared to USD 5,220 million<div style="display:inline-block;width:1.8px">&#160;</div>in the first quarter of 2021. </div><div id="a1265" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:597.1px;">Revenues increased significantly compared to same quarter last year, driven by higher average prices for both gas and liquids. Net </div><div id="a1269" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:612.5px;">impairment reversals due to changes to short term price assumptions added to the increase in Net<div style="display:inline-block;width:1.7px">&#160;</div>operating income, partially offset </div><div id="a1271" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:627.9px;">by higher purchases.</div><div id="a1276" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:660.7px;">Adjusted earnings </div><div id="a1278" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:579.5px;top:660.7px;">Quarters </div><div id="a1280" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:696.9px;top:660.7px;">Change </div><div id="a1282" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:673.3px;">(in USD million) </div><div id="a1284" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:533.4px;top:673.3px;">Q1 2022 </div><div id="a1286" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:587.3px;top:673.3px;">Q4 2021 </div><div id="a1288" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:641.4px;top:673.3px;">Q1 2021 </div><div id="a1290" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:689.7px;top:673.3px;">Q1 on Q1 </div><div id="a1297" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:700.8px;">Adjusted total revenues and other income </div><div id="a1299" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:532.6px;top:700.8px;">36,712 </div><div id="a1301" style="position:absolute;font-family:&apos;Arial&apos;;left:586.5px;top:700.8px;">31,836 </div><div id="a1303" style="position:absolute;font-family:&apos;Arial&apos;;left:640.6px;top:700.8px;">15,945 </div><div id="a1305" style="position:absolute;font-family:&apos;Arial&apos;;left:697.6px;top:700.8px;">&gt;100% </div><div id="a1307" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:733.6px;">Adjusted purchases [6] </div><div id="a1309" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:529.5px;top:733.6px;">(13,781) </div><div id="a1311" style="position:absolute;font-family:&apos;Arial&apos;;left:583.5px;top:733.6px;">(11,201) </div><div id="a1313" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:733.6px;">(7,071) </div><div id="a1315" style="position:absolute;font-family:&apos;Arial&apos;;left:709.9px;top:733.6px;">95% </div><div id="a1317" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:760.9px;">Adjusted operating and administrative expenses </div><div id="a1319" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:760.9px;">(2,450) </div><div id="a1321" style="position:absolute;font-family:&apos;Arial&apos;;left:589.4px;top:760.9px;">(2,465) </div><div id="a1323" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:760.9px;">(2,173) </div><div id="a1325" style="position:absolute;font-family:&apos;Arial&apos;;left:709.9px;top:760.9px;">13% </div><div id="a1327" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:780.3px;">Adjusted depreciation, amortisation and net impairment<div style="display:inline-block;width:1.6px">&#160;</div>losses </div><div id="a1329" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:780.3px;">(2,333) </div><div id="a1331" style="position:absolute;font-family:&apos;Arial&apos;;left:589.4px;top:780.3px;">(2,979) </div><div id="a1333" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:780.3px;">(2,386) </div><div id="a1335" style="position:absolute;font-family:&apos;Arial&apos;;left:708.6px;top:780.3px;">(2%) </div><div id="a1337" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:807.7px;">Adjusted exploration expenses </div><div id="a1339" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:807.7px;">(157) </div><div id="a1341" style="position:absolute;font-family:&apos;Arial&apos;;left:598.2px;top:807.7px;">(202) </div><div id="a1343" style="position:absolute;font-family:&apos;Arial&apos;;left:652.3px;top:807.7px;">(230) </div><div id="a1345" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:807.7px;">(32%) </div><div id="a1347" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:829.7px;">Adjusted earnings [5] </div><div id="a1349" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:532.6px;top:829.7px;">17,991 </div><div id="a1351" style="position:absolute;font-family:&apos;Arial&apos;;left:586.5px;top:829.7px;">14,989 </div><div id="a1353" style="position:absolute;font-family:&apos;Arial&apos;;left:646.5px;top:829.7px;">4,085 </div><div id="a1355" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:829.7px;">&gt;100% </div><div id="a1357" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:862.4px;">Adjusted earnings after tax [5] </div><div id="a1359" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:538.5px;top:862.4px;">5,179 </div><div id="a1361" style="position:absolute;font-family:&apos;Arial&apos;;left:592.4px;top:862.4px;">4,397 </div><div id="a1363" style="position:absolute;font-family:&apos;Arial&apos;;left:646.5px;top:862.4px;">1,289 </div><div id="a1365" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:862.4px;">&gt;100% </div><div id="a1372" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:906.9px;">For items impacting net operating income/(loss), see Use and reconciliation of non-GAAP financial measures<div style="display:inline-block;width:1.7px">&#160;</div>in the Supplementary </div><div id="a1375" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:921.7px;">disclosures. </div><div id="a1379" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:994.8px;">Adjusted total revenues and other income </div><div id="a1380" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:290px;top:994.8px;">were USD 36,712 million in the first quarter of 2022, compared to USD 15,945 million<div style="display:inline-block;width:1.7px">&#160;</div>in </div><div id="a1387" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:1009.7px;">the first quarter of 2021. The increase was mainly due to significantly higher average prices for gas<div style="display:inline-block;width:1.8px">&#160;</div>and liquids, partially offset by </div><div id="a1424" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:1024.5px;">lower production rates.</div></div>
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<div id="a1432" style="position:absolute;font-family:&apos;Arial&apos;;left:592.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>5 </div><div id="a1437" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:96.1px;">Adjusted purchases</div><div id="a1438" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:169px;top:96.1px;"><div style="display:inline-block;width:3px">&#160;</div>[6] were USD 13,781 million in the first quarter of 2022, compared to USD 7,071 million in the<div style="display:inline-block;width:1.8px">&#160;</div>first quarter of </div><div id="a1443" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:111px;">2021. The increase was mainly due to significantly higher average prices for gas and liquids<div style="display:inline-block;width:1.8px">&#160;</div>in addition to higher third party </div><div id="a1485" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:125.9px;">purchases.</div><div id="a1487" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:155.5px;">Adjusted operating and administrative expenses </div><div id="a1488" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:325.2px;top:155.5px;">were USD 2,450 million in the first quarter of 2022, compared to USD 2,173 </div><div id="a1491" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:170.5px;">million in the first quarter of 2021. The increase was mainly due to higher operation and<div style="display:inline-block;width:1.8px">&#160;</div>maintenance cost. Higher transportation costs </div><div id="a1496" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:185.4px;">and selling, general and administrative expenses added to the increase. The increase was partially<div style="display:inline-block;width:1.8px">&#160;</div>offset by the NOK/USD exchange </div><div id="a1500" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:200.3px;">rate development.</div><div id="a1502" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:229.9px;">Adjusted depreciation, amortisation and net impairment losses </div><div id="a1503" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:403.4px;top:229.9px;">were USD 2,333 million in the first quarter of 2022, compared to </div><div id="a1507" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:244.9px;">USD 2,386 million in the first quarter of 2021. The reduction was due to increased reserves<div style="display:inline-block;width:1.8px">&#160;</div>and lower overall production, partially </div><div id="a1510" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:259.8px;">offset by ramp-up of new field.</div><div id="a1514" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:289.4px;">Adjusted exploration expenses </div><div id="a1515" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:231.4px;top:289.4px;">were USD 157 million in the first quarter of 2022, compared to USD 230 million in the first<div style="display:inline-block;width:1.8px">&#160;</div>quarter of </div><div id="a1522" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:304.3px;">2021. 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<div id="a1956" style="position:absolute;font-family:&apos;Arial&apos;;left:592.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>6 </div><div id="a1961" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:96.4px;">represent the most significant risks related to the foregoing production guidance. Our future financial<div style="display:inline-block;width:1.7px">&#160;</div>performance, including<div style="display:inline-block;width:2.9px">&#160;</div>cash flow </div><div id="a1965" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:111.6px;">and liquidity, will be affected by the extent and duration of the current market conditions, the development in realised prices, including </div><div id="a1968" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:127px;">price differentials and other factors discussed elsewhere in the report. For further information, see section Forward-looking </div><div id="a1973" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:142.4px;">statements. </div></div>
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style="position:absolute;font-family:&apos;Arial&apos;;left:604.1px;top:463.8px;">(69) </div><div id="a2198" style="position:absolute;font-family:&apos;Arial&apos;;left:658.2px;top:463.8px;">(70) </div><div id="a2200" style="position:absolute;font-family:&apos;Arial&apos;;left:709.9px;top:463.8px;">52% </div><div id="a2207" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:519.3px;">Net operating income/(loss) </div><div id="a2210" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:532.6px;top:519.3px;">16,934 </div><div id="a2212" style="position:absolute;font-family:&apos;Arial&apos;;left:586.5px;top:519.3px;">14,858 </div><div id="a2214" style="position:absolute;font-family:&apos;Arial&apos;;left:646.5px;top:519.3px;">3,350 </div><div id="a2216" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:519.3px;">&gt;100% </div><div id="a2219" 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<div id="a2796" style="position:absolute;font-family:&apos;Arial&apos;;left:592.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>8 </div><div id="a2801" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:94.8px;">Adjusted depreciation, amortisation and net impairment<div style="display:inline-block;width:1.6px">&#160;</div>losses </div><div id="a2803" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:94.8px;">(1,367) </div><div id="a2805" style="position:absolute;font-family:&apos;Arial&apos;;left:589.4px;top:94.8px;">(1,722) </div><div id="a2807" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:94.8px;">(1,293) </div><div id="a2809" style="position:absolute;font-family:&apos;Arial&apos;;left:715.8px;top:94.8px;">6% </div><div id="a2811" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:122.2px;">Adjusted exploration expenses </div><div id="a2814" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:122.2px;">(101) </div><div id="a2816" style="position:absolute;font-family:&apos;Arial&apos;;left:604.1px;top:122.2px;">(69) </div><div id="a2818" style="position:absolute;font-family:&apos;Arial&apos;;left:658.2px;top:122.2px;">(70) </div><div id="a2820" style="position:absolute;font-family:&apos;Arial&apos;;left:709.9px;top:122.2px;">46% </div><div id="a2827" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:167.1px;">Adjusted earnings/(loss) [5] </div><div id="a2829" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:532.6px;top:167.1px;">16,258 </div><div id="a2831" style="position:absolute;font-family:&apos;Arial&apos;;left:586.5px;top:167.1px;">14,813 </div><div id="a2833" style="position:absolute;font-family:&apos;Arial&apos;;left:646.5px;top:167.1px;">3,563 </div><div id="a2835" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:167.1px;">&gt;100% </div><div id="a2842" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:57.8px;top:211.6px;">For items impacting net operating income/(loss), see Use and reconciliation of non-GAAP financial measures<div style="display:inline-block;width:1.7px">&#160;</div>in the Supplementary </div><div id="a2845" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:57.8px;top:226.4px;">disclosures. </div><div id="a2848" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:287.2px;">Balance sheet information: </div><div id="a2854" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:209.3px;top:287.2px;">The sum of equity accounted investments and non-current segment assets was USD 35,200 million<div style="display:inline-block;width:1.7px">&#160;</div>at<div style="display:inline-block;width:3px">&#160;</div></div><div id="a2887" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:302.5px;">31 March 2022, compared to USD 35,879 million at 31 March 2021.</div></div>
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<div id="a2911" style="position:absolute;font-family:&apos;Arial&apos;;left:592.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>9 </div><div id="a2916" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:60.5px;top:96.2px;">EXPLORATION<div style="display:inline-block;width:7.9px">&#160;</div>&amp; PRODUCTION INTERNATIONAL </div><div id="a2919" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:162.3px;">First quarter 2022 review </div><div id="a2928" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:196.4px;">Average daily equity production of liquids and gas</div><div id="a2943" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:332.7px;top:196.4px;"><div style="display:inline-block;width:3.2px">&#160;</div>was 341 mboe per day in the first quarter of 2022 compared to 360 mboe per </div><div id="a2976" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:211.6px;">day in the first quarter of 2021. The decrease was primarily due to natural decline in mature fields.<div style="display:inline-block;width:1.8px">&#160;</div>Equity production from Russia in </div><div id="a3023" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:227px;">the first quarter of 2022 increased slightly compared to the first quarter of 2021 but reduced following Equinor&#8217;s<div style="display:inline-block;width:1.5px">&#160;</div>decision to start the </div><div id="a3068" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:242.4px;">process of exiting Russia.</div><div id="a3076" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:273.1px;">Average daily entitlement production of liquids and gas</div><div id="a3092" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:359.7px;top:273.1px;"><div style="display:inline-block;width:3.2px">&#160;</div>was 239 mboe per day in the first quarter of 2022 compared to 267 mboe </div><div id="a3123" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:288.4px;">per day in the first quarter of 2021. The decrease was mainly due to lower equity production<div style="display:inline-block;width:1.8px">&#160;</div>and higher effects from production </div><div id="a3167" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:303.6px;">sharing agreements (PSA) as a result of higher prices. 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style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:503.6px;">(399) </div><div id="a3293" style="position:absolute;font-family:&apos;Arial&apos;;left:598.2px;top:503.6px;">(410) </div><div id="a3295" style="position:absolute;font-family:&apos;Arial&apos;;left:652.3px;top:503.6px;">(252) </div><div id="a3297" style="position:absolute;font-family:&apos;Arial&apos;;left:709.9px;top:503.6px;">58% </div><div id="a3299" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:531.1px;">Depreciation, amortisation and net impairment losses </div><div id="a3301" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:531.1px;">(1,365) </div><div id="a3303" style="position:absolute;font-family:&apos;Arial&apos;;left:589.4px;top:531.1px;">(2,262) </div><div id="a3305" style="position:absolute;font-family:&apos;Arial&apos;;left:652.3px;top:531.1px;">(400) </div><div id="a3307" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:531.1px;">&gt;100% </div><div id="a3309" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:547.9px;">Exploration expenses </div><div id="a3311" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:550.2px;top:547.9px;">(81) </div><div id="a3313" style="position:absolute;font-family:&apos;Arial&apos;;left:598.2px;top:547.9px;">(102) </div><div id="a3315" style="position:absolute;font-family:&apos;Arial&apos;;left:652.3px;top:547.9px;">(107) </div><div id="a3317" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:547.9px;">(24%) </div><div id="a3324" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:592.7px;">Net operating income/(loss) </div><div id="a3326" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:592.7px;">(366) </div><div id="a3328" 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Adjusted depreciation, amortisation and net impairment losses </div><div id="a3444" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:791.2px;">decreased mainly due to lower entitlement production from several fields, lower investment basis caused by impairment in a<div style="display:inline-block;width:1.8px">&#160;</div>previous </div><div id="a3483" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:806.6px;">period and portfolio change, partially offset by an increase in asset retirement obligation (ARO) estimates and change in reserve </div><div id="a3522" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:821.9px;">estimates. 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<div id="a3648" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>10 </div><div id="a3653" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:95.4px;">Adjusted earnings </div><div id="a3655" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:579.5px;top:95.4px;">Quarters </div><div id="a3657" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:696.9px;top:95.4px;">Change </div><div id="a3659" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:121.1px;">(in USD million) </div><div id="a3661" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:533.4px;top:121.1px;">Q1 2022 </div><div id="a3663" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:587.3px;top:121.1px;">Q4 2021 </div><div id="a3665" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:641.4px;top:121.1px;">Q1 2021 </div><div id="a3667" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:689.7px;top:121.1px;">Q1 on Q1 </div><div id="a3674" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:174.9px;">Adjusted total revenues and other income </div><div id="a3676" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:538.5px;top:174.9px;">1,851 </div><div id="a3678" style="position:absolute;font-family:&apos;Arial&apos;;left:592.4px;top:174.9px;">1,700 </div><div id="a3680" style="position:absolute;font-family:&apos;Arial&apos;;left:646.5px;top:174.9px;">1,198 </div><div id="a3682" 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style="position:absolute;font-family:&apos;Arial&apos;;left:598.2px;top:247.3px;">(388) </div><div id="a3706" style="position:absolute;font-family:&apos;Arial&apos;;left:652.3px;top:247.3px;">(335) </div><div id="a3708" style="position:absolute;font-family:&apos;Arial&apos;;left:709.9px;top:247.3px;">29% </div><div id="a3710" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:274.6px;">Adjusted depreciation, amortisation and net impairment<div style="display:inline-block;width:1.6px">&#160;</div>losses </div><div id="a3712" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:274.6px;">(326) </div><div id="a3714" style="position:absolute;font-family:&apos;Arial&apos;;left:598.2px;top:274.6px;">(484) </div><div id="a3716" style="position:absolute;font-family:&apos;Arial&apos;;left:652.3px;top:274.6px;">(349) </div><div id="a3718" style="position:absolute;font-family:&apos;Arial&apos;;left:708.6px;top:274.6px;">(7%) </div><div 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<div id="a3823" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>11 </div><div id="a3828" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:60.5px;top:96.2px;">EXPLORATION<div style="display:inline-block;width:7.9px">&#160;</div>&amp; PRODUCTION USA </div><div id="a3832" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:162.3px;">First quarter 2022 review </div><div id="a3841" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:196.4px;">Average daily equity production of liquids and gas</div><div id="a3856" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:332.7px;top:196.4px;"><div style="display:inline-block;width:3.2px">&#160;</div>was 329 mboe per day in the first quarter of 2022 compared to 423 mboe per </div><div id="a3889" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:211.6px;">day in the first quarter of 2021. The decrease was mainly due to a divestment of an unconventional US onshore<div style="display:inline-block;width:1.7px">&#160;</div>asset in the second </div><div id="a3937" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:227px;">quarter of 2021 as well as natural decline.</div><div id="a3954" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:257.7px;">Average daily entitlement production of liquids and gas </div><div id="a3970" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:362.9px;top:257.7px;">decreased to 284 mboe per day in the first quarter of 2022 compared to </div><div id="a3998" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:273.1px;">362 mboe per day in the first quarter of 2021. The production was influenced by the factors mentioned<div style="display:inline-block;width:1.7px">&#160;</div>above in addition to lower </div><div id="a4046" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:288.4px;">entitlements due to US royalties which has been impacted by a divestment of an unconventional US onshore<div style="display:inline-block;width:1.8px">&#160;</div>asset in the second </div><div id="a4089" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:303.6px;">quarter of 2021. 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style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:533.4px;top:374.6px;">Q1 2022 </div><div id="a4171" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:587.3px;top:374.6px;">Q4 2021 </div><div id="a4173" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:641.4px;top:374.6px;">Q1 2021 </div><div id="a4175" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:689.7px;top:374.6px;">Q1 on Q1 </div><div id="a4182" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:428.3px;">Total revenues and other income </div><div id="a4184" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:538.5px;top:428.3px;">1,269 </div><div id="a4186" style="position:absolute;font-family:&apos;Arial&apos;;left:592.4px;top:428.3px;">1,302 </div><div id="a4188" style="position:absolute;font-family:&apos;Arial&apos;;left:655.5px;top:428.3px;">993 </div><div id="a4190" style="position:absolute;font-family:&apos;Arial&apos;;left:709.9px;top:428.3px;">28% </div><div id="a4197" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:483.8px;">Operating and administrative expenses </div><div id="a4199" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:483.8px;">(220) </div><div id="a4201" style="position:absolute;font-family:&apos;Arial&apos;;left:598.2px;top:483.8px;">(232) </div><div id="a4203" style="position:absolute;font-family:&apos;Arial&apos;;left:652.3px;top:483.8px;">(335) </div><div id="a4205" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:483.8px;">(34%) </div><div id="a4207" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:511.3px;">Depreciation, amortisation and net impairment losses </div><div id="a4209" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.5px;top:511.3px;">212 </div><div id="a4211" style="position:absolute;font-family:&apos;Arial&apos;;left:598.2px;top:511.3px;">(486) </div><div id="a4213" style="position:absolute;font-family:&apos;Arial&apos;;left:652.3px;top:511.3px;">(436) </div><div id="a4215" style="position:absolute;font-family:&apos;Arial&apos;;left:713.4px;top:511.3px;">N/A </div><div id="a4217" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:528.1px;">Exploration expenses </div><div id="a4220" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:550.2px;top:528.1px;">(16) </div><div id="a4222" style="position:absolute;font-family:&apos;Arial&apos;;left:604.1px;top:528.1px;">(34) </div><div id="a4224" style="position:absolute;font-family:&apos;Arial&apos;;left:658.2px;top:528.1px;">(70) </div><div id="a4226" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:528.1px;">(77%) </div><div id="a4233" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:572.9px;">Net operating income/(loss) </div><div id="a4235" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:538.5px;top:572.9px;">1,245 </div><div id="a4237" style="position:absolute;font-family:&apos;Arial&apos;;left:601.4px;top:572.9px;">550 </div><div id="a4239" style="position:absolute;font-family:&apos;Arial&apos;;left:655.5px;top:572.9px;">152 </div><div id="a4241" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:572.9px;">&gt;100% </div><div id="a4244" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:618.1px;">Net operating income </div><div id="a4245" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:179.7px;top:618.1px;">was USD 1,245 million in the first quarter of 2022 compared to USD<div style="display:inline-block;width:1.8px">&#160;</div>152 million in the first quarter of 2021. </div><div id="a4262" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:633.3px;">The increase was mainly due to higher commodity prices and reversal of impairments.<div style="display:inline-block;width:8.4px">&#160;</div></div><div id="a4295" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:664px;">In the first quarter of 2022, net operating income was positively impacted by net impairment reversal<div style="display:inline-block;width:1.8px">&#160;</div>of USD 532 million relating to </div><div id="a4324" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:679.4px;">assets in the Gulf of Mexico, mainly driven by higher short-term price assumptions. 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<div id="a4622" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>12 </div><div id="a4627" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:95.4px;">Adjusted earnings </div><div id="a4629" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:579.5px;top:95.4px;">Quarters </div><div id="a4631" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:696.9px;top:95.4px;">Change </div><div id="a4633" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:121.1px;">(in USD million) </div><div id="a4635" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:533.4px;top:121.1px;">Q1 2022 </div><div id="a4637" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:587.3px;top:121.1px;">Q4 2021 </div><div id="a4639" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:641.4px;top:121.1px;">Q1 2021 </div><div id="a4641" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:689.7px;top:121.1px;">Q1 on Q1 </div><div id="a4648" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:174.9px;">Adjusted total revenues and other income </div><div id="a4650" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:538.5px;top:174.9px;">1,269 </div><div id="a4652" style="position:absolute;font-family:&apos;Arial&apos;;left:592.4px;top:174.9px;">1,302 </div><div id="a4654" style="position:absolute;font-family:&apos;Arial&apos;;left:655.5px;top:174.9px;">993 </div><div id="a4656" 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<div id="a4786" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>13 </div><div id="a4791" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:60.5px;top:96.2px;">MARKETING, MIDSTREAM &amp; PROCESSING </div><div id="a4794" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:162.9px;">First quarter 2022 review </div><div id="a4798" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:196.9px;">Natural gas sales volumes </div><div id="a4799" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:206.1px;top:196.9px;">amounted to 16.5 billion standard cubic meters (bcm) in the first quarter of 2022,<div style="display:inline-block;width:1.8px">&#160;</div>up 0.9 bcm compared </div><div id="a4806" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:212.3px;">to the first quarter of 2021. Of the total gas sales in the first quarter of 2022, entitlement gas<div style="display:inline-block;width:1.7px">&#160;</div>was 14.1 bcm, up 0.5 bcm from the first </div><div id="a4814" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:227.6px;">quarter of 2021. 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style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:349.7px;">period mainly due to increased market price driven by colder weather that impacted both supply and<div style="display:inline-block;width:1.8px">&#160;</div>demand. </div><div id="a4904" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:382.6px;">Income statement under IFRS </div><div id="a4906" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:577.9px;top:382.6px;">Quarters </div><div id="a4908" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:694.1px;top:382.6px;">Change </div><div id="a4910" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:408.2px;">(in USD million) </div><div id="a4912" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:530.3px;top:408.2px;">Q1 2022 </div><div id="a4914" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:584.4px;top:408.2px;">Q4 2021 </div><div id="a4916" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:638.4px;top:408.2px;">Q1 2021 </div><div id="a4918" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:686.9px;top:408.2px;">Q1 on Q1 </div><div id="a4925" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:461.9px;">Total revenues and other income </div><div id="a4928" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:529.5px;top:461.9px;">35,909 </div><div id="a4930" style="position:absolute;font-family:&apos;Arial&apos;;left:583.6px;top:461.9px;">31,811 </div><div id="a4932" style="position:absolute;font-family:&apos;Arial&apos;;left:637.6px;top:461.9px;">15,789 </div><div id="a4934" style="position:absolute;font-family:&apos;Arial&apos;;left:694.7px;top:461.9px;">&gt;100% </div><div id="a4941" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:517.4px;">Purchases [net of inventory variation] [6]<div style="display:inline-block;width:1.8px">&#160;</div></div><div id="a4943" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:526.5px;top:517.4px;">(34,289) </div><div id="a4945" style="position:absolute;font-family:&apos;Arial&apos;;left:580.6px;top:517.4px;">(30,959) </div><div id="a4947" style="position:absolute;font-family:&apos;Arial&apos;;left:634.5px;top:517.4px;">(14,176) </div><div id="a4949" style="position:absolute;font-family:&apos;Arial&apos;;left:694.9px;top:517.4px;">&gt;100% </div><div id="a4951" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:544.9px;">Operating and administrative expenses </div><div id="a4953" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:532.4px;top:544.9px;">(1,059) </div><div id="a4955" style="position:absolute;font-family:&apos;Arial&apos;;left:586.5px;top:544.9px;">(1,106) </div><div id="a4957" style="position:absolute;font-family:&apos;Arial&apos;;left:640.5px;top:544.9px;">(1,069) </div><div id="a4959" style="position:absolute;font-family:&apos;Arial&apos;;left:705.7px;top:544.9px;">(1%) </div><div id="a4961" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:572.3px;">Depreciation, amortisation and net impairment losses </div><div id="a4964" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.1px;top:572.3px;">(78) </div><div id="a4966" style="position:absolute;font-family:&apos;Arial&apos;;left:601.2px;top:572.3px;">(74) </div><div id="a4968" style="position:absolute;font-family:&apos;Arial&apos;;left:649.3px;top:572.3px;">(152) </div><div id="a4970" style="position:absolute;font-family:&apos;Arial&apos;;left:699.8px;top:572.3px;">(48%) </div><div id="a4977" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:628px;">Net operating income/(loss) </div><div id="a4979" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:628px;">483 </div><div id="a4981" style="position:absolute;font-family:&apos;Arial&apos;;left:595.3px;top:628px;">(327) </div><div id="a4983" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:628px;">392 </div><div id="a4985" style="position:absolute;font-family:&apos;Arial&apos;;left:707px;top:628px;">23% </div><div id="a4988" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:675.5px;">Net operating income</div><div id="a4989" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:176.5px;top:675.5px;"><div style="display:inline-block;width:3.2px">&#160;</div>was USD 483 million in the first quarter of 2022 compared to USD 392 million in the<div style="display:inline-block;width:1.9px">&#160;</div>first quarter of 2021. The </div><div id="a5005" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:690.9px;">increase was mainly due to strong results from Danske Commodities and from US gas<div style="display:inline-block;width:1.9px">&#160;</div>trading, partially offset by weak results from </div><div id="a5048" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:706.3px;">LNG trading. </div><div id="a5056" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:736.8px;">In the first quarter of 2022, net operating income was positively impacted by inventory hedging effects of USD 247 million<div style="display:inline-block;width:1.8px">&#160;</div>and </div><div id="a5098" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:752.2px;">operational storage of USD 181 million due to increase<div style="display:inline-block;width:2.3px">&#160;</div>in market prices, partially offset by unrealised derivatives loss of USD 45 </div><div id="a5141" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:767.5px;">million. In the first quarter of 2021, net operating income was positively impacted by inventory hedging<div style="display:inline-block;width:1.7px">&#160;</div>effects of USD 287 million and </div><div id="a5179" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:782.9px;">operational storage of USD 105 million, partially offset by impairment losses of USD 57 million related to<div style="display:inline-block;width:1.8px">&#160;</div>infastructure assets.</div><div id="a5218" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:813.5px;">Adjusted purchases [6] increased mainly due to higher prices for both gas and liquids in<div style="display:inline-block;width:1.9px">&#160;</div>addition to higher gas volumes. Adjusted </div><div id="a5260" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:828.8px;">operating and administrative expenses were higher in the first quarter of 2022 compared to the<div style="display:inline-block;width:1.8px">&#160;</div>first quarter of 2021, mainly due to </div><div id="a5304" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:844.2px;">higher operating plant and selling, general and administration cost. 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<div id="a5456" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>14 </div><div id="a5461" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:95.4px;">Adjusted earnings </div><div id="a5463" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:579.5px;top:95.4px;">Quarters </div><div id="a5465" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:696.9px;top:95.4px;">Change </div><div id="a5467" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:121.1px;">(in USD million) </div><div id="a5469" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:533.4px;top:121.1px;">Q1 2022 </div><div id="a5471" 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style="position:absolute;font-family:&apos;Arial&apos;;left:589.4px;top:257.8px;">(1,139) </div><div id="a5514" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:257.8px;">(1,081) </div><div id="a5516" style="position:absolute;font-family:&apos;Arial&apos;;left:715.8px;top:257.8px;">5% </div><div id="a5518" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:285.3px;">Adjusted depreciation, amortisation and net impairment<div style="display:inline-block;width:1.6px">&#160;</div>losses </div><div id="a5520" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:550.2px;top:285.3px;">(78) </div><div id="a5522" style="position:absolute;font-family:&apos;Arial&apos;;left:604.1px;top:285.3px;">(82) </div><div id="a5524" style="position:absolute;font-family:&apos;Arial&apos;;left:658.2px;top:285.3px;">(95) </div><div id="a5526" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:285.3px;">(17%) </div><div 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<div id="a5622" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>15 </div><div id="a5627" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:60.5px;top:96.2px;">RENEWABLES </div><div id="a5630" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:140.5px;">First quarter 2022 review </div><div id="a5633" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:172.3px;">Power generation</div><div id="a5635" style="position:absolute;font-family:&apos;Arial&apos;;font-size:7.36px;left:155.5px;top:172px;">3</div><div id="a5637" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:162.9px;top:172.3px;">was 511 GWh in the first quarter of 2022, compared to 451 GWh in the first quarter of 2021. The increase was </div><div id="a5659" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:187.6px;">mainly due to start-up of production from the Guanizuil IIA solar plant in Argentina and offshore wind farms benefitting from higher </div><div id="a5667" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:203px;">wind speeds.</div><div id="a5670" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:235.8px;">Income statement under IFRS </div><div id="a5672" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:579.5px;top:235.8px;">Quarters </div><div id="a5674" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:696.9px;top:235.8px;">Change </div><div id="a5676" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:261.4px;">(in USD million) </div><div id="a5678" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:533.4px;top:261.4px;">Q1 2022 </div><div id="a5680" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:587.3px;top:261.4px;">Q4 2021 </div><div id="a5682" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:641.4px;top:261.4px;">Q1 2021 </div><div id="a5684" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:689.7px;top:261.4px;">Q1 on Q1 </div><div id="a5691" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:315.1px;">Total revenues and other income </div><div id="a5693" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.5px;top:315.1px;">119 </div><div id="a5695" style="position:absolute;font-family:&apos;Arial&apos;;left:607.3px;top:315.1px;">21 </div><div id="a5697" style="position:absolute;font-family:&apos;Arial&apos;;left:646.5px;top:315.1px;">1,381 </div><div id="a5699" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:315.1px;">(91%) </div><div id="a5706" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:370.8px;">Operating and administrative expenses </div><div id="a5708" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:550.2px;top:370.8px;">(41) </div><div id="a5710" style="position:absolute;font-family:&apos;Arial&apos;;left:604.1px;top:370.8px;">(58) </div><div id="a5712" style="position:absolute;font-family:&apos;Arial&apos;;left:658.2px;top:370.8px;">(40) </div><div id="a5714" style="position:absolute;font-family:&apos;Arial&apos;;left:715.8px;top:370.8px;">2% </div><div id="a5716" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:398.2px;">Depreciation, amortisation and net impairment losses </div><div id="a5718" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:556.3px;top:398.2px;">(1) </div><div id="a5720" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:398.2px;">(1) </div><div id="a5722" style="position:absolute;font-family:&apos;Arial&apos;;left:664.3px;top:398.2px;">(0) </div><div id="a5724" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:398.2px;">&gt;100% </div><div id="a5731" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:453.7px;">Net operating income/(loss) </div><div id="a5733" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:553.4px;top:453.7px;">77 </div><div id="a5735" style="position:absolute;font-family:&apos;Arial&apos;;left:604.1px;top:453.7px;">(38) </div><div id="a5737" style="position:absolute;font-family:&apos;Arial&apos;;left:646.5px;top:453.7px;">1,341 </div><div id="a5739" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:453.7px;">(94%) </div><div id="a5742" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:501.4px;">Net operating income</div><div id="a5743" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:176.5px;top:501.4px;"><div style="display:inline-block;width:3.2px">&#160;</div>was USD 77 million in the first quarter of 2022 compared to USD 1,341 million in the first quarter<div style="display:inline-block;width:1.8px">&#160;</div>of 2021. The </div><div id="a5759" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:516.8px;">decrease was driven by lower gain on divestments in the first quarter of 2022 compared to<div style="display:inline-block;width:1.7px">&#160;</div>the first quarter of 2021. The decrease was </div><div id="a5768" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:532px;">partially offset by higher results from equity accounted investments driven by higher power prices for assets in operation,<div style="display:inline-block;width:1.9px">&#160;</div>and reduced </div><div id="a5777" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:547.4px;">project development costs after the Empire Wind asset started capitalising expenditures in the first quarter<div style="display:inline-block;width:1.6px">&#160;</div>of 2021.</div><div id="a5781" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:578.1px;">In the first quarter of 2022, net operating income was impacted by a gain of USD 87 million<div style="display:inline-block;width:1.8px">&#160;</div>related to the divestment of a 10% stake in </div><div id="a5783" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:593.4px;">the Dogger Bank C wind farm project. In the first quarter of 2021, net operating income was<div style="display:inline-block;width:1.8px">&#160;</div>impacted by gains of USD 1.4 billion </div><div id="a5785" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:608.8px;">related to the divestments of a 10% stake in the Dogger Bank A and B wind farm<div style="display:inline-block;width:1.8px">&#160;</div>projects and of a 50% stake in the Empire Wind and </div><div id="a5787" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:624px;">Beacon Wind assets. </div><div id="a5790" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:654.7px;">Adjusted operating and administrative expenses remain at the same level compared to the first<div style="display:inline-block;width:1.7px">&#160;</div>quarter of 2021. Increased business </div><div id="a5792" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:670.1px;">development costs driven by higher activity level in the US, the UK and in Asia were offset by lower<div style="display:inline-block;width:1.7px">&#160;</div>costs due to changed ownership </div><div id="a5794" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:685.5px;">and consolidation method for the Empire Wind and Beacon Wind assets. </div><div id="a5797" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:716px;">After total adjustments of USD 87 million to net operating income, </div><div id="a5806" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:392.1px;top:716px;">Adjusted earnings</div><div id="a5807" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:491px;top:716px;"><div style="display:inline-block;width:3.2px">&#160;</div>[5] were negative USD 10 million in the first </div><div id="a5812" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:731.4px;">quarter of 2022 compared to negative USD 38 million in the first quarter of 2021.</div><div id="a5830" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:764.2px;">Adjusted earnings </div><div id="a5832" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:579.5px;top:764.2px;">Quarters </div><div id="a5834" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:696.9px;top:764.2px;">Change </div><div id="a5836" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:789.9px;">(in USD million) </div><div id="a5838" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:533.4px;top:789.9px;">Q1 2022 </div><div id="a5840" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:587.3px;top:789.9px;">Q4 2021 </div><div id="a5842" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:641.4px;top:789.9px;">Q1 2021 </div><div id="a5844" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:689.7px;top:789.9px;">Q1 on Q1 </div><div id="a5851" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:843.7px;">Adjusted total revenues and other income </div><div id="a5854" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:553.4px;top:843.7px;">32 </div><div id="a5856" style="position:absolute;font-family:&apos;Arial&apos;;left:607.3px;top:843.7px;">21 </div><div id="a5858" 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style="display:inline-block;width:1.6px">&#160;</div>losses </div><div id="a5879" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:556.3px;top:926.7px;">(1) </div><div id="a5881" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:926.7px;">(1) </div><div id="a5883" style="position:absolute;font-family:&apos;Arial&apos;;left:664.3px;top:926.7px;">(0) </div><div id="a5885" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:926.7px;">&gt;100% </div><div id="a5892" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:982.3px;">Adjusted earnings [5] </div><div id="a5894" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:550.2px;top:982.3px;">(10) </div><div id="a5896" style="position:absolute;font-family:&apos;Arial&apos;;left:604.1px;top:982.3px;">(38) </div><div id="a5898" style="position:absolute;font-family:&apos;Arial&apos;;left:658.2px;top:982.3px;">(38) </div><div 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<div id="a5909" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>16 </div><div id="a5919" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:57.8px;top:122.8px;">For items impacting net operating income/(loss), see Use and reconciliation of non-GAAP financial measures<div style="display:inline-block;width:1.7px">&#160;</div>in the Supplementary </div><div id="a5922" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:57.8px;top:137.7px;">disclosures. </div><div id="a5925" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:198.5px;">Balance sheet information: </div><div id="a5931" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:209.3px;top:198.5px;">The sum of equity accounted investments and non-current segment assets was USD 1,249 million<div style="display:inline-block;width:1.6px">&#160;</div>at </div><div id="a5964" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:213.7px;">31 March 2022, compared to USD 1,116 million at 31 March 2021.</div></div>
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<div id="a5988" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>17 </div><div id="a5993" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:60.5px;top:100.5px;">CONDENSED INTERIM FINANCIAL STATEMENTS </div><div id="a5996" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:158.3px;">First quarter 2022 </div><div id="a6000" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:189.7px;">CONSOLIDATED STATEMENT<div style="display:inline-block;width:5.3px">&#160;</div>OF INCOME</div><div id="a6004" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:582.7px;top:218.2px;">Quarters </div><div id="a6006" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:688.5px;top:218.2px;">Full year </div><div id="a6008" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:63.2px;top:236px;">(unaudited, in USD million) </div><div id="a6010" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:505.2px;top:236px;">Note </div><div id="a6012" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:538px;top:234.4px;">Q1 2022 </div><div id="a6014" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:589.1px;top:234.4px;">Q4 2021 </div><div id="a6016" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:640px;top:234.4px;">Q1 2021 </div><div id="a6018" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:702.5px;top:234.4px;">2021* </div><div id="a6026" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:276.5px;">Revenues </div><div id="a6029" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:537.2px;top:276.5px;">36,050 </div><div id="a6031" style="position:absolute;font-family:&apos;Arial&apos;;left:588.3px;top:276.5px;">32,125 </div><div id="a6033" style="position:absolute;font-family:&apos;Arial&apos;;left:639.2px;top:276.5px;">16,129 </div><div id="a6035" style="position:absolute;font-family:&apos;Arial&apos;;left:690.2px;top:276.5px;">88,744 </div><div id="a6037" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:303.9px;">Net income/(loss) from equity accounted investments </div><div id="a6040" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:558px;top:303.9px;">99 </div><div id="a6042" style="position:absolute;font-family:&apos;Arial&apos;;left:603.1px;top:303.9px;">138 </div><div id="a6044" style="position:absolute;font-family:&apos;Arial&apos;;left:660px;top:303.9px;">30 </div><div id="a6046" style="position:absolute;font-family:&apos;Arial&apos;;left:705.1px;top:303.9px;">259 </div><div id="a6048" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:331.4px;">Other income </div><div id="a6050" style="position:absolute;font-family:&apos;Arial&apos;;left:513.1px;top:331.4px;">3 </div><div id="a6052" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:552.1px;top:331.4px;">244 </div><div id="a6054" style="position:absolute;font-family:&apos;Arial&apos;;left:603.1px;top:331.4px;">345 </div><div id="a6056" style="position:absolute;font-family:&apos;Arial&apos;;left:645.1px;top:331.4px;">1,431 </div><div id="a6058" style="position:absolute;font-family:&apos;Arial&apos;;left:696.1px;top:331.4px;">1,921 </div><div id="a6066" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:387px;">Total revenues and other income </div><div id="a6068" style="position:absolute;font-family:&apos;Arial&apos;;left:513.1px;top:387px;">2 </div><div id="a6070" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:537.2px;top:387px;">36,393 </div><div id="a6072" style="position:absolute;font-family:&apos;Arial&apos;;left:588.3px;top:387px;">32,608 </div><div id="a6074" style="position:absolute;font-family:&apos;Arial&apos;;left:639.2px;top:387px;">17,589 </div><div id="a6076" style="position:absolute;font-family:&apos;Arial&apos;;left:690.2px;top:387px;">90,924 </div><div id="a6084" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:442.5px;">Purchases [net of inventory variation] </div><div id="a6087" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:534.2px;top:442.5px;">(13,510) </div><div id="a6089" style="position:absolute;font-family:&apos;Arial&apos;;left:585.2px;top:442.5px;">(11,543) </div><div id="a6091" style="position:absolute;font-family:&apos;Arial&apos;;left:642.1px;top:442.5px;">(7,166) </div><div id="a6093" style="position:absolute;font-family:&apos;Arial&apos;;left:687.2px;top:442.5px;">(35,160) </div><div id="a6095" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:470px;">Operating expenses </div><div id="a6098" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:540.1px;top:470px;">(1,989) </div><div id="a6100" style="position:absolute;font-family:&apos;Arial&apos;;left:591.1px;top:470px;">(2,281) </div><div id="a6102" style="position:absolute;font-family:&apos;Arial&apos;;left:642.1px;top:470px;">(1,941) </div><div id="a6104" style="position:absolute;font-family:&apos;Arial&apos;;left:693.1px;top:470px;">(8,598) </div><div id="a6106" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:497.4px;">Selling, general and administrative expenses </div><div id="a6109" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:548.9px;top:497.4px;">(282) </div><div id="a6111" style="position:absolute;font-family:&apos;Arial&apos;;left:599.9px;top:497.4px;">(222) </div><div id="a6113" style="position:absolute;font-family:&apos;Arial&apos;;left:650.9px;top:497.4px;">(218) </div><div id="a6115" style="position:absolute;font-family:&apos;Arial&apos;;left:701.9px;top:497.4px;">(780) </div><div id="a6117" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:524.9px;">Depreciation, amortisation and net impairment losses </div><div id="a6119" style="position:absolute;font-family:&apos;Arial&apos;;left:513.1px;top:524.9px;">6 </div><div id="a6121" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:540.1px;top:524.9px;">(2,017) </div><div id="a6123" style="position:absolute;font-family:&apos;Arial&apos;;left:591.1px;top:524.9px;">(4,777) </div><div id="a6125" style="position:absolute;font-family:&apos;Arial&apos;;left:642.1px;top:524.9px;">(2,797) </div><div id="a6127" style="position:absolute;font-family:&apos;Arial&apos;;left:687.2px;top:524.9px;">(11,719) </div><div id="a6129" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:552.3px;">Exploration expenses </div><div id="a6132" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:548.9px;top:552.3px;">(203) </div><div id="a6134" style="position:absolute;font-family:&apos;Arial&apos;;left:599.9px;top:552.3px;">(206) </div><div id="a6136" style="position:absolute;font-family:&apos;Arial&apos;;left:650.9px;top:552.3px;">(247) </div><div id="a6138" style="position:absolute;font-family:&apos;Arial&apos;;left:693.1px;top:552.3px;">(1,004) </div><div id="a6146" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:607.8px;">Total operating expenses </div><div id="a6148" style="position:absolute;font-family:&apos;Arial&apos;;left:513.1px;top:607.8px;">2 </div><div id="a6150" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:534.2px;top:607.8px;">(18,001) </div><div id="a6152" style="position:absolute;font-family:&apos;Arial&apos;;left:585.2px;top:607.8px;">(19,030) </div><div id="a6154" style="position:absolute;font-family:&apos;Arial&apos;;left:636.1px;top:607.8px;">(12,369) </div><div id="a6156" style="position:absolute;font-family:&apos;Arial&apos;;left:687.2px;top:607.8px;">(57,261) </div><div id="a6164" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:663.3px;">Net operating income/(loss) </div><div id="a6167" style="position:absolute;font-family:&apos;Arial&apos;;left:513.1px;top:663.3px;">2 </div><div id="a6169" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:537.2px;top:663.3px;">18,392 </div><div id="a6171" style="position:absolute;font-family:&apos;Arial&apos;;left:588.3px;top:663.3px;">13,578 </div><div id="a6173" style="position:absolute;font-family:&apos;Arial&apos;;left:645.1px;top:663.3px;">5,220 </div><div id="a6175" style="position:absolute;font-family:&apos;Arial&apos;;left:690.2px;top:663.3px;">33,663 </div><div id="a6183" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:719px;">Interest expenses and other financial expenses </div><div id="a6187" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:548.9px;top:719px;">(266) </div><div id="a6189" style="position:absolute;font-family:&apos;Arial&apos;;left:599.9px;top:719px;">(299) </div><div id="a6191" style="position:absolute;font-family:&apos;Arial&apos;;left:650.9px;top:719px;">(312) </div><div id="a6193" style="position:absolute;font-family:&apos;Arial&apos;;left:693.1px;top:719px;">(1,223) </div><div id="a6195" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:746.4px;">Other financial items </div><div id="a6199" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:548.9px;top:746.4px;">(903) </div><div id="a6201" style="position:absolute;font-family:&apos;Arial&apos;;left:599.9px;top:746.4px;">(143) </div><div id="a6203" style="position:absolute;font-family:&apos;Arial&apos;;left:650.9px;top:746.4px;">(396) </div><div id="a6205" style="position:absolute;font-family:&apos;Arial&apos;;left:701.9px;top:746.4px;">(857) </div><div id="a6213" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:801.9px;">Net financial items </div><div id="a6215" style="position:absolute;font-family:&apos;Arial&apos;;left:513.1px;top:801.9px;">4 </div><div id="a6217" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:540.1px;top:801.9px;">(1,169) </div><div id="a6219" style="position:absolute;font-family:&apos;Arial&apos;;left:599.9px;top:801.9px;">(443) </div><div id="a6221" style="position:absolute;font-family:&apos;Arial&apos;;left:650.9px;top:801.9px;">(707) </div><div id="a6223" style="position:absolute;font-family:&apos;Arial&apos;;left:693.1px;top:801.9px;">(2,080) </div><div id="a6231" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:857.5px;">Income/(loss) before tax </div><div id="a6235" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:537.2px;top:857.5px;">17,223 </div><div id="a6237" style="position:absolute;font-family:&apos;Arial&apos;;left:588.3px;top:857.5px;">13,135 </div><div id="a6239" style="position:absolute;font-family:&apos;Arial&apos;;left:645.1px;top:857.5px;">4,513 </div><div id="a6241" style="position:absolute;font-family:&apos;Arial&apos;;left:690.2px;top:857.5px;">31,583 </div><div id="a6249" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:913.1px;">Income tax </div><div id="a6251" style="position:absolute;font-family:&apos;Arial&apos;;left:513.1px;top:913.1px;">5 </div><div id="a6253" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:534.2px;top:913.1px;">(12,509) </div><div id="a6255" style="position:absolute;font-family:&apos;Arial&apos;;left:591.1px;top:913.1px;">(9,765) </div><div id="a6257" style="position:absolute;font-family:&apos;Arial&apos;;left:642.1px;top:913.1px;">(2,659) </div><div id="a6259" style="position:absolute;font-family:&apos;Arial&apos;;left:687.2px;top:913.1px;">(23,007) </div><div id="a6267" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:968.7px;">Net income/(loss) </div><div id="a6270" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:543.1px;top:968.7px;">4,714 </div><div id="a6272" style="position:absolute;font-family:&apos;Arial&apos;;left:594.2px;top:968.7px;">3,370 </div><div id="a6274" style="position:absolute;font-family:&apos;Arial&apos;;left:645.1px;top:968.7px;">1,854 </div><div id="a6276" style="position:absolute;font-family:&apos;Arial&apos;;left:696.1px;top:968.7px;">8,576 </div></div>
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<div id="a6286" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>18 </div><div id="a6291" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:94.8px;">Attributable to equity holders of the company </div><div id="a6294" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:543.1px;top:94.8px;">4,710 </div><div id="a6296" style="position:absolute;font-family:&apos;Arial&apos;;left:594.2px;top:94.8px;">3,368 </div><div id="a6298" style="position:absolute;font-family:&apos;Arial&apos;;left:645.1px;top:94.8px;">1,851 </div><div id="a6300" style="position:absolute;font-family:&apos;Arial&apos;;left:696.1px;top:94.8px;">8,563 </div><div id="a6302" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:122.2px;">Attributable to non-controlling interests </div><div id="a6307" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:563.9px;top:122.2px;">4 </div><div id="a6309" style="position:absolute;font-family:&apos;Arial&apos;;left:615px;top:122.2px;">2 </div><div id="a6311" style="position:absolute;font-family:&apos;Arial&apos;;left:665.9px;top:122.2px;">3 </div><div id="a6313" style="position:absolute;font-family:&apos;Arial&apos;;left:711px;top:122.2px;">14 </div><div id="a6321" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:177px;">Basic earnings per share (in USD) </div><div id="a6324" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:549.1px;top:177px;">1.46 </div><div id="a6326" style="position:absolute;font-family:&apos;Arial&apos;;left:600.1px;top:177px;">1.04 </div><div id="a6328" style="position:absolute;font-family:&apos;Arial&apos;;left:651px;top:177px;">0.57 </div><div id="a6330" style="position:absolute;font-family:&apos;Arial&apos;;left:702.1px;top:177px;">2.64 </div><div id="a6332" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:204.5px;">Diluted earnings per share (in USD) </div><div id="a6335" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:549.1px;top:204.5px;">1.46 </div><div id="a6337" style="position:absolute;font-family:&apos;Arial&apos;;left:600.1px;top:204.5px;">1.04 </div><div id="a6339" style="position:absolute;font-family:&apos;Arial&apos;;left:651px;top:204.5px;">0.57 </div><div id="a6341" style="position:absolute;font-family:&apos;Arial&apos;;left:702.1px;top:204.5px;">2.63 </div><div id="a6343" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:231.9px;">Weighted average number of ordinary shares outstanding<div style="display:inline-block;width:1.7px">&#160;</div>(in millions) </div><div id="a6346" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:543.1px;top:231.9px;">3,228 </div><div id="a6348" style="position:absolute;font-family:&apos;Arial&apos;;left:594.2px;top:231.9px;">3,238 </div><div id="a6350" style="position:absolute;font-family:&apos;Arial&apos;;left:645.1px;top:231.9px;">3,248 </div><div id="a6352" style="position:absolute;font-family:&apos;Arial&apos;;left:696.1px;top:231.9px;">3,245 </div><div id="a6354" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:259.4px;">Weighted average number of ordinary shares outstanding<div style="display:inline-block;width:1.7px">&#160;</div>diluted (in millions) </div><div id="a6357" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:543.1px;top:259.4px;">3,237 </div><div id="a6359" style="position:absolute;font-family:&apos;Arial&apos;;left:594.2px;top:259.4px;">3,249 </div><div id="a6361" style="position:absolute;font-family:&apos;Arial&apos;;left:645.1px;top:259.4px;">3,256 </div><div id="a6363" style="position:absolute;font-family:&apos;Arial&apos;;left:696.1px;top:259.4px;">3,254 </div><div id="a6377" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:318.3px;">* Audited </div></div>
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<div id="a6389" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>19 </div><div id="a6394" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:95.8px;">CONSOLIDATED STATEMENT<div style="display:inline-block;width:5.3px">&#160;</div>OF COMPREHENSIVE INCOME</div><div id="a6397" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:585.5px;top:124.8px;">Quarters </div><div id="a6399" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:692.5px;top:124.8px;">Full year </div><div id="a6401" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:63.2px;top:150.4px;">(unaudited, in USD million) </div><div id="a6403" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:542px;top:150.5px;">Q1 2022 </div><div id="a6405" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:593.1px;top:150.5px;">Q4 2021 </div><div id="a6407" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:644px;top:150.5px;">Q1 2021 </div><div id="a6409" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:706.5px;top:150.5px;">2021* </div><div id="a6416" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:179.3px;">Net income/(loss) </div><div id="a6418" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.1px;top:179.3px;">4,714 </div><div id="a6420" style="position:absolute;font-family:&apos;Arial&apos;;left:598.2px;top:179.3px;">3,370 </div><div id="a6422" style="position:absolute;font-family:&apos;Arial&apos;;left:649.1px;top:179.3px;">1,854 </div><div id="a6424" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:179.3px;">8,576 </div><div id="a6431" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:212.9px;">Actuarial gains/(losses) on defined benefit pension<div style="display:inline-block;width:1.7px">&#160;</div>plans </div><div id="a6434" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:552.9px;top:212.9px;">(419) </div><div id="a6436" style="position:absolute;font-family:&apos;Arial&apos;;left:603.9px;top:212.9px;">(114) </div><div id="a6438" style="position:absolute;font-family:&apos;Arial&apos;;left:658.1px;top:212.9px;">117 </div><div id="a6440" style="position:absolute;font-family:&apos;Arial&apos;;left:709.1px;top:212.9px;">147 </div><div id="a6442" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:229.7px;">Income tax effect on income and expenses recognised<div style="display:inline-block;width:1.5px">&#160;</div>in OCI</div><div id="a6443" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:354.5px;top:229.4px;">1) </div><div id="a6445" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:562px;top:229.7px;">93 </div><div id="a6447" style="position:absolute;font-family:&apos;Arial&apos;;left:613.1px;top:229.7px;">26 </div><div id="a6449" style="position:absolute;font-family:&apos;Arial&apos;;left:660.8px;top:229.7px;">(25) </div><div id="a6451" style="position:absolute;font-family:&apos;Arial&apos;;left:711.8px;top:229.7px;">(35) </div><div id="a6453" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:250.9px;">Items that will not be reclassified to the Consolidated<div style="display:inline-block;width:1.4px">&#160;</div>statement of income </div><div id="a6455" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:552.9px;top:250.9px;">(326) </div><div id="a6457" style="position:absolute;font-family:&apos;Arial&apos;;left:609.9px;top:250.9px;">(88) </div><div id="a6459" style="position:absolute;font-family:&apos;Arial&apos;;left:664px;top:250.9px;">91 </div><div id="a6461" style="position:absolute;font-family:&apos;Arial&apos;;left:709.1px;top:250.9px;">111 </div><div id="a6468" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:305.8px;">Foreign currency translation effects </div><div id="a6471" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:556.1px;top:305.8px;">173 </div><div id="a6473" style="position:absolute;font-family:&apos;Arial&apos;;left:603.9px;top:305.8px;">(374) </div><div id="a6475" style="position:absolute;font-family:&apos;Arial&apos;;left:660.8px;top:305.8px;">(46) </div><div id="a6477" style="position:absolute;font-family:&apos;Arial&apos;;left:697.1px;top:305.8px;">(1,052) </div><div id="a6479" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:328.7px;">Items that may be subsequently reclassified to<div style="display:inline-block;width:1.6px">&#160;</div>the Consolidated statement of income </div><div id="a6481" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:556.1px;top:328.7px;">173 </div><div id="a6483" style="position:absolute;font-family:&apos;Arial&apos;;left:603.9px;top:328.7px;">(374) </div><div id="a6485" style="position:absolute;font-family:&apos;Arial&apos;;left:660.8px;top:328.7px;">(46) </div><div id="a6487" style="position:absolute;font-family:&apos;Arial&apos;;left:697.1px;top:328.7px;">(1,052) </div><div id="a6494" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:372.9px;">Other comprehensive income/(loss) </div><div id="a6496" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:552.9px;top:372.9px;">(153) </div><div id="a6498" style="position:absolute;font-family:&apos;Arial&apos;;left:603.9px;top:372.9px;">(462) </div><div id="a6500" style="position:absolute;font-family:&apos;Arial&apos;;left:664px;top:372.9px;">45 </div><div id="a6502" style="position:absolute;font-family:&apos;Arial&apos;;left:705.9px;top:372.9px;">(940) </div><div id="a6509" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:406.5px;">Total comprehensive income/(loss) </div><div id="a6512" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.1px;top:406.5px;">4,561 </div><div id="a6514" style="position:absolute;font-family:&apos;Arial&apos;;left:598.2px;top:406.5px;">2,908 </div><div id="a6516" style="position:absolute;font-family:&apos;Arial&apos;;left:649.1px;top:406.5px;">1,899 </div><div id="a6518" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:406.5px;">7,636 </div><div id="a6525" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:440.1px;">Attributable to the equity holders of the company </div><div id="a6527" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.1px;top:440.1px;">4,557 </div><div id="a6529" style="position:absolute;font-family:&apos;Arial&apos;;left:598.2px;top:440.1px;">2,906 </div><div id="a6531" style="position:absolute;font-family:&apos;Arial&apos;;left:649.1px;top:440.1px;">1,896 </div><div id="a6533" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:440.1px;">7,622 </div><div id="a6535" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:456.9px;">Attributable to non-controlling interests </div><div id="a6539" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:567.9px;top:456.9px;">4 </div><div id="a6541" style="position:absolute;font-family:&apos;Arial&apos;;left:619px;top:456.9px;">2 </div><div id="a6543" style="position:absolute;font-family:&apos;Arial&apos;;left:669.9px;top:456.9px;">3 </div><div id="a6545" style="position:absolute;font-family:&apos;Arial&apos;;left:715px;top:456.9px;">14 </div><div id="a6557" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:506.5px;">* Audited </div><div id="a6563" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:523.3px;">1) Other comprehensive income (OCI). </div></div>
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<div id="a6571" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>20 </div><div id="a6576" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:94.7px;">CONSOLIDATED BALANCE SHEET</div><div id="a6580" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:492.1px;top:123.2px;">At 31 March </div><div id="a6582" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:570.3px;top:123.2px;">At 31 December </div><div id="a6584" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:676.1px;top:123.2px;">At 31 March </div><div id="a6586" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:63.2px;top:137.2px;">(unaudited, in USD million) </div><div id="a6588" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:434.9px;top:137.2px;">Note </div><div id="a6590" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:524.1px;top:137.2px;">2022 </div><div id="a6592" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:616.6px;top:137.2px;">2021* </div><div id="a6594" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:708.1px;top:137.2px;">2021 </div><div id="a6601" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:177.3px;">ASSETS </div><div id="a6607" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:204.9px;">Property, plant and equipment </div><div id="a6609" style="position:absolute;font-family:&apos;Arial&apos;;left:449.9px;top:204.9px;">6 </div><div id="a6611" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:204.9px;">62,475 </div><div id="a6613" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:204.9px;">62,075 </div><div id="a6615" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:204.9px;">65,405 </div><div id="a6617" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:232.2px;">Intangible assets </div><div id="a6619" style="position:absolute;font-family:&apos;Arial&apos;;left:449.9px;top:232.2px;">6 </div><div id="a6621" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:232.2px;">5,725 </div><div id="a6623" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:232.2px;">6,452 </div><div id="a6625" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:232.2px;">8,151 </div><div id="a6627" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:259.7px;">Equity accounted investments </div><div id="a6630" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:259.7px;">1,710 </div><div id="a6632" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:259.7px;">2,686 </div><div id="a6634" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:259.7px;">2,374 </div><div id="a6636" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:287.1px;">Deferred tax assets </div><div id="a6639" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:287.1px;">7,097 </div><div id="a6641" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:287.1px;">6,259 </div><div id="a6643" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:287.1px;">4,880 </div><div id="a6645" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:314.6px;">Pension assets </div><div id="a6648" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:314.6px;">1,218 </div><div id="a6650" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:314.6px;">1,449 </div><div id="a6652" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:314.6px;">1,437 </div><div id="a6654" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:342px;">Derivative financial instruments </div><div id="a6657" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:523.1px;top:342px;">728 </div><div id="a6659" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:342px;">1,265 </div><div id="a6661" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:342px;">1,573 </div><div id="a6663" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:369.5px;">Financial investments </div><div id="a6667" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:369.5px;">3,300 </div><div id="a6669" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:369.5px;">3,346 </div><div id="a6671" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:369.5px;">3,922 </div><div id="a6673" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:396.9px;">Prepayments and financial receivables </div><div id="a6675" style="position:absolute;font-family:&apos;Arial&apos;;left:449.9px;top:396.9px;">7 </div><div id="a6677" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:396.9px;">1,089 </div><div id="a6679" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:396.9px;">1,087 </div><div id="a6681" style="position:absolute;font-family:&apos;Arial&apos;;left:707.2px;top:396.9px;">774 </div><div id="a6683" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:425.1px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a6689" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:452.4px;">Total non-current assets </div><div id="a6694" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:452.4px;">83,342 </div><div id="a6696" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:452.4px;">84,618 </div><div id="a6698" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:452.4px;">88,516 </div><div id="a6700" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:480.6px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a6706" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:507.9px;">Inventories </div><div id="a6709" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:507.9px;">3,504 </div><div id="a6711" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:507.9px;">3,395 </div><div id="a6713" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:507.9px;">2,917 </div><div id="a6715" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:535.5px;">Trade and other receivables </div><div id="a6718" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:535.5px;">19,938 </div><div id="a6720" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:535.5px;">17,927 </div><div id="a6722" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:535.5px;">8,692 </div><div id="a6724" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:562.8px;">Derivative financial instruments </div><div id="a6728" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:562.8px;">6,776 </div><div id="a6730" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:562.8px;">5,131 </div><div id="a6732" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:562.8px;">1,096 </div><div id="a6734" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:590.3px;">Financial investments </div><div id="a6737" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:590.3px;">23,689 </div><div id="a6739" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:590.3px;">21,246 </div><div id="a6741" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:590.3px;">10,922 </div><div id="a6743" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:617.7px;">Cash and cash equivalents </div><div id="a6746" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:617.7px;">20,882 </div><div id="a6748" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:617.7px;">14,126 </div><div id="a6750" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:617.7px;">8,992 </div><div id="a6752" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:645.9px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a6758" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:673.3px;">Total current assets </div><div id="a6761" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:673.3px;">74,790 </div><div id="a6763" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:673.3px;">61,826 </div><div id="a6765" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:673.3px;">32,619 </div><div id="a6767" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:701.4px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a6773" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:728.9px;">Assets classified as held for sale </div><div id="a6775" style="position:absolute;font-family:&apos;Arial&apos;;left:449.9px;top:728.9px;">3 </div><div id="a6777" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:523.1px;top:728.9px;">788 </div><div id="a6779" style="position:absolute;font-family:&apos;Arial&apos;;left:619.2px;top:728.9px;">676 </div><div id="a6781" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:728.9px;">1,100 </div><div id="a6783" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:756.9px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a6789" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:784.5px;">Total assets </div><div id="a6792" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:502.3px;top:784.5px;">158,919 </div><div id="a6794" style="position:absolute;font-family:&apos;Arial&apos;;left:598.3px;top:784.5px;">147,120 </div><div id="a6796" style="position:absolute;font-family:&apos;Arial&apos;;left:686.4px;top:784.5px;">122,235 </div><div id="a6798" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:812.5px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a6804" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:840px;">EQUITY AND LIABILITIES </div><div id="a6810" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:867.4px;">Shareholders' equity </div><div id="a6813" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:867.4px;">43,233 </div><div id="a6815" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:867.4px;">39,010 </div><div id="a6817" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:867.4px;">35,764 </div><div id="a6819" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:894.9px;">Non-controlling interests </div><div id="a6824" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:529.1px;top:894.9px;">19 </div><div id="a6826" style="position:absolute;font-family:&apos;Arial&apos;;left:625.1px;top:894.9px;">14 </div><div id="a6828" style="position:absolute;font-family:&apos;Arial&apos;;left:713.1px;top:894.9px;">18 </div><div id="a6830" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:923.1px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a6836" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:950.4px;">Total equity </div><div id="a6839" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:950.4px;">43,251 </div><div id="a6841" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:950.4px;">39,024 </div><div id="a6843" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:950.4px;">35,782 </div><div id="a6845" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:978.6px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a6851" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:1005.9px;">Finance debt </div><div id="a6853" style="position:absolute;font-family:&apos;Arial&apos;;left:449.9px;top:1005.9px;">4 </div><div id="a6855" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:1005.9px;">24,984 </div><div id="a6857" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:1005.9px;">27,404 </div><div id="a6859" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:1005.9px;">27,991 </div></div>
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<div id="a6863" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>21 </div><div id="a6868" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:94.8px;">Lease liabilities </div><div id="a6872" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:94.8px;">2,509 </div><div id="a6874" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:94.8px;">2,449 </div><div id="a6876" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:94.8px;">3,006 </div><div id="a6878" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:122.2px;">Deferred tax liabilities </div><div id="a6881" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:122.2px;">14,421 </div><div id="a6883" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:122.2px;">14,037 </div><div id="a6885" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:122.2px;">11,440 </div><div id="a6887" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:149.7px;">Pension liabilities </div><div id="a6890" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:149.7px;">4,586 </div><div id="a6892" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:149.7px;">4,403 </div><div id="a6894" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:149.7px;">4,363 </div><div id="a6896" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:177px;">Provisions and other liabilities </div><div id="a6898" style="position:absolute;font-family:&apos;Arial&apos;;left:449.9px;top:177px;">7 </div><div id="a6900" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:177px;">18,414 </div><div id="a6902" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:177px;">19,899 </div><div id="a6904" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:177px;">20,061 </div><div id="a6906" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:204.5px;">Derivative financial instruments </div><div id="a6909" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:204.5px;">1,093 </div><div id="a6911" style="position:absolute;font-family:&apos;Arial&apos;;left:619.2px;top:204.5px;">767 </div><div id="a6913" style="position:absolute;font-family:&apos;Arial&apos;;left:707.2px;top:204.5px;">550 </div><div id="a6915" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:232.5px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a6921" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:260.1px;">Total non-current liabilities </div><div id="a6927" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:260.1px;">66,007 </div><div id="a6929" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:260.1px;">68,959 </div><div id="a6931" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:260.1px;">67,411 </div><div id="a6933" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:288.2px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a6939" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:315.6px;">Trade, other payables and provisions </div><div id="a6942" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:315.6px;">14,372 </div><div id="a6944" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:315.6px;">14,310 </div><div id="a6946" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:315.6px;">10,592 </div><div id="a6948" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:343.1px;">Current tax payable </div><div id="a6950" style="position:absolute;font-family:&apos;Arial&apos;;left:449.9px;top:343.1px;">5 </div><div id="a6952" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:343.1px;">21,955 </div><div id="a6954" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:343.1px;">13,119 </div><div id="a6956" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:343.1px;">3,249 </div><div id="a6958" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:370.5px;">Finance debt </div><div id="a6960" style="position:absolute;font-family:&apos;Arial&apos;;left:449.9px;top:370.5px;">4 </div><div id="a6962" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:370.5px;">5,481 </div><div id="a6964" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:370.5px;">5,273 </div><div id="a6966" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:370.5px;">2,784 </div><div id="a6968" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:398px;">Lease liabilities </div><div id="a6971" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:398px;">1,168 </div><div id="a6973" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:398px;">1,113 </div><div id="a6975" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:398px;">1,131 </div><div id="a6977" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:425.4px;">Dividends payable </div><div id="a6980" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535px;top:425.4px;">0 </div><div id="a6982" style="position:absolute;font-family:&apos;Arial&apos;;left:619.2px;top:425.4px;">582 </div><div id="a6984" style="position:absolute;font-family:&apos;Arial&apos;;left:719px;top:425.4px;">0 </div><div id="a6986" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:452.9px;">Derivative financial instruments </div><div id="a6989" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:514.2px;top:452.9px;">6,236 </div><div id="a6991" style="position:absolute;font-family:&apos;Arial&apos;;left:610.2px;top:452.9px;">4,609 </div><div id="a6993" style="position:absolute;font-family:&apos;Arial&apos;;left:698.2px;top:452.9px;">1,014 </div><div id="a6995" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:480.9px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a7001" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:508.4px;">Total current liabilities </div><div id="a7004" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:508.3px;top:508.4px;">49,212 </div><div id="a7006" style="position:absolute;font-family:&apos;Arial&apos;;left:604.3px;top:508.4px;">39,005 </div><div id="a7008" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:508.4px;">18,770 </div><div id="a7010" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:536.4px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a7016" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:563.9px;">Liabilities directly associated with the assets classified<div style="display:inline-block;width:1.6px">&#160;</div>as held for sale<div style="display:inline-block;width:5.3px">&#160;</div></div><div id="a7018" style="position:absolute;font-family:&apos;Arial&apos;;left:449.9px;top:563.9px;">3 </div><div id="a7020" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:523.1px;top:563.9px;">450 </div><div id="a7022" style="position:absolute;font-family:&apos;Arial&apos;;left:619.2px;top:563.9px;">132 </div><div id="a7024" style="position:absolute;font-family:&apos;Arial&apos;;left:707.2px;top:563.9px;">271 </div><div id="a7026" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:592.1px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a7032" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:619.5px;">Total liabilities </div><div id="a7035" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:502.3px;top:619.5px;">115,668 </div><div id="a7037" style="position:absolute;font-family:&apos;Arial&apos;;left:598.3px;top:619.5px;">108,096 </div><div id="a7039" style="position:absolute;font-family:&apos;Arial&apos;;left:692.3px;top:619.5px;">86,453 </div><div id="a7041" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:647.7px;"><div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a7047" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:675px;">Total equity and liabilities </div><div id="a7050" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:502.3px;top:675px;">158,919 </div><div id="a7052" style="position:absolute;font-family:&apos;Arial&apos;;left:598.3px;top:675px;">147,120 </div><div id="a7054" style="position:absolute;font-family:&apos;Arial&apos;;left:686.4px;top:675px;">122,235 </div><div id="a7061" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:730.5px;">* Audited </div></div>
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<div id="a7066" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>22 </div><div id="a7071" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:95.8px;">CONSOLIDATED STATEMENT<div style="display:inline-block;width:5.3px">&#160;</div>OF CHANGES IN EQUITY</div><div id="a7074" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:161.9px;">(unaudited, in USD million) </div><div id="a7076" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:312.4px;top:149.6px;">Share </div><div id="a7077" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:308.5px;top:161.9px;">capital </div><div id="a7079" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:357.8px;top:137.1px;">Additional </div><div id="a7080" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:372.9px;top:149.6px;">paid-in </div><div id="a7083" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:373.7px;top:161.9px;">capital </div><div id="a7085" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:428.9px;top:149.6px;">Retained </div><div id="a7086" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:429.3px;top:161.9px;">earnings </div><div id="a7088" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:499.1px;top:124.8px;">Foreign </div><div id="a7089" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:493.9px;top:137.1px;">currency </div><div id="a7090" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:485.7px;top:149.6px;">translation </div><div id="a7091" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:499.9px;top:161.9px;">reserve </div><div id="a7093" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:569.1px;top:137.1px;">Share-</div><div id="a7095" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:562.3px;top:149.6px;">holders' </div><div id="a7096" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:570.7px;top:161.9px;">equity </div><div id="a7098" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:642.1px;top:137.1px;">Non-</div><div id="a7100" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:615.2px;top:149.6px;">controlling </div><div id="a7101" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:624.5px;top:161.9px;">interests </div><div id="a7103" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:676px;top:161.9px;">Total equity </div><div id="a7113" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:215.6px;">At 1 January 2021* </div><div id="a7115" style="position:absolute;font-family:&apos;Arial&apos;;left:307.4px;top:215.6px;">1,164 </div><div id="a7117" style="position:absolute;font-family:&apos;Arial&apos;;left:372.5px;top:215.6px;">6,852 </div><div id="a7119" style="position:absolute;font-family:&apos;Arial&apos;;left:431.6px;top:215.6px;">30,050 </div><div id="a7121" style="position:absolute;font-family:&apos;Arial&apos;;left:499.5px;top:215.6px;">(4,194) </div><div id="a7123" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:561.5px;top:215.6px;">33,873 </div><div id="a7125" style="position:absolute;font-family:&apos;Arial&apos;;left:647.5px;top:215.6px;">19 </div><div id="a7127" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:691.7px;top:215.6px;">33,892 </div><div id="a7129" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:242.9px;">Net income/(loss) </div><div id="a7133" style="position:absolute;font-family:&apos;Arial&apos;;left:437.5px;top:242.9px;">1,851 </div><div id="a7136" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:567.5px;top:242.9px;">1,851 </div><div id="a7138" style="position:absolute;font-family:&apos;Arial&apos;;left:653.4px;top:242.9px;">3 </div><div id="a7140" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:697.6px;top:242.9px;">1,854 </div><div id="a7142" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:270.5px;">Other comprehensive income/(loss) </div><div id="a7146" style="position:absolute;font-family:&apos;Arial&apos;;left:452.4px;top:270.5px;">91 </div><div id="a7148" style="position:absolute;font-family:&apos;Arial&apos;;left:514.2px;top:270.5px;">(46) </div><div id="a7150" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:582.3px;top:270.5px;">45 </div><div id="a7153" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:712.5px;top:270.5px;">45 </div><div id="a7155" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:298.6px;">Total comprehensive income/(loss) </div><div id="a7164" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:697.6px;top:298.6px;">1,899 </div><div id="a7166" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:326.6px;">Dividends </div><div id="a7170" style="position:absolute;font-family:&apos;Arial&apos;;left:455.3px;top:326.6px;">(0) </div><div id="a7173" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:585.2px;top:326.6px;">(0) </div><div id="a7176" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:715.3px;top:326.6px;">(0) </div><div id="a7178" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:354.1px;">Share buy-back </div><div id="a7182" style="position:absolute;font-family:&apos;Arial&apos;;left:328.2px;top:354.1px;">0 </div><div id="a7184" style="position:absolute;font-family:&apos;Arial&apos;;left:393.3px;top:354.1px;">0 </div><div id="a7188" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:588.3px;top:354.1px;">0 </div><div id="a7191" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:718.4px;top:354.1px;">0 </div><div id="a7193" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:386.8px;">Other equity transactions </div><div id="a7196" style="position:absolute;font-family:&apos;Arial&apos;;left:390.3px;top:386.8px;">(4) </div><div id="a7198" style="position:absolute;font-family:&apos;Arial&apos;;left:458.3px;top:386.8px;">0 </div><div id="a7201" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:585.2px;top:386.8px;">(4) </div><div id="a7203" style="position:absolute;font-family:&apos;Arial&apos;;left:650.4px;top:386.8px;">(4) </div><div id="a7205" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:715.3px;top:386.8px;">(8) </div><div id="a7215" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:442.3px;">At 31 March 2021<div style="display:inline-block;width:2.4px">&#160;</div></div><div id="a7217" style="position:absolute;font-family:&apos;Arial&apos;;left:307.4px;top:442.3px;">1,164 </div><div id="a7219" style="position:absolute;font-family:&apos;Arial&apos;;left:372.5px;top:442.3px;">6,848 </div><div id="a7221" style="position:absolute;font-family:&apos;Arial&apos;;left:431.6px;top:442.3px;">31,992 </div><div id="a7223" style="position:absolute;font-family:&apos;Arial&apos;;left:499.5px;top:442.3px;">(4,240) </div><div id="a7225" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:561.5px;top:442.3px;">35,764 </div><div id="a7227" style="position:absolute;font-family:&apos;Arial&apos;;left:647.5px;top:442.3px;">18 </div><div id="a7229" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:691.7px;top:442.3px;">35,782 </div><div id="a7239" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:498px;">At 1 January 2022* </div><div id="a7241" style="position:absolute;font-family:&apos;Arial&apos;;left:307.4px;top:498px;">1,164 </div><div id="a7243" style="position:absolute;font-family:&apos;Arial&apos;;left:372.5px;top:498px;">6,408 </div><div id="a7245" style="position:absolute;font-family:&apos;Arial&apos;;left:431.6px;top:498px;">36,683 </div><div id="a7247" style="position:absolute;font-family:&apos;Arial&apos;;left:499.5px;top:498px;">(5,245) </div><div id="a7249" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:561.5px;top:498px;">39,010 </div><div id="a7251" style="position:absolute;font-family:&apos;Arial&apos;;left:647.5px;top:498px;">14 </div><div id="a7253" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:691.7px;top:498px;">39,024 </div><div id="a7255" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:525.4px;">Net income/(loss) </div><div id="a7259" style="position:absolute;font-family:&apos;Arial&apos;;left:437.5px;top:525.4px;">4,710 </div><div id="a7262" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:567.5px;top:525.4px;">4,710 </div><div id="a7264" style="position:absolute;font-family:&apos;Arial&apos;;left:653.4px;top:525.4px;">4 </div><div id="a7266" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:697.6px;top:525.4px;">4,714 </div><div id="a7268" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:552.9px;">Other comprehensive income/(loss) </div><div id="a7272" style="position:absolute;font-family:&apos;Arial&apos;;left:443.3px;top:552.9px;">(326) </div><div id="a7274" style="position:absolute;font-family:&apos;Arial&apos;;left:511.5px;top:552.9px;">173 </div><div id="a7276" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:573.2px;top:552.9px;">(153) </div><div id="a7279" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:703.3px;top:552.9px;">(153) </div><div id="a7281" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:580.9px;">Total comprehensive income/(loss) </div><div id="a7289" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:697.6px;top:580.9px;">4,561 </div><div id="a7291" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:609.1px;">Dividends</div><div id="a7296" style="position:absolute;font-family:&apos;Arial&apos;;left:458.3px;top:609.1px;">0 </div><div id="a7299" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:588.3px;top:609.1px;">0 </div><div id="a7302" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:718.4px;top:609.1px;">0 </div><div id="a7304" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:636.5px;">Share buy-back</div><div id="a7307" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:135.4px;top:636.1px;">1)</div><div id="a7309" style="position:absolute;font-family:&apos;Arial&apos;;left:328.2px;top:636.5px;">0 </div><div id="a7311" style="position:absolute;font-family:&apos;Arial&apos;;left:378.3px;top:636.5px;">(330) </div><div id="a7315" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:573.2px;top:636.5px;">(330) </div><div id="a7318" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:703.3px;top:636.5px;">(330) </div><div id="a7320" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:664px;">Other equity transactions </div><div id="a7323" style="position:absolute;font-family:&apos;Arial&apos;;left:390.3px;top:664px;">(4) </div><div id="a7325" style="position:absolute;font-family:&apos;Arial&apos;;left:458.3px;top:664px;">0 </div><div id="a7328" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:585.2px;top:664px;">(3) </div><div id="a7330" style="position:absolute;font-family:&apos;Arial&apos;;left:653.4px;top:664px;">0 </div><div id="a7332" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:715.3px;top:664px;">(3) </div><div id="a7342" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:60.5px;top:719.5px;">At 31 March 2022 </div><div id="a7344" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:307.4px;top:719.5px;">1,164 </div><div id="a7346" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:372.5px;top:719.5px;">6,074 </div><div id="a7348" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:431.6px;top:719.5px;">41,068 </div><div id="a7350" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:499.5px;top:719.5px;">(5,073) </div><div id="a7352" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:561.5px;top:719.5px;">43,233 </div><div id="a7354" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:647.5px;top:719.5px;">19 </div><div id="a7356" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:691.7px;top:719.5px;">43,251 </div><div id="a7358" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:747.7px;">* Audited </div><div id="a7367" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:776.8px;"><div style="display:inline-block;width:15.4px">&nbsp;1)</div>For more information see note 8 Capital distribution.</div></div>
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<div id="a7386" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>23 </div><div id="a7391" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:60.5px;top:94.8px;">CONSOLIDATED STATEMENT<div style="display:inline-block;width:4.6px">&#160;</div>OF CASH FLOWS</div><div id="a7396" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:592.9px;top:122.4px;">Quarters </div><div id="a7399" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:695.5px;top:122.4px;">Full year </div><div id="a7401" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:63.2px;top:148px;">(unaudited, in USD million) </div><div id="a7403" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:490.2px;top:148px;">Note </div><div id="a7405" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:545.1px;top:148.1px;">Q1 2022 </div><div id="a7407" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:595.9px;top:148.1px;">Q4 2021 </div><div id="a7409" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:647px;top:148.1px;">Q1 2021 </div><div id="a7411" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:709.6px;top:148.1px;">2021* </div><div id="a7419" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:190.1px;">Income/(loss) before tax </div><div id="a7422" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:190.1px;">17,223 </div><div id="a7424" style="position:absolute;font-family:&apos;Arial&apos;;left:595.1px;top:190.1px;">13,135 </div><div id="a7426" style="position:absolute;font-family:&apos;Arial&apos;;left:652.1px;top:190.1px;">4,513 </div><div id="a7428" style="position:absolute;font-family:&apos;Arial&apos;;left:697.3px;top:190.1px;">31,583 </div><div id="a7436" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:245px;">Depreciation, amortisation and net impairment losses </div><div id="a7438" style="position:absolute;font-family:&apos;Arial&apos;;left:498px;top:245px;">6 </div><div id="a7440" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:550.2px;top:245px;">2,017 </div><div id="a7442" style="position:absolute;font-family:&apos;Arial&apos;;left:601.1px;top:245px;">4,777 </div><div id="a7444" style="position:absolute;font-family:&apos;Arial&apos;;left:652.1px;top:245px;">2,797 </div><div id="a7446" style="position:absolute;font-family:&apos;Arial&apos;;left:697.3px;top:245px;">11,719 </div><div id="a7448" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:272.4px;">Exploration expenditures written off </div><div id="a7451" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:565.1px;top:272.4px;">73 </div><div id="a7453" style="position:absolute;font-family:&apos;Arial&apos;;left:621.9px;top:272.4px;">2 </div><div id="a7455" style="position:absolute;font-family:&apos;Arial&apos;;left:667px;top:272.4px;">64 </div><div id="a7457" style="position:absolute;font-family:&apos;Arial&apos;;left:712.1px;top:272.4px;">171 </div><div id="a7459" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:299.9px;">(Gains)/losses on foreign currency transactions and<div style="display:inline-block;width:1.6px">&#160;</div>balances </div><div id="a7461" style="position:absolute;font-family:&apos;Arial&apos;;left:498px;top:299.9px;">4 </div><div id="a7463" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:559.1px;top:299.9px;">284 </div><div id="a7465" style="position:absolute;font-family:&apos;Arial&apos;;left:616px;top:299.9px;">68 </div><div id="a7467" style="position:absolute;font-family:&apos;Arial&apos;;left:663.8px;top:299.9px;">(70) </div><div id="a7469" style="position:absolute;font-family:&apos;Arial&apos;;left:714.9px;top:299.9px;">(47) </div><div id="a7471" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:327.3px;">(Gains)/losses on sale of assets and businesses </div><div id="a7473" style="position:absolute;font-family:&apos;Arial&apos;;left:498px;top:327.3px;">3 </div><div id="a7475" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:561.9px;top:327.3px;">(89) </div><div id="a7477" style="position:absolute;font-family:&apos;Arial&apos;;left:606.8px;top:327.3px;">(156) </div><div id="a7479" style="position:absolute;font-family:&apos;Arial&apos;;left:649.1px;top:327.3px;">(1,383) </div><div id="a7481" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:327.3px;">(1,519) </div><div id="a7483" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:354.8px;">(Increase)/decrease in other items related to operating<div style="display:inline-block;width:1.7px">&#160;</div>activities</div><div id="a7484" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:364.1px;top:354.5px;">1) </div><div id="a7487" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:555.9px;top:354.8px;">(300) </div><div id="a7489" style="position:absolute;font-family:&apos;Arial&apos;;left:610px;top:354.8px;">684 </div><div id="a7491" style="position:absolute;font-family:&apos;Arial&apos;;left:661.1px;top:354.8px;">222 </div><div id="a7493" style="position:absolute;font-family:&apos;Arial&apos;;left:712.1px;top:354.8px;">106 </div><div id="a7495" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:382.2px;">(Increase)/decrease in net derivative financial instruments </div><div id="a7498" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:559.1px;top:382.2px;">953 </div><div id="a7500" style="position:absolute;font-family:&apos;Arial&apos;;left:606.8px;top:382.2px;">(315) </div><div id="a7502" style="position:absolute;font-family:&apos;Arial&apos;;left:661.1px;top:382.2px;">577 </div><div id="a7504" style="position:absolute;font-family:&apos;Arial&apos;;left:712.1px;top:382.2px;">539 </div><div id="a7506" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:409.7px;">Interest received </div><div id="a7509" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:565.1px;top:409.7px;">11 </div><div id="a7511" style="position:absolute;font-family:&apos;Arial&apos;;left:621.9px;top:409.7px;">5 </div><div id="a7513" style="position:absolute;font-family:&apos;Arial&apos;;left:667px;top:409.7px;">39 </div><div id="a7515" style="position:absolute;font-family:&apos;Arial&apos;;left:718.1px;top:409.7px;">96 </div><div id="a7517" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:437.1px;">Interest paid </div><div id="a7520" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:555.9px;top:437.1px;">(118) </div><div id="a7522" style="position:absolute;font-family:&apos;Arial&apos;;left:606.8px;top:437.1px;">(212) </div><div id="a7524" style="position:absolute;font-family:&apos;Arial&apos;;left:657.9px;top:437.1px;">(141) </div><div id="a7526" style="position:absolute;font-family:&apos;Arial&apos;;left:708.9px;top:437.1px;">(698) </div><div id="a7534" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:492.7px;">Cash flows provided by operating activities before<div style="display:inline-block;width:1.5px">&#160;</div>taxes paid and working capital </div><div id="a7535" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:506.8px;">items </div><div id="a7538" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:506.8px;">20,055 </div><div id="a7540" style="position:absolute;font-family:&apos;Arial&apos;;left:595.1px;top:506.8px;">17,988 </div><div id="a7542" style="position:absolute;font-family:&apos;Arial&apos;;left:652.1px;top:506.8px;">6,617 </div><div id="a7544" style="position:absolute;font-family:&apos;Arial&apos;;left:697.3px;top:506.8px;">41,950 </div><div id="a7552" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:561.7px;">Taxes paid </div><div id="a7555" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.1px;top:561.7px;">(4,307) </div><div id="a7557" style="position:absolute;font-family:&apos;Arial&apos;;left:598px;top:561.7px;">(6,658) </div><div id="a7559" style="position:absolute;font-family:&apos;Arial&apos;;left:663.8px;top:561.7px;">(84) </div><div id="a7561" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:561.7px;">(8,588) </div><div id="a7569" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:616.6px;">(Increase)/decrease in working capital </div><div id="a7572" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:565.1px;top:616.6px;">23 </div><div id="a7574" style="position:absolute;font-family:&apos;Arial&apos;;left:598px;top:616.6px;">(3,180) </div><div id="a7576" style="position:absolute;font-family:&apos;Arial&apos;;left:657.9px;top:616.6px;">(549) </div><div id="a7578" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:616.6px;">(4,546) </div><div id="a7586" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:672.1px;">Cash flows provided by operating activities<div style="display:inline-block;width:1.7px">&#160;</div></div><div id="a7589" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:672.1px;">15,771 </div><div id="a7591" style="position:absolute;font-family:&apos;Arial&apos;;left:601.1px;top:672.1px;">8,151 </div><div id="a7593" style="position:absolute;font-family:&apos;Arial&apos;;left:652.1px;top:672.1px;">5,984 </div><div id="a7595" style="position:absolute;font-family:&apos;Arial&apos;;left:697.3px;top:672.1px;">28,816 </div><div id="a7603" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:727.7px;">Cash used in business combinations</div><div id="a7605" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:236.5px;top:727.3px;">2) </div><div id="a7608" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:571px;top:727.7px;">0 </div><div id="a7610" style="position:absolute;font-family:&apos;Arial&apos;;left:621.9px;top:727.7px;">0 </div><div id="a7612" style="position:absolute;font-family:&apos;Arial&apos;;left:672.9px;top:727.7px;">0 </div><div id="a7614" style="position:absolute;font-family:&apos;Arial&apos;;left:708.9px;top:727.7px;">(111) </div><div id="a7616" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:755px;">Capital expenditures and investments</div><div id="a7617" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:241.3px;top:754.7px;">3) </div><div id="a7620" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.1px;top:755px;">(2,182) </div><div id="a7622" style="position:absolute;font-family:&apos;Arial&apos;;left:598px;top:755px;">(2,225) </div><div id="a7624" style="position:absolute;font-family:&apos;Arial&apos;;left:649.1px;top:755px;">(2,151) </div><div id="a7626" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:755px;">(8,040) </div><div id="a7628" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:782.5px;">(Increase)/decrease in financial investments </div><div id="a7631" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.1px;top:782.5px;">(2,850) </div><div id="a7633" style="position:absolute;font-family:&apos;Arial&apos;;left:598px;top:782.5px;">(6,387) </div><div id="a7635" style="position:absolute;font-family:&apos;Arial&apos;;left:661.1px;top:782.5px;">699 </div><div id="a7637" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:782.5px;">(9,951) </div><div id="a7639" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:809.9px;">(Increase)/decrease in derivative financial instruments </div><div id="a7642" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:559.1px;top:809.9px;">424 </div><div id="a7644" style="position:absolute;font-family:&apos;Arial&apos;;left:610px;top:809.9px;">151 </div><div id="a7646" style="position:absolute;font-family:&apos;Arial&apos;;left:657.9px;top:809.9px;">(305) </div><div id="a7648" style="position:absolute;font-family:&apos;Arial&apos;;left:720.9px;top:809.9px;">(1) </div><div id="a7650" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:837.4px;">(Increase)/decrease in other interest-bearing items </div><div id="a7655" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:571px;top:837.4px;">4 </div><div id="a7657" style="position:absolute;font-family:&apos;Arial&apos;;left:610px;top:837.4px;">189 </div><div id="a7659" style="position:absolute;font-family:&apos;Arial&apos;;left:669.9px;top:837.4px;">(3) </div><div id="a7661" style="position:absolute;font-family:&apos;Arial&apos;;left:718.1px;top:837.4px;">28 </div><div id="a7663" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:864.8px;">Proceeds from sale of assets and businesses </div><div id="a7665" style="position:absolute;font-family:&apos;Arial&apos;;left:498px;top:864.8px;">3 </div><div id="a7667" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:559.1px;top:864.8px;">140 </div><div id="a7669" style="position:absolute;font-family:&apos;Arial&apos;;left:616px;top:864.8px;">72 </div><div id="a7671" style="position:absolute;font-family:&apos;Arial&apos;;left:652.1px;top:864.8px;">1,146 </div><div id="a7673" style="position:absolute;font-family:&apos;Arial&apos;;left:703.2px;top:864.8px;">1,864 </div><div id="a7681" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:920.5px;">Cash flows used in investing activities </div><div id="a7684" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.1px;top:920.5px;">(4,465) </div><div id="a7686" style="position:absolute;font-family:&apos;Arial&apos;;left:598px;top:920.5px;">(8,200) </div><div id="a7688" style="position:absolute;font-family:&apos;Arial&apos;;left:657.9px;top:920.5px;">(613) </div><div id="a7690" style="position:absolute;font-family:&apos;Arial&apos;;left:694.2px;top:920.5px;">(16,211) </div><div id="a7698" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:976px;">Repayment of finance debt </div><div id="a7702" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:571px;top:976px;">0 </div><div id="a7704" style="position:absolute;font-family:&apos;Arial&apos;;left:598px;top:976px;">(1,250) </div><div id="a7706" style="position:absolute;font-family:&apos;Arial&apos;;left:649.1px;top:976px;">(1,424) </div><div id="a7708" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:976px;">(2,675) </div><div id="a7710" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:1003.4px;">Repayment of lease liabilities </div><div id="a7713" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:555.9px;top:1003.4px;">(317) </div><div id="a7715" style="position:absolute;font-family:&apos;Arial&apos;;left:606.8px;top:1003.4px;">(319) </div><div id="a7717" style="position:absolute;font-family:&apos;Arial&apos;;left:657.9px;top:1003.4px;">(302) </div><div id="a7719" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:1003.4px;">(1,238) </div></div>
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<div id="a7723" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>24 </div><div id="a7728" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:94.8px;">Dividends paid </div><div id="a7731" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:555.9px;top:94.8px;">(582) </div><div id="a7733" style="position:absolute;font-family:&apos;Arial&apos;;left:606.8px;top:94.8px;">(565) </div><div id="a7735" style="position:absolute;font-family:&apos;Arial&apos;;left:657.9px;top:94.8px;">(355) </div><div id="a7737" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:94.8px;">(1,797) </div><div id="a7739" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:122.2px;">Share buy-back</div><div id="a7745" 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style="position:absolute;font-family:&apos;Arial&apos;;left:703.2px;top:149.7px;">1,195 </div><div id="a7770" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:205.2px;">Cash flows provided by/(used in) financing activities </div><div id="a7773" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.1px;top:205.2px;">(4,142) </div><div id="a7775" style="position:absolute;font-family:&apos;Arial&apos;;left:610px;top:205.2px;">357 </div><div id="a7777" style="position:absolute;font-family:&apos;Arial&apos;;left:649.1px;top:205.2px;">(3,096) </div><div id="a7779" style="position:absolute;font-family:&apos;Arial&apos;;left:700.1px;top:205.2px;">(4,836) </div><div id="a7787" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:260.7px;">Net increase/(decrease) in cash and cash equivalents </div><div id="a7790" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:550.2px;top:260.7px;">7,165 </div><div 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style="display:inline-block;width:1.7px">&#160;</div>USD 189 million which represent the </div><div id="a7863" style="position:absolute;font-family:&apos;Arial&apos;;left:74.5px;top:469.1px;">accretion related to the payment of the acquisition and<div style="display:inline-block;width:1.7px">&#160;</div>disposal of the interests in the Bacalhau field<div style="display:inline-block;width:1.6px">&#160;</div>as described below.<div style="display:inline-block;width:5.9px">&#160;</div></div><div id="a7871" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:483.8px;"><div style="display:inline-block;width:14.2px">&nbsp;2)</div>Net after cash and cash equivalents acquired. </div><div id="a7875" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:498.5px;"><div style="display:inline-block;width:13.9px">&nbsp;3)</div>The line Capital expenditures and investments for<div style="display:inline-block;width:1.6px">&#160;</div>the first quarter 2022 includes USD 336 million which<div style="display:inline-block;width:1.6px">&#160;</div>represents the net of an USD </div><div id="a7880" style="position:absolute;font-family:&apos;Arial&apos;;left:74.5px;top:513.1px;">769 million payment of a contingent consideration<div style="display:inline-block;width:1.6px">&#160;</div>related to the acquisition of interests in the<div style="display:inline-block;width:1.7px">&#160;</div>Bacalhau field in 2016 and 2017, and a </div><div id="a7882" style="position:absolute;font-family:&apos;Arial&apos;;left:74.5px;top:527.8px;">corresponding receipt of USD 433 million for the<div style="display:inline-block;width:1.6px">&#160;</div>simultaneous payment of contingent consideration related<div style="display:inline-block;width:1.6px">&#160;</div>to disposal of parts of the </div><div id="a7891" style="position:absolute;font-family:&apos;Arial&apos;;left:74.5px;top:542.5px;">acquired interests in 2018. </div><div id="a7893" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:557.1px;"><div style="display:inline-block;width:14.9px">&nbsp;4)</div>At 31 March 2022 and 31 March 2021 cash<div style="display:inline-block;width:1.7px">&#160;</div>and cash equivalents net overdraft were zero.<div style="display:inline-block;width:1.6px">&#160;</div>At 31 December 2021 cash and cash<div style="display:inline-block;width:13.5px">&#160;</div></div><div id="a7914" style="position:absolute;font-family:&apos;Arial&apos;;left:74.5px;top:571.8px;"><div style="display:inline-block;width:6.1px">&#160;</div>equivalents included a net overdraft of USD 140<div style="display:inline-block;width:1.6px">&#160;</div>million. </div></div>
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<div id="a7923" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>25 </div><div id="a7928" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:60.5px;top:95.1px;">Notes to the Condensed interim financial statements</div><div id="a7930" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:139.7px;">1 Organisation and basis of preparation </div><div id="a7933" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:177.2px;">Organisation and principal activities</div><div id="a7935" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:192.6px;">Equinor ASA was founded in 1972 and is incorporated and domiciled in Norway. The address of its registered office is Forusbeen 50, </div><div id="a7939" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:208px;">N-4035 Stavanger, Norway. </div><div id="a7943" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:238.5px;">The Equinor group&#8217;s (Equinor&#8217;s) business consists principally of the exploration, production, transportation, refining<div style="display:inline-block;width:1.6px">&#160;</div>and marketing of </div><div id="a7945" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:253.9px;">petroleum and petroleum-derived products, and other forms of energy. Equinor ASA is listed on the Oslo B&#248;rs (Norway) and the New </div><div id="a7948" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:269.2px;">York Stock Exchange (USA).</div><div id="a7950" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:300px;">Equinor Energy AS, a 100% owned operating subsidiary of Equinor ASA and owner of all of Equinor's<div style="display:inline-block;width:1.6px">&#160;</div>oil and gas activities and net </div><div id="a7952" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:315.3px;">assets on the Norwegian continental shelf, is co-obligor or guarantor of certain debt<div style="display:inline-block;width:1.8px">&#160;</div>obligations of Equinor ASA.</div><div id="a7957" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:345.9px;">Equinor's condensed interim financial statements for the first quarter of 2022 were authorised for<div style="display:inline-block;width:1.9px">&#160;</div>issue by the board of directors on 3 </div><div id="a7965" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:361.3px;">May 2022.</div><div id="a7969" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:392px;">Basis of preparation</div><div id="a7971" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:407.4px;">These condensed interim financial statements are prepared in accordance with International Accounting<div style="display:inline-block;width:1.8px">&#160;</div>Standard 34 Interim Financial </div><div id="a7974" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:422.6px;">Reporting as issued by the International Accounting Standards Board (IASB) and as adopted by the European<div style="display:inline-block;width:1.8px">&#160;</div>Union (EU). The </div><div id="a7976" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:437.9px;">condensed interim financial statements do not include all the information and disclosures required<div style="display:inline-block;width:1.6px">&#160;</div>by International Financial Reporting </div><div id="a7979" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:453.3px;">Standards (IFRS) for a complete set of financial statements, and these condensed interim financial statements<div style="display:inline-block;width:1.8px">&#160;</div>should be read in </div><div id="a7982" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:468.6px;">conjunction with the Consolidated annual financial statements for 2021. IFRS as adopted by the EU<div style="display:inline-block;width:1.8px">&#160;</div>differs<div style="display:inline-block;width:3.5px">&#160;</div>in certain respects from </div><div id="a7991" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:484px;">IFRS as issued by the IASB, but the differences do not impact Equinor's financial statements for the periods presented.<div style="display:inline-block;width:1.9px">&#160;</div>A description </div><div id="a7993" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:499.4px;">of the significant accounting policies applied in preparing these condensed interim financial statements is included<div style="display:inline-block;width:1.8px">&#160;</div>in Equinor's </div><div id="a7997" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:514.7px;">Consolidated annual financial statements for 2021. </div><div id="a8003" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:545.3px;">There have been no changes to the significant accounting policies during 2022 compared to the Consolidated annual<div style="display:inline-block;width:1.8px">&#160;</div>financial </div><div id="a8010" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:560.6px;">statements for 2021. When determining fair value, there have been no changes to the valuation<div style="display:inline-block;width:1.7px">&#160;</div>techniques or models and Equinor </div><div id="a8013" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:576px;">applies the same sources of input and the same criteria for categorisation in the fair value hierarchy<div style="display:inline-block;width:1.7px">&#160;</div>as disclosed in the Consolidated </div><div id="a8018" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:591.4px;">annual financial statements for 2021.</div><div id="a8022" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:621.9px;">Certain amounts in the comparable periods in the note disclosures have been reclassified<div style="display:inline-block;width:1.8px">&#160;</div>to conform to current period presentation. </div><div id="a8024" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:637.3px;">The subtotals and totals in some of the tables may not equal the sum of the amounts shown due<div style="display:inline-block;width:1.7px">&#160;</div>to rounding. </div><div id="a8027" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:668px;">The Condensed interim financial statements are unaudited.</div><div id="a8031" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:698.6px;">Use of estimates</div><div id="a8033" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:713.9px;">The preparation of financial statements in conformity with IFRS requires management to make<div style="display:inline-block;width:1.8px">&#160;</div>judgments, estimates and assumptions </div><div id="a8035" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:729.3px;">that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates<div style="display:inline-block;width:1.8px">&#160;</div>and associated </div><div id="a8037" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:744.7px;">assumptions are reviewed on an on-going basis and are based on historical experience and various other<div style="display:inline-block;width:1.8px">&#160;</div>factors that are believed to </div><div id="a8043" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:760px;">be reasonable under the circumstances, the results of which form the basis for making the<div style="display:inline-block;width:1.8px">&#160;</div>judgments about carrying values of assets </div><div id="a8045" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:775.4px;">and liabilities that are not readily apparent from other sources. Actual results may differ from these<div style="display:inline-block;width:1.8px">&#160;</div>estimates.</div><div id="a8049" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:822.5px;">2 Segments </div><div id="a8052" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:858.6px;">Equinor&#8217;s operations are managed through operating segments (business areas). The<div style="display:inline-block;width:1.8px">&#160;</div>reportable segments Exploration &amp; Production </div><div id="a8055" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:874px;">Norway (E&amp;P Norway), Exploration &amp; Production International (E&amp;P International), Exploration &amp;<div style="display:inline-block;width:1.7px">&#160;</div>Production USA (E&amp;P USA) </div><div id="a8057" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:889.3px;">Marketing, Midstream &amp; Processing (MMP) and Renewables (REN) correspond to the operating<div style="display:inline-block;width:1.8px">&#160;</div>segments. The operating segments </div><div id="a8058" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:904.5px;">Projects, Drilling &amp; Procurement (PDP), Technology,<div style="display:inline-block;width:4.5px">&#160;</div>Digital &amp; Innovation (TDI) and Corporate staff and functions are aggregated into </div><div id="a8060" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:919.9px;">the reportable segment Other based on materiality. 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<div id="a8129" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>26 </div><div id="a8134" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:96.4px;">The measurement basis for segments is IFRS as applied by the group with the exception of IFRS<div style="display:inline-block;width:1.7px">&#160;</div>16 Leases and the line item </div><div id="a8135" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:111.6px;">Additions to PP&amp;E, intangibles and equity accounted investments. All IFRS 16 leases are<div style="display:inline-block;width:1.8px">&#160;</div>presented within the Other segment. The </div><div id="a8137" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:127px;">lease costs for the period are allocated to the different segments based on underlying lease payments,<div style="display:inline-block;width:1.9px">&#160;</div>with a corresponding credit in </div><div id="a8139" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:142.4px;">the Other segment. Lease costs allocated to licence partners are recognised as other revenues<div style="display:inline-block;width:1.8px">&#160;</div>in the Other segment. Additions to </div><div id="a8148" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:157.7px;">PP&amp;E, intangible assets and equity accounted investments in the E&amp;P and MMP segments include<div style="display:inline-block;width:1.8px">&#160;</div>the period&#8217;s allocated lease costs </div><div id="a8186" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:173.1px;">related to activity being capitalised with a corresponding negative addition in the Other segment.<div style="display:inline-block;width:1.8px">&#160;</div>The line item Additions to PP&amp;E, </div><div id="a8216" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:188.4px;">intangibles and equity accounted investments excludes movements related to changes in<div style="display:inline-block;width:1.8px">&#160;</div>asset retirement obligations.</div><div id="a8221" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:221.2px;">First quarter 2022 </div><div id="a8223" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:307.1px;top:234.5px;">E&amp;P </div><div id="a8224" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:292.7px;top:246.8px;">Norway </div><div id="a8226" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:375.1px;top:234.5px;">E&amp;P </div><div id="a8227" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:338.3px;top:246.8px;">International </div><div id="a8229" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:429px;top:234.5px;">E&amp;P<div style="display:inline-block;width:23.3px">&#160;</div></div><div id="a8230" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:428.5px;top:246.8px;">USA </div><div id="a8232" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:486.5px;top:246.8px;">MMP </div><div id="a8234" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:542.5px;top:246.8px;">REN </div><div id="a8236" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:583.3px;top:246.8px;">Other </div><div id="a8238" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:613.9px;top:246.8px;">Eliminations </div><div id="a8240" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:708px;top:246.8px;">Total </div><div id="a8242" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:246.8px;">(in USD million) </div><div id="a8253" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:300.5px;">Revenues third party, other revenue and </div><div id="a8254" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:314.8px;">other income </div><div id="a8256" style="position:absolute;font-family:&apos;Arial&apos;;left:304.5px;top:314.8px;">179 </div><div id="a8258" style="position:absolute;font-family:&apos;Arial&apos;;left:378.5px;top:314.8px;">61 </div><div id="a8260" style="position:absolute;font-family:&apos;Arial&apos;;left:432.4px;top:314.8px;">78 </div><div id="a8262" style="position:absolute;font-family:&apos;Arial&apos;;left:471.6px;top:314.8px;">35,818 </div><div id="a8264" style="position:absolute;font-family:&apos;Arial&apos;;left:546.3px;top:314.8px;">90 </div><div id="a8266" style="position:absolute;font-family:&apos;Arial&apos;;left:592.4px;top:314.8px;">69 </div><div id="a8268" style="position:absolute;font-family:&apos;Arial&apos;;left:659.3px;top:314.8px;">0 </div><div id="a8270" style="position:absolute;font-family:&apos;Arial&apos;;left:693.6px;top:314.8px;">36,294 </div><div id="a8272" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:342.1px;">Revenues inter-segment </div><div id="a8276" style="position:absolute;font-family:&apos;Arial&apos;;left:289.7px;top:342.1px;">18,245 </div><div id="a8278" style="position:absolute;font-family:&apos;Arial&apos;;left:363.6px;top:342.1px;">1,324 </div><div id="a8280" style="position:absolute;font-family:&apos;Arial&apos;;left:417.5px;top:342.1px;">1,191 </div><div id="a8282" style="position:absolute;font-family:&apos;Arial&apos;;left:492.4px;top:342.1px;">89 </div><div id="a8284" style="position:absolute;font-family:&apos;Arial&apos;;left:552.3px;top:342.1px;">0 </div><div id="a8286" style="position:absolute;font-family:&apos;Arial&apos;;left:598.3px;top:342.1px;">1 </div><div id="a8288" style="position:absolute;font-family:&apos;Arial&apos;;left:629.6px;top:342.1px;">(20,849) </div><div id="a8290" style="position:absolute;font-family:&apos;Arial&apos;;left:720.3px;top:342.1px;">0 </div><div id="a8292" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:359px;">Net income/(loss) from equity accounted </div><div id="a8294" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:373.1px;">investments </div><div id="a8296" style="position:absolute;font-family:&apos;Arial&apos;;left:316.4px;top:373.1px;">0 </div><div id="a8298" style="position:absolute;font-family:&apos;Arial&apos;;left:378.5px;top:373.1px;">67 </div><div id="a8300" style="position:absolute;font-family:&apos;Arial&apos;;left:438.3px;top:373.1px;">0 </div><div id="a8302" style="position:absolute;font-family:&apos;Arial&apos;;left:498.3px;top:373.1px;">3 </div><div id="a8304" style="position:absolute;font-family:&apos;Arial&apos;;left:546.3px;top:373.1px;">29 </div><div id="a8306" style="position:absolute;font-family:&apos;Arial&apos;;left:598.3px;top:373.1px;">0 </div><div id="a8308" style="position:absolute;font-family:&apos;Arial&apos;;left:659.3px;top:373.1px;">0 </div><div id="a8310" style="position:absolute;font-family:&apos;Arial&apos;;left:714.4px;top:373.1px;">99 </div><div id="a8321" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:428.6px;">Total revenues and other income<div style="display:inline-block;width:3.1px">&#160;</div></div><div id="a8323" style="position:absolute;font-family:&apos;Arial&apos;;left:289.7px;top:428.6px;">18,424 </div><div id="a8325" style="position:absolute;font-family:&apos;Arial&apos;;left:363.6px;top:428.6px;">1,452 </div><div id="a8327" style="position:absolute;font-family:&apos;Arial&apos;;left:417.5px;top:428.6px;">1,269 </div><div id="a8329" style="position:absolute;font-family:&apos;Arial&apos;;left:471.6px;top:428.6px;">35,909 </div><div id="a8331" style="position:absolute;font-family:&apos;Arial&apos;;left:540.4px;top:428.6px;">119 </div><div id="a8333" style="position:absolute;font-family:&apos;Arial&apos;;left:592.4px;top:428.6px;">70 </div><div id="a8335" style="position:absolute;font-family:&apos;Arial&apos;;left:629.6px;top:428.6px;">(20,849) </div><div id="a8337" style="position:absolute;font-family:&apos;Arial&apos;;left:693.6px;top:428.6px;">36,393 </div><div id="a8348" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:484.3px;">Purchases [net of inventory variation] </div><div id="a8350" style="position:absolute;font-family:&apos;Arial&apos;;left:316.4px;top:484.3px;">0 </div><div id="a8352" style="position:absolute;font-family:&apos;Arial&apos;;left:378.5px;top:484.3px;">27 </div><div id="a8354" style="position:absolute;font-family:&apos;Arial&apos;;left:438.3px;top:484.3px;">0 </div><div id="a8356" style="position:absolute;font-family:&apos;Arial&apos;;left:468.6px;top:484.3px;">(34,289) </div><div id="a8358" style="position:absolute;font-family:&apos;Arial&apos;;left:552.3px;top:484.3px;">0 </div><div id="a8360" style="position:absolute;font-family:&apos;Arial&apos;;left:598.3px;top:484.3px;">0 </div><div id="a8362" style="position:absolute;font-family:&apos;Arial&apos;;left:632.6px;top:484.3px;">20,752 </div><div id="a8364" style="position:absolute;font-family:&apos;Arial&apos;;left:690.5px;top:484.3px;">(13,510) </div><div id="a8366" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:511.6px;">Operating, selling, general and </div><div id="a8367" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:525.7px;">administrative expenses </div><div id="a8369" style="position:absolute;font-family:&apos;Arial&apos;;left:301.3px;top:525.7px;">(838) </div><div id="a8371" style="position:absolute;font-family:&apos;Arial&apos;;left:369.3px;top:525.7px;">(399) </div><div id="a8373" style="position:absolute;font-family:&apos;Arial&apos;;left:423.3px;top:525.7px;">(220) </div><div id="a8375" style="position:absolute;font-family:&apos;Arial&apos;;left:474.5px;top:525.7px;">(1,059) </div><div id="a8377" style="position:absolute;font-family:&apos;Arial&apos;;left:543.1px;top:525.7px;">(41) </div><div id="a8379" style="position:absolute;font-family:&apos;Arial&apos;;left:592.4px;top:525.7px;">99 </div><div id="a8381" style="position:absolute;font-family:&apos;Arial&apos;;left:647.5px;top:525.7px;">188 </div><div id="a8383" style="position:absolute;font-family:&apos;Arial&apos;;left:696.5px;top:525.7px;">(2,271) </div><div id="a8385" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:553.2px;">Depreciation, amortisation and net </div><div id="a8386" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:567.3px;">impairment losses </div><div id="a8388" style="position:absolute;font-family:&apos;Arial&apos;;left:301.3px;top:567.3px;">(546) </div><div id="a8390" style="position:absolute;font-family:&apos;Arial&apos;;left:360.5px;top:567.3px;">(1,365) </div><div id="a8392" style="position:absolute;font-family:&apos;Arial&apos;;left:426.5px;top:567.3px;">212 </div><div id="a8394" style="position:absolute;font-family:&apos;Arial&apos;;left:489.2px;top:567.3px;">(78) </div><div id="a8396" style="position:absolute;font-family:&apos;Arial&apos;;left:549.2px;top:567.3px;">(1) </div><div id="a8398" style="position:absolute;font-family:&apos;Arial&apos;;left:583.3px;top:567.3px;">(240) </div><div id="a8400" style="position:absolute;font-family:&apos;Arial&apos;;left:659.3px;top:567.3px;">0 </div><div id="a8402" style="position:absolute;font-family:&apos;Arial&apos;;left:696.5px;top:567.3px;">(2,017) </div><div id="a8404" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:594.7px;">Exploration expenses </div><div id="a8406" style="position:absolute;font-family:&apos;Arial&apos;;left:301.3px;top:594.7px;">(106) </div><div id="a8408" style="position:absolute;font-family:&apos;Arial&apos;;left:375.3px;top:594.7px;">(81) </div><div id="a8410" style="position:absolute;font-family:&apos;Arial&apos;;left:429.2px;top:594.7px;">(16) </div><div id="a8412" style="position:absolute;font-family:&apos;Arial&apos;;left:498.3px;top:594.7px;">0 </div><div id="a8414" style="position:absolute;font-family:&apos;Arial&apos;;left:552.3px;top:594.7px;">0 </div><div id="a8416" style="position:absolute;font-family:&apos;Arial&apos;;left:598.3px;top:594.7px;">0 </div><div id="a8418" style="position:absolute;font-family:&apos;Arial&apos;;left:659.3px;top:594.7px;">0 </div><div id="a8420" style="position:absolute;font-family:&apos;Arial&apos;;left:705.3px;top:594.7px;">(203) </div><div id="a8431" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:639px;">Total operating expenses </div><div id="a8434" style="position:absolute;font-family:&apos;Arial&apos;;left:292.5px;top:639px;">(1,490) </div><div id="a8436" style="position:absolute;font-family:&apos;Arial&apos;;left:360.5px;top:639px;">(1,818) </div><div id="a8438" style="position:absolute;font-family:&apos;Arial&apos;;left:429.2px;top:639px;">(24) </div><div id="a8440" style="position:absolute;font-family:&apos;Arial&apos;;left:468.6px;top:639px;">(35,427) </div><div id="a8442" style="position:absolute;font-family:&apos;Arial&apos;;left:543.1px;top:639px;">(41) </div><div id="a8444" style="position:absolute;font-family:&apos;Arial&apos;;left:583.3px;top:639px;">(141) </div><div id="a8446" style="position:absolute;font-family:&apos;Arial&apos;;left:632.6px;top:639px;">20,940 </div><div id="a8448" style="position:absolute;font-family:&apos;Arial&apos;;left:690.5px;top:639px;">(18,001) </div><div id="a8459" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:672.6px;">Net operating income/(loss) </div><div id="a8461" style="position:absolute;font-family:&apos;Arial&apos;;left:289.7px;top:672.6px;">16,934 </div><div id="a8463" style="position:absolute;font-family:&apos;Arial&apos;;left:369.3px;top:672.6px;">(366) </div><div id="a8465" style="position:absolute;font-family:&apos;Arial&apos;;left:417.5px;top:672.6px;">1,245 </div><div id="a8467" style="position:absolute;font-family:&apos;Arial&apos;;left:486.5px;top:672.6px;">483 </div><div id="a8469" style="position:absolute;font-family:&apos;Arial&apos;;left:546.3px;top:672.6px;">77 </div><div id="a8471" style="position:absolute;font-family:&apos;Arial&apos;;left:589.2px;top:672.6px;">(71) </div><div id="a8473" style="position:absolute;font-family:&apos;Arial&apos;;left:653.4px;top:672.6px;">90 </div><div id="a8475" style="position:absolute;font-family:&apos;Arial&apos;;left:693.6px;top:672.6px;">18,392 </div><div id="a8486" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:706.2px;">Additions to PP&amp;E, intangibles and equity </div><div id="a8487" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:720.3px;">accounted investments </div><div id="a8489" style="position:absolute;font-family:&apos;Arial&apos;;left:295.6px;top:720.3px;">1,132 </div><div id="a8491" style="position:absolute;font-family:&apos;Arial&apos;;left:372.5px;top:720.3px;">478 </div><div id="a8493" style="position:absolute;font-family:&apos;Arial&apos;;left:426.5px;top:720.3px;">126 </div><div id="a8495" style="position:absolute;font-family:&apos;Arial&apos;;left:492.4px;top:720.3px;">51 </div><div id="a8497" style="position:absolute;font-family:&apos;Arial&apos;;left:546.3px;top:720.3px;">43 </div><div id="a8499" style="position:absolute;font-family:&apos;Arial&apos;;left:586.5px;top:720.3px;">358 </div><div id="a8501" style="position:absolute;font-family:&apos;Arial&apos;;left:656.3px;top:720.3px;">(0) </div><div id="a8503" style="position:absolute;font-family:&apos;Arial&apos;;left:699.5px;top:720.3px;">2,188 </div><div id="a8514" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:764.8px;">Balance sheet information </div><div id="a8524" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:792.1px;">Equity accounted investments<div style="display:inline-block;width:2.1px">&#160;</div></div><div id="a8526" style="position:absolute;font-family:&apos;Arial&apos;;left:316.4px;top:792.1px;">3 </div><div id="a8528" style="position:absolute;font-family:&apos;Arial&apos;;left:372.5px;top:792.1px;">458 </div><div id="a8530" style="position:absolute;font-family:&apos;Arial&apos;;left:438.3px;top:792.1px;">0 </div><div id="a8532" style="position:absolute;font-family:&apos;Arial&apos;;left:486.5px;top:792.1px;">115 </div><div id="a8534" style="position:absolute;font-family:&apos;Arial&apos;;left:531.5px;top:792.1px;">1,086 </div><div id="a8536" style="position:absolute;font-family:&apos;Arial&apos;;left:592.4px;top:792.1px;">47 </div><div id="a8538" style="position:absolute;font-family:&apos;Arial&apos;;left:656.3px;top:792.1px;">(0) </div><div id="a8540" style="position:absolute;font-family:&apos;Arial&apos;;left:699.5px;top:792.1px;">1,710 </div><div id="a8542" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:819.7px;">Non-current segment assets<div style="display:inline-block;width:2.2px">&#160;</div></div><div id="a8546" style="position:absolute;font-family:&apos;Arial&apos;;left:289.7px;top:819.7px;">35,197 </div><div id="a8548" style="position:absolute;font-family:&apos;Arial&apos;;left:357.7px;top:819.7px;">14,986 </div><div id="a8550" style="position:absolute;font-family:&apos;Arial&apos;;left:411.6px;top:819.7px;">11,591 </div><div id="a8552" style="position:absolute;font-family:&apos;Arial&apos;;left:477.5px;top:819.7px;">2,852 </div><div id="a8554" style="position:absolute;font-family:&apos;Arial&apos;;left:540.4px;top:819.7px;">163 </div><div id="a8556" style="position:absolute;font-family:&apos;Arial&apos;;left:577.5px;top:819.7px;">3,411 </div><div id="a8558" style="position:absolute;font-family:&apos;Arial&apos;;left:659.3px;top:819.7px;">0 </div><div id="a8560" style="position:absolute;font-family:&apos;Arial&apos;;left:693.6px;top:819.7px;">68,200 </div><div id="a8562" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:847.1px;">Non-current assets not allocated to </div><div id="a8565" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:861.1px;">segments<div style="display:inline-block;width:5.7px">&#160;</div></div><div id="a8574" style="position:absolute;font-family:&apos;Arial&apos;;left:693.6px;top:861.1px;">13,432 </div><div id="a8585" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:916.8px;">Total non-current assets<div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a8596" style="position:absolute;font-family:&apos;Arial&apos;;left:693.6px;top:916.8px;">83,342 </div></div>
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<div id="a8627" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>27 </div><div id="a8632" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:95.4px;">Fourth quarter 2021 </div><div id="a8634" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:307.1px;top:108.7px;">E&amp;P </div><div id="a8635" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:292.7px;top:121.1px;">Norway </div><div id="a8637" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:368.1px;top:108.7px;">E&amp;P </div><div id="a8638" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:333.8px;top:121.1px;">International</div><div id="a8641" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:422px;top:108.7px;">E&amp;P<div style="display:inline-block;width:23.3px">&#160;</div></div><div id="a8642" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:421.5px;top:121.1px;">USA </div><div id="a8644" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:479.5px;top:121.1px;">MMP </div><div id="a8646" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:535.5px;top:121.1px;">REN </div><div id="a8648" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:584.3px;top:121.1px;">Other </div><div id="a8650" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:614.9px;top:121.1px;">Eliminations </div><div id="a8652" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:709.1px;top:121.1px;">Total </div><div id="a8654" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:121.1px;">(in USD million) </div><div id="a8666" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:174.9px;">Revenues third party, other revenue and </div><div id="a8667" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:189px;">other income </div><div id="a8669" style="position:absolute;font-family:&apos;Arial&apos;;left:304.5px;top:189px;">130 </div><div id="a8671" style="position:absolute;font-family:&apos;Arial&apos;;left:365.5px;top:189px;">359 </div><div id="a8673" style="position:absolute;font-family:&apos;Arial&apos;;left:425.3px;top:189px;">78 </div><div id="a8675" style="position:absolute;font-family:&apos;Arial&apos;;left:464.6px;top:189px;">31,736 </div><div id="a8677" style="position:absolute;font-family:&apos;Arial&apos;;left:545.2px;top:189px;">4 </div><div id="a8679" style="position:absolute;font-family:&apos;Arial&apos;;left:587.5px;top:189px;">163 </div><div id="a8681" style="position:absolute;font-family:&apos;Arial&apos;;left:660.3px;top:189px;">0 </div><div id="a8683" style="position:absolute;font-family:&apos;Arial&apos;;left:694.7px;top:189px;">32,470 </div><div id="a8685" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:216.4px;">Revenues inter-segment </div><div id="a8689" style="position:absolute;font-family:&apos;Arial&apos;;left:289.7px;top:216.4px;">17,539 </div><div id="a8691" style="position:absolute;font-family:&apos;Arial&apos;;left:356.5px;top:216.4px;">1,280 </div><div id="a8693" style="position:absolute;font-family:&apos;Arial&apos;;left:410.5px;top:216.4px;">1,224 </div><div id="a8695" style="position:absolute;font-family:&apos;Arial&apos;;left:485.4px;top:216.4px;">72 </div><div id="a8697" style="position:absolute;font-family:&apos;Arial&apos;;left:542.2px;top:216.4px;">(0) </div><div id="a8699" style="position:absolute;font-family:&apos;Arial&apos;;left:599.3px;top:216.4px;">1 </div><div id="a8701" style="position:absolute;font-family:&apos;Arial&apos;;left:630.5px;top:216.4px;">(20,116) </div><div id="a8703" style="position:absolute;font-family:&apos;Arial&apos;;left:718.4px;top:216.4px;">(0) </div><div id="a8705" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:233.2px;">Net income/(loss) from equity accounted </div><div id="a8706" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:247.3px;">investments </div><div id="a8708" style="position:absolute;font-family:&apos;Arial&apos;;left:316.4px;top:247.3px;">0 </div><div id="a8710" style="position:absolute;font-family:&apos;Arial&apos;;left:365.5px;top:247.3px;">111 </div><div id="a8712" style="position:absolute;font-family:&apos;Arial&apos;;left:431.3px;top:247.3px;">0 </div><div id="a8714" style="position:absolute;font-family:&apos;Arial&apos;;left:491.3px;top:247.3px;">3 </div><div id="a8716" style="position:absolute;font-family:&apos;Arial&apos;;left:539.3px;top:247.3px;">17 </div><div id="a8718" style="position:absolute;font-family:&apos;Arial&apos;;left:599.3px;top:247.3px;">6 </div><div id="a8720" style="position:absolute;font-family:&apos;Arial&apos;;left:660.3px;top:247.3px;">0 </div><div id="a8722" style="position:absolute;font-family:&apos;Arial&apos;;left:709.6px;top:247.3px;">138 </div><div id="a8733" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:302.9px;">Total revenues and other income<div style="display:inline-block;width:3.1px">&#160;</div></div><div id="a8735" style="position:absolute;font-family:&apos;Arial&apos;;left:289.7px;top:302.9px;">17,669 </div><div id="a8737" style="position:absolute;font-family:&apos;Arial&apos;;left:356.5px;top:302.9px;">1,750 </div><div id="a8739" style="position:absolute;font-family:&apos;Arial&apos;;left:410.5px;top:302.9px;">1,302 </div><div id="a8741" style="position:absolute;font-family:&apos;Arial&apos;;left:464.6px;top:302.9px;">31,811 </div><div id="a8743" style="position:absolute;font-family:&apos;Arial&apos;;left:539.3px;top:302.9px;">21 </div><div id="a8745" style="position:absolute;font-family:&apos;Arial&apos;;left:587.5px;top:302.9px;">170 </div><div id="a8747" style="position:absolute;font-family:&apos;Arial&apos;;left:630.5px;top:302.9px;">(20,116) </div><div id="a8749" style="position:absolute;font-family:&apos;Arial&apos;;left:694.7px;top:302.9px;">32,608 </div><div id="a8760" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:358.5px;">Purchases [net of inventory variation] </div><div id="a8762" style="position:absolute;font-family:&apos;Arial&apos;;left:313.3px;top:358.5px;">(0) </div><div id="a8764" style="position:absolute;font-family:&apos;Arial&apos;;left:368.2px;top:358.5px;">(37) </div><div id="a8766" style="position:absolute;font-family:&apos;Arial&apos;;left:431.3px;top:358.5px;">0 </div><div id="a8768" style="position:absolute;font-family:&apos;Arial&apos;;left:461.5px;top:358.5px;">(30,959) </div><div id="a8770" style="position:absolute;font-family:&apos;Arial&apos;;left:542.2px;top:358.5px;">(0) </div><div id="a8772" style="position:absolute;font-family:&apos;Arial&apos;;left:596.3px;top:358.5px;">(0) </div><div id="a8774" style="position:absolute;font-family:&apos;Arial&apos;;left:633.6px;top:358.5px;">19,452 </div><div id="a8776" style="position:absolute;font-family:&apos;Arial&apos;;left:691.7px;top:358.5px;">(11,543) </div><div id="a8778" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:385.9px;">Operating, selling, general and </div><div id="a8779" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:399.9px;">administrative expenses </div><div id="a8781" style="position:absolute;font-family:&apos;Arial&apos;;left:292.5px;top:399.9px;">(1,020) </div><div id="a8783" style="position:absolute;font-family:&apos;Arial&apos;;left:362.3px;top:399.9px;">(410) </div><div id="a8785" style="position:absolute;font-family:&apos;Arial&apos;;left:416.2px;top:399.9px;">(232) </div><div id="a8787" style="position:absolute;font-family:&apos;Arial&apos;;left:467.5px;top:399.9px;">(1,106) </div><div id="a8789" style="position:absolute;font-family:&apos;Arial&apos;;left:536.1px;top:399.9px;">(58) </div><div id="a8791" style="position:absolute;font-family:&apos;Arial&apos;;left:596.3px;top:399.9px;">(2) </div><div id="a8793" style="position:absolute;font-family:&apos;Arial&apos;;left:648.5px;top:399.9px;">324 </div><div id="a8795" style="position:absolute;font-family:&apos;Arial&apos;;left:697.6px;top:399.9px;">(2,504) </div><div id="a8797" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:427.5px;">Depreciation, amortisation and net </div><div id="a8798" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:441.5px;">impairment losses </div><div id="a8800" style="position:absolute;font-family:&apos;Arial&apos;;left:292.5px;top:441.5px;">(1,722) </div><div id="a8802" style="position:absolute;font-family:&apos;Arial&apos;;left:353.5px;top:441.5px;">(2,262) </div><div id="a8804" style="position:absolute;font-family:&apos;Arial&apos;;left:416.2px;top:441.5px;">(486) </div><div id="a8806" style="position:absolute;font-family:&apos;Arial&apos;;left:482.2px;top:441.5px;">(74) </div><div id="a8808" style="position:absolute;font-family:&apos;Arial&apos;;left:542.2px;top:441.5px;">(1) </div><div id="a8810" style="position:absolute;font-family:&apos;Arial&apos;;left:584.3px;top:441.5px;">(233) </div><div id="a8812" style="position:absolute;font-family:&apos;Arial&apos;;left:660.3px;top:441.5px;">0 </div><div id="a8814" style="position:absolute;font-family:&apos;Arial&apos;;left:697.6px;top:441.5px;">(4,777) </div><div id="a8816" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:469.1px;">Exploration expenses </div><div id="a8818" style="position:absolute;font-family:&apos;Arial&apos;;left:307.3px;top:469.1px;">(69) </div><div id="a8820" style="position:absolute;font-family:&apos;Arial&apos;;left:362.3px;top:469.1px;">(102) </div><div id="a8822" style="position:absolute;font-family:&apos;Arial&apos;;left:422.1px;top:469.1px;">(34) </div><div id="a8824" style="position:absolute;font-family:&apos;Arial&apos;;left:491.3px;top:469.1px;">0 </div><div id="a8826" style="position:absolute;font-family:&apos;Arial&apos;;left:545.2px;top:469.1px;">0 </div><div id="a8828" style="position:absolute;font-family:&apos;Arial&apos;;left:599.3px;top:469.1px;">0 </div><div id="a8830" style="position:absolute;font-family:&apos;Arial&apos;;left:660.3px;top:469.1px;">0 </div><div id="a8832" style="position:absolute;font-family:&apos;Arial&apos;;left:706.4px;top:469.1px;">(206) </div><div id="a8843" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:513.2px;">Total operating expenses </div><div id="a8845" style="position:absolute;font-family:&apos;Arial&apos;;left:292.5px;top:513.2px;">(2,812) </div><div id="a8847" style="position:absolute;font-family:&apos;Arial&apos;;left:353.5px;top:513.2px;">(2,811) </div><div id="a8849" style="position:absolute;font-family:&apos;Arial&apos;;left:416.2px;top:513.2px;">(752) </div><div id="a8851" style="position:absolute;font-family:&apos;Arial&apos;;left:461.5px;top:513.2px;">(32,138) </div><div id="a8853" style="position:absolute;font-family:&apos;Arial&apos;;left:536.1px;top:513.2px;">(59) </div><div id="a8855" style="position:absolute;font-family:&apos;Arial&apos;;left:584.3px;top:513.2px;">(235) </div><div id="a8857" style="position:absolute;font-family:&apos;Arial&apos;;left:633.6px;top:513.2px;">19,776 </div><div id="a8859" style="position:absolute;font-family:&apos;Arial&apos;;left:691.7px;top:513.2px;">(19,030) </div><div id="a8870" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:546.8px;">Net operating income/(loss) </div><div id="a8872" style="position:absolute;font-family:&apos;Arial&apos;;left:289.7px;top:546.8px;">14,858 </div><div id="a8874" style="position:absolute;font-family:&apos;Arial&apos;;left:353.5px;top:546.8px;">(1,060) </div><div id="a8876" style="position:absolute;font-family:&apos;Arial&apos;;left:419.4px;top:546.8px;">550 </div><div id="a8878" style="position:absolute;font-family:&apos;Arial&apos;;left:476.3px;top:546.8px;">(327) </div><div id="a8880" style="position:absolute;font-family:&apos;Arial&apos;;left:536.1px;top:546.8px;">(38) </div><div id="a8882" style="position:absolute;font-family:&apos;Arial&apos;;left:590.2px;top:546.8px;">(65) </div><div id="a8884" style="position:absolute;font-family:&apos;Arial&apos;;left:645.3px;top:546.8px;">(340) </div><div id="a8886" style="position:absolute;font-family:&apos;Arial&apos;;left:694.7px;top:546.8px;">13,578 </div><div id="a8897" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:580.4px;">Additions to PP&amp;E, intangibles and equity </div><div id="a8898" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:594.5px;">accounted investments </div><div id="a8900" style="position:absolute;font-family:&apos;Arial&apos;;left:295.6px;top:594.5px;">1,303 </div><div id="a8902" style="position:absolute;font-family:&apos;Arial&apos;;left:365.5px;top:594.5px;">559 </div><div id="a8904" style="position:absolute;font-family:&apos;Arial&apos;;left:419.4px;top:594.5px;">179 </div><div id="a8906" style="position:absolute;font-family:&apos;Arial&apos;;left:485.4px;top:594.5px;">75 </div><div id="a8908" style="position:absolute;font-family:&apos;Arial&apos;;left:539.3px;top:594.5px;">96 </div><div id="a8910" style="position:absolute;font-family:&apos;Arial&apos;;left:593.4px;top:594.5px;">30 </div><div id="a8912" style="position:absolute;font-family:&apos;Arial&apos;;left:657.3px;top:594.5px;">(0) </div><div id="a8914" style="position:absolute;font-family:&apos;Arial&apos;;left:700.6px;top:594.5px;">2,243 </div></div>
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<div id="a8918" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>28 </div><div id="a8923" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:95.4px;">First quarter 2021 </div><div id="a8925" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:307.1px;top:108.7px;">E&amp;P </div><div id="a8926" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:292.7px;top:121.1px;">Norway </div><div id="a8928" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:368.1px;top:108.7px;">E&amp;P </div><div id="a8929" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:333.8px;top:121.1px;">International</div><div id="a8932" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:422px;top:108.7px;">E&amp;P<div style="display:inline-block;width:23.3px">&#160;</div></div><div id="a8933" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:421.5px;top:121.1px;">USA </div><div id="a8935" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:479.5px;top:121.1px;">MMP </div><div id="a8937" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:535.5px;top:121.1px;">REN </div><div id="a8939" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:584.3px;top:121.1px;">Other </div><div id="a8941" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:614.9px;top:121.1px;">Eliminations </div><div id="a8943" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:709.1px;top:121.1px;">Total </div><div id="a8945" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:121.1px;">(in USD million) </div><div id="a8956" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:174.9px;">Revenues third party, other revenue and </div><div id="a8957" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:189px;">other income </div><div id="a8959" style="position:absolute;font-family:&apos;Arial&apos;;left:310.5px;top:189px;">28 </div><div id="a8961" style="position:absolute;font-family:&apos;Arial&apos;;left:365.5px;top:189px;">221 </div><div id="a8963" style="position:absolute;font-family:&apos;Arial&apos;;left:419.4px;top:189px;">121 </div><div id="a8965" style="position:absolute;font-family:&apos;Arial&apos;;left:464.6px;top:189px;">15,697 </div><div id="a8967" style="position:absolute;font-family:&apos;Arial&apos;;left:524.4px;top:189px;">1,382 </div><div id="a8969" style="position:absolute;font-family:&apos;Arial&apos;;left:587.5px;top:189px;">111 </div><div id="a8971" style="position:absolute;font-family:&apos;Arial&apos;;left:660.3px;top:189px;">0 </div><div id="a8973" style="position:absolute;font-family:&apos;Arial&apos;;left:694.7px;top:189px;">17,559 </div><div id="a8975" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:216.4px;">Revenues inter-segment </div><div id="a8980" style="position:absolute;font-family:&apos;Arial&apos;;left:295.6px;top:216.4px;">5,755 </div><div id="a8982" style="position:absolute;font-family:&apos;Arial&apos;;left:365.5px;top:216.4px;">805 </div><div id="a8984" style="position:absolute;font-family:&apos;Arial&apos;;left:419.4px;top:216.4px;">872 </div><div id="a8986" style="position:absolute;font-family:&apos;Arial&apos;;left:485.4px;top:216.4px;">84 </div><div id="a8988" style="position:absolute;font-family:&apos;Arial&apos;;left:545.2px;top:216.4px;">0 </div><div id="a8990" style="position:absolute;font-family:&apos;Arial&apos;;left:599.3px;top:216.4px;">1 </div><div id="a8992" style="position:absolute;font-family:&apos;Arial&apos;;left:636.5px;top:216.4px;">(7,517) </div><div id="a8994" style="position:absolute;font-family:&apos;Arial&apos;;left:721.4px;top:216.4px;">0 </div><div id="a8996" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:233.2px;">Net income/(loss) from equity accounted </div><div id="a8997" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:247.3px;">investments </div><div id="a8999" style="position:absolute;font-family:&apos;Arial&apos;;left:316.4px;top:247.3px;">0 </div><div id="a9001" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:247.3px;">23 </div><div id="a9003" style="position:absolute;font-family:&apos;Arial&apos;;left:431.3px;top:247.3px;">0 </div><div id="a9005" style="position:absolute;font-family:&apos;Arial&apos;;left:491.3px;top:247.3px;">8 </div><div id="a9007" style="position:absolute;font-family:&apos;Arial&apos;;left:542.2px;top:247.3px;">(1) </div><div id="a9009" style="position:absolute;font-family:&apos;Arial&apos;;left:599.3px;top:247.3px;">0 </div><div id="a9011" style="position:absolute;font-family:&apos;Arial&apos;;left:660.3px;top:247.3px;">0 </div><div id="a9013" style="position:absolute;font-family:&apos;Arial&apos;;left:715.5px;top:247.3px;">30 </div><div id="a9024" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:302.9px;">Total revenues and other income<div style="display:inline-block;width:3.1px">&#160;</div></div><div id="a9026" style="position:absolute;font-family:&apos;Arial&apos;;left:295.6px;top:302.9px;">5,783 </div><div id="a9028" style="position:absolute;font-family:&apos;Arial&apos;;left:356.5px;top:302.9px;">1,049 </div><div id="a9030" style="position:absolute;font-family:&apos;Arial&apos;;left:419.4px;top:302.9px;">993 </div><div id="a9032" style="position:absolute;font-family:&apos;Arial&apos;;left:464.6px;top:302.9px;">15,789 </div><div id="a9034" style="position:absolute;font-family:&apos;Arial&apos;;left:524.4px;top:302.9px;">1,381 </div><div id="a9036" style="position:absolute;font-family:&apos;Arial&apos;;left:587.5px;top:302.9px;">111 </div><div id="a9038" style="position:absolute;font-family:&apos;Arial&apos;;left:636.5px;top:302.9px;">(7,517) </div><div id="a9040" style="position:absolute;font-family:&apos;Arial&apos;;left:694.7px;top:302.9px;">17,589 </div><div id="a9051" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:358.5px;">Purchases [net of inventory variation] </div><div id="a9054" style="position:absolute;font-family:&apos;Arial&apos;;left:316.4px;top:358.5px;">0 </div><div id="a9056" style="position:absolute;font-family:&apos;Arial&apos;;left:368.2px;top:358.5px;">(29) </div><div id="a9058" style="position:absolute;font-family:&apos;Arial&apos;;left:428.2px;top:358.5px;">(0) </div><div id="a9060" style="position:absolute;font-family:&apos;Arial&apos;;left:461.5px;top:358.5px;">(14,176) </div><div id="a9062" style="position:absolute;font-family:&apos;Arial&apos;;left:545.2px;top:358.5px;">0 </div><div id="a9064" style="position:absolute;font-family:&apos;Arial&apos;;left:596.3px;top:358.5px;">(0) </div><div id="a9066" style="position:absolute;font-family:&apos;Arial&apos;;left:639.5px;top:358.5px;">7,040 </div><div id="a9068" style="position:absolute;font-family:&apos;Arial&apos;;left:697.6px;top:358.5px;">(7,166) </div><div id="a9070" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:385.9px;">Operating, selling, general and </div><div id="a9071" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:399.9px;">administrative expenses </div><div id="a9073" style="position:absolute;font-family:&apos;Arial&apos;;left:301.3px;top:399.9px;">(794) </div><div id="a9075" style="position:absolute;font-family:&apos;Arial&apos;;left:362.3px;top:399.9px;">(252) </div><div id="a9077" style="position:absolute;font-family:&apos;Arial&apos;;left:416.2px;top:399.9px;">(335) </div><div id="a9079" style="position:absolute;font-family:&apos;Arial&apos;;left:467.5px;top:399.9px;">(1,069) </div><div id="a9081" style="position:absolute;font-family:&apos;Arial&apos;;left:536.1px;top:399.9px;">(40) </div><div id="a9083" style="position:absolute;font-family:&apos;Arial&apos;;left:593.4px;top:399.9px;">54 </div><div id="a9085" style="position:absolute;font-family:&apos;Arial&apos;;left:648.5px;top:399.9px;">277 </div><div id="a9087" style="position:absolute;font-family:&apos;Arial&apos;;left:697.6px;top:399.9px;">(2,160) </div><div id="a9089" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:427.5px;">Depreciation, amortisation and net </div><div id="a9090" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:441.5px;">impairment losses </div><div id="a9092" style="position:absolute;font-family:&apos;Arial&apos;;left:292.5px;top:441.5px;">(1,570) </div><div id="a9094" style="position:absolute;font-family:&apos;Arial&apos;;left:362.3px;top:441.5px;">(400) </div><div id="a9096" style="position:absolute;font-family:&apos;Arial&apos;;left:416.2px;top:441.5px;">(436) </div><div id="a9098" style="position:absolute;font-family:&apos;Arial&apos;;left:476.3px;top:441.5px;">(152) </div><div id="a9100" style="position:absolute;font-family:&apos;Arial&apos;;left:542.2px;top:441.5px;">(0) </div><div id="a9102" style="position:absolute;font-family:&apos;Arial&apos;;left:584.3px;top:441.5px;">(240) </div><div id="a9104" style="position:absolute;font-family:&apos;Arial&apos;;left:660.3px;top:441.5px;">0 </div><div id="a9106" style="position:absolute;font-family:&apos;Arial&apos;;left:697.6px;top:441.5px;">(2,797) </div><div id="a9108" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:469.1px;">Exploration expenses </div><div id="a9110" style="position:absolute;font-family:&apos;Arial&apos;;left:307.3px;top:469.1px;">(70) </div><div id="a9112" style="position:absolute;font-family:&apos;Arial&apos;;left:362.3px;top:469.1px;">(107) </div><div id="a9114" style="position:absolute;font-family:&apos;Arial&apos;;left:422.1px;top:469.1px;">(70) </div><div id="a9116" style="position:absolute;font-family:&apos;Arial&apos;;left:491.3px;top:469.1px;">0 </div><div id="a9118" style="position:absolute;font-family:&apos;Arial&apos;;left:545.2px;top:469.1px;">0 </div><div id="a9120" style="position:absolute;font-family:&apos;Arial&apos;;left:599.3px;top:469.1px;">0 </div><div id="a9122" style="position:absolute;font-family:&apos;Arial&apos;;left:660.3px;top:469.1px;">0 </div><div id="a9124" style="position:absolute;font-family:&apos;Arial&apos;;left:706.4px;top:469.1px;">(247) </div><div id="a9135" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:513.2px;">Total operating expenses </div><div id="a9137" style="position:absolute;font-family:&apos;Arial&apos;;left:292.5px;top:513.2px;">(2,433) </div><div id="a9139" style="position:absolute;font-family:&apos;Arial&apos;;left:362.3px;top:513.2px;">(788) </div><div id="a9141" style="position:absolute;font-family:&apos;Arial&apos;;left:416.2px;top:513.2px;">(841) </div><div id="a9143" style="position:absolute;font-family:&apos;Arial&apos;;left:461.5px;top:513.2px;">(15,397) </div><div id="a9145" style="position:absolute;font-family:&apos;Arial&apos;;left:536.1px;top:513.2px;">(40) </div><div id="a9147" style="position:absolute;font-family:&apos;Arial&apos;;left:584.3px;top:513.2px;">(187) </div><div id="a9149" style="position:absolute;font-family:&apos;Arial&apos;;left:639.5px;top:513.2px;">7,317 </div><div id="a9151" style="position:absolute;font-family:&apos;Arial&apos;;left:691.7px;top:513.2px;">(12,369) </div><div id="a9162" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:546.8px;">Net operating income/(loss) </div><div id="a9164" style="position:absolute;font-family:&apos;Arial&apos;;left:295.6px;top:546.8px;">3,350 </div><div id="a9166" style="position:absolute;font-family:&apos;Arial&apos;;left:365.5px;top:546.8px;">261 </div><div id="a9168" style="position:absolute;font-family:&apos;Arial&apos;;left:419.4px;top:546.8px;">152 </div><div id="a9170" style="position:absolute;font-family:&apos;Arial&apos;;left:479.5px;top:546.8px;">392 </div><div id="a9172" style="position:absolute;font-family:&apos;Arial&apos;;left:524.4px;top:546.8px;">1,341 </div><div id="a9174" style="position:absolute;font-family:&apos;Arial&apos;;left:590.2px;top:546.8px;">(76) </div><div id="a9176" style="position:absolute;font-family:&apos;Arial&apos;;left:645.3px;top:546.8px;">(200) </div><div id="a9178" style="position:absolute;font-family:&apos;Arial&apos;;left:700.6px;top:546.8px;">5,220 </div><div id="a9189" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:580.4px;">Additions to PP&amp;E, intangibles and equity </div><div id="a9190" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:594.5px;">accounted investments </div><div id="a9192" style="position:absolute;font-family:&apos;Arial&apos;;left:295.6px;top:594.5px;">1,308 </div><div id="a9194" style="position:absolute;font-family:&apos;Arial&apos;;left:365.5px;top:594.5px;">396 </div><div id="a9196" style="position:absolute;font-family:&apos;Arial&apos;;left:419.4px;top:594.5px;">157 </div><div id="a9198" style="position:absolute;font-family:&apos;Arial&apos;;left:485.4px;top:594.5px;">38 </div><div id="a9200" style="position:absolute;font-family:&apos;Arial&apos;;left:533.4px;top:594.5px;">128 </div><div id="a9202" style="position:absolute;font-family:&apos;Arial&apos;;left:590.2px;top:594.5px;">(13) </div><div id="a9204" style="position:absolute;font-family:&apos;Arial&apos;;left:657.3px;top:594.5px;">(0) </div><div id="a9206" style="position:absolute;font-family:&apos;Arial&apos;;left:700.6px;top:594.5px;">2,014 </div><div id="a9217" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:639px;">Balance sheet information </div><div id="a9227" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:666.4px;">Equity accounted investments<div style="display:inline-block;width:2.1px">&#160;</div></div><div id="a9229" style="position:absolute;font-family:&apos;Arial&apos;;left:316.4px;top:666.4px;">3 </div><div id="a9231" style="position:absolute;font-family:&apos;Arial&apos;;left:356.5px;top:666.4px;">1,154 </div><div id="a9233" style="position:absolute;font-family:&apos;Arial&apos;;left:431.3px;top:666.4px;">0 </div><div id="a9235" style="position:absolute;font-family:&apos;Arial&apos;;left:485.4px;top:666.4px;">91 </div><div id="a9237" style="position:absolute;font-family:&apos;Arial&apos;;left:524.4px;top:666.4px;">1,097 </div><div id="a9239" style="position:absolute;font-family:&apos;Arial&apos;;left:593.4px;top:666.4px;">30 </div><div id="a9241" style="position:absolute;font-family:&apos;Arial&apos;;left:657.3px;top:666.4px;">(0) </div><div id="a9243" style="position:absolute;font-family:&apos;Arial&apos;;left:700.6px;top:666.4px;">2,374 </div><div id="a9245" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:693.9px;">Non-current segment assets<div style="display:inline-block;width:2.2px">&#160;</div></div><div id="a9249" style="position:absolute;font-family:&apos;Arial&apos;;left:289.7px;top:693.9px;">35,876 </div><div id="a9251" style="position:absolute;font-family:&apos;Arial&apos;;left:350.6px;top:693.9px;">17,553 </div><div id="a9253" style="position:absolute;font-family:&apos;Arial&apos;;left:404.5px;top:693.9px;">12,164 </div><div id="a9255" style="position:absolute;font-family:&apos;Arial&apos;;left:470.5px;top:693.9px;">4,053 </div><div id="a9257" style="position:absolute;font-family:&apos;Arial&apos;;left:539.3px;top:693.9px;">18 </div><div id="a9259" style="position:absolute;font-family:&apos;Arial&apos;;left:578.5px;top:693.9px;">3,892 </div><div id="a9261" style="position:absolute;font-family:&apos;Arial&apos;;left:660.3px;top:693.9px;">0 </div><div id="a9263" style="position:absolute;font-family:&apos;Arial&apos;;left:694.7px;top:693.9px;">73,556 </div><div id="a9265" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:721.3px;">Non-current assets not allocated to </div><div id="a9268" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:735.5px;">segments<div style="display:inline-block;width:5.7px">&#160;</div></div><div id="a9277" style="position:absolute;font-family:&apos;Arial&apos;;left:694.7px;top:735.5px;">12,586 </div><div id="a9288" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:791px;">Total non-current assets<div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a9299" style="position:absolute;font-family:&apos;Arial&apos;;left:694.7px;top:791px;">88,516 </div><div id="a9311" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:863.6px;">In the first quarter of 2022 Equinor recognised net impairment reversal of USD 266 million of which USD<div style="display:inline-block;width:1.7px">&#160;</div>832 million was impairment </div><div id="a9328" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:878.8px;">of equity accounted investments and USD 46 million was impairment of acquisition cost<div style="display:inline-block;width:1.8px">&#160;</div>and signature bonuses classified as </div><div id="a9342" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:894.1px;">exploration expenses. The line-item Exploration expenses in the Consolidated statement of income also includes impairment<div style="display:inline-block;width:1.7px">&#160;</div>of </div><div id="a9351" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:909.5px;">capitalised exploration well cost. For information regarding impairment of capitalised exploration well cost, see<div style="display:inline-block;width:1.8px">&#160;</div>note 6 Property, plant </div><div id="a9356" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:924.9px;">and equipment and intangible assets.</div><div id="a9359" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:955.6px;">In the E&amp;P Norway segment the impairment reversal were USD 817 million mainly caused by increased<div style="display:inline-block;width:1.9px">&#160;</div>short term commodity prices </div><div id="a9364" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:970.8px;">and changed gas export strategy.</div><div id="a9367" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:1001.5px;">In the E&amp;P International segment the impairments of USD 1,083 million were related to Equinor&#8217;s<div style="display:inline-block;width:1.7px">&#160;</div>decision to exit Russia. See note 3 </div><div id="a9377" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:1016.9px;">Acquisitions and disposals.</div></div>
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<div id="a9386" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>29 </div><div id="a9391" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:96.4px;">In the E&amp;P USA segment the net impairment reversal was USD 532 million in the E&amp;P<div style="display:inline-block;width:1.8px">&#160;</div>USA &#8211; offshore Gulf of Mexico. The impairment </div><div id="a9399" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:111.6px;">reversals were mainly caused by increased short term commodity prices. </div><div id="a9403" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:142.4px;">For information on group impairment losses and reversals, see note 6 Property, plant and equipment and intangible assets.</div></div>
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<div id="a9420" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>30 </div><div id="a9425" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:94.7px;">Non-current assets by country </div><div id="a9437" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:515.5px;top:117.7px;">At 31 March </div><div id="a9439" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:578.7px;top:117.7px;">At 31 December </div><div id="a9441" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:677.4px;top:117.7px;">At 31 March </div><div id="a9443" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:130.4px;">(in USD million) </div><div id="a9445" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:547.5px;top:130.4px;">2022 </div><div id="a9447" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:628.5px;top:130.4px;">2021 </div><div id="a9449" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:709.4px;top:130.4px;">2021 </div><div id="a9455" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:160.4px;">Norway </div><div id="a9457" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:531.6px;top:160.4px;">40,244 </div><div id="a9459" style="position:absolute;font-family:&apos;Arial&apos;;left:612.6px;top:160.4px;">40,564 </div><div id="a9461" style="position:absolute;font-family:&apos;Arial&apos;;left:693.6px;top:160.4px;">42,280 </div><div id="a9463" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:177.2px;">USA </div><div id="a9465" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:531.6px;top:177.2px;">12,564 </div><div id="a9467" style="position:absolute;font-family:&apos;Arial&apos;;left:612.6px;top:177.2px;">12,323 </div><div id="a9469" style="position:absolute;font-family:&apos;Arial&apos;;left:693.6px;top:177.2px;">13,047 </div><div id="a9471" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:194px;">Brazil </div><div id="a9473" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:537.5px;top:194px;">8,890 </div><div id="a9475" style="position:absolute;font-family:&apos;Arial&apos;;left:618.5px;top:194px;">8,751 </div><div id="a9477" style="position:absolute;font-family:&apos;Arial&apos;;left:699.5px;top:194px;">8,359 </div><div id="a9479" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:210.8px;">UK </div><div id="a9481" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:537.5px;top:210.8px;">2,022 </div><div id="a9483" style="position:absolute;font-family:&apos;Arial&apos;;left:618.5px;top:210.8px;">2,096 </div><div id="a9485" style="position:absolute;font-family:&apos;Arial&apos;;left:699.5px;top:210.8px;">4,331 </div><div id="a9487" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:227.6px;">Azerbaijan </div><div id="a9489" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:537.5px;top:227.6px;">1,633 </div><div id="a9491" style="position:absolute;font-family:&apos;Arial&apos;;left:618.5px;top:227.6px;">1,654 </div><div id="a9493" style="position:absolute;font-family:&apos;Arial&apos;;left:699.5px;top:227.6px;">1,692 </div><div id="a9495" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:244.4px;">Canada </div><div id="a9497" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:537.5px;top:244.4px;">1,385 </div><div id="a9499" style="position:absolute;font-family:&apos;Arial&apos;;left:618.5px;top:244.4px;">1,403 </div><div id="a9501" style="position:absolute;font-family:&apos;Arial&apos;;left:699.5px;top:244.4px;">1,480 </div><div id="a9503" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:261.2px;">Angola </div><div id="a9505" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:546.5px;top:261.2px;">954 </div><div id="a9507" style="position:absolute;font-family:&apos;Arial&apos;;left:627.5px;top:261.2px;">948 </div><div id="a9509" style="position:absolute;font-family:&apos;Arial&apos;;left:708.5px;top:261.2px;">942 </div><div id="a9511" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:278px;">Algeria </div><div id="a9513" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:546.5px;top:278px;">678 </div><div id="a9515" style="position:absolute;font-family:&apos;Arial&apos;;left:627.5px;top:278px;">708 </div><div id="a9517" style="position:absolute;font-family:&apos;Arial&apos;;left:708.5px;top:278px;">794 </div><div id="a9519" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:294.8px;">Denmark </div><div id="a9521" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:546.5px;top:294.8px;">522 </div><div id="a9523" style="position:absolute;font-family:&apos;Arial&apos;;left:627.5px;top:294.8px;">536 </div><div id="a9525" style="position:absolute;font-family:&apos;Arial&apos;;left:708.5px;top:294.8px;">918 </div><div id="a9527" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:311.6px;">Argentina </div><div id="a9529" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:546.5px;top:311.6px;">512 </div><div id="a9531" style="position:absolute;font-family:&apos;Arial&apos;;left:627.5px;top:311.6px;">474 </div><div id="a9533" style="position:absolute;font-family:&apos;Arial&apos;;left:708.5px;top:311.6px;">420 </div><div id="a9535" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:328.4px;">Other </div><div id="a9537" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:546.5px;top:328.4px;">505 </div><div id="a9539" style="position:absolute;font-family:&apos;Arial&apos;;left:618.5px;top:328.4px;">1,757 </div><div id="a9541" style="position:absolute;font-family:&apos;Arial&apos;;left:699.5px;top:328.4px;">1,667 </div><div id="a9547" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:362px;">Total non-current assets</div><div id="a9550" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:175.7px;top:361.7px;">1)</div><div id="a9552" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:531.6px;top:362px;">69,910 </div><div id="a9554" style="position:absolute;font-family:&apos;Arial&apos;;left:612.6px;top:362px;">71,213 </div><div id="a9556" style="position:absolute;font-family:&apos;Arial&apos;;left:693.6px;top:362px;">75,930 </div><div id="a9559" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:398.6px;">1)<div style="display:inline-block;width:13.9px">&#160;</div>Excluding deferred tax assets, pension assets and non-current financial assets </div><div id="a9566" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:443px;">Revenues from contracts with customers by geographical areas</div><div id="a9585" 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style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:714.5px;top:556.2px;">2021 </div><div id="a9634" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:609.9px;">Crude oil </div><div id="a9636" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:523.5px;top:609.9px;">15,034 </div><div id="a9638" style="position:absolute;font-family:&apos;Arial&apos;;left:578.5px;top:609.9px;">10,784 </div><div id="a9640" style="position:absolute;font-family:&apos;Arial&apos;;left:639.5px;top:609.9px;">8,714 </div><div id="a9643" style="position:absolute;font-family:&apos;Arial&apos;;left:701.6px;top:609.9px;">38,307 </div><div id="a9651" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:643.5px;">Natural gas </div><div id="a9653" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:523.5px;top:643.5px;">15,538 </div><div id="a9655" style="position:absolute;font-family:&apos;Arial&apos;;left:578.5px;top:643.5px;">15,199 </div><div id="a9657" style="position:absolute;font-family:&apos;Arial&apos;;left:639.5px;top:643.5px;">3,298 </div><div id="a9660" style="position:absolute;font-family:&apos;Arial&apos;;left:701.6px;top:643.5px;">28,050 </div><div id="a9662" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:659.5px;"><div style="display:inline-block;width:3px">&#160;</div>- European gas </div><div id="a9667" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:523.5px;top:659.5px;">14,350 </div><div id="a9669" style="position:absolute;font-family:&apos;Arial&apos;;left:578.5px;top:659.5px;">13,990 </div><div id="a9671" style="position:absolute;font-family:&apos;Arial&apos;;left:639.5px;top:659.5px;">2,661 </div><div id="a9674" style="position:absolute;font-family:&apos;Arial&apos;;left:701.6px;top:659.5px;">24,900 </div><div id="a9676" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:675.5px;"><div style="display:inline-block;width:3px">&#160;</div>- North American gas </div><div id="a9681" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:538.3px;top:675.5px;">621 </div><div id="a9683" style="position:absolute;font-family:&apos;Arial&apos;;left:593.4px;top:675.5px;">611 </div><div id="a9685" style="position:absolute;font-family:&apos;Arial&apos;;left:648.5px;top:675.5px;">422 </div><div id="a9688" style="position:absolute;font-family:&apos;Arial&apos;;left:707.5px;top:675.5px;">1,783 </div><div id="a9690" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:691.5px;"><div style="display:inline-block;width:3px">&#160;</div>- Other incl. Liquefied natural gas </div><div id="a9695" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:538.3px;top:691.5px;">567 </div><div id="a9697" style="position:absolute;font-family:&apos;Arial&apos;;left:593.4px;top:691.5px;">598 </div><div id="a9699" style="position:absolute;font-family:&apos;Arial&apos;;left:648.5px;top:691.5px;">216 </div><div id="a9702" style="position:absolute;font-family:&apos;Arial&apos;;left:707.5px;top:691.5px;">1,368 </div><div id="a9710" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:723.5px;">Refined products </div><div id="a9712" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:529.4px;top:723.5px;">2,904 </div><div id="a9714" style="position:absolute;font-family:&apos;Arial&apos;;left:584.4px;top:723.5px;">3,507 </div><div id="a9716" style="position:absolute;font-family:&apos;Arial&apos;;left:639.5px;top:723.5px;">2,373 </div><div id="a9719" style="position:absolute;font-family:&apos;Arial&apos;;left:701.6px;top:723.5px;">11,473 </div><div id="a9721" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:740.3px;">Natural gas liquids </div><div id="a9723" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:529.4px;top:740.3px;">2,576 </div><div id="a9725" style="position:absolute;font-family:&apos;Arial&apos;;left:584.4px;top:740.3px;">2,675 </div><div id="a9727" style="position:absolute;font-family:&apos;Arial&apos;;left:639.5px;top:740.3px;">1,910 </div><div id="a9730" style="position:absolute;font-family:&apos;Arial&apos;;left:707.5px;top:740.3px;">8,490 </div><div id="a9732" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:757.1px;">Transportation </div><div id="a9734" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:538.3px;top:757.1px;">282 </div><div id="a9736" style="position:absolute;font-family:&apos;Arial&apos;;left:593.4px;top:757.1px;">239 </div><div id="a9738" style="position:absolute;font-family:&apos;Arial&apos;;left:648.5px;top:757.1px;">256 </div><div id="a9741" style="position:absolute;font-family:&apos;Arial&apos;;left:716.5px;top:757.1px;">921 </div><div id="a9743" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:773.9px;">Other sales </div><div id="a9745" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:529.4px;top:773.9px;">1,117 </div><div id="a9747" style="position:absolute;font-family:&apos;Arial&apos;;left:593.4px;top:773.9px;">425 </div><div id="a9749" style="position:absolute;font-family:&apos;Arial&apos;;left:648.5px;top:773.9px;">112 </div><div id="a9752" style="position:absolute;font-family:&apos;Arial&apos;;left:707.5px;top:773.9px;">1,006 </div><div id="a9760" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:807.5px;">Revenues from contracts with customers </div><div id="a9762" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:523.5px;top:807.5px;">37,451 </div><div id="a9764" style="position:absolute;font-family:&apos;Arial&apos;;left:578.5px;top:807.5px;">32,828 </div><div id="a9766" style="position:absolute;font-family:&apos;Arial&apos;;left:633.6px;top:807.5px;">16,664 </div><div id="a9769" style="position:absolute;font-family:&apos;Arial&apos;;left:701.6px;top:807.5px;">88,247 </div><div id="a9777" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:841.3px;">Taxes paid in-kind </div><div id="a9781" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:538.3px;top:841.3px;">105 </div><div id="a9783" style="position:absolute;font-family:&apos;Arial&apos;;left:593.4px;top:841.3px;">105 </div><div id="a9785" style="position:absolute;font-family:&apos;Arial&apos;;left:654.4px;top:841.3px;">78 </div><div id="a9788" style="position:absolute;font-family:&apos;Arial&apos;;left:716.5px;top:841.3px;">345 </div><div id="a9790" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:858.1px;">Physically settled commodity derivatives </div><div id="a9792" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:526.3px;top:858.1px;">(1,348) </div><div id="a9794" style="position:absolute;font-family:&apos;Arial&apos;;left:581.4px;top:858.1px;">(1,453) </div><div id="a9796" style="position:absolute;font-family:&apos;Arial&apos;;left:645.3px;top:858.1px;">(159) </div><div id="a9799" style="position:absolute;font-family:&apos;Arial&apos;;left:704.5px;top:858.1px;">(1,075) </div><div id="a9801" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:874.9px;">Gain/(loss) on commodity derivatives </div><div id="a9803" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.1px;top:874.9px;">(220) </div><div id="a9805" style="position:absolute;font-family:&apos;Arial&apos;;left:593.4px;top:874.9px;">584 </div><div id="a9807" style="position:absolute;font-family:&apos;Arial&apos;;left:645.3px;top:874.9px;">(523) </div><div id="a9810" style="position:absolute;font-family:&apos;Arial&apos;;left:716.5px;top:874.9px;">951 </div><div id="a9812" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:891.7px;">Other revenues </div><div id="a9814" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:891.7px;">61 </div><div id="a9816" style="position:absolute;font-family:&apos;Arial&apos;;left:599.3px;top:891.7px;">61 </div><div id="a9818" style="position:absolute;font-family:&apos;Arial&apos;;left:654.4px;top:891.7px;">69 </div><div id="a9821" style="position:absolute;font-family:&apos;Arial&apos;;left:716.5px;top:891.7px;">276 </div><div id="a9823" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:909.1px;">Total other revenues </div><div id="a9825" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:526.3px;top:909.1px;">(1,401) </div><div id="a9827" style="position:absolute;font-family:&apos;Arial&apos;;left:590.2px;top:909.1px;">(703) </div><div id="a9829" style="position:absolute;font-family:&apos;Arial&apos;;left:645.3px;top:909.1px;">(536) </div><div id="a9832" style="position:absolute;font-family:&apos;Arial&apos;;left:716.5px;top:909.1px;">497 </div><div id="a9840" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:942.1px;">Revenues </div><div id="a9842" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:523.5px;top:942.1px;">36,050 </div><div id="a9844" style="position:absolute;font-family:&apos;Arial&apos;;left:578.5px;top:942.1px;">32,125 </div><div id="a9846" style="position:absolute;font-family:&apos;Arial&apos;;left:633.6px;top:942.1px;">16,129 </div><div id="a9849" style="position:absolute;font-family:&apos;Arial&apos;;left:701.6px;top:942.1px;">88,744 </div></div>
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<div id="a9853" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>31 </div><div id="a9858" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:93.3px;">3 Acquisitions and disposals<div style="display:inline-block;width:3.5px">&#160;</div></div><div id="a9865" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:127px;">Disposals</div><div id="a9868" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:142.4px;">10% of Dogger Bank C </div><div id="a9878" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:157.7px;">On 10 February 2022, Equinor closed the transaction with Eni to sell a 10% equity interest in<div style="display:inline-block;width:1.8px">&#160;</div>the Dogger Bank C project in the UK for </div><div id="a9931" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:173.1px;">a total consideration of GBP 68 million (USD 91 million), resulting in a gain of GBP 65 million<div style="display:inline-block;width:1.7px">&#160;</div>(USD 87 million).<div style="display:inline-block;width:2.8px">&#160;</div>After closing, the new </div><div id="a9986" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:188.4px;">overall shareholdings in Dogger Bank C are SSE Renewables (40%), Equinor (40%), and Eni<div style="display:inline-block;width:1.8px">&#160;</div>(20%). Equinor will continue to equity </div><div id="a10030" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:203.6px;">account for the remaining investment as a joint venture. The gain is presented in the line<div style="display:inline-block;width:1.8px">&#160;</div>item Other income in the Consolidated </div><div id="a10053" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:219px;">statement of income in the REN segment. </div><div id="a10059" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:249.7px;">Held for sale </div><div id="a10065" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:265.1px;">Equinor Energy Ireland Limited </div><div id="a10073" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:280.4px;">In the fourth quarter of 2021, Equinor entered into an agreement with Vermilion Energy Inc (Vermilion) to sell Equinor&#8217;s non-operated </div><div id="a10116" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:295.6px;">equity position in the Corrib gas project in Ireland. The transaction covers a sale of 100% of<div style="display:inline-block;width:1.9px">&#160;</div>the shares in Equinor Energy Ireland </div><div id="a10162" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:311px;">Limited (EEIL). EEIL owns 36.5% of the Corrib field alongside the operator Vermilion (20%) and Nephin Energy (43.5%). Equinor<div style="display:inline-block;width:1.7px">&#160;</div>and </div><div id="a10203" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:326.4px;">Vermilion have agreed a consideration of USD 434 million before closing adjustments and contingent consideration linked to 2022 </div><div id="a10232" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:341.7px;">production level and gas prices. The effective date for the transaction is 1 January 2022. Closing is expected<div style="display:inline-block;width:1.8px">&#160;</div>during 2022.</div><div id="a10237" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:372.5px;">Exit Russia</div><div id="a10241" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:387.7px;">Equinor has certain investments in Russia. Following Russia&#8217;s invasion of Ukraine, Equinor has announced that it<div style="display:inline-block;width:1.8px">&#160;</div>has decided to stop </div><div id="a10282" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:403px;">new investments in Russia and start the process of exiting Equinor&#8217;s joint<div style="display:inline-block;width:1.8px">&#160;</div>arrangements. Based on this decision, Equinor has </div><div id="a10320" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:418.4px;">evaluated its assets in Russia and recognised net impairments of USD 1,083 million in the<div style="display:inline-block;width:1.8px">&#160;</div>first quarter, of which USD 251 million is </div><div id="a10369" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:433.8px;">related to property, plant and equipment and intangible assets and USD 832 million is related to investments accounted for using the </div><div id="a10414" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:449.1px;">equity method. The impairments are net of contingent consideration from the time of acquiring the<div style="display:inline-block;width:1.7px">&#160;</div>assets. The impairments are </div><div id="a10452" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:464.5px;">recognised in the line items Depreciation, amortisation and net impairment losses and Exploration<div style="display:inline-block;width:1.8px">&#160;</div>expenses in the Consolidated </div><div id="a10486" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:479.7px;">statement of income based on the nature of the impaired assets and are reflected in the E&amp;P International<div style="display:inline-block;width:1.6px">&#160;</div>segment.</div><div id="a10527" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:510.4px;">Equinor has stopped trading in Russian oil. This means that Equinor will not enter into any new<div style="display:inline-block;width:1.8px">&#160;</div>trades or engage in new transport of </div><div id="a10577" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:525.8px;">oil and oil products from Russia. Equinor has assessed the accounting impact of certain commitments<div style="display:inline-block;width:1.8px">&#160;</div>arising from such contracts </div><div id="a10616" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:541.1px;">entered into prior to the invasion and deem the impact to be immaterial. </div><div id="a10646" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:590.3px;">4 Financial items<div style="display:inline-block;width:3.6px">&#160;</div></div><div id="a10649" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:582.2px;top:624.8px;">Quarters </div><div id="a10651" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:694.5px;top:624.8px;">Full year </div><div id="a10653" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:63.2px;top:650.3px;">(in USD million) </div><div id="a10655" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:536.1px;top:650.4px;">Q1 2022 </div><div id="a10657" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:590px;top:650.4px;">Q4 2021 </div><div id="a10659" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:644.1px;top:650.4px;">Q1 2021 </div><div id="a10661" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:712.1px;top:650.4px;">2021 </div><div id="a10668" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:679.3px;">Net foreign currency exchange gains/(losses) </div><div id="a10671" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547px;top:679.3px;">(284) </div><div id="a10673" style="position:absolute;font-family:&apos;Arial&apos;;left:606.8px;top:679.3px;">(68) </div><div id="a10675" style="position:absolute;font-family:&apos;Arial&apos;;left:664.1px;top:679.3px;">70 </div><div id="a10677" style="position:absolute;font-family:&apos;Arial&apos;;left:717.1px;top:679.3px;">47 </div><div id="a10679" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:696.1px;">Interest income and other financial items </div><div id="a10681" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:550.2px;top:696.1px;">114 </div><div id="a10683" style="position:absolute;font-family:&apos;Arial&apos;;left:610px;top:696.1px;">37 </div><div id="a10685" style="position:absolute;font-family:&apos;Arial&apos;;left:664.1px;top:696.1px;">45 </div><div id="a10687" style="position:absolute;font-family:&apos;Arial&apos;;left:711.2px;top:696.1px;">152 </div><div id="a10689" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:712.9px;">Gains/(losses) on financial investments </div><div id="a10691" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547px;top:712.9px;">(134) </div><div id="a10693" style="position:absolute;font-family:&apos;Arial&apos;;left:606.8px;top:712.9px;">(16) </div><div id="a10695" style="position:absolute;font-family:&apos;Arial&apos;;left:655px;top:712.9px;">(150) </div><div id="a10697" style="position:absolute;font-family:&apos;Arial&apos;;left:708px;top:712.9px;">(348) </div><div id="a10699" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:729.9px;">Gains/(losses) other derivative financial instruments<div style="display:inline-block;width:1.6px">&#160;</div></div><div id="a10701" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547px;top:729.9px;">(599) </div><div id="a10703" style="position:absolute;font-family:&apos;Arial&apos;;left:606.8px;top:729.9px;">(96) </div><div id="a10705" style="position:absolute;font-family:&apos;Arial&apos;;left:655px;top:729.9px;">(360) </div><div id="a10707" style="position:absolute;font-family:&apos;Arial&apos;;left:708px;top:729.9px;">(708) </div><div id="a10709" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:746.7px;">Interest and other finance expenses </div><div id="a10711" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547px;top:746.7px;">(266) </div><div id="a10713" style="position:absolute;font-family:&apos;Arial&apos;;left:600.9px;top:746.7px;">(299) </div><div id="a10715" style="position:absolute;font-family:&apos;Arial&apos;;left:655px;top:746.7px;">(312) </div><div id="a10717" style="position:absolute;font-family:&apos;Arial&apos;;left:699.2px;top:746.7px;">(1,223) </div><div id="a10724" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:780.5px;">Net financial items </div><div id="a10726" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:538.2px;top:780.5px;">(1,169) </div><div id="a10728" style="position:absolute;font-family:&apos;Arial&apos;;left:600.9px;top:780.5px;">(443) </div><div id="a10730" style="position:absolute;font-family:&apos;Arial&apos;;left:655px;top:780.5px;">(707) </div><div id="a10732" style="position:absolute;font-family:&apos;Arial&apos;;left:699.2px;top:780.5px;">(2,080) </div><div id="a10735" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:829px;">Equinor has a US Commercial paper programme available with a limit of USD 5 billion. USD<div style="display:inline-block;width:1.8px">&#160;</div>1,305 million has been utilised as of 31 </div><div id="a10784" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:844.4px;">March 2022, compared to USD 2,600 million utilised as of 31 December 2021.</div></div>
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<div id="a10815" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>32 </div><div id="a10820" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:97px;">5 Income taxes </div><div id="a10823" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:582.2px;top:133.2px;">Quarters </div><div id="a10825" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:695.5px;top:133.2px;">Full year </div><div id="a10827" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:63.2px;top:158.7px;">(in USD million) </div><div id="a10829" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:536.1px;top:158.8px;">Q1 2022 </div><div id="a10831" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:590px;top:158.8px;">Q4 2021 </div><div id="a10833" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:644.1px;top:158.8px;">Q1 2021 </div><div id="a10835" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:713.1px;top:158.8px;">2021 </div><div id="a10842" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:189.5px;">Income/(loss) before tax </div><div id="a10844" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.3px;top:189.5px;">17,223 </div><div id="a10846" style="position:absolute;font-family:&apos;Arial&apos;;left:589.2px;top:189.5px;">13,135 </div><div id="a10848" style="position:absolute;font-family:&apos;Arial&apos;;left:649.3px;top:189.5px;">4,513 </div><div id="a10850" style="position:absolute;font-family:&apos;Arial&apos;;left:697.3px;top:189.5px;">31,583 </div><div id="a10852" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:206.3px;">Income tax </div><div id="a10854" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:532.3px;top:206.3px;">(12,509) </div><div id="a10856" style="position:absolute;font-family:&apos;Arial&apos;;left:592.1px;top:206.3px;">(9,765) </div><div id="a10858" style="position:absolute;font-family:&apos;Arial&apos;;left:646.2px;top:206.3px;">(2,659) </div><div id="a10860" style="position:absolute;font-family:&apos;Arial&apos;;left:694.2px;top:206.3px;">(23,007) </div><div id="a10862" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:223.1px;">Effective tax rate </div><div id="a10864" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:541.7px;top:223.1px;">72.6% </div><div id="a10866" style="position:absolute;font-family:&apos;Arial&apos;;left:595.6px;top:223.1px;">74.3% </div><div id="a10868" style="position:absolute;font-family:&apos;Arial&apos;;left:649.7px;top:223.1px;">58.9% </div><div id="a10870" style="position:absolute;font-family:&apos;Arial&apos;;left:703.7px;top:223.1px;">72.8% </div><div id="a10873" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:272.8px;">The tax rate for the first quarter of 2022 was primarily influenced by high share of operating income<div style="display:inline-block;width:1.7px">&#160;</div>from the Norwegian continental </div><div id="a10917" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:288.1px;">shelf and losses including impairments recognised in countries with lower effective tax rates, partially offset by positive income in </div><div id="a10955" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:303.5px;">countries with unrecognised deferred tax assets. 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style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:463.5px;">(in USD million) </div><div id="a11063" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:582.3px;top:451px;">Property, plant and </div><div id="a11064" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:620.1px;top:463.5px;">equipment </div><div id="a11066" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:684.3px;top:451px;">Intangible </div><div id="a11067" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:699.2px;top:463.5px;">assets </div><div id="a11074" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:505.9px;">Carrying amount at 31 December 2021 </div><div id="a11076" style="position:absolute;font-family:&apos;Arial&apos;;left:630.7px;top:505.9px;">62,075 </div><div id="a11078" style="position:absolute;font-family:&apos;Arial&apos;;left:697.6px;top:505.9px;">6,452 </div><div id="a11081" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:522.7px;">Additions<div style="display:inline-block;width:2.8px">&#160;</div></div><div id="a11083" style="position:absolute;font-family:&apos;Arial&apos;;left:645.6px;top:522.7px;">571 </div><div id="a11085" style="position:absolute;font-family:&apos;Arial&apos;;left:712.5px;top:522.7px;">79 </div><div id="a11088" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:539.5px;">Transfers<div style="display:inline-block;width:3.2px">&#160;</div></div><div id="a11090" style="position:absolute;font-family:&apos;Arial&apos;;left:645.6px;top:539.5px;">731 </div><div id="a11092" style="position:absolute;font-family:&apos;Arial&apos;;left:703.3px;top:539.5px;">(731) </div><div id="a11095" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:556.3px;">Disposals and 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id="a11113" style="position:absolute;font-family:&apos;Arial&apos;;left:709.3px;top:589.9px;">(73) </div><div id="a11116" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:606.7px;">Depreciation, amortisation and net impairment losses </div><div id="a11118" style="position:absolute;font-family:&apos;Arial&apos;;left:633.6px;top:606.7px;">(1,180) </div><div id="a11120" style="position:absolute;font-family:&apos;Arial&apos;;left:715.3px;top:606.7px;">(6) </div><div id="a11123" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:623.5px;">Foreign currency translation effects </div><div id="a11125" style="position:absolute;font-family:&apos;Arial&apos;;left:645.6px;top:623.5px;">272 </div><div id="a11127" style="position:absolute;font-family:&apos;Arial&apos;;left:718.4px;top:623.5px;">3 </div><div id="a11134" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:657.1px;">Carrying amount at 31 March 2022 </div><div id="a11136" style="position:absolute;font-family:&apos;Arial&apos;;left:630.7px;top:657.1px;">62,475 </div><div id="a11138" style="position:absolute;font-family:&apos;Arial&apos;;left:697.6px;top:657.1px;">5,725 </div><div id="a11149" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:709.5px;">Net impairments/(reversal) of impairments </div><div id="a11159" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:724.8px;">For information on impairment losses and reversals per reporting segment, see note 2 Segments<div style="display:inline-block;width:1.8px">&#160;</div>and note 3 Acquisitions and </div><div id="a11160" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:740.2px;">disposals.</div><div id="a11162" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:774.1px;">First quarter </div><div id="a11164" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:374.3px;top:767.9px;">Property, plant and </div><div id="a11165" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:412.1px;top:780.3px;">equipment </div><div id="a11168" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:519.6px;top:780.3px;">Intangible assets </div><div id="a11170" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:647px;top:780.3px;"><div style="display:inline-block;width:15.4px">&#160;</div>Total </div><div id="a11173" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:805.9px;">(in USD million) </div><div id="a11175" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:384.4px;top:805.9px;">2022 </div><div id="a11177" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:438.3px;top:805.9px;">2021 </div><div id="a11179" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:520.4px;top:805.9px;">2022 </div><div id="a11181" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:574.3px;top:805.9px;">2021 </div><div id="a11183" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:656.5px;top:805.9px;">2022 </div><div id="a11185" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:710.4px;top:805.9px;">2021 </div><div id="a11194" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:847.9px;">Producing and development assets </div><div id="a11196" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:847.9px;">(1,144) </div><div id="a11198" style="position:absolute;font-family:&apos;Arial&apos;;left:441.4px;top:847.9px;">410 </div><div id="a11200" style="position:absolute;font-family:&apos;Arial&apos;;left:535.3px;top:847.9px;">0 </div><div id="a11202" style="position:absolute;font-family:&apos;Arial&apos;;left:583.3px;top:847.9px;">12 </div><div id="a11204" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:847.9px;">(1,144) </div><div id="a11206" style="position:absolute;font-family:&apos;Arial&apos;;left:713.4px;top:847.9px;">423 </div><div id="a11208" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:864.7px;">Goodwill </div><div id="a11210" style="position:absolute;font-family:&apos;Arial&apos;;left:397.7px;top:864.7px;">- </div><div id="a11212" style="position:absolute;font-family:&apos;Arial&apos;;left:451.6px;top:864.7px;">- </div><div id="a11214" style="position:absolute;font-family:&apos;Arial&apos;;left:535.3px;top:864.7px;">0 </div><div id="a11216" style="position:absolute;font-family:&apos;Arial&apos;;left:589.2px;top:864.7px;">1 </div><div id="a11218" style="position:absolute;font-family:&apos;Arial&apos;;left:671.3px;top:864.7px;">0 </div><div id="a11220" style="position:absolute;font-family:&apos;Arial&apos;;left:725.3px;top:864.7px;">1 </div><div id="a11222" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:881.5px;">Acquisition costs related to oil and gas prospects </div><div id="a11224" style="position:absolute;font-family:&apos;Arial&apos;;left:397.7px;top:881.5px;">- </div><div id="a11226" style="position:absolute;font-family:&apos;Arial&apos;;left:451.6px;top:881.5px;">- </div><div id="a11228" style="position:absolute;font-family:&apos;Arial&apos;;left:529.4px;top:881.5px;">46 </div><div id="a11230" style="position:absolute;font-family:&apos;Arial&apos;;left:589.2px;top:881.5px;">4 </div><div id="a11232" style="position:absolute;font-family:&apos;Arial&apos;;left:665.4px;top:881.5px;">46 </div><div id="a11234" style="position:absolute;font-family:&apos;Arial&apos;;left:725.3px;top:881.5px;">4 </div><div id="a11243" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:926.4px;">Total net impairment loss/(reversal) recognised </div><div id="a11245" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:926.4px;">(1,144) </div><div id="a11247" style="position:absolute;font-family:&apos;Arial&apos;;left:441.4px;top:926.4px;">410 </div><div id="a11249" style="position:absolute;font-family:&apos;Arial&apos;;left:529.4px;top:926.4px;">46 </div><div id="a11251" style="position:absolute;font-family:&apos;Arial&apos;;left:583.3px;top:926.4px;">18 </div><div id="a11253" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:926.4px;">(1,098) </div><div id="a11255" style="position:absolute;font-family:&apos;Arial&apos;;left:713.4px;top:926.4px;">428 </div><div id="a11259" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:986.1px;">The net impairments have been recognised in the Consolidated statement of income as Depreciation,<div style="display:inline-block;width:1.8px">&#160;</div>amortisation and net </div><div id="a11293" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:1001.5px;">impairment losses and Exploration expenses based on the impaired assets&#8217; nature of property, plant and equipment and intangible </div><div id="a11329" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:1016.7px;">assets, respectively.<div style="display:inline-block;width:3.7px">&#160;</div></div></div>
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<div id="a11338" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>33 </div><div id="a11343" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:96.4px;">The recoverable amounts in the first quarter of 2022 were based on value in use except for the Russian<div style="display:inline-block;width:1.7px">&#160;</div>assets, see note 3 </div><div id="a11389" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:111.6px;">Acquisitions and disposals.<div style="display:inline-block;width:2.8px">&#160;</div></div><div id="a11397" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:142.4px;">Value in use estimates and discounted cash flows used to determine the recoverable amount of assets tested for impairment are </div><div id="a11438" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:157.7px;">based on internal forecasts on costs, production profiles and commodity prices.<div style="display:inline-block;width:8.5px">&#160;</div></div><div id="a11461" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:185.9px;">7 Provisions, commitments, contingent liabilities and contingent<div style="display:inline-block;width:2.6px">&#160;</div>assets </div><div id="a11464" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:209.1px;">Asset retirement obligation</div><div id="a11466" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:224.4px;">Equinor's estimated asset retirement obligations (ARO) have decreased by USD 1,407 million to USD<div style="display:inline-block;width:1.9px">&#160;</div>16,010 million compared to </div><div id="a11503" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:239.6px;">year-end 2021, mainly due to increased discount rates. Changes in ARO are reflected within<div style="display:inline-block;width:1.7px">&#160;</div>Property, plant and equipment and </div><div id="a11544" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:255px;">Provisions and other liabilities in the Consolidated balance sheet.</div><div id="a11564" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:285.7px;">Litigation and claims</div><div id="a11566" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:301.1px;">During the normal course of its business, Equinor is involved in legal and other proceedings,<div style="display:inline-block;width:1.8px">&#160;</div>and several unresolved claims are </div><div id="a11568" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:316.4px;">currently outstanding. The ultimate liability or asset in respect of such litigation and claims<div style="display:inline-block;width:1.8px">&#160;</div>cannot be determined at this time. Equinor </div><div id="a11573" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:331.6px;">has provided in its Condensed interim financial statements for probable liabilities related to litigation<div style="display:inline-block;width:1.7px">&#160;</div>and claims based on the </div><div id="a11577" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:347px;">company's best judgement. Equinor does not expect that its financial position, results of operations or cash<div style="display:inline-block;width:1.7px">&#160;</div>flows will be materially </div><div id="a11580" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:362.4px;">affected by the resolution of these legal proceedings.</div><div id="a11584" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:411.6px;">8 Capital distribution </div><div id="a11591" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:449.1px;">In February 2022, Equinor launched the first tranche of USD 1 billion of the share buy-back programme<div style="display:inline-block;width:1.8px">&#160;</div>for 2022, totaling up to USD 5 </div><div id="a11641" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:464.5px;">billion. For the first tranche Equinor entered into an irrevocable agreement with a third party for<div style="display:inline-block;width:1.8px">&#160;</div>up to USD 330 million of shares to be </div><div id="a11692" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:479.8px;">purchased in the market, while up to USD 670 million of shares from the Norwegian State will<div style="display:inline-block;width:1.6px">&#160;</div>in accordance with an agreement with </div><div id="a11738" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:495.2px;">the Ministry of Petroleum and Energy be redeemed at the annual general meeting in May 2022<div style="display:inline-block;width:1.8px">&#160;</div>in order for the Norwegian State to </div><div id="a11785" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:510.6px;">maintain its ownership percentage in Equinor. As of 31 March 2022, the USD 330 million order has been acquired in the open market </div><div id="a11831" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:525.9px;">and the full amount has been settled.<div style="display:inline-block;width:2.6px">&#160;</div></div><div id="a11847" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:556.5px;">On 3 May 2022, the board of directors resolved to declare a cash dividend for the first quarter of 2022 of USD<div style="display:inline-block;width:1.8px">&#160;</div>0.20 per share and an </div><div id="a11903" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:571.8px;">extraordinary cash dividend of USD 0.20 per share. The Equinor shares will be traded ex-dividend<div style="display:inline-block;width:1.7px">&#160;</div>11 August 2022 on the Oslo B&#248;rs </div><div id="a11951" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:587.2px;">and for ADR holders on the New York Stock Exchange. Record date will be 12 August 2022 and payment date will be 26 August </div><div id="a12000" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:602.6px;">2022.</div><div id="a12003" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:633.1px;">On 3 May 2022, the board of directors resolved the commencement of the second tranche of the<div style="display:inline-block;width:1.8px">&#160;</div>share buy-back programme for 2022 </div><div id="a12016" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:648.5px;">of a total of around USD 1.33 billion, including shares to be redeemed from the Norwegian<div style="display:inline-block;width:1.9px">&#160;</div>State (subject to annual general meeting </div><div id="a12022" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:663.9px;">approval). The second tranche will end no later than 26 July 2022.</div><div id="a12035" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:718.5px;">9 Subsequent events </div><div id="a12038" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:751.2px;">As part of the ongoing management of Equinor&#8217;s portfolio on the Norwegian<div style="display:inline-block;width:1.9px">&#160;</div>Continental Shelf (NCS), Equinor has minor interests that </div><div id="a12040" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:766.6px;">have met the requirements for held for sale after the reporting period. During the period from<div style="display:inline-block;width:1.8px">&#160;</div>the end of March and up to the date </div><div id="a12042" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:781.9px;">when these financial statements were authorised for issue, the uncertainty related to an ongoing<div style="display:inline-block;width:1.7px">&#160;</div>process of divesting these interests </div><div id="a12045" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:797.3px;">through a sales transaction has been significantly reduced. The interests are included in the<div style="display:inline-block;width:1.9px">&#160;</div>E&amp;P Norway segment.</div></div>
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<div id="a12050" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>34 </div><div id="a12055" style="position:absolute;font-family:&apos;Arial&apos;;font-size:32px;font-weight:bold;left:60.5px;top:95.2px;">Supplementary disclosures </div><div id="a12058" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:149.9px;">Operational data </div><div id="a12068" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:577.9px;top:173.7px;">Quarters </div><div id="a12070" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:694.1px;top:173.7px;">Change </div><div id="a12072" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:60.5px;top:187.7px;">Operational data </div><div id="a12074" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:530.3px;top:187.8px;">Q1 2022 </div><div id="a12076" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:584.4px;top:187.8px;">Q4 2021 </div><div id="a12078" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:638.4px;top:187.8px;">Q1 2021 </div><div id="a12080" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:686.9px;top:187.8px;">Q1 on Q1 </div><div id="a12087" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:60.5px;top:216.5px;">Prices </div><div id="a12093" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:233.3px;">Average Brent oil price (USD/bbl) </div><div id="a12095" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:233.3px;">101.4 </div><div id="a12097" style="position:absolute;font-family:&apos;Arial&apos;;left:595.5px;top:233.3px;">79.7 </div><div id="a12099" style="position:absolute;font-family:&apos;Arial&apos;;left:649.4px;top:233.3px;">60.9 </div><div id="a12101" style="position:absolute;font-family:&apos;Arial&apos;;left:707px;top:233.3px;">67% </div><div id="a12103" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:260.9px;">E&amp;P Norway average liquids price (USD/bbl) </div><div id="a12106" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:260.9px;">100.3 </div><div id="a12108" style="position:absolute;font-family:&apos;Arial&apos;;left:595.5px;top:260.9px;">77.7 </div><div id="a12110" style="position:absolute;font-family:&apos;Arial&apos;;left:649.4px;top:260.9px;">57.3 </div><div id="a12112" style="position:absolute;font-family:&apos;Arial&apos;;left:707px;top:260.9px;">75% </div><div id="a12114" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:288.2px;">E&amp;P International average liquids price (USD/bbl) </div><div id="a12116" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:541.4px;top:288.2px;">96.3 </div><div id="a12118" style="position:absolute;font-family:&apos;Arial&apos;;left:595.5px;top:288.2px;">76.1 </div><div id="a12120" style="position:absolute;font-family:&apos;Arial&apos;;left:649.4px;top:288.2px;">58.6 </div><div id="a12122" style="position:absolute;font-family:&apos;Arial&apos;;left:707px;top:288.2px;">64% </div><div id="a12124" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:315.7px;">E&amp;P USA average liquids price (USD/bbl) </div><div id="a12126" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:541.4px;top:315.7px;">82.5 </div><div id="a12128" style="position:absolute;font-family:&apos;Arial&apos;;left:595.5px;top:315.7px;">67.5 </div><div id="a12130" style="position:absolute;font-family:&apos;Arial&apos;;left:649.4px;top:315.7px;">50.5 </div><div id="a12132" style="position:absolute;font-family:&apos;Arial&apos;;left:707px;top:315.7px;">63% </div><div id="a12134" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:343.1px;">Group average liquids price (USD/bbl) [1] </div><div id="a12136" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:541.4px;top:343.1px;">97.1 </div><div id="a12138" style="position:absolute;font-family:&apos;Arial&apos;;left:595.5px;top:343.1px;">75.9 </div><div id="a12140" style="position:absolute;font-family:&apos;Arial&apos;;left:649.4px;top:343.1px;">56.4 </div><div id="a12142" style="position:absolute;font-family:&apos;Arial&apos;;left:707px;top:343.1px;">72% </div><div id="a12144" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:370.7px;">Group average liquids price (NOK/bbl) [1] </div><div id="a12147" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:370.7px;">859 </div><div id="a12149" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:370.7px;">663 </div><div id="a12151" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:370.7px;">480 </div><div id="a12153" style="position:absolute;font-family:&apos;Arial&apos;;left:707px;top:370.7px;">79% </div><div id="a12155" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:398px;">E&amp;P Norway average internal gas price (USD/mmbtu)<div style="display:inline-block;width:1.5px">&#160;</div>[9] </div><div id="a12157" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:398px;">29.77 </div><div id="a12159" style="position:absolute;font-family:&apos;Arial&apos;;left:589.5px;top:398px;">28.52 </div><div id="a12161" style="position:absolute;font-family:&apos;Arial&apos;;left:649.4px;top:398px;">5.46 </div><div 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style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:452.9px;">29.60 </div><div id="a12182" style="position:absolute;font-family:&apos;Arial&apos;;left:589.5px;top:452.9px;">28.76 </div><div id="a12184" style="position:absolute;font-family:&apos;Arial&apos;;left:649.4px;top:452.9px;">6.65 </div><div id="a12186" style="position:absolute;font-family:&apos;Arial&apos;;left:694.9px;top:452.9px;">&gt;100% </div><div id="a12188" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:480.3px;">Average invoiced gas prices - North America (USD/mmbtu)<div style="display:inline-block;width:1.5px">&#160;</div>[8] </div><div id="a12193" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:541.4px;top:480.3px;">4.62 </div><div id="a12195" style="position:absolute;font-family:&apos;Arial&apos;;left:595.5px;top:480.3px;">4.97 </div><div id="a12197" style="position:absolute;font-family:&apos;Arial&apos;;left:649.4px;top:480.3px;">2.71 </div><div id="a12199" style="position:absolute;font-family:&apos;Arial&apos;;left:707px;top:480.3px;">70% </div><div id="a12201" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:507.8px;">Refining reference margin (USD/bbl) [2] </div><div id="a12203" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.3px;top:507.8px;">5.8 </div><div id="a12205" style="position:absolute;font-family:&apos;Arial&apos;;left:601.4px;top:507.8px;">6.0 </div><div id="a12207" style="position:absolute;font-family:&apos;Arial&apos;;left:655.3px;top:507.8px;">1.5 </div><div id="a12209" style="position:absolute;font-family:&apos;Arial&apos;;left:694.9px;top:507.8px;">&gt;100% </div><div id="a12216" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:60.5px;top:562.7px;">Entitlement production (mboe per day) </div><div id="a12222" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:590px;">E&amp;P Norway entitlement liquids production </div><div id="a12225" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:590px;">638 </div><div id="a12227" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:590px;">656 </div><div id="a12229" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:590px;">662 </div><div id="a12231" style="position:absolute;font-family:&apos;Arial&apos;;left:705.7px;top:590px;">(4%) </div><div id="a12233" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:617.6px;">E&amp;P International entitlement liquids production </div><div id="a12235" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:617.6px;">201 </div><div id="a12237" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:617.6px;">200 </div><div id="a12239" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:617.6px;">212 </div><div id="a12241" style="position:absolute;font-family:&apos;Arial&apos;;left:705.7px;top:617.6px;">(5%) </div><div id="a12243" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:644.9px;">E&amp;P USA entitlement liquids production </div><div id="a12245" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:644.9px;">114 </div><div id="a12247" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:644.9px;">127 </div><div id="a12249" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:644.9px;">150 </div><div id="a12251" style="position:absolute;font-family:&apos;Arial&apos;;left:699.8px;top:644.9px;">(24%) </div><div id="a12253" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:672.5px;">Group entitlement liquids production </div><div id="a12255" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:672.5px;">953 </div><div id="a12257" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:672.5px;">983 </div><div id="a12259" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:672.5px;">1,024 </div><div id="a12261" style="position:absolute;font-family:&apos;Arial&apos;;left:705.7px;top:672.5px;">(7%) </div><div id="a12263" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:699.8px;">E&amp;P Norway entitlement gas production </div><div id="a12266" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:699.8px;">798 </div><div id="a12268" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:699.8px;">813 </div><div id="a12270" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:699.8px;">723 </div><div id="a12272" style="position:absolute;font-family:&apos;Arial&apos;;left:707px;top:699.8px;">10% </div><div id="a12274" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:727.3px;">E&amp;P International entitlement gas production </div><div id="a12276" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:550.3px;top:727.3px;">37 </div><div id="a12278" style="position:absolute;font-family:&apos;Arial&apos;;left:604.4px;top:727.3px;">38 </div><div id="a12280" style="position:absolute;font-family:&apos;Arial&apos;;left:658.4px;top:727.3px;">55 </div><div id="a12282" style="position:absolute;font-family:&apos;Arial&apos;;left:699.8px;top:727.3px;">(33%) </div><div id="a12284" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:754.7px;">E&amp;P USA entitlement gas production </div><div id="a12286" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:754.7px;">170 </div><div id="a12288" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:754.7px;">179 </div><div id="a12290" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:754.7px;">212 </div><div id="a12292" style="position:absolute;font-family:&apos;Arial&apos;;left:699.8px;top:754.7px;">(20%) </div><div id="a12294" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:782.2px;">Group entitlement gas production </div><div id="a12296" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:782.2px;">1,005 </div><div id="a12298" style="position:absolute;font-family:&apos;Arial&apos;;left:589.5px;top:782.2px;">1,029 </div><div id="a12300" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:782.2px;">990 </div><div id="a12302" style="position:absolute;font-family:&apos;Arial&apos;;left:712.9px;top:782.2px;">2% </div><div id="a12304" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:809.6px;">Total entitlement liquids and gas production [3] </div><div id="a12306" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:809.6px;">1,958 </div><div id="a12308" style="position:absolute;font-family:&apos;Arial&apos;;left:589.5px;top:809.6px;">2,012 </div><div id="a12310" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:809.6px;">2,014 </div><div id="a12312" style="position:absolute;font-family:&apos;Arial&apos;;left:705.7px;top:809.6px;">(3%) </div><div id="a12319" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:60.5px;top:875.2px;">Equity production (mboe per day) </div><div id="a12325" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:902.6px;">E&amp;P Norway equity liquids production </div><div id="a12327" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:902.6px;">638 </div><div id="a12329" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:902.6px;">656 </div><div id="a12331" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:902.6px;">662 </div><div id="a12333" style="position:absolute;font-family:&apos;Arial&apos;;left:705.7px;top:902.6px;">(4%) </div><div id="a12335" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:929.9px;">E&amp;P International equity liquids production </div><div id="a12337" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:929.9px;">287 </div><div id="a12339" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:929.9px;">283 </div><div id="a12341" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:929.9px;">299 </div><div id="a12343" style="position:absolute;font-family:&apos;Arial&apos;;left:705.7px;top:929.9px;">(4%) </div><div id="a12345" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:957.5px;">E&amp;P USA equity liquids production </div><div id="a12347" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:957.5px;">127 </div><div id="a12349" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:957.5px;">137 </div><div id="a12351" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:957.5px;">169 </div><div id="a12353" style="position:absolute;font-family:&apos;Arial&apos;;left:699.8px;top:957.5px;">(25%) </div><div id="a12355" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:984.8px;">Group equity liquids production </div><div id="a12358" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:984.8px;">1,051 </div><div id="a12360" style="position:absolute;font-family:&apos;Arial&apos;;left:589.5px;top:984.8px;">1,076 </div><div id="a12362" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:984.8px;">1,130 </div><div id="a12364" style="position:absolute;font-family:&apos;Arial&apos;;left:705.7px;top:984.8px;">(7%) </div><div id="a12366" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:1012.3px;">E&amp;P Norway equity gas production </div><div id="a12368" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:1012.3px;">798 </div><div id="a12370" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:1012.3px;">813 </div><div id="a12372" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:1012.3px;">723 </div><div id="a12374" style="position:absolute;font-family:&apos;Arial&apos;;left:707px;top:1012.3px;">10% </div></div>
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<div id="a12378" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>35 </div><div id="a12383" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:94.8px;">E&amp;P International equity gas production </div><div id="a12385" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:550.3px;top:94.8px;">54 </div><div id="a12387" style="position:absolute;font-family:&apos;Arial&apos;;left:604.4px;top:94.8px;">56 </div><div id="a12389" style="position:absolute;font-family:&apos;Arial&apos;;left:658.4px;top:94.8px;">61 </div><div id="a12391" style="position:absolute;font-family:&apos;Arial&apos;;left:699.8px;top:94.8px;">(12%) </div><div id="a12393" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:122.2px;">E&amp;P USA equity gas production </div><div id="a12395" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:122.2px;">203 </div><div id="a12397" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:122.2px;">213 </div><div id="a12399" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:122.2px;">254 </div><div id="a12401" style="position:absolute;font-family:&apos;Arial&apos;;left:699.8px;top:122.2px;">(20%) </div><div id="a12403" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:149.7px;">Group equity gas production </div><div id="a12405" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:149.7px;">1,055 </div><div id="a12407" style="position:absolute;font-family:&apos;Arial&apos;;left:589.5px;top:149.7px;">1,082 </div><div id="a12409" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:149.7px;">1,037 </div><div id="a12411" style="position:absolute;font-family:&apos;Arial&apos;;left:712.9px;top:149.7px;">2% </div><div id="a12413" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:177px;">Total equity liquids and gas production [4] </div><div id="a12415" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:535.5px;top:177px;">2,106 </div><div id="a12417" style="position:absolute;font-family:&apos;Arial&apos;;left:589.5px;top:177px;">2,158 </div><div id="a12419" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:177px;">2,168 </div><div id="a12421" style="position:absolute;font-family:&apos;Arial&apos;;left:705.7px;top:177px;">(3%) </div><div id="a12428" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:60.5px;top:231.9px;">REN power generation </div><div id="a12434" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:259.4px;">Power generation (GWh) Equinor share </div><div id="a12436" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.4px;top:259.4px;">511 </div><div id="a12438" style="position:absolute;font-family:&apos;Arial&apos;;left:598.5px;top:259.4px;">526 </div><div id="a12440" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:259.4px;">451 </div><div id="a12442" style="position:absolute;font-family:&apos;Arial&apos;;left:707px;top:259.4px;">13% </div><div id="a12449" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:303.5px;">Exchange rates </div><div id="a12461" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:579.5px;top:328.1px;">Quarters </div><div id="a12463" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:696.9px;top:328.1px;">Change </div><div id="a12465" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:60.5px;top:342.3px;">Exchange rates </div><div id="a12467" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:533.4px;top:342.4px;">Q1 2022 </div><div id="a12469" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:587.3px;top:342.4px;">Q4 2021 </div><div id="a12471" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:641.4px;top:342.4px;">Q1 2021 </div><div id="a12473" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:689.7px;top:342.4px;">Q1 on Q1 </div><div id="a12480" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:371.1px;">NOK/USD average daily exchange rate </div><div id="a12482" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:536.6px;top:371.1px;">0.1130 </div><div id="a12484" style="position:absolute;font-family:&apos;Arial&apos;;left:590.5px;top:371.1px;">0.1146 </div><div id="a12486" style="position:absolute;font-family:&apos;Arial&apos;;left:644.6px;top:371.1px;">0.1174 </div><div id="a12488" style="position:absolute;font-family:&apos;Arial&apos;;left:708.6px;top:371.1px;">(4%) </div><div id="a12490" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:398.5px;">NOK/USD period-end exchange rate </div><div id="a12494" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:536.6px;top:398.5px;">0.1143 </div><div id="a12496" style="position:absolute;font-family:&apos;Arial&apos;;left:590.5px;top:398.5px;">0.1134 </div><div id="a12498" style="position:absolute;font-family:&apos;Arial&apos;;left:644.6px;top:398.5px;">0.1173 </div><div id="a12500" style="position:absolute;font-family:&apos;Arial&apos;;left:708.6px;top:398.5px;">(3%) </div><div id="a12502" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:426px;">USD/NOK average daily exchange rate </div><div id="a12504" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:536.6px;top:426px;">8.8483 </div><div id="a12506" style="position:absolute;font-family:&apos;Arial&apos;;left:590.5px;top:426px;">8.7245 </div><div id="a12508" style="position:absolute;font-family:&apos;Arial&apos;;left:644.6px;top:426px;">8.5146 </div><div id="a12510" style="position:absolute;font-family:&apos;Arial&apos;;left:715.8px;top:426px;">4% </div><div id="a12512" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:453.4px;">USD/NOK period-end exchange rate </div><div id="a12516" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:536.6px;top:453.4px;">8.7479 </div><div id="a12518" style="position:absolute;font-family:&apos;Arial&apos;;left:590.5px;top:453.4px;">8.8194 </div><div id="a12520" style="position:absolute;font-family:&apos;Arial&apos;;left:644.6px;top:453.4px;">8.5249 </div><div id="a12522" style="position:absolute;font-family:&apos;Arial&apos;;left:715.8px;top:453.4px;">3% </div><div id="a12524" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:480.9px;">EUR/USD average daily exchange rate </div><div id="a12526" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:536.6px;top:480.9px;">1.1216 </div><div id="a12528" style="position:absolute;font-family:&apos;Arial&apos;;left:590.5px;top:480.9px;">1.1433 </div><div id="a12530" style="position:absolute;font-family:&apos;Arial&apos;;left:644.6px;top:480.9px;">1.2048 </div><div id="a12532" style="position:absolute;font-family:&apos;Arial&apos;;left:708.6px;top:480.9px;">(7%) </div><div id="a12534" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:508.3px;">EUR/USD period-end exchange rate </div><div id="a12538" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:536.6px;top:508.3px;">1.1101 </div><div id="a12540" style="position:absolute;font-family:&apos;Arial&apos;;left:590.5px;top:508.3px;">1.1326 </div><div id="a12542" style="position:absolute;font-family:&apos;Arial&apos;;left:644.6px;top:508.3px;">1.1725 </div><div id="a12544" style="position:absolute;font-family:&apos;Arial&apos;;left:708.6px;top:508.3px;">(5%) </div></div>
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<div id="a12548" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>36 </div><div id="a12553" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:94.7px;">Health, safety and the environment </div><div id="a12561" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:587.9px;top:129.4px;">Twelve months </div><div id="a12562" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:602.8px;top:141.9px;">average per </div><div id="a12564" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:693.9px;top:141.9px;">Full year </div><div id="a12566" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:167.5px;">Health, safety and the environment </div><div id="a12568" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:619.5px;top:167.5px;">Q1 2022 </div><div id="a12570" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:711.5px;top:167.5px;">2021 </div><div id="a12575" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:210px;">Total recordable injury frequency (TRIF) </div><div id="a12577" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:640.5px;top:210px;">2.4 </div><div id="a12579" style="position:absolute;font-family:&apos;Arial&apos;;left:717.4px;top:210px;">2.4 </div><div id="a12581" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:237.3px;">Serious Incident Frequency (SIF) </div><div id="a12583" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:640.5px;top:237.3px;">0.5 </div><div id="a12585" style="position:absolute;font-family:&apos;Arial&apos;;left:717.4px;top:237.3px;">0.4 </div><div id="a12587" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:264.9px;">Oil and gas leakages (number of)</div><div id="a12588" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:218.4px;top:264.6px;">1)</div><div id="a12590" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:649.4px;top:264.9px;">9 </div><div id="a12592" style="position:absolute;font-family:&apos;Arial&apos;;left:720.5px;top:264.9px;">12 </div><div id="a12601" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:600.3px;top:350.2px;">First quarter </div><div id="a12603" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:693.9px;top:350.2px;">Full year </div><div id="a12605" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:376px;">Climate </div><div id="a12607" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:634.5px;top:376px;">2022 </div><div id="a12609" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:711.5px;top:376px;">2021 </div><div id="a12614" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:404.7px;">Upstream CO2 intensity (kg CO2/boe)</div><div id="a12615" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:240.7px;top:404.4px;">2)</div><div id="a12617" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:640.5px;top:404.7px;">6.7 </div><div id="a12619" style="position:absolute;font-family:&apos;Arial&apos;;left:717.4px;top:404.7px;">7.0 </div><div id="a12622" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:448.6px;">1)<div style="display:inline-block;width:13.9px">&#160;</div>Number of leakages with rate above 0.1 kg/second during the past 12 months. </div><div id="a12627" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:463.4px;">2)<div style="display:inline-block;width:13.9px">&#160;</div>Total scope 1 emissions of CO2 (kg CO2) from exploration and production, divided by total production (boe).<div style="display:inline-block;width:2.8px">&#160;</div></div><div id="a12631" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:477.9px;"><div style="display:inline-block;width:3.2px">&#160;</div></div></div>
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<div id="a12635" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>37 </div><div id="a12640" style="position:absolute;font-family:&apos;Arial&apos;;font-size:14.72px;font-weight:bold;left:60.5px;top:94.9px;">Reconciliation of net operating income/(loss) to adjusted<div style="display:inline-block;width:2.7px">&#160;</div>earnings<div style="display:inline-block;width:3.9px">&#160;</div></div><div id="a12660" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:128.6px;">The table specifies the adjustments made to each of the profit and loss line item included<div style="display:inline-block;width:1.8px">&#160;</div>in the net operating income/(loss) subtotal. </div><div id="a12692" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:159.8px;">Items impacting net operating income/(loss) </div><div id="a12693" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:172.1px;">in the first quarter of 2022 </div><div id="a12695" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:272.9px;top:196.8px;">Equinor </div><div id="a12696" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:281.7px;top:209.1px;">group </div><div id="a12699" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:330px;top:172.1px;">Exploration </div><div id="a12700" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:374.5px;top:184.4px;">&amp; </div><div id="a12701" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:332.1px;top:196.8px;">Production </div><div id="a12702" 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style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:520.6px;top:184.4px;">&amp; </div><div id="a12714" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:478.2px;top:196.8px;">Production </div><div id="a12715" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:507.6px;top:209.1px;">USA </div><div id="a12718" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:553.7px;top:172.1px;">Marketing, </div><div id="a12719" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:553.7px;top:184.4px;">Midstream </div><div id="a12720" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:593.5px;top:196.8px;">&amp; </div><div id="a12721" 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style="position:absolute;font-family:&apos;Arial&apos;;left:432.4px;top:283.3px;">400 </div><div id="a12797" style="position:absolute;font-family:&apos;Arial&apos;;left:519.8px;top:283.3px;">- </div><div id="a12800" style="position:absolute;font-family:&apos;Arial&apos;;left:575.3px;top:283.3px;">(202) </div><div id="a12803" style="position:absolute;font-family:&apos;Arial&apos;;left:661.3px;top:283.3px;">(87) </div><div id="a12806" style="position:absolute;font-family:&apos;Arial&apos;;left:723.3px;top:283.3px;">(1) </div><div id="a12808" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:300.9px;">Changes in fair value of derivatives </div><div id="a12810" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:286.3px;top:300.9px;">205 </div><div id="a12813" style="position:absolute;font-family:&apos;Arial&apos;;left:356.2px;top:300.9px;">(154) </div><div id="a12816" style="position:absolute;font-family:&apos;Arial&apos;;left:432.4px;top:300.9px;">314 </div><div id="a12819" style="position:absolute;font-family:&apos;Arial&apos;;left:519.8px;top:300.9px;">- </div><div id="a12822" style="position:absolute;font-family:&apos;Arial&apos;;left:584.4px;top:300.9px;">45 </div><div id="a12825" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:300.9px;">- </div><div id="a12828" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:300.9px;">- </div><div id="a12830" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:316.9px;">Periodisation of inventory hedging effect </div><div id="a12832" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.1px;top:316.9px;">(247) </div><div id="a12835" style="position:absolute;font-family:&apos;Arial&apos;;left:373.7px;top:316.9px;">- </div><div id="a12838" style="position:absolute;font-family:&apos;Arial&apos;;left:446.7px;top:316.9px;">- </div><div id="a12841" style="position:absolute;font-family:&apos;Arial&apos;;left:519.8px;top:316.9px;">- </div><div id="a12844" style="position:absolute;font-family:&apos;Arial&apos;;left:575.3px;top:316.9px;">(247) </div><div id="a12847" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:316.9px;">- </div><div id="a12850" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:316.9px;">- </div><div id="a12852" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:333.7px;">Over-/underlift </div><div id="a12856" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:286.3px;top:333.7px;">449 </div><div id="a12859" style="position:absolute;font-family:&apos;Arial&apos;;left:359.4px;top:333.7px;">363 </div><div id="a12862" style="position:absolute;font-family:&apos;Arial&apos;;left:438.3px;top:333.7px;">86 </div><div id="a12865" style="position:absolute;font-family:&apos;Arial&apos;;left:519.8px;top:333.7px;">- </div><div id="a12868" style="position:absolute;font-family:&apos;Arial&apos;;left:592.7px;top:333.7px;">- </div><div id="a12871" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:333.7px;">- </div><div id="a12874" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:333.7px;">- </div><div id="a12876" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:350.5px;">Gain/loss on sale of assets </div><div id="a12878" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:289px;top:350.5px;">(88) </div><div id="a12881" style="position:absolute;font-family:&apos;Arial&apos;;left:373.7px;top:350.5px;">- </div><div id="a12884" style="position:absolute;font-family:&apos;Arial&apos;;left:446.7px;top:350.5px;">- </div><div id="a12887" style="position:absolute;font-family:&apos;Arial&apos;;left:519.8px;top:350.5px;">- </div><div id="a12890" style="position:absolute;font-family:&apos;Arial&apos;;left:592.7px;top:350.5px;">- </div><div id="a12893" style="position:absolute;font-family:&apos;Arial&apos;;left:661.3px;top:350.5px;">(87) </div><div id="a12896" style="position:absolute;font-family:&apos;Arial&apos;;left:723.3px;top:350.5px;">(1) </div><div id="a12912" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:384.1px;">Purchases [net of inventory variation] </div><div id="a12914" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.1px;top:384.1px;">(272) </div><div id="a12917" style="position:absolute;font-family:&apos;Arial&apos;;left:373.7px;top:384.1px;">- </div><div id="a12920" style="position:absolute;font-family:&apos;Arial&apos;;left:446.7px;top:384.1px;">- </div><div id="a12923" style="position:absolute;font-family:&apos;Arial&apos;;left:519.8px;top:384.1px;">- </div><div id="a12926" style="position:absolute;font-family:&apos;Arial&apos;;left:575.3px;top:384.1px;">(181) </div><div id="a12929" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:384.1px;">- </div><div id="a12932" style="position:absolute;font-family:&apos;Arial&apos;;left:717.3px;top:384.1px;">(90) </div><div id="a12934" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:401.7px;">Operational storage effects </div><div id="a12936" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.1px;top:401.7px;">(181) </div><div id="a12939" style="position:absolute;font-family:&apos;Arial&apos;;left:373.7px;top:401.7px;">- </div><div id="a12942" style="position:absolute;font-family:&apos;Arial&apos;;left:446.7px;top:401.7px;">- </div><div id="a12945" style="position:absolute;font-family:&apos;Arial&apos;;left:519.8px;top:401.7px;">- </div><div id="a12948" style="position:absolute;font-family:&apos;Arial&apos;;left:575.3px;top:401.7px;">(181) </div><div id="a12951" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:401.7px;">- </div><div id="a12954" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:401.7px;">- </div><div id="a12956" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:417.7px;">Eliminations </div><div id="a12958" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:289px;top:417.7px;">(90) </div><div id="a12961" style="position:absolute;font-family:&apos;Arial&apos;;left:373.7px;top:417.7px;">- </div><div id="a12964" style="position:absolute;font-family:&apos;Arial&apos;;left:446.7px;top:417.7px;">- </div><div id="a12967" style="position:absolute;font-family:&apos;Arial&apos;;left:519.8px;top:417.7px;">- </div><div id="a12970" style="position:absolute;font-family:&apos;Arial&apos;;left:592.7px;top:417.7px;">- </div><div id="a12973" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:417.7px;">- </div><div id="a12976" style="position:absolute;font-family:&apos;Arial&apos;;left:717.3px;top:417.7px;">(90) </div><div id="a12992" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:451.3px;">Operating and administrative expenses<div style="display:inline-block;width:1.8px">&#160;</div></div><div id="a12994" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.1px;top:451.3px;">(179) </div><div id="a12997" style="position:absolute;font-family:&apos;Arial&apos;;left:362.1px;top:451.3px;">(68) </div><div id="a13000" style="position:absolute;font-family:&apos;Arial&apos;;left:435.1px;top:451.3px;">(33) </div><div id="a13003" style="position:absolute;font-family:&apos;Arial&apos;;left:514.3px;top:451.3px;">(0) </div><div id="a13006" style="position:absolute;font-family:&apos;Arial&apos;;left:581.2px;top:451.3px;">(78) </div><div id="a13009" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:451.3px;">- </div><div id="a13012" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:451.3px;">- </div><div id="a13014" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:468.9px;">Over-/underlift </div><div id="a13018" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.1px;top:468.9px;">(101) </div><div id="a13021" style="position:absolute;font-family:&apos;Arial&apos;;left:362.1px;top:468.9px;">(68) </div><div id="a13024" style="position:absolute;font-family:&apos;Arial&apos;;left:435.1px;top:468.9px;">(33) </div><div id="a13027" style="position:absolute;font-family:&apos;Arial&apos;;left:519.8px;top:468.9px;">- </div><div id="a13030" style="position:absolute;font-family:&apos;Arial&apos;;left:592.7px;top:468.9px;">- </div><div id="a13033" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:468.9px;">- </div><div id="a13036" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:468.9px;">- </div><div id="a13038" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:484.9px;">Provisions </div><div id="a13040" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:289px;top:484.9px;">(78) </div><div id="a13043" style="position:absolute;font-family:&apos;Arial&apos;;left:373.7px;top:484.9px;">- </div><div id="a13046" style="position:absolute;font-family:&apos;Arial&apos;;left:446.7px;top:484.9px;">- </div><div id="a13049" style="position:absolute;font-family:&apos;Arial&apos;;left:519.8px;top:484.9px;">- </div><div id="a13052" style="position:absolute;font-family:&apos;Arial&apos;;left:581.2px;top:484.9px;">(78) </div><div id="a13055" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:484.9px;">- </div><div id="a13058" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:484.9px;">- </div><div id="a13060" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:501.7px;">Depreciation, amortisation and net </div><div id="a13061" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:515.9px;">impairment losses </div><div id="a13063" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.1px;top:514.3px;">(315) </div><div id="a13066" style="position:absolute;font-family:&apos;Arial&apos;;left:356.2px;top:514.3px;">(821) </div><div id="a13069" style="position:absolute;font-family:&apos;Arial&apos;;left:423.4px;top:514.3px;">1,039 </div><div id="a13072" style="position:absolute;font-family:&apos;Arial&apos;;left:502.3px;top:514.3px;">(533) </div><div id="a13075" style="position:absolute;font-family:&apos;Arial&apos;;left:592.7px;top:514.3px;">- </div><div id="a13078" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:514.3px;">- </div><div id="a13081" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:514.3px;">- </div><div id="a13083" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:542.5px;">Impairment </div><div id="a13085" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:277.3px;top:542.5px;">1,039 </div><div id="a13088" style="position:absolute;font-family:&apos;Arial&apos;;left:373.7px;top:542.5px;">- </div><div id="a13091" style="position:absolute;font-family:&apos;Arial&apos;;left:423.4px;top:542.5px;">1,039 </div><div id="a13094" style="position:absolute;font-family:&apos;Arial&apos;;left:519.8px;top:542.5px;">- </div><div id="a13097" style="position:absolute;font-family:&apos;Arial&apos;;left:592.7px;top:542.5px;">- </div><div id="a13100" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:542.5px;">- </div><div id="a13103" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:542.5px;">- </div><div id="a13105" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:558.5px;">Reversal of Impairment </div><div id="a13107" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:274.3px;top:558.5px;">(1,354) </div><div id="a13110" style="position:absolute;font-family:&apos;Arial&apos;;left:356.2px;top:558.5px;">(821) </div><div id="a13113" style="position:absolute;font-family:&apos;Arial&apos;;left:446.7px;top:558.5px;">- </div><div id="a13116" style="position:absolute;font-family:&apos;Arial&apos;;left:502.3px;top:558.5px;">(533) </div><div id="a13119" style="position:absolute;font-family:&apos;Arial&apos;;left:592.7px;top:558.5px;">- </div><div id="a13122" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:558.5px;">- </div><div id="a13125" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:558.5px;">- </div><div id="a13141" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:592.1px;">Exploration expenses </div><div id="a13143" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:292.2px;top:592.1px;">46 </div><div id="a13146" style="position:absolute;font-family:&apos;Arial&apos;;left:371.3px;top:592.1px;">4 </div><div id="a13149" style="position:absolute;font-family:&apos;Arial&apos;;left:438.3px;top:592.1px;">41 </div><div id="a13152" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:592.1px;">1 </div><div id="a13155" style="position:absolute;font-family:&apos;Arial&apos;;left:592.7px;top:592.1px;">- </div><div id="a13158" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:592.1px;">- </div><div id="a13161" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:592.1px;">- </div><div id="a13163" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:609.7px;">Impairment </div><div id="a13165" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:292.2px;top:609.7px;">46 </div><div id="a13168" style="position:absolute;font-family:&apos;Arial&apos;;left:371.3px;top:609.7px;">4 </div><div id="a13171" style="position:absolute;font-family:&apos;Arial&apos;;left:438.3px;top:609.7px;">41 </div><div id="a13174" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:609.7px;">1 </div><div id="a13177" style="position:absolute;font-family:&apos;Arial&apos;;left:592.7px;top:609.7px;">- </div><div id="a13180" style="position:absolute;font-family:&apos;Arial&apos;;left:672.8px;top:609.7px;">- </div><div id="a13183" style="position:absolute;font-family:&apos;Arial&apos;;left:728.8px;top:609.7px;">- </div><div id="a13199" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:627.3px;">Sum of adjustments to net operating </div><div id="a13200" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:641.4px;">income/(loss) </div><div id="a13202" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.1px;top:640px;">(401) </div><div id="a13205" style="position:absolute;font-family:&apos;Arial&apos;;left:356.2px;top:640px;">(676) </div><div id="a13208" style="position:absolute;font-family:&apos;Arial&apos;;left:423.4px;top:640px;">1,447 </div><div id="a13211" style="position:absolute;font-family:&apos;Arial&apos;;left:502.3px;top:640px;">(532) </div><div id="a13214" style="position:absolute;font-family:&apos;Arial&apos;;left:575.3px;top:640px;">(461) </div><div id="a13217" style="position:absolute;font-family:&apos;Arial&apos;;left:661.3px;top:640px;">(87) </div><div id="a13220" style="position:absolute;font-family:&apos;Arial&apos;;left:717.3px;top:640px;">(91) </div><div id="a13236" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:684.1px;">Adjusted earnings/(loss) [5] </div><div id="a13238" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:271.4px;top:684.1px;">17,991 </div><div id="a13241" style="position:absolute;font-family:&apos;Arial&apos;;left:344.5px;top:684.1px;">16,258 </div><div id="a13244" style="position:absolute;font-family:&apos;Arial&apos;;left:423.4px;top:684.1px;">1,081 </div><div id="a13247" style="position:absolute;font-family:&apos;Arial&apos;;left:505.5px;top:684.1px;">713 </div><div id="a13250" style="position:absolute;font-family:&apos;Arial&apos;;left:584.4px;top:684.1px;">22 </div><div id="a13253" style="position:absolute;font-family:&apos;Arial&apos;;left:661.3px;top:684.1px;">(10) </div><div id="a13256" style="position:absolute;font-family:&apos;Arial&apos;;left:717.3px;top:684.1px;">(72) </div><div id="a13272" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:717.7px;">Tax on adjusted earnings </div><div id="a13274" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:268.4px;top:717.7px;">(12,812) </div><div id="a13277" style="position:absolute;font-family:&apos;Arial&apos;;left:341.5px;top:717.7px;">(12,602) </div><div id="a13280" style="position:absolute;font-family:&apos;Arial&apos;;left:429.2px;top:717.7px;">(234) </div><div id="a13283" style="position:absolute;font-family:&apos;Arial&apos;;left:508.3px;top:717.7px;">(13) </div><div id="a13286" style="position:absolute;font-family:&apos;Arial&apos;;left:590.3px;top:717.7px;">6 </div><div id="a13289" style="position:absolute;font-family:&apos;Arial&apos;;left:670.4px;top:717.7px;">3 </div><div id="a13292" style="position:absolute;font-family:&apos;Arial&apos;;left:720.5px;top:717.7px;">29 </div><div id="a13308" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:751.3px;">Adjusted earnings/(loss) after tax [5] </div><div id="a13310" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:277.3px;top:751.3px;">5,179 </div><div id="a13313" style="position:absolute;font-family:&apos;Arial&apos;;left:350.5px;top:751.3px;">3,656 </div><div id="a13316" style="position:absolute;font-family:&apos;Arial&apos;;left:432.4px;top:751.3px;">846 </div><div id="a13319" style="position:absolute;font-family:&apos;Arial&apos;;left:505.5px;top:751.3px;">700 </div><div id="a13322" style="position:absolute;font-family:&apos;Arial&apos;;left:584.4px;top:751.3px;">27 </div><div id="a13325" style="position:absolute;font-family:&apos;Arial&apos;;left:667.3px;top:751.3px;">(7) </div><div id="a13328" style="position:absolute;font-family:&apos;Arial&apos;;left:717.3px;top:751.3px;">(43) </div></div>
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<div id="a13360" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>38 </div><div id="a13365" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:95.4px;">Items impacting net operating income/(loss) </div><div id="a13366" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:107.8px;">in the first quarter of 2021 </div><div id="a13368" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:282px;top:121.1px;">Equinor </div><div id="a13369" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:290.8px;top:133.6px;">group </div><div id="a13371" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:324.7px;top:108.7px;">Exploration &amp; </div><div id="a13372" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:336.1px;top:121.1px;">Production </div><div id="a13373" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:351.4px;top:133.6px;">Norway </div><div id="a13375" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:392.7px;top:108.7px;">Exploration &amp; </div><div id="a13376" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:404.1px;top:121.1px;">Production </div><div id="a13377" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:397.2px;top:133.6px;">International </div><div id="a13380" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:472.7px;top:108.7px;">Exploration &amp; </div><div id="a13381" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:484.1px;top:121.1px;">Production </div><div id="a13382" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:513.5px;top:133.6px;">USA </div><div id="a13384" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:554.7px;top:108.7px;">Marketing, </div><div id="a13385" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:545.4px;top:121.1px;">Midstream &amp; </div><div id="a13386" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:550.8px;top:133.6px;">Processing </div><div id="a13389" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:627.3px;top:133.6px;">Renewables </div><div id="a13391" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:703.2px;top:133.6px;">Other </div><div id="a13393" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:133.6px;">(in USD million) </div><div id="a13406" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:175.9px;">Net operating income/(loss) </div><div id="a13408" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:286.5px;top:175.9px;">5,220 </div><div id="a13410" style="position:absolute;font-family:&apos;Arial&apos;;left:354.5px;top:175.9px;">3,350 </div><div id="a13412" style="position:absolute;font-family:&apos;Arial&apos;;left:431.4px;top:175.9px;">261 </div><div id="a13415" style="position:absolute;font-family:&apos;Arial&apos;;left:511.5px;top:175.9px;">152 </div><div id="a13417" style="position:absolute;font-family:&apos;Arial&apos;;left:579.5px;top:175.9px;">392 </div><div id="a13420" style="position:absolute;font-family:&apos;Arial&apos;;left:650.5px;top:175.9px;">1,341 </div><div id="a13422" style="position:absolute;font-family:&apos;Arial&apos;;left:703.2px;top:175.9px;">(276) </div><div id="a13434" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:209.5px;">Total revenues and other income </div><div id="a13436" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.4px;top:209.5px;">(1,645) </div><div id="a13438" style="position:absolute;font-family:&apos;Arial&apos;;left:360.2px;top:209.5px;">(143) </div><div id="a13440" style="position:absolute;font-family:&apos;Arial&apos;;left:431.4px;top:209.5px;">149 </div><div id="a13443" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:209.5px;">- </div><div id="a13445" style="position:absolute;font-family:&apos;Arial&apos;;left:576.3px;top:209.5px;">(271) </div><div id="a13448" style="position:absolute;font-family:&apos;Arial&apos;;left:647.5px;top:209.5px;">(1,379) </div><div id="a13450" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:209.5px;">- </div><div id="a13452" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:226.9px;">Changes in fair value of derivatives </div><div id="a13454" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:301.3px;top:226.9px;">16 </div><div id="a13456" style="position:absolute;font-family:&apos;Arial&apos;;left:377.7px;top:226.9px;">- </div><div id="a13458" style="position:absolute;font-family:&apos;Arial&apos;;left:445.7px;top:226.9px;">- </div><div id="a13461" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:226.9px;">- </div><div id="a13463" style="position:absolute;font-family:&apos;Arial&apos;;left:585.4px;top:226.9px;">16 </div><div id="a13466" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:226.9px;">- </div><div id="a13468" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:226.9px;">- </div><div id="a13470" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:243.1px;">Periodisation of inventory hedging effect </div><div id="a13472" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:292.2px;top:243.1px;">(287) </div><div id="a13474" style="position:absolute;font-family:&apos;Arial&apos;;left:377.7px;top:243.1px;">- </div><div id="a13476" style="position:absolute;font-family:&apos;Arial&apos;;left:445.7px;top:243.1px;">- </div><div id="a13479" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:243.1px;">- </div><div id="a13481" style="position:absolute;font-family:&apos;Arial&apos;;left:576.3px;top:243.1px;">(287) </div><div id="a13484" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:243.1px;">- </div><div id="a13486" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:243.1px;">- </div><div id="a13488" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:259.9px;">Impairment from associated companies </div><div id="a13490" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:307.3px;top:259.9px;">3 </div><div id="a13492" style="position:absolute;font-family:&apos;Arial&apos;;left:377.7px;top:259.9px;">- </div><div id="a13494" style="position:absolute;font-family:&apos;Arial&apos;;left:445.7px;top:259.9px;">- </div><div id="a13497" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:259.9px;">- </div><div id="a13499" style="position:absolute;font-family:&apos;Arial&apos;;left:593.7px;top:259.9px;">- </div><div id="a13502" style="position:absolute;font-family:&apos;Arial&apos;;left:671.3px;top:259.9px;">3 </div><div id="a13504" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:259.9px;">- </div><div id="a13506" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:276.7px;">Over-/underlift </div><div id="a13510" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:307.3px;top:276.7px;">6 </div><div id="a13512" style="position:absolute;font-family:&apos;Arial&apos;;left:360.2px;top:276.7px;">(143) </div><div id="a13514" style="position:absolute;font-family:&apos;Arial&apos;;left:431.4px;top:276.7px;">149 </div><div id="a13517" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:276.7px;">- </div><div id="a13519" style="position:absolute;font-family:&apos;Arial&apos;;left:593.7px;top:276.7px;">- </div><div id="a13522" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:276.7px;">- </div><div id="a13524" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:276.7px;">- </div><div id="a13526" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:293.5px;">Gain/loss on sale of assets </div><div id="a13528" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.4px;top:293.5px;">(1,382) </div><div id="a13530" style="position:absolute;font-family:&apos;Arial&apos;;left:377.7px;top:293.5px;">- </div><div id="a13532" style="position:absolute;font-family:&apos;Arial&apos;;left:445.7px;top:293.5px;">- </div><div id="a13535" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:293.5px;">- </div><div id="a13537" style="position:absolute;font-family:&apos;Arial&apos;;left:593.7px;top:293.5px;">- </div><div id="a13540" style="position:absolute;font-family:&apos;Arial&apos;;left:647.5px;top:293.5px;">(1,382) </div><div id="a13542" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:293.5px;">- </div><div id="a13554" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:327.1px;">Purchases [net of inventory variation] </div><div id="a13556" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:301.3px;top:327.1px;">95 </div><div id="a13558" style="position:absolute;font-family:&apos;Arial&apos;;left:377.7px;top:327.1px;">- </div><div id="a13560" style="position:absolute;font-family:&apos;Arial&apos;;left:445.7px;top:327.1px;">- </div><div id="a13563" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:327.1px;">- </div><div id="a13565" style="position:absolute;font-family:&apos;Arial&apos;;left:576.3px;top:327.1px;">(105) </div><div id="a13568" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:327.1px;">- </div><div id="a13570" style="position:absolute;font-family:&apos;Arial&apos;;left:706.4px;top:327.1px;">200 </div><div id="a13572" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:344.5px;">Operational storage effects </div><div id="a13574" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:292.2px;top:344.5px;">(105) </div><div id="a13576" style="position:absolute;font-family:&apos;Arial&apos;;left:377.7px;top:344.5px;">- </div><div id="a13578" style="position:absolute;font-family:&apos;Arial&apos;;left:445.7px;top:344.5px;">- </div><div id="a13581" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:344.5px;">- </div><div id="a13583" style="position:absolute;font-family:&apos;Arial&apos;;left:576.3px;top:344.5px;">(105) </div><div id="a13586" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:344.5px;">- </div><div id="a13588" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:344.5px;">- </div><div id="a13590" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:360.7px;">Eliminations </div><div id="a13592" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:295.4px;top:360.7px;">200 </div><div id="a13594" style="position:absolute;font-family:&apos;Arial&apos;;left:377.7px;top:360.7px;">- </div><div id="a13596" style="position:absolute;font-family:&apos;Arial&apos;;left:445.7px;top:360.7px;">- </div><div id="a13599" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:360.7px;">- </div><div id="a13601" style="position:absolute;font-family:&apos;Arial&apos;;left:593.7px;top:360.7px;">- </div><div id="a13604" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:360.7px;">- </div><div id="a13606" style="position:absolute;font-family:&apos;Arial&apos;;left:706.4px;top:360.7px;">200 </div><div id="a13618" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:400.4px;">Operating and administrative expenses<div style="display:inline-block;width:1.8px">&#160;</div></div><div id="a13620" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:298.1px;top:400.4px;">(14) </div><div id="a13622" style="position:absolute;font-family:&apos;Arial&apos;;left:369.3px;top:400.4px;">80 </div><div id="a13624" style="position:absolute;font-family:&apos;Arial&apos;;left:434.1px;top:400.4px;">(82) </div><div id="a13627" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:400.4px;">- </div><div id="a13629" style="position:absolute;font-family:&apos;Arial&apos;;left:582.2px;top:400.4px;">(11) </div><div id="a13632" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:400.4px;">- </div><div id="a13634" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:400.4px;">- </div><div id="a13636" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:428.6px;">Over-/underlift </div><div id="a13640" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:304.2px;top:428.6px;">(5) </div><div id="a13642" style="position:absolute;font-family:&apos;Arial&apos;;left:369.3px;top:428.6px;">78 </div><div id="a13644" style="position:absolute;font-family:&apos;Arial&apos;;left:434.1px;top:428.6px;">(82) </div><div id="a13647" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:428.6px;">- </div><div id="a13649" style="position:absolute;font-family:&apos;Arial&apos;;left:593.7px;top:428.6px;">- </div><div id="a13652" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:428.6px;">- </div><div id="a13654" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:428.6px;">- </div><div id="a13656" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:444.7px;">Other adjustments </div><div id="a13658" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:307.3px;top:444.7px;">2 </div><div id="a13660" style="position:absolute;font-family:&apos;Arial&apos;;left:375.3px;top:444.7px;">2 </div><div id="a13662" style="position:absolute;font-family:&apos;Arial&apos;;left:445.7px;top:444.7px;">- </div><div id="a13665" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:444.7px;">- </div><div id="a13667" style="position:absolute;font-family:&apos;Arial&apos;;left:593.7px;top:444.7px;">- </div><div id="a13670" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:444.7px;">- </div><div id="a13672" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:444.7px;">- </div><div id="a13674" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:461.5px;">Provisions </div><div id="a13676" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:298.1px;top:461.5px;">(11) </div><div id="a13678" style="position:absolute;font-family:&apos;Arial&apos;;left:377.7px;top:461.5px;">- </div><div id="a13680" style="position:absolute;font-family:&apos;Arial&apos;;left:445.7px;top:461.5px;">- </div><div id="a13683" style="position:absolute;font-family:&apos;Arial&apos;;left:525.7px;top:461.5px;">- </div><div id="a13685" style="position:absolute;font-family:&apos;Arial&apos;;left:582.2px;top:461.5px;">(11) </div><div id="a13688" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:461.5px;">- </div><div id="a13690" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:461.5px;">- </div><div id="a13702" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:479.8px;">Depreciation, amortisation and net </div><div id="a13703" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:493.9px;">impairment losses </div><div id="a13705" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:295.4px;top:492.4px;">411 </div><div id="a13707" style="position:absolute;font-family:&apos;Arial&apos;;left:363.4px;top:492.4px;">276 </div><div id="a13709" style="position:absolute;font-family:&apos;Arial&apos;;left:437.4px;top:492.4px;">50 </div><div id="a13712" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:492.4px;">28 </div><div id="a13714" style="position:absolute;font-family:&apos;Arial&apos;;left:585.4px;top:492.4px;">57 </div><div id="a13717" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:492.4px;">- </div><div id="a13719" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:492.4px;">- </div><div id="a13721" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:520.4px;">Impairment </div><div id="a13723" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:295.4px;top:520.4px;">411 </div><div id="a13725" style="position:absolute;font-family:&apos;Arial&apos;;left:363.4px;top:520.4px;">276 </div><div id="a13727" style="position:absolute;font-family:&apos;Arial&apos;;left:437.4px;top:520.4px;">50 </div><div id="a13730" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:520.4px;">28 </div><div id="a13732" style="position:absolute;font-family:&apos;Arial&apos;;left:585.4px;top:520.4px;">57 </div><div id="a13735" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:520.4px;">- </div><div id="a13737" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:520.4px;">- </div><div id="a13749" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:559.5px;">Exploration expenses </div><div id="a13751" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:301.3px;top:559.5px;">17 </div><div id="a13753" style="position:absolute;font-family:&apos;Arial&apos;;left:377.7px;top:559.5px;">- </div><div id="a13755" style="position:absolute;font-family:&apos;Arial&apos;;left:443.3px;top:559.5px;">4 </div><div id="a13758" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:559.5px;">12 </div><div id="a13760" style="position:absolute;font-family:&apos;Arial&apos;;left:593.7px;top:559.5px;">- </div><div id="a13763" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:559.5px;">- </div><div id="a13765" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:559.5px;">- </div><div id="a13767" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:587.6px;">Impairment </div><div id="a13769" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:301.3px;top:587.6px;">17 </div><div id="a13771" style="position:absolute;font-family:&apos;Arial&apos;;left:377.7px;top:587.6px;">- </div><div id="a13773" style="position:absolute;font-family:&apos;Arial&apos;;left:443.3px;top:587.6px;">4 </div><div id="a13776" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:587.6px;">12 </div><div id="a13778" style="position:absolute;font-family:&apos;Arial&apos;;left:593.7px;top:587.6px;">- </div><div id="a13781" style="position:absolute;font-family:&apos;Arial&apos;;left:673.7px;top:587.6px;">- </div><div id="a13783" style="position:absolute;font-family:&apos;Arial&apos;;left:720.6px;top:587.6px;">- </div><div id="a13795" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:605.3px;">Sum of adjustments to net operating </div><div id="a13796" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:619.5px;">income/(loss) </div><div id="a13798" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.4px;top:617.9px;">(1,135) </div><div id="a13800" style="position:absolute;font-family:&apos;Arial&apos;;left:363.4px;top:617.9px;">213 </div><div id="a13802" style="position:absolute;font-family:&apos;Arial&apos;;left:431.4px;top:617.9px;">121 </div><div id="a13805" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:617.9px;">40 </div><div id="a13807" style="position:absolute;font-family:&apos;Arial&apos;;left:576.3px;top:617.9px;">(330) </div><div id="a13810" style="position:absolute;font-family:&apos;Arial&apos;;left:647.5px;top:617.9px;">(1,379) </div><div id="a13812" style="position:absolute;font-family:&apos;Arial&apos;;left:706.4px;top:617.9px;">200 </div><div id="a13824" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:662.1px;">Adjusted earnings/(loss) [5] </div><div id="a13827" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:286.5px;top:662.1px;">4,085 </div><div id="a13829" style="position:absolute;font-family:&apos;Arial&apos;;left:354.5px;top:662.1px;">3,563 </div><div id="a13831" style="position:absolute;font-family:&apos;Arial&apos;;left:431.4px;top:662.1px;">382 </div><div id="a13834" style="position:absolute;font-family:&apos;Arial&apos;;left:511.5px;top:662.1px;">192 </div><div id="a13836" style="position:absolute;font-family:&apos;Arial&apos;;left:585.4px;top:662.1px;">61 </div><div id="a13839" style="position:absolute;font-family:&apos;Arial&apos;;left:662.2px;top:662.1px;">(38) </div><div id="a13841" style="position:absolute;font-family:&apos;Arial&apos;;left:709.1px;top:662.1px;">(76) </div><div id="a13853" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:695.7px;">Tax on adjusted earnings </div><div id="a13855" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:283.4px;top:695.7px;">(2,796) </div><div id="a13857" style="position:absolute;font-family:&apos;Arial&apos;;left:351.4px;top:695.7px;">(2,586) </div><div id="a13859" style="position:absolute;font-family:&apos;Arial&apos;;left:428.2px;top:695.7px;">(206) </div><div id="a13862" style="position:absolute;font-family:&apos;Arial&apos;;left:520.3px;top:695.7px;">(0) </div><div id="a13864" style="position:absolute;font-family:&apos;Arial&apos;;left:582.2px;top:695.7px;">(31) </div><div id="a13867" style="position:absolute;font-family:&apos;Arial&apos;;left:671.3px;top:695.7px;">4 </div><div id="a13869" style="position:absolute;font-family:&apos;Arial&apos;;left:712.3px;top:695.7px;">23 </div><div id="a13881" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:729.3px;">Adjusted earnings/(loss) after tax [5] </div><div id="a13883" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:286.5px;top:729.3px;">1,289 </div><div id="a13885" style="position:absolute;font-family:&apos;Arial&apos;;left:363.4px;top:729.3px;">977 </div><div id="a13887" style="position:absolute;font-family:&apos;Arial&apos;;left:431.4px;top:729.3px;">176 </div><div id="a13890" style="position:absolute;font-family:&apos;Arial&apos;;left:511.5px;top:729.3px;">192 </div><div id="a13892" style="position:absolute;font-family:&apos;Arial&apos;;left:585.4px;top:729.3px;">30 </div><div id="a13895" style="position:absolute;font-family:&apos;Arial&apos;;left:662.2px;top:729.3px;">(34) </div><div id="a13897" style="position:absolute;font-family:&apos;Arial&apos;;left:709.1px;top:729.3px;">(53) </div></div>
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<div id="a13921" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>39 </div><div id="a13940" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:63.2px;top:100.7px;">Items impacting net operating income/(loss) </div><div id="a13941" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:63.2px;top:113.1px;">in the fourth quarter of 2021 </div><div id="a13943" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:270.6px;top:137.7px;">Equinor </div><div id="a13944" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:279.4px;top:150px;">group </div><div id="a13947" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:327.7px;top:113.1px;">Exploration </div><div id="a13948" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:372.2px;top:125.4px;">&amp; </div><div id="a13949" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:329.8px;top:137.7px;">Production </div><div id="a13950" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:345.3px;top:150px;">Norway </div><div id="a13953" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:400.7px;top:113.1px;">Exploration </div><div id="a13954" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:445.2px;top:125.4px;">&amp; </div><div id="a13955" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:402.8px;top:137.7px;">Production </div><div id="a13956" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:398.5px;top:150px;">International</div><div id="a13960" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:473.7px;top:113.1px;">Exploration </div><div id="a13961" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:518.2px;top:125.4px;">&amp; </div><div id="a13962" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:475.8px;top:137.7px;">Production </div><div id="a13963" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:505.2px;top:150px;">USA </div><div id="a13966" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:551.3px;top:113.1px;">Marketing, </div><div id="a13967" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:551.3px;top:125.4px;">Midstream </div><div id="a13968" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:591.1px;top:137.7px;">&amp; </div><div id="a13969" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:547.5px;top:150px;">Processing </div><div id="a13972" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:624.1px;top:150px;">Renewables </div><div id="a13975" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:709.1px;top:150px;">Other </div><div id="a13977" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:63.2px;top:150px;">(in USD million) </div><div id="a13998" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:192.5px;">Net operating income/(loss) </div><div id="a14000" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:269.2px;top:192.5px;">13,578 </div><div id="a14003" style="position:absolute;font-family:&apos;Arial&apos;;left:342.3px;top:192.5px;">14,858 </div><div id="a14006" style="position:absolute;font-family:&apos;Arial&apos;;left:418.1px;top:192.5px;">(1,060) </div><div id="a14009" style="position:absolute;font-family:&apos;Arial&apos;;left:503.1px;top:192.5px;">550 </div><div id="a14012" style="position:absolute;font-family:&apos;Arial&apos;;left:572.9px;top:192.5px;">(327) </div><div id="a14015" style="position:absolute;font-family:&apos;Arial&apos;;left:659px;top:192.5px;">(38) </div><div id="a14018" style="position:absolute;font-family:&apos;Arial&apos;;left:709.1px;top:192.5px;">(405) </div><div id="a14034" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:226.1px;">Total revenues and other income </div><div id="a14036" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:280.9px;top:226.1px;">(772) </div><div id="a14039" style="position:absolute;font-family:&apos;Arial&apos;;left:359.9px;top:226.1px;">(80) </div><div id="a14042" style="position:absolute;font-family:&apos;Arial&apos;;left:432.9px;top:226.1px;">(50) </div><div id="a14045" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:226.1px;">- </div><div id="a14048" style="position:absolute;font-family:&apos;Arial&apos;;left:572.9px;top:226.1px;">(640) </div><div id="a14051" style="position:absolute;font-family:&apos;Arial&apos;;left:665.1px;top:226.1px;">(0) </div><div id="a14054" style="position:absolute;font-family:&apos;Arial&apos;;left:721.1px;top:226.1px;">(1) </div><div id="a14056" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:243.6px;">Changes in fair value of derivatives </div><div id="a14058" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:280.9px;top:243.6px;">(173) </div><div id="a14061" style="position:absolute;font-family:&apos;Arial&apos;;left:359.9px;top:243.6px;">(81) </div><div id="a14064" style="position:absolute;font-family:&apos;Arial&apos;;left:436.1px;top:243.6px;">36 </div><div id="a14067" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:243.6px;">- </div><div id="a14070" style="position:absolute;font-family:&apos;Arial&apos;;left:572.9px;top:243.6px;">(128) </div><div id="a14073" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:243.6px;">- </div><div id="a14076" style="position:absolute;font-family:&apos;Arial&apos;;left:726.5px;top:243.6px;">- </div><div id="a14078" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:259.7px;">Periodisation of inventory hedging effect </div><div id="a14080" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:280.9px;top:259.7px;">(346) </div><div id="a14083" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:259.7px;">- </div><div id="a14086" style="position:absolute;font-family:&apos;Arial&apos;;left:444.4px;top:259.7px;">- </div><div id="a14089" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:259.7px;">- </div><div id="a14092" style="position:absolute;font-family:&apos;Arial&apos;;left:572.9px;top:259.7px;">(346) </div><div id="a14095" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:259.7px;">- </div><div id="a14098" style="position:absolute;font-family:&apos;Arial&apos;;left:726.5px;top:259.7px;">- </div><div id="a14100" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:276.5px;">Impairment from associated companies </div><div id="a14102" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:292.9px;top:276.5px;">(0) </div><div id="a14105" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:276.5px;">- </div><div id="a14108" style="position:absolute;font-family:&apos;Arial&apos;;left:444.4px;top:276.5px;">- </div><div id="a14111" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:276.5px;">- </div><div id="a14114" style="position:absolute;font-family:&apos;Arial&apos;;left:590.3px;top:276.5px;">- </div><div id="a14117" style="position:absolute;font-family:&apos;Arial&apos;;left:665.1px;top:276.5px;">(0) </div><div id="a14120" style="position:absolute;font-family:&apos;Arial&apos;;left:726.5px;top:276.5px;">- </div><div id="a14122" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:293.3px;">Over-/underlift </div><div id="a14126" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:286.8px;top:293.3px;">(85) </div><div id="a14129" style="position:absolute;font-family:&apos;Arial&apos;;left:369px;top:293.3px;">1 </div><div id="a14132" style="position:absolute;font-family:&apos;Arial&apos;;left:432.9px;top:293.3px;">(86) </div><div id="a14135" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:293.3px;">- </div><div id="a14138" style="position:absolute;font-family:&apos;Arial&apos;;left:590.3px;top:293.3px;">- </div><div id="a14141" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:293.3px;">- </div><div id="a14144" style="position:absolute;font-family:&apos;Arial&apos;;left:726.5px;top:293.3px;">- </div><div id="a14146" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:310.1px;">Gain/loss on sale of assets </div><div id="a14148" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:280.9px;top:310.1px;">(168) </div><div id="a14151" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:310.1px;">- </div><div id="a14154" style="position:absolute;font-family:&apos;Arial&apos;;left:442px;top:310.1px;">0 </div><div id="a14157" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:310.1px;">- </div><div id="a14160" style="position:absolute;font-family:&apos;Arial&apos;;left:572.9px;top:310.1px;">(167) </div><div id="a14163" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:310.1px;">- </div><div id="a14166" style="position:absolute;font-family:&apos;Arial&apos;;left:721.1px;top:310.1px;">(1) </div><div id="a14182" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:343.7px;">Purchases [net of inventory variation] </div><div id="a14184" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:284.1px;top:343.7px;">342 </div><div id="a14187" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:343.7px;">- </div><div id="a14190" style="position:absolute;font-family:&apos;Arial&apos;;left:444.4px;top:343.7px;">- </div><div id="a14193" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:343.7px;">- </div><div id="a14196" style="position:absolute;font-family:&apos;Arial&apos;;left:587.9px;top:343.7px;">2 </div><div id="a14199" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:343.7px;">- </div><div id="a14202" style="position:absolute;font-family:&apos;Arial&apos;;left:712.3px;top:343.7px;">340 </div><div id="a14204" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:361.2px;">Operational storage effects </div><div id="a14206" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:295.9px;top:361.2px;">2 </div><div id="a14209" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:361.2px;">- </div><div id="a14212" style="position:absolute;font-family:&apos;Arial&apos;;left:444.4px;top:361.2px;">- </div><div id="a14215" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:361.2px;">- </div><div id="a14218" style="position:absolute;font-family:&apos;Arial&apos;;left:587.9px;top:361.2px;">2 </div><div id="a14221" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:361.2px;">- </div><div id="a14224" style="position:absolute;font-family:&apos;Arial&apos;;left:726.5px;top:361.2px;">- </div><div id="a14226" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:377.4px;">Eliminations </div><div id="a14228" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:284.1px;top:377.4px;">340 </div><div id="a14231" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:377.4px;">- </div><div id="a14234" style="position:absolute;font-family:&apos;Arial&apos;;left:444.4px;top:377.4px;">- </div><div id="a14237" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:377.4px;">- </div><div id="a14240" style="position:absolute;font-family:&apos;Arial&apos;;left:590.3px;top:377.4px;">- </div><div id="a14243" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:377.4px;">- </div><div id="a14246" style="position:absolute;font-family:&apos;Arial&apos;;left:712.3px;top:377.4px;">340 </div><div id="a14262" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:411px;">Operating and administrative expenses<div style="display:inline-block;width:1.8px">&#160;</div></div><div id="a14264" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:290px;top:411px;">39 </div><div id="a14267" style="position:absolute;font-family:&apos;Arial&apos;;left:363.1px;top:411px;">35 </div><div id="a14270" style="position:absolute;font-family:&apos;Arial&apos;;left:436.1px;top:411px;">21 </div><div id="a14273" style="position:absolute;font-family:&apos;Arial&apos;;left:515px;top:411px;">4 </div><div id="a14276" style="position:absolute;font-family:&apos;Arial&apos;;left:578.8px;top:411px;">(33) </div><div id="a14279" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:411px;">- </div><div id="a14282" style="position:absolute;font-family:&apos;Arial&apos;;left:718.2px;top:411px;">12 </div><div id="a14284" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:428.4px;">Over-/underlift </div><div id="a14288" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:290px;top:428.4px;">52 </div><div id="a14291" style="position:absolute;font-family:&apos;Arial&apos;;left:363.1px;top:428.4px;">31 </div><div id="a14294" style="position:absolute;font-family:&apos;Arial&apos;;left:436.1px;top:428.4px;">21 </div><div id="a14297" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:428.4px;">- </div><div id="a14300" style="position:absolute;font-family:&apos;Arial&apos;;left:590.3px;top:428.4px;">- </div><div id="a14303" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:428.4px;">- </div><div id="a14306" style="position:absolute;font-family:&apos;Arial&apos;;left:726.5px;top:428.4px;">- </div><div id="a14308" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:444.6px;">Other adjustments </div><div id="a14310" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:286.8px;top:444.6px;">(21) </div><div id="a14313" style="position:absolute;font-family:&apos;Arial&apos;;left:369px;top:444.6px;">4 </div><div id="a14316" style="position:absolute;font-family:&apos;Arial&apos;;left:444.4px;top:444.6px;">- </div><div id="a14319" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:444.6px;">- </div><div id="a14322" style="position:absolute;font-family:&apos;Arial&apos;;left:578.8px;top:444.6px;">(25) </div><div id="a14325" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:444.6px;">- </div><div id="a14328" style="position:absolute;font-family:&apos;Arial&apos;;left:726.5px;top:444.6px;">- </div><div id="a14330" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:461.4px;">Gain/loss on sale of assets </div><div id="a14332" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:290px;top:461.4px;">16 </div><div id="a14335" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:461.4px;">- </div><div id="a14338" style="position:absolute;font-family:&apos;Arial&apos;;left:444.4px;top:461.4px;">- </div><div id="a14341" style="position:absolute;font-family:&apos;Arial&apos;;left:515px;top:461.4px;">4 </div><div id="a14344" style="position:absolute;font-family:&apos;Arial&apos;;left:590.3px;top:461.4px;">- </div><div id="a14347" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:461.4px;">- </div><div id="a14350" style="position:absolute;font-family:&apos;Arial&apos;;left:718.2px;top:461.4px;">12 </div><div id="a14352" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:478.2px;">Provisions </div><div id="a14354" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:292.9px;top:478.2px;">(8) </div><div id="a14357" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:478.2px;">- </div><div id="a14360" style="position:absolute;font-family:&apos;Arial&apos;;left:444.4px;top:478.2px;">- </div><div id="a14363" style="position:absolute;font-family:&apos;Arial&apos;;left:517.4px;top:478.2px;">- </div><div id="a14366" style="position:absolute;font-family:&apos;Arial&apos;;left:584.9px;top:478.2px;">(8) </div><div id="a14369" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:478.2px;">- </div><div id="a14372" style="position:absolute;font-family:&apos;Arial&apos;;left:726.5px;top:478.2px;">- </div><div id="a14388" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:496.6px;">Depreciation, amortisation and net </div><div id="a14389" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:510.7px;">impairment losses </div><div id="a14391" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:275.1px;top:509.1px;">1,798 </div><div id="a14394" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:509.1px;">- </div><div id="a14397" style="position:absolute;font-family:&apos;Arial&apos;;left:421.2px;top:509.1px;">1,777 </div><div id="a14400" style="position:absolute;font-family:&apos;Arial&apos;;left:509.1px;top:509.1px;">29 </div><div id="a14403" style="position:absolute;font-family:&apos;Arial&apos;;left:584.9px;top:509.1px;">(9) </div><div id="a14406" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:509.1px;">- </div><div id="a14409" style="position:absolute;font-family:&apos;Arial&apos;;left:721.1px;top:509.1px;">(0) </div><div id="a14411" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:537.2px;">Impairment </div><div id="a14413" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:275.1px;top:537.2px;">1,798 </div><div id="a14416" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:537.2px;">- </div><div id="a14419" style="position:absolute;font-family:&apos;Arial&apos;;left:421.2px;top:537.2px;">1,777 </div><div id="a14422" style="position:absolute;font-family:&apos;Arial&apos;;left:509.1px;top:537.2px;">29 </div><div id="a14425" style="position:absolute;font-family:&apos;Arial&apos;;left:584.9px;top:537.2px;">(9) </div><div id="a14428" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:537.2px;">- </div><div id="a14431" style="position:absolute;font-family:&apos;Arial&apos;;left:721.1px;top:537.2px;">(0) </div><div id="a14447" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:570.2px;">Exploration expenses </div><div id="a14449" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:295.9px;top:570.2px;">4 </div><div id="a14452" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:570.2px;">- </div><div id="a14455" style="position:absolute;font-family:&apos;Arial&apos;;left:442px;top:570.2px;">0 </div><div id="a14458" style="position:absolute;font-family:&apos;Arial&apos;;left:515px;top:570.2px;">4 </div><div id="a14461" style="position:absolute;font-family:&apos;Arial&apos;;left:590.3px;top:570.2px;">- </div><div id="a14464" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:570.2px;">- </div><div id="a14467" style="position:absolute;font-family:&apos;Arial&apos;;left:726.5px;top:570.2px;">- </div><div id="a14469" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:587.6px;">Impairment </div><div id="a14471" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:295.9px;top:587.6px;">4 </div><div id="a14474" style="position:absolute;font-family:&apos;Arial&apos;;left:371.4px;top:587.6px;">- </div><div id="a14477" style="position:absolute;font-family:&apos;Arial&apos;;left:442px;top:587.6px;">0 </div><div id="a14480" style="position:absolute;font-family:&apos;Arial&apos;;left:515px;top:587.6px;">4 </div><div id="a14483" style="position:absolute;font-family:&apos;Arial&apos;;left:590.3px;top:587.6px;">- </div><div id="a14486" style="position:absolute;font-family:&apos;Arial&apos;;left:670.5px;top:587.6px;">- </div><div id="a14489" style="position:absolute;font-family:&apos;Arial&apos;;left:726.5px;top:587.6px;">- </div><div id="a14505" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:605.3px;">Sum of adjustments to net operating </div><div id="a14506" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:619.3px;">income/(loss) </div><div id="a14508" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:275.1px;top:617.9px;">1,411 </div><div id="a14511" style="position:absolute;font-family:&apos;Arial&apos;;left:359.9px;top:617.9px;">(45) </div><div id="a14514" style="position:absolute;font-family:&apos;Arial&apos;;left:421.2px;top:617.9px;">1,749 </div><div id="a14517" style="position:absolute;font-family:&apos;Arial&apos;;left:509.1px;top:617.9px;">37 </div><div id="a14520" style="position:absolute;font-family:&apos;Arial&apos;;left:572.9px;top:617.9px;">(680) </div><div id="a14523" style="position:absolute;font-family:&apos;Arial&apos;;left:665.1px;top:617.9px;">(0) </div><div id="a14526" style="position:absolute;font-family:&apos;Arial&apos;;left:712.3px;top:617.9px;">350 </div><div id="a14542" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:662.1px;">Adjusted earnings/(loss) [5] </div><div id="a14544" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:269.2px;top:662.1px;">14,989 </div><div id="a14547" style="position:absolute;font-family:&apos;Arial&apos;;left:342.3px;top:662.1px;">14,813 </div><div id="a14550" style="position:absolute;font-family:&apos;Arial&apos;;left:430.1px;top:662.1px;">688 </div><div id="a14553" style="position:absolute;font-family:&apos;Arial&apos;;left:503.1px;top:662.1px;">587 </div><div id="a14556" style="position:absolute;font-family:&apos;Arial&apos;;left:564.1px;top:662.1px;">(1,007) </div><div id="a14559" style="position:absolute;font-family:&apos;Arial&apos;;left:659px;top:662.1px;">(38) </div><div id="a14562" style="position:absolute;font-family:&apos;Arial&apos;;left:715px;top:662.1px;">(54) </div><div id="a14578" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:695.7px;">Tax on adjusted earnings </div><div id="a14580" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:266.1px;top:695.7px;">(10,592) </div><div id="a14583" style="position:absolute;font-family:&apos;Arial&apos;;left:339.3px;top:695.7px;">(11,315) </div><div id="a14586" style="position:absolute;font-family:&apos;Arial&apos;;left:426.9px;top:695.7px;">(180) </div><div id="a14589" style="position:absolute;font-family:&apos;Arial&apos;;left:505.9px;top:695.7px;">(14) </div><div id="a14592" style="position:absolute;font-family:&apos;Arial&apos;;left:576.1px;top:695.7px;">911 </div><div id="a14595" style="position:absolute;font-family:&apos;Arial&apos;;left:668.1px;top:695.7px;">8 </div><div id="a14598" style="position:absolute;font-family:&apos;Arial&apos;;left:721.1px;top:695.7px;">(2) </div><div id="a14614" style="position:absolute;font-family:&apos;Arial&apos;;left:63.2px;top:729.3px;">Adjusted earnings/(loss) after tax [5] </div><div id="a14616" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:275.1px;top:729.3px;">4,397 </div><div id="a14619" style="position:absolute;font-family:&apos;Arial&apos;;left:348.2px;top:729.3px;">3,498 </div><div id="a14622" style="position:absolute;font-family:&apos;Arial&apos;;left:430.1px;top:729.3px;">508 </div><div id="a14625" style="position:absolute;font-family:&apos;Arial&apos;;left:503.1px;top:729.3px;">574 </div><div id="a14628" style="position:absolute;font-family:&apos;Arial&apos;;left:578.8px;top:729.3px;">(96) </div><div id="a14631" style="position:absolute;font-family:&apos;Arial&apos;;left:659px;top:729.3px;">(30) </div><div id="a14634" style="position:absolute;font-family:&apos;Arial&apos;;left:715px;top:729.3px;">(57) </div></div>
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<div id="a14652" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>40 </div><div id="a14657" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:94.7px;">Adjusted earnings after tax by reporting segment </div><div id="a14681" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:459.3px;top:118.5px;">Quarters </div><div id="a14684" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:286.9px;top:130.8px;">Q1 2022 </div><div id="a14689" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:460.9px;top:130.8px;">Q4 2021 </div><div id="a14694" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:635px;top:130.8px;">Q1 2021 </div><div id="a14697" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:170.2px;">(in USD million) </div><div id="a14699" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:235.2px;top:157.9px;">Adjusted </div><div id="a14700" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:236.2px;top:170.2px;">earnings </div><div id="a14702" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:299.3px;top:145.4px;">Tax on </div><div id="a14703" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:290.9px;top:157.9px;">adjusted </div><div id="a14704" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:290.3px;top:170.2px;">earnings </div><div id="a14706" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:343.3px;top:145.4px;">Adjusted </div><div id="a14707" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:344.4px;top:157.9px;">earnings </div><div id="a14708" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:346.8px;top:170.2px;">after tax </div><div id="a14711" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:409.3px;top:157.9px;">Adjusted </div><div id="a14712" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:410.3px;top:170.2px;">earnings </div><div id="a14714" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:473.2px;top:145.4px;">Tax on </div><div id="a14715" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:464.9px;top:157.9px;">adjusted </div><div id="a14716" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:464.3px;top:170.2px;">earnings </div><div id="a14718" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:517.4px;top:145.4px;">Adjusted </div><div id="a14719" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:518.5px;top:157.9px;">earnings </div><div id="a14720" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:520.9px;top:170.2px;">after tax </div><div id="a14723" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:583.3px;top:157.9px;">Adjusted </div><div id="a14724" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:584.3px;top:170.2px;">earnings </div><div id="a14726" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:647.3px;top:145.4px;">Tax on </div><div id="a14727" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:639px;top:157.9px;">adjusted </div><div id="a14728" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:638.4px;top:170.2px;">earnings </div><div id="a14730" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:691.3px;top:145.4px;">Adjusted </div><div id="a14731" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:692.5px;top:157.9px;">earnings </div><div id="a14732" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:694.9px;top:170.2px;">after tax </div><div id="a14748" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:212.5px;">E&amp;P Norway </div><div id="a14750" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:238.4px;top:212.5px;">16,258 </div><div id="a14752" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:289.5px;top:212.5px;">(12,602) </div><div id="a14754" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:352.4px;top:212.5px;">3,656 </div><div id="a14757" style="position:absolute;font-family:&apos;Arial&apos;;left:412.5px;top:212.5px;">14,813 </div><div id="a14759" style="position:absolute;font-family:&apos;Arial&apos;;left:463.5px;top:212.5px;">(11,315) </div><div id="a14761" style="position:absolute;font-family:&apos;Arial&apos;;left:526.5px;top:212.5px;">3,498 </div><div id="a14764" style="position:absolute;font-family:&apos;Arial&apos;;left:592.4px;top:212.5px;">3,563 </div><div id="a14766" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:212.5px;">(2,586) </div><div id="a14768" style="position:absolute;font-family:&apos;Arial&apos;;left:709.4px;top:212.5px;">977 </div><div id="a14770" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:229.3px;">E&amp;P International </div><div id="a14772" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:244.3px;top:229.3px;">1,081 </div><div id="a14774" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:304.2px;top:229.3px;">(234) </div><div id="a14776" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:361.3px;top:229.3px;">846 </div><div id="a14779" style="position:absolute;font-family:&apos;Arial&apos;;left:427.4px;top:229.3px;">688 </div><div id="a14781" style="position:absolute;font-family:&apos;Arial&apos;;left:478.2px;top:229.3px;">(180) </div><div id="a14783" style="position:absolute;font-family:&apos;Arial&apos;;left:535.5px;top:229.3px;">508 </div><div id="a14786" style="position:absolute;font-family:&apos;Arial&apos;;left:601.4px;top:229.3px;">382 </div><div id="a14788" style="position:absolute;font-family:&apos;Arial&apos;;left:652.3px;top:229.3px;">(206) </div><div id="a14790" style="position:absolute;font-family:&apos;Arial&apos;;left:709.4px;top:229.3px;">176 </div><div id="a14792" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:246.1px;">E&amp;P USA </div><div id="a14794" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:253.3px;top:246.1px;">713 </div><div id="a14796" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:310.1px;top:246.1px;">(13) </div><div id="a14798" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:361.3px;top:246.1px;">700 </div><div id="a14801" style="position:absolute;font-family:&apos;Arial&apos;;left:427.4px;top:246.1px;">587 </div><div id="a14803" style="position:absolute;font-family:&apos;Arial&apos;;left:484.1px;top:246.1px;">(14) </div><div id="a14805" style="position:absolute;font-family:&apos;Arial&apos;;left:535.5px;top:246.1px;">574 </div><div id="a14808" style="position:absolute;font-family:&apos;Arial&apos;;left:601.4px;top:246.1px;">192 </div><div id="a14810" style="position:absolute;font-family:&apos;Arial&apos;;left:664.3px;top:246.1px;">(0) </div><div id="a14812" style="position:absolute;font-family:&apos;Arial&apos;;left:709.4px;top:246.1px;">192 </div><div id="a14814" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:262.9px;">MMP </div><div id="a14816" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:259.2px;top:262.9px;">22 </div><div id="a14818" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:319.3px;top:262.9px;">6 </div><div id="a14820" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:367.3px;top:262.9px;">27 </div><div id="a14823" style="position:absolute;font-family:&apos;Arial&apos;;left:415.4px;top:262.9px;">(1,007) </div><div id="a14825" style="position:absolute;font-family:&apos;Arial&apos;;left:481.4px;top:262.9px;">911 </div><div id="a14827" style="position:absolute;font-family:&apos;Arial&apos;;left:538.2px;top:262.9px;">(96) </div><div id="a14830" style="position:absolute;font-family:&apos;Arial&apos;;left:607.3px;top:262.9px;">61 </div><div id="a14832" style="position:absolute;font-family:&apos;Arial&apos;;left:658.2px;top:262.9px;">(31) </div><div id="a14834" style="position:absolute;font-family:&apos;Arial&apos;;left:715.3px;top:262.9px;">30 </div><div id="a14836" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:279.7px;">REN </div><div id="a14838" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:256px;top:279.7px;">(10) </div><div id="a14840" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:319.3px;top:279.7px;">3 </div><div id="a14842" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:370.1px;top:279.7px;">(7) </div><div id="a14845" style="position:absolute;font-family:&apos;Arial&apos;;left:430.1px;top:279.7px;">(38) </div><div id="a14847" style="position:absolute;font-family:&apos;Arial&apos;;left:493.2px;top:279.7px;">8 </div><div id="a14849" style="position:absolute;font-family:&apos;Arial&apos;;left:538.2px;top:279.7px;">(30) </div><div id="a14852" style="position:absolute;font-family:&apos;Arial&apos;;left:604.1px;top:279.7px;">(38) </div><div id="a14854" style="position:absolute;font-family:&apos;Arial&apos;;left:667.3px;top:279.7px;">4 </div><div id="a14856" style="position:absolute;font-family:&apos;Arial&apos;;left:712.1px;top:279.7px;">(34) </div><div id="a14858" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:296.5px;">Other </div><div id="a14860" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:256px;top:296.5px;">(72) </div><div id="a14862" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:313.3px;top:296.5px;">29 </div><div id="a14864" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:364.1px;top:296.5px;">(43) </div><div id="a14867" style="position:absolute;font-family:&apos;Arial&apos;;left:430.1px;top:296.5px;">(54) </div><div id="a14869" style="position:absolute;font-family:&apos;Arial&apos;;left:490.2px;top:296.5px;">(2) </div><div id="a14871" style="position:absolute;font-family:&apos;Arial&apos;;left:538.2px;top:296.5px;">(57) </div><div id="a14874" style="position:absolute;font-family:&apos;Arial&apos;;left:604.1px;top:296.5px;">(76) </div><div id="a14876" style="position:absolute;font-family:&apos;Arial&apos;;left:661.4px;top:296.5px;">23 </div><div id="a14878" style="position:absolute;font-family:&apos;Arial&apos;;left:712.1px;top:296.5px;">(53) </div><div id="a14892" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:330.1px;">Total Equinor consolidation </div><div id="a14894" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:238.4px;top:330.1px;">17,991 </div><div id="a14896" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:289.5px;top:330.1px;">(12,812) </div><div id="a14898" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:352.4px;top:330.1px;">5,179 </div><div id="a14901" style="position:absolute;font-family:&apos;Arial&apos;;left:412.5px;top:330.1px;">14,989 </div><div id="a14903" style="position:absolute;font-family:&apos;Arial&apos;;left:463.5px;top:330.1px;">(10,592) </div><div id="a14905" style="position:absolute;font-family:&apos;Arial&apos;;left:526.5px;top:330.1px;">4,397 </div><div id="a14908" style="position:absolute;font-family:&apos;Arial&apos;;left:592.4px;top:330.1px;">4,085 </div><div id="a14910" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:330.1px;">(2,796) </div><div id="a14912" style="position:absolute;font-family:&apos;Arial&apos;;left:700.5px;top:330.1px;">1,289 </div><div id="a14926" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:385.7px;">Effective tax rates on adjusted </div><div id="a14927" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:399.9px;">earnings </div><div id="a14931" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:352.9px;top:399.9px;">71.2% </div><div id="a14936" style="position:absolute;font-family:&apos;Arial&apos;;left:527px;top:399.9px;">70.7% </div><div id="a14941" style="position:absolute;font-family:&apos;Arial&apos;;left:700.9px;top:399.9px;">68.4% </div><div id="a14957" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:506.4px;">Reconciliation of adjusted earnings after tax to net income<div style="display:inline-block;width:2.3px">&#160;</div></div><div id="a14964" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:60.5px;top:531.3px;">Reconciliation of adjusted earnings after tax to net income<div style="display:inline-block;width:2.1px">&#160;</div></div><div id="a14967" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:636.5px;top:529.6px;">Quarters </div><div id="a14969" style="position:absolute;font-family:&apos;Arial&apos;;font-size:8px;font-weight:bold;left:60.5px;top:556.9px;">(in USD million) </div><div id="a14972" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:590.3px;top:555.2px;">Q1 2022 </div><div id="a14974" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:644.5px;top:555.2px;">Q4 2021 </div><div id="a14976" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:698.4px;top:555.2px;">Q1 2021 </div><div id="a14983" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:608.9px;">Net operating income/(loss) </div><div id="a14985" style="position:absolute;font-family:&apos;Arial&apos;;left:485.5px;top:608.9px;">A </div><div id="a14987" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:589.5px;top:608.9px;">18,392 </div><div id="a14989" style="position:absolute;font-family:&apos;Arial&apos;;left:643.7px;top:608.9px;">13,578 </div><div id="a14991" style="position:absolute;font-family:&apos;Arial&apos;;left:703.5px;top:608.9px;">5,220 </div><div id="a14993" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:636.5px;">Income tax less tax on net financial items </div><div id="a14995" style="position:absolute;font-family:&apos;Arial&apos;;left:485.5px;top:636.5px;">B </div><div id="a14997" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:589.5px;top:636.5px;">12,572 </div><div id="a14999" style="position:absolute;font-family:&apos;Arial&apos;;left:643.7px;top:636.5px;">10,033 </div><div id="a15001" style="position:absolute;font-family:&apos;Arial&apos;;left:703.5px;top:636.5px;">2,863 </div><div id="a15008" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:692px;">Net operating income after tax </div><div id="a15011" 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style="position:absolute;font-family:&apos;Arial&apos;;left:649.6px;top:747.5px;">1,411 </div><div id="a15035" style="position:absolute;font-family:&apos;Arial&apos;;left:700.5px;top:747.5px;">(1,135) </div><div id="a15037" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:774.9px;">Tax on items impacting net operating income </div><div id="a15039" style="position:absolute;font-family:&apos;Arial&apos;;left:485.5px;top:774.9px;">E </div><div id="a15041" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:604.4px;top:774.9px;">239 </div><div id="a15043" style="position:absolute;font-family:&apos;Arial&apos;;left:658.5px;top:774.9px;">559 </div><div id="a15045" style="position:absolute;font-family:&apos;Arial&apos;;left:715.2px;top:774.9px;">(67) </div><div id="a15052" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:830.5px;">Adjusted earnings after tax [5] </div><div id="a15054" style="position:absolute;font-family:&apos;Arial&apos;;left:485.5px;top:830.5px;">F = C+D-E </div><div id="a15058" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:595.5px;top:830.5px;">5,179 </div><div id="a15060" style="position:absolute;font-family:&apos;Arial&apos;;left:649.6px;top:830.5px;">4,397 </div><div id="a15062" style="position:absolute;font-family:&apos;Arial&apos;;left:703.5px;top:830.5px;">1,289 </div><div id="a15069" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:886.1px;">Net financial items </div><div id="a15071" style="position:absolute;font-family:&apos;Arial&apos;;left:485.5px;top:886.1px;">G </div><div id="a15073" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:592.4px;top:886.1px;">(1,169) </div><div id="a15075" style="position:absolute;font-family:&apos;Arial&apos;;left:655.3px;top:886.1px;">(443) </div><div id="a15077" style="position:absolute;font-family:&apos;Arial&apos;;left:709.3px;top:886.1px;">(707) </div><div id="a15079" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:913.5px;">Tax on net financial items </div><div id="a15081" style="position:absolute;font-family:&apos;Arial&apos;;left:485.5px;top:913.5px;">H </div><div id="a15083" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:610.3px;top:913.5px;">64 </div><div id="a15085" style="position:absolute;font-family:&apos;Arial&apos;;left:658.5px;top:913.5px;">267 </div><div id="a15087" style="position:absolute;font-family:&apos;Arial&apos;;left:712.5px;top:913.5px;">204 </div><div id="a15094" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:969px;">Net income/(loss) </div><div id="a15096" style="position:absolute;font-family:&apos;Arial&apos;;left:485.5px;top:969px;">I = C+G+H </div><div id="a15098" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:595.5px;top:969px;">4,714 </div><div id="a15100" style="position:absolute;font-family:&apos;Arial&apos;;left:649.6px;top:969px;">3,370 </div><div id="a15102" style="position:absolute;font-family:&apos;Arial&apos;;left:703.5px;top:969px;">1,854 </div><div id="a15109" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:1016.5px;">1) Represents the total adjustments to net operating<div style="display:inline-block;width:1.6px">&#160;</div>income made to arrive at adjusted earnings<div style="display:inline-block;width:1.6px">&#160;</div>(i.e., adjusted purchases, adjusted operating </div></div>
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<div id="a15113" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>41 </div><div id="a15118" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:94.8px;">and administrative expenses, adjusted depreciation,<div style="display:inline-block;width:1.7px">&#160;</div>amortisation and impairment expenses and adjusted<div style="display:inline-block;width:1.3px">&#160;</div>exploration expenses, each of which </div><div id="a15120" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:108.8px;">are presented and reconciled to the relevant<div style="display:inline-block;width:1.7px">&#160;</div>related IFRS figure for the periods<div style="display:inline-block;width:2.1px">&#160;</div>presented in this report). </div></div>
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<div id="a15126" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>42 </div><div id="a15131" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:94.7px;">Adjusted earnings MMP break down </div><div id="a15138" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:117.7px;">Adjusted earnings break down </div><div id="a15140" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:579.5px;top:117.7px;">Quarters </div><div id="a15142" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:696.9px;top:117.7px;">Change </div><div id="a15144" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:143.5px;">(in USD million) </div><div id="a15146" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:533.4px;top:143.5px;">Q1 2022 </div><div id="a15148" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:587.3px;top:143.5px;">Q4 2021 </div><div id="a15150" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:641.4px;top:143.5px;">Q1 2021 </div><div id="a15152" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:689.7px;top:143.5px;">Q1 on Q1 </div><div id="a15159" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:197.2px;">Natural Gas Europe </div><div id="a15161" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:544.3px;top:197.2px;">(383) </div><div id="a15163" style="position:absolute;font-family:&apos;Arial&apos;;left:589.4px;top:197.2px;">(1,274) </div><div id="a15165" style="position:absolute;font-family:&apos;Arial&apos;;left:658.2px;top:197.2px;">(30) </div><div id="a15167" style="position:absolute;font-family:&apos;Arial&apos;;left:690.5px;top:197.2px;">&gt;(100%) </div><div id="a15169" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:224.5px;">Natural Gas US </div><div id="a15171" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.5px;top:224.5px;">123 </div><div id="a15173" style="position:absolute;font-family:&apos;Arial&apos;;left:604.1px;top:224.5px;">(31) </div><div id="a15175" style="position:absolute;font-family:&apos;Arial&apos;;left:667.3px;top:224.5px;">2 </div><div id="a15177" style="position:absolute;font-family:&apos;Arial&apos;;left:697.7px;top:224.5px;">&gt;100% </div><div id="a15179" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:252.1px;">Liquids </div><div id="a15181" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:547.5px;top:252.1px;">235 </div><div id="a15183" style="position:absolute;font-family:&apos;Arial&apos;;left:604.1px;top:252.1px;">(15) </div><div id="a15185" style="position:absolute;font-family:&apos;Arial&apos;;left:655.5px;top:252.1px;">156 </div><div id="a15187" style="position:absolute;font-family:&apos;Arial&apos;;left:709.9px;top:252.1px;">51% </div><div id="a15189" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:279.4px;">Other </div><div id="a15191" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:553.4px;top:279.4px;">46 </div><div id="a15193" style="position:absolute;font-family:&apos;Arial&apos;;left:601.4px;top:279.4px;">313 </div><div id="a15195" style="position:absolute;font-family:&apos;Arial&apos;;left:658.2px;top:279.4px;">(66) </div><div id="a15197" style="position:absolute;font-family:&apos;Arial&apos;;left:713.4px;top:279.4px;">N/A 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style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:572.4px;top:424.5px;">Quarters </div><div id="a15228" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:690.1px;top:424.5px;">Change </div><div id="a15230" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:438.6px;">(in USD million) </div><div id="a15232" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:526.3px;top:438.6px;">Q1 2022 </div><div id="a15234" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:580.4px;top:438.6px;">Q4 2021 </div><div id="a15236" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:634.4px;top:438.6px;">Q1 2021 </div><div id="a15238" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:682.9px;top:438.6px;">Q1 on Q1 </div><div id="a15245" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:467.3px;">E&amp;P Norway exploration expenditures </div><div id="a15247" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:540.4px;top:467.3px;">127 </div><div id="a15249" style="position:absolute;font-family:&apos;Arial&apos;;left:594.5px;top:467.3px;">114 </div><div id="a15251" style="position:absolute;font-family:&apos;Arial&apos;;left:648.5px;top:467.3px;">114 </div><div id="a15253" style="position:absolute;font-family:&apos;Arial&apos;;left:703px;top:467.3px;">11% </div><div id="a15255" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:494.8px;">E&amp;P International exploration expenditures </div><div id="a15257" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:546.3px;top:494.8px;">44 </div><div id="a15259" style="position:absolute;font-family:&apos;Arial&apos;;left:600.4px;top:494.8px;">97 </div><div id="a15261" style="position:absolute;font-family:&apos;Arial&apos;;left:648.5px;top:494.8px;">133 </div><div id="a15263" style="position:absolute;font-family:&apos;Arial&apos;;left:695.8px;top:494.8px;">(67%) </div><div id="a15265" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:522.2px;">E&amp;P USA exploration expenditures </div><div id="a15267" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:546.3px;top:522.2px;">51 </div><div id="a15269" style="position:absolute;font-family:&apos;Arial&apos;;left:600.4px;top:522.2px;">59 </div><div id="a15271" style="position:absolute;font-family:&apos;Arial&apos;;left:654.4px;top:522.2px;">17 </div><div id="a15273" style="position:absolute;font-family:&apos;Arial&apos;;left:690.9px;top:522.2px;">&gt;100% </div><div id="a15280" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:577.7px;">Group exploration expenditures </div><div id="a15282" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:540.4px;top:577.7px;">222 </div><div id="a15284" style="position:absolute;font-family:&apos;Arial&apos;;left:594.5px;top:577.7px;">269 </div><div id="a15286" style="position:absolute;font-family:&apos;Arial&apos;;left:648.5px;top:577.7px;">264 </div><div id="a15288" style="position:absolute;font-family:&apos;Arial&apos;;left:689.9px;top:577.7px;">(16%)</div><div id="a15289" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:718.4px;top:577.4px;">1)</div><div id="a15291" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:605.3px;">Expensed, previously capitalised exploration expenditures </div><div id="a15294" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:546.3px;top:605.3px;">26 </div><div id="a15296" style="position:absolute;font-family:&apos;Arial&apos;;left:603.3px;top:605.3px;">(2) </div><div id="a15298" style="position:absolute;font-family:&apos;Arial&apos;;left:654.4px;top:605.3px;">47 </div><div id="a15300" style="position:absolute;font-family:&apos;Arial&apos;;left:695.8px;top:605.3px;">(44%) </div><div id="a15302" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:632.6px;">Capitalised share of current period's exploration<div style="display:inline-block;width:1.7px">&#160;</div>activity </div><div id="a15304" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:543.1px;top:632.6px;">(91) </div><div id="a15306" style="position:absolute;font-family:&apos;Arial&apos;;left:597.2px;top:632.6px;">(65) </div><div id="a15308" style="position:absolute;font-family:&apos;Arial&apos;;left:651.2px;top:632.6px;">(81) </div><div id="a15310" style="position:absolute;font-family:&apos;Arial&apos;;left:703px;top:632.6px;">13% </div><div id="a15312" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:660.1px;">Impairment (reversal of impairment) </div><div id="a15314" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:546.3px;top:660.1px;">46 </div><div id="a15316" style="position:absolute;font-family:&apos;Arial&apos;;left:606.3px;top:660.1px;">4 </div><div id="a15318" style="position:absolute;font-family:&apos;Arial&apos;;left:654.4px;top:660.1px;">17 </div><div id="a15320" style="position:absolute;font-family:&apos;Arial&apos;;left:690.9px;top:660.1px;">&gt;100% </div><div id="a15327" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:715.7px;">Exploration expenses according to IFRS </div><div id="a15329" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:540.4px;top:715.7px;">203 </div><div id="a15331" style="position:absolute;font-family:&apos;Arial&apos;;left:594.5px;top:715.7px;">206 </div><div id="a15333" style="position:absolute;font-family:&apos;Arial&apos;;left:648.5px;top:715.7px;">247 </div><div id="a15335" style="position:absolute;font-family:&apos;Arial&apos;;left:695.8px;top:715.7px;">(18%) </div><div id="a15342" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:761.1px;">Items impacting net operating income/(loss)</div><div id="a15343" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:266.9px;top:760.8px;">2)</div><div id="a15345" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:543.1px;top:761.1px;">(46) </div><div id="a15347" style="position:absolute;font-family:&apos;Arial&apos;;left:603.3px;top:761.1px;">(4) </div><div id="a15349" style="position:absolute;font-family:&apos;Arial&apos;;left:651.2px;top:761.1px;">(17) </div><div id="a15351" style="position:absolute;font-family:&apos;Arial&apos;;left:690.9px;top:761.1px;">&gt;100% </div><div id="a15358" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:805.6px;">Adjusted exploration expenses </div><div id="a15360" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:540.4px;top:805.6px;">157 </div><div id="a15362" style="position:absolute;font-family:&apos;Arial&apos;;left:594.5px;top:805.6px;">202 </div><div id="a15364" style="position:absolute;font-family:&apos;Arial&apos;;left:648.5px;top:805.6px;">230 </div><div id="a15366" style="position:absolute;font-family:&apos;Arial&apos;;left:695.8px;top:805.6px;">(32%) </div><div id="a15378" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:868.2px;">1) Activity on 15 wells in the first quarter<div style="display:inline-block;width:1.7px">&#160;</div>of 2022 where 11 were completed, compared to activity on 16<div style="display:inline-block;width:1.6px">&#160;</div>wells in the first quarter of 2021 </div><div id="a15380" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:882.3px;">where 5 were completed.<div style="display:inline-block;width:366.9px">&#160;</div></div><div id="a15383" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:909.6px;">2) For items impacting net operating income/(loss),<div style="display:inline-block;width:1.4px">&#160;</div>see Reconciliation of net operating income/(loss)<div style="display:inline-block;width:1.7px">&#160;</div>to adjusted earnings in the </div><div id="a15386" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:923.9px;">Supplementary disclosures. </div></div>
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<div id="a15390" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>43 </div><div id="a15395" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:96.4px;">Calculation of capital employed and net debt to capital employed ratio</div><div id="a15398" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:115.6px;">The table below reconciles the net interest-bearing debt adjusted, the capital employed, the net debt to<div style="display:inline-block;width:1.8px">&#160;</div>capital employed ratio </div><div id="a15401" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:131px;">adjusted including lease liabilities and the net debt to capital employed adjusted ratio<div style="display:inline-block;width:1.8px">&#160;</div>with the most directly comparable financial </div><div id="a15404" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:146.4px;">measure or measures calculated in accordance with IFRS.</div><div id="a15407" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:179.6px;">Calculation of capital employed and net debt to capital<div style="display:inline-block;width:4px">&#160;</div>employed ratio </div><div id="a15410" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:586.5px;top:179.2px;">At 31 </div><div id="a15411" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:581.9px;top:191.5px;">March </div><div id="a15413" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:651.5px;top:179.2px;">At 31 </div><div id="a15414" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:629.1px;top:191.5px;">December </div><div id="a15416" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:686.5px;top:179.6px;">At 31 March </div><div id="a15418" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:60.5px;top:205.4px;">(in USD million) </div><div id="a15422" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:588.4px;top:205.4px;">2022 </div><div id="a15424" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:653.4px;top:205.4px;">2021 </div><div id="a15426" style="position:absolute;font-family:&apos;Arial&apos;;font-size:9.28px;font-weight:bold;left:718.5px;top:205.4px;">2021 </div><div id="a15433" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:233.3px;">Shareholders' equity </div><div id="a15436" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:572.6px;top:233.3px;">43,233 </div><div id="a15438" style="position:absolute;font-family:&apos;Arial&apos;;left:637.6px;top:233.3px;">39,010 </div><div id="a15440" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:233.3px;">35,764 </div><div id="a15442" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:260.7px;">Non-controlling interests </div><div id="a15447" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:593.4px;top:260.7px;">19 </div><div id="a15449" style="position:absolute;font-family:&apos;Arial&apos;;left:658.4px;top:260.7px;">14 </div><div id="a15451" style="position:absolute;font-family:&apos;Arial&apos;;left:723.5px;top:260.7px;">18 </div><div id="a15458" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:316.2px;">Total equity<div style="display:inline-block;width:3.8px">&#160;</div></div><div id="a15460" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:316.2px;">A </div><div id="a15462" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:572.6px;top:316.2px;">43,251 </div><div id="a15464" style="position:absolute;font-family:&apos;Arial&apos;;left:637.6px;top:316.2px;">39,024 </div><div id="a15466" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:316.2px;">35,782 </div><div id="a15473" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:371.8px;">Current finance debt and lease liabilities </div><div id="a15476" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:578.5px;top:371.8px;">6,649 </div><div id="a15478" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:371.8px;">6,386 </div><div id="a15480" style="position:absolute;font-family:&apos;Arial&apos;;left:708.6px;top:371.8px;">3,915 </div><div id="a15482" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:399.3px;">Non-current finance debt and lease liabilities </div><div id="a15488" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:572.6px;top:399.3px;">27,493 </div><div id="a15490" style="position:absolute;font-family:&apos;Arial&apos;;left:637.6px;top:399.3px;">29,854 </div><div id="a15492" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:399.3px;">30,997 </div><div id="a15499" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:454.8px;">Gross interest-bearing debt </div><div id="a15503" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:454.8px;">B </div><div id="a15505" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:572.6px;top:454.8px;">34,142 </div><div id="a15507" style="position:absolute;font-family:&apos;Arial&apos;;left:637.6px;top:454.8px;">36,239 </div><div id="a15509" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:454.8px;">34,913 </div><div id="a15516" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:510.3px;">Cash and cash equivalents </div><div id="a15519" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:572.6px;top:510.3px;">20,882 </div><div id="a15521" style="position:absolute;font-family:&apos;Arial&apos;;left:637.6px;top:510.3px;">14,126 </div><div id="a15523" style="position:absolute;font-family:&apos;Arial&apos;;left:708.6px;top:510.3px;">8,992 </div><div id="a15525" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:537.9px;">Current financial investments </div><div id="a15528" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:572.6px;top:537.9px;">23,689 </div><div id="a15530" style="position:absolute;font-family:&apos;Arial&apos;;left:637.6px;top:537.9px;">21,246 </div><div id="a15532" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:537.9px;">10,922 </div><div id="a15539" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:593.4px;">Cash and cash equivalents and financial investment<div style="display:inline-block;width:1.6px">&#160;</div></div><div id="a15541" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:593.4px;">C </div><div id="a15543" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:572.6px;top:593.4px;">44,571 </div><div id="a15545" style="position:absolute;font-family:&apos;Arial&apos;;left:637.6px;top:593.4px;">35,372 </div><div id="a15547" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:593.4px;">19,914 </div><div id="a15554" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:648.9px;">Net interest-bearing debt [10] </div><div id="a15558" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:648.9px;">B1 = B-C </div><div id="a15562" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:569.5px;top:648.9px;">(10,429) </div><div id="a15564" style="position:absolute;font-family:&apos;Arial&apos;;left:652.5px;top:648.9px;">867 </div><div id="a15566" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:648.9px;">14,998 </div><div id="a15573" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:704.5px;">Other interest-bearing elements</div><div id="a15576" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:210.6px;top:704.1px;"><div style="display:inline-block;width:1.9px">&#160;</div>1)</div><div id="a15580" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:578.5px;top:704.5px;">4,152 </div><div id="a15582" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:704.5px;">2,369 </div><div id="a15584" style="position:absolute;font-family:&apos;Arial&apos;;left:717.6px;top:704.5px;">773 </div><div id="a15586" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:732px;">Normalisation for cash-build up before tax payment<div style="display:inline-block;width:1.6px">&#160;</div>(50% of Tax Payment)</div><div id="a15590" style="position:absolute;font-family:&apos;Arial&apos;;font-size:6.72px;left:411.1px;top:731.7px;"><div style="display:inline-block;width:1.9px">&#160;</div>2)</div><div id="a15594" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:578.5px;top:732px;">2,087 </div><div id="a15596" style="position:absolute;font-family:&apos;Arial&apos;;left:666.7px;top:732px;">- </div><div id="a15598" style="position:absolute;font-family:&apos;Arial&apos;;left:723.5px;top:732px;">39 </div><div id="a15605" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:787.5px;">Net interest-bearing debt adjusted normalised for<div style="display:inline-block;width:1.6px">&#160;</div>tax payment, including lease liabilities </div><div id="a15608" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:801.6px;">[5] </div><div id="a15610" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:801.6px;">B2 </div><div id="a15612" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:575.5px;top:801.6px;">(4,190) </div><div id="a15614" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:801.6px;">3,236 </div><div id="a15616" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:801.6px;">15,811 </div><div id="a15623" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:857.1px;">Lease liabilities </div><div id="a15626" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:578.5px;top:857.1px;">3,677 </div><div id="a15628" style="position:absolute;font-family:&apos;Arial&apos;;left:643.5px;top:857.1px;">3,562 </div><div id="a15630" style="position:absolute;font-family:&apos;Arial&apos;;left:708.6px;top:857.1px;">4,137 </div><div id="a15637" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:912.7px;">Net interest-bearing debt adjusted [5] </div><div id="a15642" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:912.7px;">B3 </div><div id="a15644" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:575.5px;top:912.7px;">(7,867) </div><div id="a15646" style="position:absolute;font-family:&apos;Arial&apos;;left:649.3px;top:912.7px;">(326) </div><div id="a15648" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:912.7px;">11,674 </div><div id="a15655" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:60.5px;top:968.2px;">Calculation of capital employed [5] </div><div id="a15661" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:995.7px;">Capital employed </div><div id="a15663" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:995.7px;">A+B1 </div><div id="a15665" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:572.6px;top:995.7px;">32,823 </div><div id="a15667" style="position:absolute;font-family:&apos;Arial&apos;;left:637.6px;top:995.7px;">39,891 </div><div id="a15669" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:995.7px;">50,781 </div></div>
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<div id="a15673" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>44 </div><div id="a15678" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:94.8px;">Capital employed adjusted, including lease liabilities </div><div id="a15680" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:94.8px;">A+B2 </div><div id="a15682" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:572.6px;top:94.8px;">39,062 </div><div id="a15684" style="position:absolute;font-family:&apos;Arial&apos;;left:637.6px;top:94.8px;">42,259 </div><div id="a15686" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:94.8px;">51,593 </div><div id="a15688" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:122.2px;">Capital employed adjusted </div><div id="a15691" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:122.2px;">A+B3 </div><div id="a15693" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:572.6px;top:122.2px;">35,384 </div><div id="a15695" style="position:absolute;font-family:&apos;Arial&apos;;left:637.6px;top:122.2px;">38,697 </div><div id="a15697" style="position:absolute;font-family:&apos;Arial&apos;;left:702.7px;top:122.2px;">47,456 </div><div id="a15704" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:60.5px;top:177.7px;">Calculated net debt to capital employed [5] </div><div id="a15710" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:205.2px;">Net debt to capital employed </div><div id="a15712" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:205.2px;">(B1)/(A+B1) </div><div id="a15714" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:571.9px;top:205.2px;">(31.8%) </div><div id="a15716" style="position:absolute;font-family:&apos;Arial&apos;;left:649.9px;top:205.2px;">2.2% </div><div id="a15718" style="position:absolute;font-family:&apos;Arial&apos;;left:709.1px;top:205.2px;">29.5% </div><div id="a15720" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:232.5px;">Net debt to capital employed adjusted, including<div style="display:inline-block;width:1.7px">&#160;</div>lease liabilities </div><div id="a15722" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:232.5px;">(B2)/(A+B2) </div><div id="a15724" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:571.9px;top:232.5px;">(10.7%) </div><div id="a15726" style="position:absolute;font-family:&apos;Arial&apos;;left:649.9px;top:232.5px;">7.7% </div><div id="a15728" style="position:absolute;font-family:&apos;Arial&apos;;left:709.1px;top:232.5px;">30.6% </div><div id="a15730" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:260.1px;">Net debt to capital employed adjusted </div><div id="a15732" style="position:absolute;font-family:&apos;Arial&apos;;left:492.6px;top:260.1px;">(B3)/(A+B3) </div><div id="a15734" style="position:absolute;font-family:&apos;Arial&apos;;font-weight:bold;left:571.9px;top:260.1px;">(22.2%) </div><div id="a15736" style="position:absolute;font-family:&apos;Arial&apos;;left:646.4px;top:260.1px;">-0.8% </div><div id="a15739" style="position:absolute;font-family:&apos;Arial&apos;;left:709.1px;top:260.1px;">24.6% </div><div id="a15741" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:297.8px;">1)<div style="display:inline-block;width:14.3px">&#160;</div>Cash and cash equivalents adjustments regarding<div style="display:inline-block;width:1.7px">&#160;</div>collateral deposits classified as cash and cash equivalents<div style="display:inline-block;width:1.5px">&#160;</div>in the Consolidated </div><div id="a15745" style="position:absolute;font-family:&apos;Arial&apos;;left:84.3px;top:312.5px;">balance sheet but considered as non-cash in the non-GAAP<div style="display:inline-block;width:1.4px">&#160;</div>calculations as well as financial investments in<div style="display:inline-block;width:1.5px">&#160;</div>Equinor Insurance AS </div><div id="a15750" style="position:absolute;font-family:&apos;Arial&apos;;left:84.3px;top:327.3px;">classified as current financial investments. </div><div id="a15753" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:341.8px;">2)<div style="display:inline-block;width:14.3px">&#160;</div>Adjustment to net interest-bearing debt for cash<div style="display:inline-block;width:1.7px">&#160;</div>build-up in the first quarter and the third<div style="display:inline-block;width:1.7px">&#160;</div>quarter before tax payment on 1 April and<div style="display:inline-block;width:1.6px">&#160;</div></div><div id="a15761" style="position:absolute;font-family:&apos;Arial&apos;;left:84.3px;top:356.6px;">1 October. This is to exclude 50% of the cash build-up to have<div style="display:inline-block;width:1.7px">&#160;</div>a more even allocation of tax payments<div style="display:inline-block;width:1.4px">&#160;</div>between the four quarters and </div><div id="a15765" style="position:absolute;font-family:&apos;Arial&apos;;left:84.3px;top:371.1px;">hence a more representative net interest-bearing<div style="display:inline-block;width:1.6px">&#160;</div>debt.<div style="display:inline-block;width:2.7px">&#160;</div></div></div>
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<div id="a15771" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>45 </div><div id="a15776" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:60.5px;top:96.2px;">USE AND RECONCILIATION<div style="display:inline-block;width:8.2px">&#160;</div>OF NON-GAAP FINANCIAL </div><div id="a15779" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:60.5px;top:122.8px;">MEASURES </div><div id="a15781" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:161.7px;">Non-GAAP financial measures are defined as numerical measures that either exclude<div style="display:inline-block;width:1.8px">&#160;</div>or include amounts or certain accounting items </div><div id="a15785" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:177.1px;">that are not excluded or included in the comparable measures calculated and presented in<div style="display:inline-block;width:1.7px">&#160;</div>accordance with GAAP (i.e., IFRS).</div><div id="a15791" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:207.6px;">Management considers adjusted earnings and adjusted earnings after tax together with other non-GAAP<div style="display:inline-block;width:1.8px">&#160;</div>financial measures as </div><div id="a15798" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:223px;">defined below, to provide a better indication of the underlying operational and financial performance in the period (excluding </div><div id="a15803" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:238.4px;">financing), and therefore better facilitate comparisons between periods. </div><div id="a15809" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:269.1px;">The following financial measures may be considered non-GAAP financial measures:</div><div id="a15813" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:282.8px;">&#9679;</div><div id="a15815" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:79.4px;top:284.4px;">Adjusted earnings</div><div id="a15816" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:178.4px;top:284.4px;"><div style="display:inline-block;width:3px">&#160;</div>are based on net operating income/(loss) and adjusts for certain items affecting the income for the period in </div><div id="a15853" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:299.6px;">order to separate out effects that management considers may not be well correlated to Equinor&#8217;s<div style="display:inline-block;width:1.7px">&#160;</div>underlying operational </div><div id="a15888" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:315px;">performance in the individual reporting period. Management considers adjusted earnings to be<div style="display:inline-block;width:1.8px">&#160;</div>a supplemental measure to </div><div id="a15920" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:330.4px;">Equinor&#8217;s IFRS measures, which provides an indication of Equinor&#8217;s underlying<div style="display:inline-block;width:1.7px">&#160;</div>operational performance in the period and </div><div id="a15953" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:345.7px;">facilitates an alternative understanding of operational trends between the periods. Adjusted earnings<div style="display:inline-block;width:1.7px">&#160;</div>include adjusted revenues </div><div id="a15983" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:361.1px;">and other income, adjusted purchases, adjusted operating expenses and selling, general and administrative<div style="display:inline-block;width:1.8px">&#160;</div>expenses, adjusted </div><div id="a16013" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:376.5px;">depreciation expenses and adjusted exploration expenses. </div><div id="a16025" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:390px;">&#9679;</div><div id="a16027" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:79.4px;top:391.7px;">Adjusted earnings after tax</div><div id="a16028" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:225.6px;top:391.7px;"><div style="display:inline-block;width:3px">&#160;</div>&#8211; equals the sum of net operating income/(loss) less income tax in business areas and adjustments </div><div id="a16036" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:407px;">to operating income taking the applicable marginal tax into consideration. Adjusted earnings after tax<div style="display:inline-block;width:1.8px">&#160;</div>excludes net financial items </div><div id="a16039" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:422.4px;">and the associated tax effects on net financial items. It is based on adjusted earnings less the tax<div style="display:inline-block;width:1.7px">&#160;</div>effects on all elements included </div><div id="a16041" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:437.8px;">in adjusted earnings (or calculated tax on operating income and on each of the adjusting items<div style="display:inline-block;width:1.8px">&#160;</div>using an estimated marginal tax </div><div id="a16043" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:453.1px;">rate). In addition, tax effect related to tax exposure items not related to the individual reporting<div style="display:inline-block;width:1.8px">&#160;</div>period is excluded from adjusted </div><div id="a16045" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:468.5px;">earnings after tax. Management considers adjusted earnings after tax, which reflects a normalised tax<div style="display:inline-block;width:1.8px">&#160;</div>charge associated with its </div><div id="a16047" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:483.7px;">operational performance excluding the impact of financing, to be a supplemental measure to Equinor&#8217;s<div style="display:inline-block;width:1.4px">&#160;</div>net income. 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As currency exchange rates change between<div style="display:inline-block;width:1.7px">&#160;</div>periods, the basis for measuring </div><div id="a16051" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:529.8px;">net financial items for IFRS will change disproportionally with taxable income which includes<div style="display:inline-block;width:1.8px">&#160;</div>exchange gains and losses from </div><div id="a16053" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:545.1px;">translating the net USD denominated financial positions into the currency of the applicable tax<div style="display:inline-block;width:1.8px">&#160;</div>return. Therefore, the effective tax </div><div id="a16055" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:560.5px;">rate may be significantly higher or lower than the statutory tax rate for any given period. 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There<div style="display:inline-block;width:1.7px">&#160;</div>are material limitations </div><div id="a16074" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:652.5px;">associated with the use of adjusted earnings and adjusted earnings after tax compared with the<div style="display:inline-block;width:1.6px">&#160;</div>IFRS measures as such non-GAAP </div><div id="a16078" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:667.7px;">measures do not include all the items of revenues/gains or expenses/losses of Equinor that are<div style="display:inline-block;width:1.7px">&#160;</div>needed to evaluate its profitability on </div><div id="a16083" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:683.1px;">an overall basis. 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Comparable numbers are presented in the<div style="display:inline-block;width:1.8px">&#160;</div>table Calculation of </div><div id="a16178" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:882.5px;">capital employed and net debt to capital employed ratio in the report include Finance lease<div style="display:inline-block;width:1.7px">&#160;</div>according to IAS17, adjusted for </div><div id="a16180" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:897.8px;">marketing instruction agreement. </div><div id="a16183" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:911.5px;">&#9679;</div><div id="a16185" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:79.4px;top:913.2px;">Organic capital expenditures </div><div id="a16186" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:238.1px;top:913.2px;">&#8211; Capital expenditures, defined as Additions to PP&amp;E, intangibles and equity accounted </div><div id="a16190" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:928.5px;">investments in note 2 Segments to the Condensed interim financial statements, amounted to USD<div style="display:inline-block;width:1.8px">&#160;</div>2.2 billion in the first quarter of </div><div id="a16195" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:943.7px;">2022. Organic capital expenditures are capital expenditures excluding acquisitions, recognised lease<div style="display:inline-block;width:1.8px">&#160;</div>assets (RoU assets) and </div><div id="a16196" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:959.1px;">other investments with significant different cash flow pattern. In the first quarter of 2022, a total<div style="display:inline-block;width:1.8px">&#160;</div>of USD 0.4 billion is excluded in </div><div id="a16202" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:974.5px;">the organic capital expenditures. Forward-looking organic capital expenditures included in<div style="display:inline-block;width:1.8px">&#160;</div>this report are not reconcilable to its </div><div id="a16205" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:989.8px;">most directly comparable IFRS measure without unreasonable efforts, because the amounts excluded from<div style="display:inline-block;width:1.7px">&#160;</div>such IFRS measure to </div><div id="a16207" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:1005.2px;">determine organic capital expenditures cannot be predicted with reasonable certainty. </div></div>
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<div id="a16213" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>46 </div><div id="a16218" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:94.8px;">&#9679;</div><div id="a16220" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:79.4px;top:96.4px;">Gross capital expenditures</div><div id="a16222" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:225px;top:96.4px;"><div style="display:inline-block;width:3.2px">&#160;</div>&#8211; Capital expenditures, defined as Additions to PP&amp;E, intangibles and equity accounted<div style="display:inline-block;width:1.8px">&#160;</div>investments </div><div id="a16226" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:111.6px;">in the financial statements, including Equinor&#8217;s proportionate share of capital expenditures in<div style="display:inline-block;width:1.7px">&#160;</div>equity accounted investments not </div><div id="a16228" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:127px;">included in additions to equity accounted investments. Forward-looking gross capital expenditures<div style="display:inline-block;width:1.7px">&#160;</div>included in this report are not </div><div id="a16231" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:142.4px;">reconcilable to its most directly comparable IFRS measure without unreasonable efforts, because the amounts<div style="display:inline-block;width:1.8px">&#160;</div>excluded from </div><div id="a16234" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:157.7px;">such IFRS measure to determine gross capital expenditures cannot be predicted with reasonable<div style="display:inline-block;width:1.8px">&#160;</div>certainty. </div><div id="a16236" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:171.4px;">&#9679;</div><div id="a16238" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:79.4px;top:173.1px;">Free cash flow for the first quarter of 2022</div><div id="a16244" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:305.7px;top:173.1px;"><div style="display:inline-block;width:3.2px">&#160;</div>includes the following line items in the Consolidated statement of cash flows: Cash </div><div id="a16247" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:188.4px;">flows provided by operating activities before taxes paid and working capital items (USD 20.1 billion), taxes<div style="display:inline-block;width:1.8px">&#160;</div>paid (negative USD 4.3 </div><div id="a16257" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:203.6px;">billion), capital expenditures and investments (negative USD 2.2 billion), (increase)/decrease in other<div style="display:inline-block;width:1.8px">&#160;</div>items interest-bearing (USD </div><div id="a16267" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:219px;">0.0 billion), proceeds from sale of assets and businesses (USD 0.1 billion), dividend<div style="display:inline-block;width:1.7px">&#160;</div>paid (negative USD 0.6 billion) and share </div><div id="a16278" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:79.4px;top:234.4px;">buy-back (negative USD 0.4 billion), resulting in a free cash flow of USD 12.7 billion in the first quarter<div style="display:inline-block;width:1.8px">&#160;</div>of 2022. </div><div id="a16291" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:60.5px;top:273.1px;">Adjusted earnings </div><div id="a16293" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:162.6px;top:273.1px;">adjust for the following items:</div><div id="a16296" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:286.8px;">&#9679;</div><div id="a16298" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:84.5px;top:288.4px;">Changes in fair value of derivatives:</div><div id="a16299" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:278.6px;top:288.4px;"><div style="display:inline-block;width:3.2px">&#160;</div>Certain gas contracts are, due to pricing or delivery conditions, deemed to contain </div><div id="a16301" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:303.6px;">embedded derivatives, required to be carried at fair value. Also, certain transactions related to<div style="display:inline-block;width:1.7px">&#160;</div>historical divestments include </div><div id="a16304" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:319px;">contingent consideration, are carried at fair value. The accounting impacts of changes in fair<div style="display:inline-block;width:1.7px">&#160;</div>value of the aforementioned are </div><div id="a16306" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:334.4px;">excluded from adjusted earnings. In addition, adjustments are also made for changes in the unrealised<div style="display:inline-block;width:1.8px">&#160;</div>fair value of derivatives</div><div id="a16313" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:349.7px;">related to some natural gas trading contracts. Due to the nature of these gas sales contracts, these<div style="display:inline-block;width:1.9px">&#160;</div>are classified as financial </div><div id="a16316" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:365.1px;">derivatives to be measured at fair value at the balance sheet date. Unrealised gains and losses<div style="display:inline-block;width:1.6px">&#160;</div>on these contracts reflect the </div><div id="a16318" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:380.5px;">value of the difference between current market gas prices and the actual prices to be realised under the gas sales<div style="display:inline-block;width:1.8px">&#160;</div>contracts. Only </div><div id="a16320" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:395.7px;">realised gains and losses on these contracts are reflected in adjusted earnings. This presentation best reflects<div style="display:inline-block;width:1.8px">&#160;</div>the underlying </div><div id="a16322" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:411px;">performance of the business as it replaces the effect of temporary timing differences associated with the re-measurements of the </div><div id="a16326" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:426.4px;">derivatives to fair value at the balance sheet date with actual realised gains and losses for<div style="display:inline-block;width:1.8px">&#160;</div>the period. </div><div id="a16329" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:440.1px;">&#9679;</div><div id="a16331" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:84.5px;top:441.8px;">Periodisation of inventory hedging effect: </div><div id="a16333" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:311.9px;top:441.8px;">Commercial storage is hedged in the derivatives market and is accounted for using </div><div id="a16337" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:457.1px;">the lower of cost or market price. If market prices increase above cost price, the inventory will<div style="display:inline-block;width:1.7px">&#160;</div>not reflect this increase in value. </div><div id="a16339" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:472.5px;">There will be a loss on the derivative hedging the inventory since the derivatives always<div style="display:inline-block;width:1.8px">&#160;</div>reflect changes in the market price. An </div><div id="a16341" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:487.7px;">adjustment is made to reflect the unrealised market increase of the commercial storage. As<div style="display:inline-block;width:1.7px">&#160;</div>a result, loss on derivatives is </div><div id="a16342" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:503px;">matched by a similar adjustment for the exposure being managed. If market prices decrease below<div style="display:inline-block;width:1.8px">&#160;</div>cost price, the write-down of </div><div id="a16346" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:518.4px;">the inventory and the derivative effect in the IFRS income statement will offset each other and no adjustment is made.</div><div id="a16349" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:532.1px;">&#9679;</div><div id="a16351" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:84.5px;top:533.8px;">Over/underlift</div><div id="a16352" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:158.9px;top:533.8px;">: Over/underlift is accounted for using the sales method and therefore revenues were reflected<div style="display:inline-block;width:1.7px">&#160;</div>in the period the </div><div id="a16355" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:549.1px;">product was sold rather than in the period it was produced. The over/underlift position<div style="display:inline-block;width:1.8px">&#160;</div>depended on several factors related to our </div><div id="a16360" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:564.5px;">lifting programme and the way it corresponded to our entitlement share of production. The effect on income for the<div style="display:inline-block;width:1.7px">&#160;</div>period is </div><div id="a16364" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:579.7px;">therefore adjusted, to show estimated revenues and associated costs based upon the production<div style="display:inline-block;width:1.8px">&#160;</div>for the period to reflect </div><div id="a16366" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:595px;">operational performance and comparability with peers.<div style="display:inline-block;width:2.4px">&#160;</div></div><div id="a16369" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:608.8px;">&#9679;</div><div id="a16371" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:610.4px;">The </div><div id="a16372" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:107.4px;top:610.4px;">operational storage </div><div id="a16374" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:215.7px;top:610.4px;">is not hedged and is not part of the trading portfolio. Cost of goods sold is measured<div style="display:inline-block;width:1.7px">&#160;</div>based on the </div><div id="a16375" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:625.8px;">FIFO (first-in, first-out) method, and includes realised gains or losses that arise due to<div style="display:inline-block;width:1.7px">&#160;</div>changes in market prices. These gains or </div><div id="a16382" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:641.1px;">losses will fluctuate from one period to another and are not considered part of the underlying<div style="display:inline-block;width:1.8px">&#160;</div>operations for the period. </div><div id="a16384" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:654.9px;">&#9679;</div><div id="a16386" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:84.5px;top:656.5px;">Impairment and reversal of impairment </div><div id="a16387" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:296.9px;top:656.5px;">are excluded from adjusted earnings since they affect the economics of an asset for </div><div id="a16388" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:671.7px;">the lifetime of that asset, not only the period in which it is impaired, or the impairment<div style="display:inline-block;width:1.8px">&#160;</div>is reversed. Impairment and reversal of </div><div id="a16394" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:687.1px;">impairment can impact both the exploration expenses and the depreciation, amortisation and impairment<div style="display:inline-block;width:1.8px">&#160;</div>line items. </div><div id="a16396" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:700.8px;">&#9679;</div><div id="a16398" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:84.5px;top:702.4px;">Gain or loss from sales of assets </div><div id="a16399" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:265.5px;top:702.4px;">is eliminated from the measure since the gain or loss does not give an indication<div style="display:inline-block;width:1.7px">&#160;</div>of future </div><div id="a16400" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:717.8px;">performance or periodic performance; such a gain or loss is related to the cumulative value creation<div style="display:inline-block;width:1.8px">&#160;</div>from the time the asset is </div><div id="a16402" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:733.1px;">acquired until it is sold. </div><div id="a16404" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:746.9px;">&#9679;</div><div id="a16406" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:84.5px;top:748.5px;">Eliminations (Internal unrealised profit on inventories)</div><div id="a16407" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:376.2px;top:748.5px;">:</div><div id="a16409" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:382.6px;top:748.5px;">Volumes derived from equity oil inventory will vary depending on </div><div id="a16410" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:763.7px;">several factors and inventory strategies, i.e.,<div style="display:inline-block;width:2.4px">&#160;</div>level of crude oil in inventory, equity oil used in the refining process and level of in-</div><div id="a16418" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:779.1px;">transit cargoes. Internal profit related to volumes sold between entities within the group, and still<div style="display:inline-block;width:1.8px">&#160;</div>in inventory at period end, is </div><div id="a16420" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:794.4px;">eliminated according to IFRS (write down to production cost). The proportion of realised versus unrealised<div style="display:inline-block;width:1.9px">&#160;</div>gain will fluctuate from </div><div id="a16422" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:809.8px;">one period to another due to inventory strategies and consequently impact net<div style="display:inline-block;width:1.8px">&#160;</div>operating income/(loss). Write-down to production </div><div id="a16428" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:825.1px;">cost is not assessed to be a part of the underlying operational performance, and elimination<div style="display:inline-block;width:1.8px">&#160;</div>of internal profit related to equity </div><div id="a16430" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:840.5px;">volumes is excluded in adjusted earnings. </div><div id="a16434" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:854.1px;">&#9679;</div><div id="a16436" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:84.5px;top:855.7px;">Other items of income and expense </div><div id="a16438" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:279.3px;top:855.7px;">are adjusted when the impacts on income in the period are not reflective of Equinor&#8217;s </div><div id="a16440" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:871.1px;">underlying operational performance in the reporting period. Such items may be unusual<div style="display:inline-block;width:1.8px">&#160;</div>or infrequent transactions, but they may </div><div id="a16442" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:886.5px;">also include transactions that are significant which would not necessarily qualify as either<div style="display:inline-block;width:1.7px">&#160;</div>unusual or infrequent. Other items are </div><div id="a16444" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:901.8px;">carefully assessed and can include transactions such as provisions related to reorganisation,<div style="display:inline-block;width:1.8px">&#160;</div>early retirement, etc. </div><div id="a16446" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:60.5px;top:915.5px;">&#9679;</div><div id="a16448" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:84.5px;top:917.2px;">Change in accounting policy</div><div id="a16449" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:238.9px;top:917.2px;"><div style="display:inline-block;width:3px">&#160;</div>are adjusted when the impacts on income in the period are unusual or infrequent,<div style="display:inline-block;width:1.8px">&#160;</div>and not </div><div id="a16451" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:932.5px;">reflective of Equinor&#8217;s underlying operational performance in the reporting<div style="display:inline-block;width:1.8px">&#160;</div>period. </div><div id="a16455" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:963.1px;">For more information on our use of non-GAAP financial measures, see section 5.2 Use and reconciliation<div style="display:inline-block;width:1.7px">&#160;</div>of non-GAAP financial </div><div id="a16497" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:978.5px;">measures in Equinor's 2021 Annual Report and Form 20-F.</div></div>
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<div id="a16520" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>47 </div><div id="a16525" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:60.5px;top:96.2px;">FORWARD<div style="display:inline-block;width:1.7px">&#160;</div>-LOOKING STATEMENTS </div><div id="a16529" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:125.7px;">This report contains certain forward-looking statements that involve risks and uncertainties. In some cases,<div style="display:inline-block;width:1.8px">&#160;</div>we use words such as </div><div id="a16569" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:141.1px;">"ambition", "continue", "could", "estimate", "intend", "expect", "believe", "likely", "may", "outlook",<div style="display:inline-block;width:1.7px">&#160;</div>"plan", "strategy", "will", "guidance", </div><div id="a16597" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:156.4px;">"targets", and similar expressions to identify forward-looking statements. Forward-looking<div style="display:inline-block;width:1.8px">&#160;</div>statements include all statements other than </div><div id="a16632" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:171.6px;">statements of historical fact, including, among others, statements regarding Equinor's plans, intentions, aims,<div style="display:inline-block;width:1.8px">&#160;</div>ambitions and </div><div id="a16662" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:187px;">expectations, including with respect to the Covid-19 pandemic, its impacts, consequences<div style="display:inline-block;width:1.7px">&#160;</div>and risks and Equinor's response to it; the </div><div id="a16702" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:202.4px;">decision to stop new investments into Russia and trading in Russian oil, and start the process<div style="display:inline-block;width:1.6px">&#160;</div>of exiting Equinor&#8217;s Russian joint </div><div id="a16704" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:217.7px;">ventures; the commitment to develop as a broad energy company; the ambition to be a leader in the<div style="display:inline-block;width:1.8px">&#160;</div>energy transition and reduce net </div><div id="a16749" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:233.1px;">group-wide greenhouse gas emissions by 50% by 2030; future financial performance, including cash flow<div style="display:inline-block;width:1.7px">&#160;</div>and liquidity; accounting </div><div id="a16785" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:248.4px;">policies; the ambition to grow cash flow and returns; plans to improve return on average capital<div style="display:inline-block;width:1.8px">&#160;</div>employed (ROACE) and competitive </div><div id="a16825" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:263.6px;">capital distribution; expectations regarding returns from Equinor&#8217;s<div style="display:inline-block;width:2px">&#160;</div>oil and gas portfolio; plans to develop fields and increase gas </div><div id="a16862" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:279px;">exports; plans for renewables production capacity and investments in renewables; expectations regarding<div style="display:inline-block;width:1.8px">&#160;</div>development of renewables </div><div id="a16892" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:294.4px;">projects, CCUS and hydrogen businesses; market outlook and future economic projections and assumptions, including<div style="display:inline-block;width:1.7px">&#160;</div>commodity </div><div id="a16922" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:309.7px;">price assumptions; organic capital expenditures through 2025; estimates regarding production; the ambition<div style="display:inline-block;width:1.8px">&#160;</div>to keep unit of production </div><div id="a16957" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:325.1px;">cost in the top quartile of our peer group; scheduled maintenance activity and the effects thereof on equity production;<div style="display:inline-block;width:1.8px">&#160;</div>completion and </div><div id="a16999" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:340.4px;">results of acquisitions and disposals; expected amount and timing of dividend payments and the implementation<div style="display:inline-block;width:1.7px">&#160;</div>of our share buy-</div><div id="a17038" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:355.7px;">back programme; and provisions and contingent liabilities. You should not place undue reliance on these forward-looking statements. </div><div id="a17074" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:371px;">Our actual results could differ materially from those anticipated in the forward-looking statements for<div style="display:inline-block;width:1.8px">&#160;</div>many reasons.</div><div id="a17109" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:401.8px;">These forward-looking statements reflect current views about future events and are, by their nature, subject<div style="display:inline-block;width:1.9px">&#160;</div>to significant risks and </div><div id="a17150" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:417.1px;">uncertainties because they relate to events and depend on circumstances that will occur in<div style="display:inline-block;width:1.8px">&#160;</div>the future. There are a number of factors </div><div id="a17194" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:432.5px;">that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking </div><div id="a17232" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:447.7px;">statements, including levels of industry product supply, demand and pricing, in particular in light of recent significant oil price volatility </div><div id="a17272" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:463px;">triggered, among other things, by the changing dynamic among OPEC+ members, the pressure<div style="display:inline-block;width:1.8px">&#160;</div>on US shale oil companies from their </div><div id="a17312" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:478.4px;">shareholders to use their higher cashflow to pay debt and dividends rather than increase drilling<div style="display:inline-block;width:1.8px">&#160;</div>and production and the uncertainty </div><div id="a17352" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:493.8px;">regarding demand created by the Covid-19 pandemic; Russia&#8217;s invasion of Ukraine and our subsequent decision to<div style="display:inline-block;width:1.7px">&#160;</div>stop new </div><div id="a17391" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:509.1px;">investments into Russia and start the process of exiting our Russian joint ventures; levels and calculations<div style="display:inline-block;width:1.7px">&#160;</div>of reserves and material </div><div id="a17431" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:524.5px;">differences from reserves estimates; natural disasters, adverse weather conditions, climate change, and other changes to<div style="display:inline-block;width:1.8px">&#160;</div>business </div><div id="a17464" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:539.7px;">conditions; regulatory stability and access to attractive renewable opportunities; unsuccessful drilling; operational<div style="display:inline-block;width:1.8px">&#160;</div>problems, in </div><div id="a17492" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:555px;">particular in light of quarantine rules, travel restrictions, manpower shortage, supply chain disruptions<div style="display:inline-block;width:1.8px">&#160;</div>and social distancing </div><div id="a17525" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:570.4px;">requirements triggered by the Covid-19 pandemic; health, safety and environmental risks; impact<div style="display:inline-block;width:1.8px">&#160;</div>of the Covid-19 pandemic; the </div><div id="a17563" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:585.8px;">effects of climate change; regulations on hydraulic fracturing; security breaches, including breaches of our digital infrastructure </div><div id="a17596" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:601.1px;">(cybersecurity); ineffectiveness of crisis management systems; the actions of competitors; the development and use of new </div><div id="a17628" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:616.5px;">technology, particularly in the renewable energy sector; inability to meet strategic objectives; the difficulties involving transportation </div><div id="a17661" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:631.7px;">infrastructure; political and social stability and economic growth in relevant areas of the world; reputational<div style="display:inline-block;width:1.6px">&#160;</div>damage; exercise of </div><div id="a17697" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:647.1px;">ownership by the Norwegian state; an inability to attract and retain personnel; risks related to implementing<div style="display:inline-block;width:1.7px">&#160;</div>a new corporate structure; </div><div id="a17737" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:662.4px;">inadequate insurance coverage; changes or uncertainty in or non-compliance with laws<div style="display:inline-block;width:1.8px">&#160;</div>and governmental regulations; the actions of </div><div id="a17773" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:677.8px;">the Norwegian state as majority shareholder; failure to meet our ethical and social standards; the<div style="display:inline-block;width:1.8px">&#160;</div>political and economic policies of </div><div id="a17814" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:693.1px;">Norway and other oil-producing countries; non-compliance with international trade sanctions; the actions of field partners;<div style="display:inline-block;width:1.7px">&#160;</div>adverse </div><div id="a17850" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:708.5px;">changes in tax regimes; exchange rate and interest rate fluctuations; factors relating to trading, supply<div style="display:inline-block;width:1.7px">&#160;</div>and financial risk; general </div><div id="a17889" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:723.7px;">economic conditions; and other factors discussed elsewhere in this report. Additional information, including<div style="display:inline-block;width:1.7px">&#160;</div>information on factors that </div><div id="a17923" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:739.1px;">may affect Equinor's business, is contained in Equinor's Annual Report on Form 20-F for the year ended December<div style="display:inline-block;width:1.8px">&#160;</div>31, 2021, filed </div><div id="a17968" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:754.4px;">with the U.S. Securities and Exchange Commission (including section 2.13 Risk review - Risk factors thereof). Equinor's<div style="display:inline-block;width:1.6px">&#160;</div>2021 Annual </div><div id="a18006" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:769.8px;">Report and Form 20-F is available at Equinor's website www.equinor.com. </div><div id="a18030" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:800.5px;">Although we believe that the expectations reflected in the forward-looking statements are reasonable, we<div style="display:inline-block;width:1.8px">&#160;</div>cannot assure you that our </div><div id="a18070" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:815.7px;">future results, level of activity, performance or achievements will meet these expectations. Moreover, neither we nor any other person </div><div id="a18108" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:831.1px;">assumes responsibility for the accuracy and completeness of the forward-looking statements. Any<div style="display:inline-block;width:1.8px">&#160;</div>forward-looking statement speaks </div><div id="a18143" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:846.5px;">only as of the date on which such statement is made, and, except as required by applicable law, we undertake no obligation to update </div><div id="a18191" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:861.8px;">any of these statements after the date of this report, either to make them conform to actual results<div style="display:inline-block;width:1.8px">&#160;</div>or changes in our expectations.</div><div id="a18237" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:892.5px;">We use certain terms in this document, such as "resource" and "resources" that the SEC's rules prohibit us from including<div style="display:inline-block;width:1.9px">&#160;</div>in our filings </div><div id="a18283" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:907.7px;">with the SEC. U.S. investors are urged to closely consider the disclosures in our Form 20-F, SEC File No. 1-15200. This form is </div><div id="a18333" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:60.5px;top:923.1px;">available on our website or by calling 1-800-SEC-0330 or logging on to www.sec.gov.</div></div>
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<div id="a18367" style="position:absolute;font-family:&apos;Arial&apos;;left:586.3px;top:1065.6px;">Equinor first quarter 2022<div style="display:inline-block;width:14.2px">&#160;</div>48 </div><div id="a18372" style="position:absolute;font-family:&apos;Arial&apos;;font-size:21.28px;font-weight:bold;left:60.5px;top:96.2px;">END NOTES </div><div id="a18375" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:141.7px;">1. </div><div id="a18377" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:141.1px;">The group's </div><div id="a18378" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:147.2px;top:141.1px;">average liquids price</div><div id="a18379" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:260px;top:141.1px;"><div style="display:inline-block;width:3.2px">&#160;</div>is a volume-weighted average of the segment prices of crude oil, condensate and natural gas </div><div id="a18383" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:156.4px;">liquids (NGL).</div><div id="a18385" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:184.5px;">2. </div><div id="a18387" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:184px;">The </div><div id="a18388" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:107.2px;top:184px;">refining reference margin</div><div id="a18389" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:244px;top:184px;"><div style="display:inline-block;width:3px">&#160;</div>is a typical gross margin and will differ from the actual margin, due to variations in type of crude </div><div id="a18392" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:201.4px;">and other feedstock, throughput, product yields, freight cost, inventory, etc</div><div id="a18394" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:228.4px;">3. </div><div id="a18396" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:84.5px;top:227.8px;">Liquids volumes</div><div id="a18397" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:174.1px;top:227.8px;"><div style="display:inline-block;width:3px">&#160;</div>include oil, condensate and NGL, exclusive of royalty oil.</div><div id="a18400" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:254.3px;">4. </div><div id="a18402" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:84.5px;top:253.7px;">Equity volumes</div><div id="a18403" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:168.3px;top:253.7px;"><div style="display:inline-block;width:3.2px">&#160;</div>represent produced volumes under a </div><div id="a18406" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:360.1px;top:253.7px;">production sharing agreement (PSA)</div><div id="a18407" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:557.7px;top:253.7px;"><div style="display:inline-block;width:3.2px">&#160;</div>that correspond to Equinor&#8217;s </div><div id="a18409" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:269.1px;">ownership share in a field. </div><div id="a18411" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:219.5px;top:269.1px;">Entitlement volumes</div><div id="a18412" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:330.3px;top:269.1px;">, on the other hand, represent Equinor&#8217;s share of the volumes distributed to the </div><div id="a18414" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:284.4px;">partners in the field, which are subject to deductions for, among other things, royalty and the host government's share of profit oil. </div><div id="a18416" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:299.6px;">Under the terms of a PSA, the amount of profit oil deducted from equity volumes will<div style="display:inline-block;width:1.8px">&#160;</div>normally increase with the cumulative return </div><div id="a18418" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:315px;">on investment to the partners and/or production from the licence. Consequently, the gap between entitlement and equity volumes </div><div id="a18420" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:330.4px;">will likely increase in times of high liquids prices. The distinction between equity and entitlement<div style="display:inline-block;width:1.8px">&#160;</div>is relevant to most PSA regimes, </div><div id="a18422" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:345.7px;">whereas it is not applicable in most concessionary regimes such as those in Norway, the UK, the US, Canada and Brazil. </div><div id="a18424" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:372.4px;">5. </div><div id="a18426" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:371.8px;">These are </div><div id="a18427" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:138.9px;top:371.8px;">non-GAAP figures.</div><div id="a18430" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:240.2px;top:371.8px;"><div style="display:inline-block;width:3px">&#160;</div>See Use and reconciliation of non-GAAP financial measures in the report for more<div style="display:inline-block;width:1.8px">&#160;</div>details. </div><div id="a18446" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:398.3px;">6. </div><div id="a18448" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:397.8px;">Transactions with the </div><div id="a18449" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:194.9px;top:397.8px;">Norwegian State.</div><div id="a18450" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:286.9px;top:397.8px;"><div style="display:inline-block;width:3.2px">&#160;</div>The Norwegian State, represented by the Ministry of Trade, Industry and Fisheries, is </div><div id="a18454" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:413.1px;">the majority shareholder of Equinor and it also holds major investments in other entities. This ownership<div style="display:inline-block;width:1.6px">&#160;</div>structure means that </div><div id="a18457" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:428.5px;">Equinor participates in transactions with many parties that are under a common ownership structure<div style="display:inline-block;width:1.7px">&#160;</div>and therefore meet the </div><div id="a18458" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:443.7px;">definition of a related party. Equinor purchases liquids and natural gas from the Norwegian State, represented by SDFI (the </div><div id="a18459" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:459px;">State's Direct Financial Interest). In addition, Equinor sells the State's natural gas production<div style="display:inline-block;width:1.8px">&#160;</div>in its own name, but for the </div><div id="a18461" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:474.4px;">Norwegian State's account and risk, and related expenditures are refunded by the State. </div><div id="a18466" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:501.1px;">7. </div><div id="a18468" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:500.5px;">The production guidance reflects our estimates of </div><div id="a18469" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:336.1px;top:500.5px;">proved reserves</div><div id="a18470" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:423.6px;top:500.5px;"><div style="display:inline-block;width:3px">&#160;</div>calculated in accordance with US Securities and Exchange </div><div id="a18472" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:515.7px;">Commission (SEC) guidelines and additional production from other reserves not included in<div style="display:inline-block;width:1.7px">&#160;</div>proved reserves estimates. The </div><div id="a18475" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:531px;">growth percentage is based on historical production numbers, adjusted for portfolio measures.</div><div id="a18479" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:557.7px;">8. </div><div id="a18481" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:557.1px;">The group's </div><div id="a18482" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:147.2px;top:557.1px;">average invoiced gas prices </div><div id="a18484" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:301.7px;top:557.1px;">include volumes sold by the MMP segment.</div><div id="a18486" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:583.6px;">9. </div><div id="a18488" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:583px;">The internal </div><div id="a18489" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;font-weight:bold;left:147.5px;top:583px;">transfer price</div><div id="a18490" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:220px;top:583px;"><div style="display:inline-block;width:3.2px">&#160;</div>paid from the MMP segment to the E&amp;P Norway and E&amp;P USA segments.</div><div id="a18493" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:609.7px;">10. </div><div id="a18495" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:609.1px;">Since different legal entities in the group lend to projects and others borrow from banks, project financing through<div style="display:inline-block;width:1.7px">&#160;</div>external bank </div><div id="a18498" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:624.5px;">or similar institutions is not netted in the balance sheet and results in over-reporting of the debt<div style="display:inline-block;width:1.7px">&#160;</div>stated in the balance sheet </div><div id="a18502" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:639.7px;">compared to the underlying exposure in the group. Similarly, certain net interest-bearing debt incurred from activities pursuant to </div><div id="a18505" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:655.1px;">the Marketing Instruction of the Norwegian government are offset against receivables on the SDFI. Some interest-bearing </div><div id="a18509" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:670.4px;">elements are classified together with non-interest bearing elements and are therefore included when<div style="display:inline-block;width:1.7px">&#160;</div>calculating the net interest-</div><div id="a18513" style="position:absolute;font-family:&apos;Arial&apos;;font-size:11.36px;left:84.5px;top:685.8px;">bearing debt.</div><div id="a18516" style="position:absolute;font-family:&apos;Arial&apos;;font-size:32px;left:60.5px;top:744.5px;">Signatures </div><div id="a18519" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:801.4px;">Pursuant to the requirements of the Securities<div style="display:inline-block;width:1.6px">&#160;</div>Exchange Act of 1934, the registrant has duly<div style="display:inline-block;width:1.5px">&#160;</div>caused this report to be signed on its behalf<div style="display:inline-block;width:1.5px">&#160;</div>by </div><div id="a18521" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:816px;">the undersigned, thereunto duly authorised. </div><div id="a18526" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:874.7px;">EQUINOR ASA </div><div id="a18530" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:904px;">(Registrant) </div><div id="a18533" style="position:absolute;font-family:&apos;Arial&apos;;left:60.5px;top:962.7px;">Dated: 4 May, 2022 </div><div id="a18536" style="position:absolute;font-family:&apos;Arial&apos;;left:396.5px;top:962.7px;">By: ___/s/<div style="display:inline-block;width:2.9px">&#160;</div>Ulrica Fearn </div><div id="a18539" style="position:absolute;font-family:&apos;Arial&apos;;left:396.5px;top:992px;">Name: Ulrica Fearn </div><div id="a18550" style="position:absolute;font-family:&apos;Arial&apos;;left:396.5px;top:1021.3px;">Title:<div style="display:inline-block;width:12.4px">&#160;</div>Chief Financial Officer </div></div>
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