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Segments (Tables)
6 Months Ended
Jun. 30, 2022
Segments [abstract]  
Operating segments data [text block]
Second quarter 2022
E&P
Norway
E&P
International
E&P
 
USA
MMP
REN
Other
Eliminations
Total
(in USD million)
Revenues third party, other revenue and
other income
132
237
82
35,921
3
33
0
36,408
Revenues inter-segment
16,580
1,559
1,548
93
0
9
(19,789)
0
Net income/(loss) from equity accounted
investments
0
42
0
(2)
12
0
0
51
Total revenues and other income
 
16,712
1,838
1,629
36,012
15
42
(19,789)
36,459
Purchases [net of inventory variation]
0
(36)
(0)
(33,379)
0
(1)
19,564
(13,851)
Operating, selling, general and
administrative expenses
(984)
(370)
(244)
(956)
(56)
(3)
209
(2,404)
Depreciation, amortisation and net
impairment losses
(1,202)
(315)
(362)
(221)
(1)
(39)
0
(2,140)
Exploration expenses
(45)
(135)
(151)
0
0
0
0
(331)
Total operating expenses
(2,231)
(856)
(757)
(34,556)
(57)
(43)
19,774
(18,727)
Net operating income/(loss)
14,482
982
872
1,456
(42)
(1)
(16)
17,733
Additions to PP&E, intangibles and equity
accounted investments
1,339
573
170
253
57
14
(0)
2,405
First quarter 2022
E&P
Norway
1)
E&P
International
1)
E&P
 
USA
MMP
1)
REN
Other
1)
Eliminations
1)
Total
(in USD million)
Revenues third party, other revenue and
other income
1)
209
62
78
35,825
90
31
0
36,294
Revenues inter-segment
1)
18,245
1,324
1,191
89
0
10
(20,859)
0
Net income/(loss) from equity accounted
investments
0
67
0
3
29
0
0
99
Total revenues and other income
1)
18,454
1,453
1,269
35,917
119
41
(20,859)
36,393
Purchases [net of inventory variation]
0
27
0
(34,289)
0
0
20,752
(13,510)
Operating, selling, general and
administrative expenses
1)
(816)
(390)
(220)
(923)
(41)
(78)
197
(2,271)
Depreciation, amortisation and net
impairment losses
1)
(600)
(1,378)
212
(212)
(1)
(39)
0
(2,017)
Exploration expenses
(106)
(81)
(16)
0
0
0
0
(203)
Total operating expenses
1)
(1,521)
(1,822)
(24)
(35,425)
(41)
(116)
20,949
(18,001)
Net operating income/(loss)
1)
16,933
(369)
1,245
492
77
(76)
90
18,392
Additions to PP&E, intangibles and equity
accounted investments
1)
1,072
626
126
265
43
56
(0)
2,188
1) Restated due to implementation of IFRS 16 in
 
the segments, mainly affecting the line item Operating,
 
selling, general and administrative
expenses in MMP (reduction of USD
136
 
million) and Other (increase of USD
177
 
million) and the line item Depreciation, amortisation
 
and net
impairments in MMP (increase of USD
134
 
million) and Other (reduction USD
201
 
million).
Second quarter 2021
E&P
Norway
1)
E&P
International
1)
E&P
 
USA
MMP
1)
REN
Other
1)
Eliminations
1)
Total
(in USD million)
Revenues third party, other revenue and
other income
1)
78
291
101
16,897
7
72
0
17,446
Revenues inter-segment
1)
6,167
1,170
867
82
0
10
(8,296)
0
Net income/(loss) from equity accounted
investments
0
19
0
7
(6)
(4)
0
16
Total revenues and other income
1)
6,245
1,479
968
16,986
2
78
(8,296)
17,462
Purchases [net of inventory variation]
0
14
(0)
(15,448)
0
(0)
8,035
(7,399)
Operating, selling, general and
administrative expenses
1)
(811)
(425)
(286)
(969)
(32)
(112)
307
(2,329)
Depreciation, amortisation and net
impairment losses
1)
(959)
(244)
(438)
(424)
(1)
(44)
0
(2,111)
Exploration expenses
(55)
(231)
(39)
0
0
0
0
(326)
Total operating expenses
1)
(1,825)
(886)
(764)
(16,842)
(33)
(156)
8,342
(12,164)
Net operating income/(loss)
1)
4,420
593
204
144
(31)
(78)
46
5,298
Additions to PP&E, intangibles and equity
accounted investments
1)
1,322
430
180
138
159
14
0
2,243
1) Restated due to implementation of IFRS 16 in
 
the segments, mainly affecting the line item Operating,
 
selling, general and administrative
expenses in MMP (reduction of USD
128
 
million) and Other (increase of USD
169
 
million) and the line item Depreciation, amortisation and
 
net
impairments in MMP (increase of USD
140
 
million) and Other (reduction of USD
208
 
million).
First half 2022
E&P
Norway
E&P
Internationa
l
E&P
 
USA
MMP
REN
Other
Eliminations
Total
(in USD million)
Revenues third party, other revenue and
other income
341
298
160
71,746
93
64
0
72,702
Revenues inter-segment
34,825
2,883
2,739
182
0
19
(40,648)
0
Net income/(loss) from equity accounted
investments
0
109
0
1
41
0
0
151
Total revenues and other income
 
35,166
3,290
2,898
71,929
134
83
(40,648)
72,852
Purchases [net of inventory variation]
0
(9)
(0)
(67,668)
0
(0)
40,316
(27,361)
Operating, selling, general and
administrative expenses
(1,799)
(760)
(465)
(1,880)
(97)
(81)
406
(4,675)
Depreciation, amortisation and net
impairment losses
(1,802)
(1,693)
(150)
(433)
(2)
(78)
0
(4,158)
Exploration expenses
(150)
(216)
(168)
0
0
0
0
(534)
Total operating expenses
(3,752)
(2,678)
(782)
(69,981)
(99)
(159)
40,723
(36,727)
Net operating income/(loss)
31,414
613
2,117
1,948
35
(77)
75
36,125
Additions to PP&E, intangibles and equity
accounted investments
2,410
1,199
296
518
100
70
(0)
4,593
Balance sheet information
Equity accounted investments
 
3
490
0
113
1,001
52
(0)
1,659
Non-current segment assets
 
29,176
14,975
11,121
3,631
183
1,009
0
60,094
Non-current assets not allocated to
segments
 
12,319
Total non-current assets
 
74,073
First half 2021
E&P
Norway
1)
E&P
International
1)
E&P
 
USA
1)
MMP
1)
REN
1)
Other
1)
Eliminations
1)
Total
(in USD million)
Revenues third party, other revenue and
other income
1)
138
514
222
32,599
1,389
143
0
35,005
Revenues inter-segment
1)
11,923
1,975
1,739
166
0
20
(15,823)
0
Net income/(loss) from equity accounted
investments
0
42
0
15
(6)
(4)
0
47
Total revenues and other income
1)
12,060
2,531
1,961
32,780
1,383
160
(15,823)
35,052
Purchases [net of inventory variation]
0
(15)
(0)
(29,625)
0
(1)
15,076
(14,565)
Operating, selling, general and
administrative expenses
1)
(1,589)
(662)
(621)
(1,908)
(72)
(231)
593
(4,489)
Depreciation, amortisation and net
impairment losses
1)
(2,579)
(661)
(874)
(704)
(1)
(88)
0
(4,908)
Exploration expenses
(125)
(338)
(109)
0
0
0
0
(572)
Total operating expenses
1)
(4,293)
(1,676)
(1,605)
(32,236)
(73)
(320)
15,669
(24,534)
Net operating income/(loss)
1)
7,767
855
356
544
1,310
(160)
(154)
10,518
Additions to PP&E, intangibles and equity
accounted investments
1)
2,587
819
337
190
286
38
0
4,258
Balance sheet information
Equity accounted investments
 
3
1,181
0
96
1,067
32
0
2,377
Non-current segment assets
1)
38,337
17,839
11,967
4,786
145
1,086
0
74,160
Non-current assets not allocated to
segments
 
13,303
Total non-current assets
 
89,841
1) Restated due to implementation of IFRS 16 in
 
the segments, mainly affecting the line item Operating,
 
selling, general and administrative
expenses in MMP (reduction of USD
258
 
million) and Other (increase of USD
341
 
million) and the line item Depreciation, amortisation and
 
net
impairments in MMP (increase of USD
268
 
million) and Other (reduction of USD
404
 
million).
Non-current assets by country [text block]
Non-current assets by country
At 30 June
At 31 December
(in USD million)
2022
2021
Norway
32,886
40,564
USA
12,077
12,323
Brazil
8,929
8,751
UK
1,868
2,096
Azerbaijan
1,609
1,654
Canada
1,294
1,403
Angola
932
948
Algeria
656
708
Argentina
550
474
Denmark
486
536
Other
467
1,757
Total non-current assets
1)
61,754
71,213
1) Excluding deferred tax assets, pension assets and non-current financial assets.
Revenues from contracts with customers [text block]
Revenues from contracts with customers and other revenues
Quarters
First half
Q2 2022
Q1 2022
Q2 2021
(in USD million)
2022
2021
16,397
15,034
9,060
Crude oil
31,431
17,774
12,923
15,538
3,443
Natural gas
28,461
6,741
11,457
14,350
2,908
 
- European gas
25,808
5,569
766
621
319
 
- North American gas
1,387
741
699
567
215
 
- Other incl. Liquefied natural gas
1,266
431
2,531
2,904
2,682
Refined products
5,435
5,055
2,529
2,576
1,672
Natural gas liquids
5,106
3,582
310
282
205
Transportation
592
461
651
1,117
341
Other sales
1,768
454
35,342
37,451
17,402
Revenues from contracts with customers
72,793
34,067
1,045
(1,401)
(23)
Total other revenues
1)
(356)
(558)
36,387
36,050
17,380
Revenues
72,437
33,508
1) Principally relates to commodity derivatives.