Equinor (EQNR) AGM 2026 summary

Opening remarks and agenda

• Hybrid meeting used Lumi AGM for electronic voting; shareholders could revise votes until each item closed, and proposers had up to four minutes to speak.

• 2,155,433,682 shares were represented, equal to 86.50% of voting rights; the chair of the Corporate Assembly was elected to chair the meeting.

• Shareholders approved the meeting notice and agenda; Margrethe Øvrebo and May Kristine Enger were elected to sign the minutes with the chair.

Financial performance review

• FY2025 revenue was $106.5 billion; average production reached a record 2,137,000 barrels of oil equivalent per day.

• Capital distribution totaled $9 billion in 2025, including share buybacks of approximately $9 billion; renewable production rose 25% YoY.

• Auditors concluded the 2025 financial statements complied with applicable requirements and gave a true and fair view under the stated accounting standards.

• The AGM approved the 2025 annual financial statements and annual report.

Board and executive committee updates

• The board held eight ordinary and five extraordinary meetings in 2025; risk landscape discussions took place at least twice during the year.

• Jonathan Lewis, Stig Lægreid, Per Martin Labråthen and Tone Hegland Bachke left the board; Frank Aserballe-Jonsen, Geir Leon Vadheim, Dawn Summers and Jarle Aarthun were elected.

• Organizational restructuring was implemented in 2025, and two people joined the executive group to support leadership continuity.

• The board assessed the CEO’s 2025 performance positively; serious incidents fell 20% vs. 2024, while total shareholder return ranked ninth among 12 peers.