3°¢ quarter 2021 results Ulrica FearnThird quarter 2021 ~ Strongest results since 10 2012 ~ Capturing value from higher prices with strong ‘operating performance and production Strong cash flow and strict capital discipline further improving net debt ratio ~ One NCS tax payment in 3021 ~ Record prices in the European gos market during ~ Leveraging flex gas production as response to high demand in Europe ~ Troll Phase 3 brought on stream = High reported MMP results Cosh dividend of 18 cents per share ~ Increasing second tranche of share buy-back from USD 300 millon to USD L bilion wu ‘equinor *:Financial results Capturing improvement in market prices ~ Liquids up ~ 80% to 69:2 USD/bbI ~ European gas up ~ 370% to 128 USD/mmbtu ~ North American gas up ~110% to 3.23 USD/mmbtu High MMP results include significant derivatives impact Stable underlying upstream cost = Net impairment reversal of USD 513 millon ~ Adjusted tox rate of 71.6% 3a 2021 lion USO 3@ 2020 Mion usb a ‘equinor * 1409 9567 204 9.771 (6.994) 27 a4) 01) 279978008) 2saa. 3020 ni cra E&P Norway 262 428Oil and gas equity production ~ Solid operationa Turnaround activity acc ~ Low unplanned los Capturing value with optimised gas production Trol Phase 3 onstream performance Fding to plan ~ Increased preduction from Johan Sverdrup ‘and ramping up Martin Linge US GoM production returning after hurricane interruption in 3Q 2021 Oiland gas 19941998 19961996Renewables Production and portfolio updates ~ Continued high avallabiity ~ Lower wind than seasonal average Progressing projects, Renewables production own a9 304 EmpireWind milestone selecton of wind turbine contractor Establishing new operating centerin UK ‘Guorizu IA (salar) production sorted michily n ArgentinaCashflow ~ Strong cashflow due to higher prices, sustained improvements and strict captal discipline 3QNCS tax installment NOK 118 blion ‘4Q.NCS tax willbe NOK 55:5 billon reflecting higher earnings ‘Organic capex USD 59 billon year-to-date 3G: USD 19 bilion Further reduction in net debt ratio t0 13.2% Normalised for tax payments ~5 % points? Increase in working capttal~3 % points? First tranche of share buy-back programme ‘completed in the market ~ Increasing second tranche of share buy-back from USD 300 millon to USD Lbilion » Meares 2021 YTD Cashflow Bie GS oe, Msp mmm (5000) N ‘equinor *_ w equinor = Outlook Production growth: Organic capex’Segment results ‘equinor ERP Norway ERP International ERP USA wp REN 302 6760 556 288 2187 (28) 3020 773 04) (493) 262 15 Preven 302 7846 534 244 924 Qn 3020 431 328) 606) 551 15Forward-looking statements Dpeenconr crn nea samnetta neers onrenr sree {ean roar un oO (ase rameter erage aes rns nga ere sinanoesn awsngasnovoaneoshecnmetbantsobeal ey sea Pea ‘Stok nveewy rosin tave rosemary corona as core geaC Prsoancataxaarceseamenseeenne epoyararonetsroenarreee Sd hor aun ontario ra em Sotirasnuiraresntee reangiterne rma anou See maeat rere tceondetraoscangsomnete oyna "trary ator anaes arent SSorrsarg scm racryeeindon eastnary nosesoergnarcar mone ‘oworgsrocoogte nro od ourou tea rare dees taneate ‘noe axel sotesaomrewahe cakes onoeCone dehy oe wears coge ‘aise oaacesto avon ints wet ty ecrdecn foes nie acres ca sing axes prety Peon ETC eS) ceomeome sweat Coo pine Pees Gna estado Soroenesrasngbetesioy purtoncis reat het owen ‘Some operon reouneeowawrnersegiae Peoaae emporsoessnapt Bove ve nator eon toasty pao Seene os {tNowoyancre sendsrartes cand Meroe vomancre oc restaging ‘ungromesnarnatnysestanetbaren scones nara ira eto te ‘room istnenees tare 0 ener atomDt rocoeataa te nauatdaa tamer selon net aren econ ‘iota ora be fore ovate ear vo eh ‘Sravanegeur anne rene teose osenoamtstte uaacany sare Carteatgaaretecnonadteaematinchtaetan odorata esaceennenennismoen sor art od ene MAMAN tone gene moc ec oar an aHInvestor Relations in Equinor E-mailirpost@equinor com Norway Peter Hutton Lore Vairesbréten Erk Gonder ‘Amberley Dostey Fon Goo Denis Arthur ‘noe Soe Dobe Usa, Nate Mol Senor Vice Present ROtcer ROtcer ROtcer ROticer ROtcer ‘Senior Consultant ROtficer shutt@equinorcam ave@equinorcom sergon@eminoccom ‘omiev@equinorcom fg00@equinorcom sdeor@euinoccom ssdo@equnoecom smito@equnorcom 447861918792 +4740 281789 +4799 96.26 1 144758 468 1246 +447771918026 447825275429 +4790 88 7554 +1469-927-5677