Ranking of Equinor’s host countries in terms of revenue

BAKU, Azerbaijan, Oct.1

By Leman Zeynalova – Trend:

Norway’s Equinor company has revealed the volume of revenues as of 2020 from each country where it operates, Trend reports.

The table below shows 10 largest countries in terms of Equinor’s revenues in 2020:

Equinor is present in more than 30 countries around the world, including several of the world’s most important oil and gas provinces. It operates in North and South America, Africa, Asia, Europe, Oceania and Norway.

In 2020, Equinor group companies collectively paid USD 3.1 billion in corporate income taxes and USD1.4 billion in royalty payments and fees to local and national governments including host entitlement. USD 2.7 billion of the total amount was paid in Norway, where Equinor has a large portion of its operations.

For 2020 Equinor’s earnings were impacted by volatile energy markets with the global pandemic and relatively low commodity prices. This, in addition to a temporary tax regime on the Norwegian Continental Shelf, which defers certain tax obligations impacted the tax payments.

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Follow the author on Twitter: @Lyaman_Zeyn