Equinor ASA (Equinor ASA) Reserve Replacement Ratio % : 0.00% (As of Dec. 2022)

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What is Equinor ASA Reserve Replacement Ratio %?

Reserve Replacement Ratio % (RRR) is a metric used by investors to judge an oil company's operating performance. It is the amount of oil added to a company's reserves divided by the amount extracted for production.

Equinor ASA's Reserve Replacement Ratio % for the annual that ended in Dec. 2023 was 103.00% , which is higher than 76.00% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Equinor ASA's Reserve Replacement Ratio % or its related term are showing as below:

EQNR's Reserve Replacement Ratio % is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Reserve Replacement Ratio % only.

Equinor ASA Reserve Replacement Ratio % Historical Data

The historical data trend for Equinor ASA's Reserve Replacement Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Equinor ASA Reserve Replacement Ratio % Chart

Equinor ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Reserve Replacement Ratio %

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Equinor ASAQuarterly Data

Trend

Dec22

Reserve Replacement Ratio %

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Competitive Comparison of Equinor ASA's Reserve Replacement Ratio %

For the Oil & Gas Integrated subindustry, Equinor ASA's Reserve Replacement Ratio %, along with its competitors' market caps and Reserve Replacement Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Equinor ASA (NYSE:EQNR) Reserve Replacement Ratio % Explanation

Reserve Replacement Ratio % is a metric used by investors to judge an oil company's operating performance. It measures the amount of proved reserves added to a company's reserve base during the year, relative to the amount of oil and gas that the company has produced.

According to conventional market wisdom, when demand is stable, a company's reserve-replacement ratio must be at least 100% for the company to sustain current production levels. Any figure greater than 100% likely indicates that the company has room for growth. Conversely, any number less than 100% telegraphs a cause for concern that the company may soon run out of oil.

This ratio can sometimes be affected by new technologies, changes to supply and demand dynamics and fluctuating oil prices. A high reserve-replacement ratio achieved through organic replacement is considered better than a high reserve-replacement ratio achieved through purchasing proved reserves.

Equinor ASA Reserve Replacement Ratio % Related Terms

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Equinor ASA (Equinor ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equinor ASA (NYSE:EQNR) » Definitions » Reserve Replacement Ratio %

Comparable Companies

Traded in Other Exchanges

STOHF:USA EQNR:Sweden EQNR:Norway EQNR:Mexico EQNRo:UK 0M2Z:UK DNQA:Germany DNQ:Germany DNQ:Germany DNQA:Germany DNQ:Germany E1QN34:Brazil

Address

Forusbeen 50, Stavanger, NOR, N-4035

Website

https://www.equinor.com

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.0 million barrels of oil equivalent per day in 2022 (50% liquids) and ended the year with 5.2 billion barrels of proven reserves (49% liquidsl). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.