EQUINOR ASA (EQNR) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: March 19, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

2.5B

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

EQNR currently has 2.5B outstanding shares. with minimal authorized share overhang for future dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Mar 19, 2026	20-F filing \| 2500.3M shares outstanding	2.5B
Mar 20, 2025	20-F filing \| 2944.7M shares outstanding	2.9B
Mar 21, 2024	20-F filing \| 2944.7M shares outstanding	2.9B
Mar 23, 2023	20-F filing \| 3121.9M shares outstanding	3.1B
Mar 18, 2022	20-F filing \| 3232.1M shares outstanding	3.2B
Mar 20, 2020	20-F filing \| 3305.0M shares outstanding	3.3B

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