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Equinor SWOT & PESTLE Analysis

ID : 52790953| Oct 2020| 11 pages

COMPANY PROFILE -Equinor

Business Sector :Energy, Oil and gas

Operating Geography :Norway, Europe, Global

About Equinor :

Equinor ASA, formerly known as Statoil and StatoilHydro, is a Norwegian state-owned multinational energy company. It is headquartered in Stavanger. Primarily being a petroleum company, it operates in 36 countries worldwide with additional investments in renewable energy. The merger of Statoil with the oil and gas division of Norsk Hydro, formed Equinor in 2007. Equinor derives it's heritage from three major Norwegian petroleum companies, namely Statoil, Norsk Hydro, and Saga Petroleum. Equinor operates gas and oil fields in Australia, Algeria, Angola, Azerbaijan, Brazil, Canada, China, Libya, Nigeria, Russia, United States, and Venezuela, along with its operations in the Norwegian continental shelf. There is a long history of Equinor attempting to get involved in the Russian petroleum sector. Even though many partnerships have been entered, the company has never had a major success in Russia. The company is involved in a number of pipelines, including Zeepipe, Statpipe, Europipe I and Europipe II, and Franpipe from the Norwegian continental shelf to Western Europe and the Baku-Tbilisi-Ceyhan pipeline in Caucasus. Norway's pipelines are organized through Gassled. Equinor also has trading offices in London, Stamford, Connecticut, and Singapore for crude oil, refined petroleum products, and natural gas liquids. Equinor has earned the “Ethibel Sustainability Index - Excellence Europe and Global, in the year 2020. The company employs about 21,000 employees as of 2020.
Equinor's Unique Selling Proposition or USP lies in it being one of the largest oil and gas company on the Norwegian continental shelf (With 60% of the total production) having its heritage from major petroleum companies.

Equinor Revenue :


USD 64,357 million – FY ended 31st December 2019 (y-o-y decrease of 19.14%)
USD 79,593 million – FY ended 31st December 2018

Competitive Analysis of Equinor

SWOT
PESTLE
The SWOT analysis for Equinor is presented below in a table followed by the detailed analysis report.
StrengthsWeaknesses
1. Industry-leading position within carbon efficient operations
2. Well-positioned as a global offshore wind major
3. World class project portfolio
4. Strong balance sheet and commitment to competitive capital distribution
5. Continued investment in digitalisation and other R&D activities
1. Embroiled in lawsuits over fraudulent transactions related to Eagle Ford Shale
OpportunitiesThreats
1. Develop core areas for international oil and gas
2. Opportunities for developing a high value renewable business
3. Becoming a global offshore wind major
4. Low cost and low emission gas supply to Europe
1. Economic uncertainties such as outbreak of the Covid-19 virus and oil price drop
2. Trade tensions such as the US-China trade war
SWOT & PESTLE (combined)
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Detailed SWOT Analysis of Equinor

Strength

1. Industry-leading position within carbon efficient operations: Equinor strengthens its position as one of the industry leaders with respect to having carbon efficient operations and simultaneously, experience profitable growth originating from a strong and competitive renewables business. With the focus on creating long-term shareholder value and remaining competitive, the company is quite well positioned for survival in a low-carbon future. Also, it has adopted the strategic principle of shaping its future portfolio by building a low-carbon business in hopes of capturing new avenues during energy transition and also, maintaining its leadership in carbon-efficient oil and gas production. Furthermore, the company has sustainability incorporated into its strategic work and tries to lower its carbon footprint for remaining competitive in the future.

2. Well-positioned as a global offshore wind major: The year 2019 proved as a pivotal year for Equinor, particularly in establishing the company’s offshore wind portfolio. Equinor has strengthened its path guiding towards becoming a global offshore wind major, by combining with UK’s Dogger Bank and the US’s Empire Wind. With an installed capacity of 3.6GW and a total potential of more than 20GW, Dogger Bank can easily be considered as the largest offshore wind farm development of the world, having the potential to supply nearly one third of UK electricity demand. Similarly, Empire Wind also has a robust position, owing to its provisions of renewable electricity to the city of New York, one of the busiest cities of the world. It delivers power equivalent to almost one million homes with a capacity of 816MW. With its own decade-long operating experience in floating offshore wind, Equinor plans to fulfil the floating solution requirements which account for 80% of the world’s offshore wind potential. By leveraging its position to industrialise floating wind, Equinor plans to commercialize floating wind by 2030.

The remaining section of “Strength” is available only in the 'Complete Report' on purchase.

Weakness

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Opportunity

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Threats

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Major Competitors :

Major Brands :

  • Equinor
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Check Out Analysis of Other Relevant Companies

TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
References used in Equinor Analysis Report

1. Equinor Faces Additional Lawsuits Over Eagle Ford Shale Royalty Fraud - https://www.prnewswire.com/news-releases/equinor-faces-additional-lawsuits-over-eagle-ford-shale-royalty-fraud-300987664.html
2. Europe’s second-largest gas supplier saw 29 pct increase in sales in 2018 - https://www.offshore-energy.biz/europes-second-largest-gas-supplier-saw-29-pct-increase-in-sales-in-2018/
3. Equinor makes oil and gas discovery in North Sea - https://www.offshore-energy.biz/equinor-makes-oil-and-gas-discovery-in-north-sea/
4. Equinor ready to submit plan for one of largest undeveloped oil discoveries in Norway - https://www.offshore-energy.biz/equinor-ready-to-submit-plan-for-one-of-largest-undeveloped-oil-discoveries-in-norway/
The detailed complete set of references are available on request in the 'Complete report' on purchase.

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Equinor SWOT & PESTLE Analysis - SWOT & PESTLE.COM

SWOT & PESTLE.com (2020). Equinor SWOT & PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/equinor/ [Accessed 28 Oct, 2020].

In-text: (SWOT & PESTLE.com, 2020)

Copyrights and Disclaimer

Equinor SWOT and PESTLE analysis has been conducted by Anindya Anindita and reviewed by senior analysts from Barakaat Consulting.

Copyright of Equinor SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.

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