governments

Consolidated overview of payments

Payments per project and receiving entity Contextual information at country level

Contextual information and Equinor group level Other resources Independent accountant's limited assurance report

Board statement on Report on payments to governments

BACKGROUND

Key figures 2024	2
Introduction	4
Basis for preparation	4
Reporting principles	5

PAYMENTS

Consolidated overview	7
Payments per project and receiving	8
government entity

CONTEXTUAL INFORMATION

Contextual information at country level 16 Contextual information at Equinor group level 17

ADDITIONAL INFORMATION

Other resources	39
Independent accountant's limited assurance	40
report on the Report on payments to
governments
Board statement on Report on payments to	42
governments

4 Contents Introduction Basis for preparation

Consolidated overview of payments and receiving entity

Payments per project Contextual information at country level

Independent accountant's limited assurance report

Other resources

Board statement on Report on payments to governments

Introduction

Equinor has prepared a report on payments to governments in accordance with the Norwegian Accounting Act §2-10 and the Norwegian Security Trading Act §5-5a. The companies involved in extractive and logging activities are required to disclose payments made to governments at project and country level and additional contextual information, consisting of certain legal, monetary, numerical and production volume information, related to the extractive part of the operations or to the entire group.

Executive summary

Equinor is engaged in upstream activities in several countries across the globe. In 2024, the countries where Equinor made payments to governments included Algeria, Angola, Argentina, Azerbaijan, Brazil, Canada, Libya, Netherlands, Nigeria, Norway, the UK and the USA. The total value contribution from these upstream activities in host countries amounts to USD 23 billion, of which taxes paid amounted to USD 20 billion, whereas royalties, fees, bonuses, and host government entitlements amounted to USD 3 billion.

Basis for preparation

The regulation requires Equinor to prepare a consolidated report for the previous financial year on direct payments to governments, including payments made by subsidiaries, joint operations and joint ventures, or on behalf of such entities involved in extractive activities. These activities include exploration, prospection, discovery, development and extraction of oil and natural gas.

Basis for preparation Reporting principles

Consolidated overview of payments and receiving entity

Payments per project Contextual information at country level

Contextual information and Equinor group level Other resources Independent accountant's limited assurance report

Board statement on Report on payments to governments

Reporting principles

The report includes payments made directly by Equinor to governments, such as taxes and royalties. Payments made by the operator of an oil and/or gas licence on behalf of the licensed partners, such as area fees, are also included in this report. For assets where Equinor is the operator, the full payment made on behalf of the whole partnership (100%) is included. No payment will be disclosed in cases where Equinor is not the operator, unless the operator is a stateowned entity and it is possible to distinguish the payment from other cost recovery items.

Host government production entitlements paid by the licence operator are also included in the report. The size of such entitlements can in some cases constitute the most significant payments to governments.

For some of our projects, we have established a subsidiary to hold the ownership in a joint venture. For these projects, payments may be made to governments in the country of operation as well as to governments in the country where the subsidiary resides.

Payments to governments are reported in the year that the actual cash payment was made (cash principle). Amounts included as contextual information are reported in the year the transaction relates to (accrual principle), regardless of when the cash flows occurred, except for Income tax paid (cash principle). Amounts are subject to rounding. Rounding differences may occur in summary tables.

Government

In the context of this report, a government is defined as any national, regional or local authority of a country. It includes any department, agency or undertaking (i.e. corporation) controlled by that government.

Project definition

A project is defined as the operational activity governed by a single contract, licence, lease, concession or similar legal agreement and that forms the basis for payment obligations to a government.

Payments not directly linked to a specific project but levied at the company entity level, are reported at that level.

Materiality

Payments constitute a single payment, or a series of related payments that equal or exceed 800,000 NOK (USD 70,400) during the year. Payments below the threshold in a given country will not be included in the overview of projects and payments.

Reporting currency

Payments to governments in foreign currencies (other than USD) are converted to USD using the average annual 2024 exchange rate.

Reporting segments

Equinor's payments to governments are made through the reporting segments Exploration & Production Norway, Exploration & Production International and Exploration and Production USA. For more information on Equinor's reporting segments, reference is made to the 2024 Integrated annual report published on our website: equinor.com/ reports.

Payment types disclosed at project or legal entity level that are relevant for Equinor

The following payment types are disclosed for legal entities involved in extractive activities. They are presented on a cash basis, net of any interest expenses, whether paid in cash or in-kind. In-kind payments are reported in millions of barrels of oil equivalent and the equivalent cash value.

Tax levied on the income, production or profits of companies includes severance tax and taxes paid in-kind. The value of taxes paid in-kind is calculated based on the market price at the time of the in-kind payment. Taxes levied on consumption, such as value added tax, CO₂ fees, personal income tax, sales tax, withholding tax, property tax and environmental tax are excluded. Negative amounts represent tax refunds received from governments
Royalties are usage-based payments for the right to the ongoing use of an asset
Fees are typically levied on the right to use a geographical area for exploration, development and production and include rental fees, area fees, entry fees, concession fees and other considerations for licences and/or concessions. Administrative government fees that are not specifically related to the extractive activities or to access extractive resources, are excluded
Bonuses are payments made when signing an oil and gas lease, when discovering natural resources and/or when production has commenced. Bonuses often include signature-, discovery- and production bonuses and are a commonly used payment type, depending on the petroleum fiscal regime. Bonuses can also include elements of social contribution
Host government production entitlements are the host government's share of production after oil production has been allocated to cover costs and expenses under a production sharing agreement (PSA). Host government production entitlements are most often paid in-kind. The value of these payments is calculated based on the market price at the time of the in-kind payment. For some PSAs, the host government production entitlements are sold by the operator, and the related costs are split between the partners. For these contracts, Equinor does not make payments directly to governments, but to the operator

6 Contents Introduction Basis for

preparation Reporting principles

Consolidated overview of payments Payments per project and receiving entity

Contextual information and Equinor group level Other resources

Independent accountant's limited assurance report

Board statement on Report on payments to governments

Contextual information at country level

The report discloses contextual information for legal entities engaged in extractive activities in Equinor, as listed below. All information is disclosed in accordance with the accrual accounting principle.

Investments are defined as additions to property, plant and equipment (including leases), capitalised exploration expenditures, intangible assets, long-term share investments and investments in associated companies
Revenues associated with the production of crude oil and natural gas related to our extractive activities. Revenues include third party revenues and other income, inter-segment revenues and net income/ (loss) from equity accounted investments. Cost shows the sum of operating expenses, SG&A (sales, general and administrative expenses) and exploration expenses, adjusted for net impairments
Equity production volumes are the volumes that correspond to Equinor's ownership interest in a field and do not include production of the Norwegian State's share of oil and natural gas

Contextual information at entity level

The following contextual information is disclosed for all of Equinor's legal entities as of 31 December 2024. The information is structured based on country of incorporation, which is the jurisdiction in which the company is registered.

Country of operation is the country where the company performs its main activities
The description of the core business activity is presented according to the business areas where the business operations take place. Each company is associated to a business area as shown in the contextual information at Equinor group level.
Number of employees (per company) is based on the registered company location. The actual number of employees present in a country can deviate from the reported figures due to expatriation. In some companies there are no employees. These may purchase man-hours from other companies in the Equinor group, as applicable
Net intercompany interest is the company's net intercompany interest expense (interest expense minus interest income) to companies in another jurisdiction. Interest between companies within the same jurisdiction is eliminated. Intercompany interest is the interest levied on long-term and short-term borrowings within the Equinor group
Revenues as presented in the Consolidated statement of income in the 2024 annual report include third party revenues and other income, inter-company revenues and net income/ (loss) from equity accounted investments
Income before tax, as presented in the Consolidated statement of income in the 2024 annual report
Income tax expense, as defined in note 11 of the Consolidated financial statements in the 2024 annual report
Income tax paid are reconciled to the amount presented in the Consolidated statement of cash flows in the 2024 annual report and in addition include taxes paid in-kind in Algeria, Libya, and Nigeria
Retained earnings include the gains and losses accumulated by the companies together with currency translation adjustments and other comprehensive income. Being part of shareholders equity, retained earnings are presented as reported in Equinor accounting system for consolidation purposes
Retained earnings can be impacted by the dividend paid, group contributions and reclassifications between paid in capital and retained earnings. The retained earnings as presented in this report may be different compared to the figures in the statutory financial statement due to the differences in functional currency and accounting principles for group reporting versus local requirements.
The parent company's shares in subsidiaries are not considered for impairment when the local statutory reporting is based on accounting principles different from IFRS® Accounting Standards or there are no local statutory requirements for impairment since these effects would be eliminated on the group reporting.

Payments per project and receiving entity Contextual information at country level

Consolidated overview of payments

Contextual information and Equinor group level Other

resources Independent accountant's limited assurance report

Board statement on Report on payments to governments

Consolidated overview

The consolidated overview below discloses the sum (total) of Equinor's payments to governments in each country, according to the payment type. The overview is based on the location of the receiving government.

The total payments to each country may be different from the total payments disclosed in the overview of payments for each project in the report. This is because payments disclosed for each project relate

to the country of operation, irrespective of the location of the receiving government. In 2024, there has been a significant decrease in tax payments mainly due to lower oil and gas prices.

						Host government
Payments to governments per country related to extractive activities (in USD millions)	Taxes¹⁾	Royalties	Fees	Bonuses	Infrastructure improvements	entitlements (in USD millions)	Host government entitlements (mfoe)	Total (value) 2024

Algeria	150	-	-	-	-	254	5	404
Angola	285	-	-	-	-	1,301	16	1,586
Argentina	18	49	5	-	-	-	-	73
Azerbaijan	30	-	-	-	-	435	5	465
Brazil	29	185	31	-	-	-	-	245
Canada	-	110	5	-	-	-	-	114
Libya	72	-	-	-	-	80	1	153
Netherlands	18	-	-	-	-	-	-	18
Nigeria	131	61	6	-	-	120	2	318
Norway	19,151	14	61	-	-	-	-	19,226
UK	-	-	7	-	-	-	-	7
USA	236	290	3	-	-	-	-	529
Total (value) 2024	20,119	709	118	-	-	2,191	29	23,137
Total 2023	28,001	677	152	-	-	2,138	28	30,967

1) Taxes paid includes taxes paid in-kind

This report covers payments made directly by Equinor to governments, such as taxes and royalties. Payments made by the operator of an oil and/or gas

licence on behalf of the licensed partners, such as area fees, are included. For assets where Equinor is the operator, the full payment made on behalf of the whole partnership (100%) is reported. In cases, where Equinor is not the operator, payments are not disclosed, unless the operator is a state-owned entity and it is possible to distinguish the payment from other cost recovery items. Host government production entitlements paid by the licence operator are reported.

Basis for preparation Reporting principles

Payments per project and receiving government entity

					Host government entitlements (in USD	Host government	Total (value)
(in USD million)	Taxes	Royalties	Fees	Bonuses	millions)	entitlements (mfoe)	2024

Algeria
Payments per project
Equinor In Salah AS	58.4	-	-	-	-	-	58.4
Equinor In Amenas AS	91.7	-	-	-	-	-	91.7
In Amenas	-	-	-	-	29.6	0.8	29.6
In Salah	-	-	-	-	224.6	4.6	224.6
Total	150.1	-	-	-	254.2	5.4	404.3
Payments per government
Sonatrach¹⁾	150.1	-	-	-	254.2	5.4	404.3
Total	150.1	-	-	-	254.2	5.4	404.3
Angola
Payments per project
Equinor Dezassete AS	99.1	-	-	-	-	-	99.1
Equinor Angola Block 17 AS	141.9	-	-	-	-	-	141.9
Equinor Angola Block 15 AS	30.0	-	-	-	-	-	30.0
Equinor Angola Block 15/06 Award AS	0.1	-	-	-	-	-	0.1
Equinor Angola Block 31 AS	29.4	-	-	-	-	-	29.4
Equinor Angola Block 46 AS	0.2	-	-	-	-	-	0.2
Equinor Angola Block 47 AS	0.2	-	-	-	-	-	0.2
Girassol	-	-	-	-	91.9	1.1	91.9
Pazflor	-	-	-	-	163.8	2.0	163.8
Rosa	-	-	-	-	109.8	1.4	109.8
Kizomba A	-	-	-	-	145.3	1.8	145.3
Kizomba B	-	-	-	-	65.1	0.8	65.1
Mondo Kiz C	-	-	-	-	47.4	0.6	47.4
Dalia	-	-	-	-	577.1	7.2	577.1
Clov	-	-	-	-	41.8	0.5	41.8
PSVM	-	-	-	-	16.4	0.2	16.4
Saxi Batuque	-	-	-	-	42.5	0.5	42.5
Total	300.8	-	-	-	1,301.1	16.2	1,601.9

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
9	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

					Host government entitlements (in USD	Host government	Total (value)
(in USD million)	Taxes	Royalties	Fees	Bonuses	millions)	entitlements (mfoe)	2024
Payments per government
BNA - Banco Nacional de Angola	285.2	-	-	-	-	-	285.2
Kemneren i Stavanger	15.7	-	-	-	-	-	15.7
Sonangol EP	-	-	-	-	1,301.1	16.2	1,301.1
Total	300.8	-	-	-	1,301.1	16.2	1,601.9
Argentina
Payments per project
Equinor Argentina AS	1.9	-	-	-	-	-	1.9
Equnor Argentina S.A.U.	17.9	-	-	-	-	-	17.9
Banduria Sur	-	44.0	-	-	-	-	44.0
Bajo del Toro	-	5.4	4.4	-	-	-	9.8
Exploration Argentina	-	-	1.0	-	-	-	1.0
Total	19.7	49.4	5.4	-	-	-	74.5
Payments per government
Provincia del Neuquen - Administración	-	49.4	-	-	-	-	49.4
Skatteetaten	1.9	-	-	-	-	-	1.9
AFIP Administracion Federal de Ingresos	17.9	-	5.4	-	-	-	23.2
Total	19.7	49.4	5.4	-	-	-	74.5
Azerbaijan4
Payments per project
Equinor Apsheron AS	50.0	-	-	-	-	-	50.0
Equinor BTC Caspian AS	2.5	-	-	-	-	-	2.5
Azeri-Chirag-Gunashli (ACG)	-	-	-	-	435.0	5.1	435.0
Total	52.4	-	-	-	435.0	5.1	487.5
Payments per government
Kemneren i Stavanger	22.3	-	-	-	-	-	22.3
Azerbaijan Main Tax Office	30.1	-	-	-	-	-	30.1
SOCAR - The State Oil Company of the Azerbaijan Republic	-	-	-	-	435.0	5.1	435.0
Total	52.4	-	-	-	435.0	5.1	487.5

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
10	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

					Host government
(in USD million)	Taxes	Royalties	Fees	Bonuses	entitlements (in USD millions)	Host government entitlements (mfoe)	Total (value) 2024

Australia
Payments per project
Equinor Australia B.V.	0.1	-	-	-	-	-	0.2
Total	0.1	-	-	-	-	-	0.2
Payments per government
Belastingdienst	0.1	-	-	-	-	-	0.1
Total	0.1	-	-	-	-	-	0.2
Belgium
Payments per project
Equinor Energy Belgium NV	(0.3)	-	-	-	-	-	(0.3)
Total	(0.3)	-	-	-	-	-	(0.3)
Payments per government
Voorafbetalingen Vennootschappen	(0.3)	-	-	-	-	-	(0.3)
Total	(0.3)	-	-	-	-	-	(0.3)
					-
Brazil					-
Payments per project					-
South Atlantic Holding B.V.	0.6	-	-	-	-	-	0.6
Equinor Energy do Brasil Ltda	28.7	68.3	-	-	-	-	97.0
Roncador	-	-	27.4	-	-	-	27.4
Exploration Brazil	-	-	0.7	-	-	-	0.7
Peregrino Phase II	-	5.3	0.2	-	-	-	5.4
Peregrino	-	111.3	2.6	-	-	-	113.9
Bacalhau	-	-	0.2	-	-	-	0.2
Total	29.2	184.8	31.1	-	-	-	245.1
Payments per government
Belastingdienst CBA	0.6	-	-	-	-	-	0.6
Ministerio da Fazenda - Royalties	-	184.8	-	-	-	-	184.8
Ministerio da Fazenda - PE	-	-	27.4	-	-	-	27.4
Ministerio da Fazenda - IR	28.7	-	-	-	-	-	28.7
Agência Nacional de Petróleo, Gás Natural e Biocombustíveis	-	-	3.6	-	-	-	3.6
Total	29.2	184.8	31.1	-	-	-	245.1

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
11	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

					Host government entitlements (in USD	Host government	Total (value)
(in USD million)	Taxes	Royalties	Fees	Bonuses	millions)	entitlements (mfoe)	2024
Canada
Payments per project
Equinor Canada Ltd.	(0.3)	-	-	-	-	-	(0.3)
Exploration Canada	-	-	4.6	-	-	-	4.6
Hibernia	-	50.9	-	-	-	-	50.9
Hebron	-	59.2	-	-	-	-	59.2
Total	(0.3)	110.1	4.6	-	-	-	114.4
Payments per government
Government of Canada	-	71.3	-	-	-	-	71.3
Government of Newfoundland and Labrador	-	29.7	-	-	-	-	29.7
Canada Development investment Corp.	-	9.1	-	-	-	-	9.1
Canada-Newfoundland and Labrador Offshore Petr. Board	-	-	3.9	-	-	-	3.9
Receiver General Of Canada	(0.3)	-	0.7	-	-	-	0.4
Total	(0.3)	110.1	4.6	-	-	-	114.4
					-	-
India					-	-
Payments per project					-	-
Equinor India AS	0.1	-	-	-	-	-	0.1
Total	0.1	-	-	-	-	-	0.1
Payments per government
Kemneren i Stavanger	0.1	-	-	-	-	-	0.1
Total	0.1	-	-	-	-	-	0.1
					-	-
Iran
Payments per project
Statoil Iran AS	0.1	-	-	-	-	-	0.1
Total	0.1	-	-	-	-	-	0.1
Payments per government					-	-
Skatteetaten	0.1	-	-	-	-	-	0.1
Total	0.1	-	-	-	-	-	0.1

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
12	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

(in USD million)	Taxes	Royalties	Fees	Bonuses	Host government entitlements (in USD millions)	Host government entitlements (mfoe)	Total (value) 2024

Libya					-	-
Payments per project					-	-
Equinor Murzuq AS	72.5	-	-	-	-	-	72.5
Equinor Libya AS	0.1	-	-	-	-	-	0.1
Equinor Energy Libya AS	0.7	-	-	-	-	-	0.7
Murzuq	-	-	-	-	80.4	1.0	80.4
Total	73.3	-	-	-	80.4	1.0	153.7
Payments per government
Tax Department Libya²⁾	72.5	-	-	-	80.4	1.0	152.9
Kemneren i Stavanger	0.8	-	-	-	-	-	0.8
Total	73.3	-	-	-	80.4	1.0	153.7

Netherlands
Payments per project
Equinor Holding Netherlands B.V.	16.8	-	-	-	-	-	16.8
Total	16.8	-	-	-	-	-	16.8
Payments per government
Belastingdienst	16.8	-	-	-	-	-	16.8
Total	16.8	-	-	-	-	-	16.8

Nigeria4)
Payments per project
Equinor Nigeria AS	(17.9)	-	-	-	-	-	(17.9)
Equinor Nigeria Energy Company Limited	130.9	-	-	-	-	-	130.9
Exploration Nigeria	-	-	0.2	-	-	-	0.2
Agbami	-	60.9	5.9	-	114.8	1.5	181.6
Total	112.9	60.9	6.1	-	114.8	1.5	294.7
Payments per government
Nigerian National Petroleum Corporation³⁾	130.9	-	-	-	114.8	1.5	245.7
Niger Delta Development Commission	-	-	6.1	-	-	-	6.1
Skatteetaten	(17.9)	-	-	-	-	-	(17.9)
Central Bank of Nigeria Education Tax	-	60.9	-	-	-	-	60.9
Total	113.0	60.9	6.1	-	114.8	1.5	294.7

Equinor 2024 Payments to governments

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
13	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

					Host government
(in USD million)	Taxes	Royalties	Fees	Bonuses	entitlements (in USD millions)	Host government entitlements (mfoe)	Total (value) 2024

Norway
Payments per project
Equinor Energy AS	19,126.6	-	-	-	-	-	19,126.6
Equinor E&P Americas AS	1.0	-	-	-	-	-	1.0
Snøhvit, Johan C and Barents Exploration	-	-	8.6	-	-	-	8.6
Asgard, Mikkel & Morvin Exploration	-	-	4.7	-	-	-	4.7
Kristin	-	-	3.8	-	-	-	3.8
Norne	-	-	1.3	-	-	-	1.3
Åsgard	-	-	0.3	-	-	-	0.3
Tyrihans	-	-	0.1	-	-	-	0.1
Yttergryta	-	-	0.1	-	-	-	0.1
NCS	-	-	0.3	-	-	-	0.3
Exploration FLX	-	-	0.3	-	-	-	0.3
Gullfaks	-	-	2.2	-	-	-	2.2
Gina Krog	-	14.2	-	-	-	-	14.2
Johan Sverdrup and Martin Linge Exploration	-	-	4.2	-	-	-	4.2
Kvitebjørn, Visund, Grane, Heimdal, Valemon Exploration	-	-	7.3	-	-	-	7.3
Oseberg Exploration	-	-	2.5	-	-	-	2.5
Sleipner Exploration	-	-	3.1	-	-	-	3.1
Snorre Exploration	-	-	4.8	-	-	-	4.8
Troll Exploration	-	-	17.1	-	-	-	17.1
Total	19,127.6	14.2	60.6	-	-	-	19,202.4
Payments per government
Oljedirektoratet	-	-	60.6	-	-	-	60.6
Skatteetaten	18,974.0	-	-	-	-	-	18,974.0
SDØE v/Petoro AS	-	14.2	-	-	-	-	14.2
Kemneren i Stavanger	153.6	-	-	-	-	-	153.6
Total	19,127.6	14.2	60.6	-	-	-	19,202.4

Russia
Payments per project
Equinor Russia Holding AS	0.7	-	-	-	-	-	0.7
Statoil Kharyaga AS	(0.8)	-	-	-	-	-	(0.8)
Total	(0.1)	-	-	-	-	-	(0.1)

Equinor 2024 Payments to governments

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
14	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

					Host government entitlements (in USD	Host government	Total (value)
(in USD million)	Taxes	Royalties	Fees	Bonuses	millions)	entitlements (mfoe)	2024
Payments per government
Kemneren i Stavanger	(0.1)	-	-	-	-	-	(0.1)
Total	(0.1)	-	-	-	-	-	(0.1)
UK
Payments per project
UK Utgard	-	-	0.4	-	-	-	0.4
Exploration UK Offshore	-	-	4.3	-	-	-	4.3
Barnacle	-	-	0.3	-	-	-	0.3
Mariner	-	-	0.5	-	-	-	0.5
Rosebank	-	-	1.5	-	-	-	1.5
Statfjord UK	-	-	0.4	-	-	-	0.4
Total	-	-	7.3	-	-	-	7.3
Payments per government
Oil And Gas Authority	-	-	7.3	-	-	-	7.3
Total	-	-	7.3	-	-	-	7.3
USA
Payments per project
Equinor USA Onshore Properties Inc.	9.1	-	-	-	-	-	9.1
Equinor US Holdings Inc.	226.6	-	-	-	-	-	226.6
US Offshore	-	289.6	-	-	-	-	289.6
Exploration US	-	-	3.2	-	-	-	3.2
Total	235.7	289.6	3.2	-	-	-	528.5
Payments per government
State of Ohio Department of Taxation	1.9	-	-	-	-	-	1.9
State of West Virginia	7.2	-	-	-	-	-	7.2
Pennsylvania Dept. of Revenue	7.9	-	-	-	-	-	7.9
Internal Revenue Service	213.2	-	-	-	-	-	213.2
Texas Comptroller of Public Accounts	2.1	-	-	-	-	-	2.1
West Virginia State Tax Department	0.8	-	-	-	-	-	0.8
North Dakota Office of State Tax	0.2	-	-	-	-	-	0.2
Oklahoma State Treasurer's Office	1.5	-	-	-	-	-	1.5
State Treasurer of Mississippi	0.7	-	-	-	-	-	0.7

Equinor 2024 Payments to governments

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
15	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

					Host government
(in USD million)	Taxes	Royalties	Fees	Bonuses	entitlements (in USD millions)	Host government entitlements (mfoe)	Total (value) 2024

Office of Natural Resources Revenue	-	289.6	3.2	-	-	-	292.8
Total	235.7	289.6	3.2	-	-	-	528.5
					-	-
Venezuela					-	-
Payments per project					-	-
Equinor Energy International Venezuela AS	0.2	-	-	-	-	-	0.2
Equinor Energy Venezuela AS	0.2	-	-	-	-	-	0.2
Total	0.4	-	-	-	-	-	0.4
Payments per government					-	-
Kemneren i Stavanger	0.4	-	-	-	-	-	0.4
Total	0.4	-	-	-	-	-	0.4

1) Algeria – Includes tax payments in-kind to Sonatrach of 2.8 mmboe valued at USD 150 million.

2) Libya – Includes tax payments in-kind to Tax Department Libya of 0.9 mmboe valued at USD 72 million.

3) Nigeria – Includes tax payments in-kind to Nigerian National Petroleum Corporation of 1.2 mmboe valued at USD 95 million.

4) Equinor has divested interests related to upstream businesses in Azerbaijan and Nigeria with effect from 29 November and 6 December 2024 respectively.

Consolidated overview of payments Payments per project and receiving entity

Contextual information at country level

Contextual information and Equinor group level Other resources Independent accountant's limited assurance report

Board statement on Report on payments to governments

Contextual information at country level

The contextual information on investments, revenues, cost and equity production volumes is disclosed for each country and relates only to Equinor's entities engaged in extractive activities, covering the

exploration, prospecting, discovery, development and extraction of oil and natural gas. The contextual information reported is based on data collected mainly for the purpose of financial reporting and is reconciled

to the numbers reported for the Exploration and Production segments of Equinor in the 2024 annual report.

Contextual information per country for Exploration & Production segments

				Equity production
(in USD million)	Investments	Revenues	Cost²⁾	volume (mmboe)
Angola	408	1,899	311	40
Argentina	292	394	196	7
Azerbaijan	91	188	101	8
Brazil	1,556	1,761	953	28
Canada	50	451	329	5
Algeria	71	491	81	15
UK	698	957	390	12
Libya	6	116	9	2
Mexico	-	-	(2)	-
Nigeria	19	1,084	56	6
Netherlands	-	-	2	-
Norway	6,285	33,645	4,216	507
Russia	-	-	1	-
Tanzania	-	-	12	-
USA	3,862	3,957	1,321	125
Total¹⁾	13,339	44,943	7,977	756

1) The total amounts correspond to the sum of the relevant numbers reported in the Exploration and Production segments in note 5 of the Consolidated financial statements in the 2024 annual report.

2) Cost includes purchases, operating expenses, selling, general and administrative expenses, and exploration expenses, without net impairments as presented in the Consolidated financial statements in the 2024 annual report.

Basis for preparation Reporting principles

Consolidated overview of payments

Payments per project and receiving entity Contextual information at country level

Contextual information and Equinor group level Other resources Independent accountant's limited assurance report

Board statement on Report on payments to governments

Contextual information at Equinor group level

The table below is an overview of all legal entities in the Equinor group by country of incorporation as of 31 December 2024. It presents the following information per each company: the number of employees, net intercompany interest to companies in other jurisdictions, short description of the company's

activity, revenues including intercompany revenues, income before tax, current income tax expense, income tax paid and retained earnings. The total amounts are reconciled to the Group Consolidated financial statements in the 2024 annual report and prepared in compliance with IFRS Accounting

Standards. The numbers in the Contextual information table based on the country of operation may deviate from the table based on the country of incorporation, as county of operation could be different than country of incorporation. Prior period corrections are reflected in the current year, normally due to statutory reporting

finalized after the annual report. Retained earnings as presented in the table below will be decreased by the dividend paid and increased or decreased by group contributions and reclassifications between paid in capital and retained earnings.

incorporation				Net
	Country of	Core business	Number of	Intercompany		Income before	Income tax		Retained
(in USD million)	operation	activity	employees¹⁾	interest	Revenues	tax	expense²⁾	Income tax paid³⁾	earnings⁵⁾

Albania
Danske Commodities Albania Sh.p.k	Albania	MMP	-	—	—	—	—	—	—
Total			-	—	—	—	—	—	—
Argentina
Equinor Argentina SAU	Argentina	EPI	6	7	367	130	(174)	(19)	422
Total			6	7	367	130	(174)	(19)	422
Australia
Danske Commodities Australia Pty Limited	Australia	MMP	-	—	—	—	—	—	—
Tasmania Offshore Wind Energy Partners PtY Limited	Australia	REN	-	—	—	—	—	—	—
Total			-	—	—	—	—	—	—
Belgium
Equinor Energy Belgium NV	Belgium	MMP	70	—	—	1	—	—	—
Total			70	—	—	1	—	—	—
Bosnia and Herzegovina
Danske Commodities BH d.o.o.	Bosnia and Herzegovina	MMP	-	-	-	-	-	-	-
Total			-	-	-	-	-	-	-

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
18	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)		Country of Core business operation activity	Number of employees¹⁾	Intercompany interest	Revenues	Income before tax	Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾

Brazil
Bom Jesus Investimentos Fotovoltaicos 2 Ltda	Brazil	REN	-	-	-	-	-	-	-
Copacabana Geracao de Energia e Participacoes S.A	Brazil	REN	-	-	-	-	-	-	-
Danske Commodities Comercializadora De Energia LTDA	Brazil	MMP	14	-	3	3	(1)	-	2
Eolica Paraipaba I S.A.	Brazil	REN	-	-	-	-	-	-	-
Eolica Paraipaba II S.A.	Brazil	REN	-	-	-	-	-	-	-
Eolica Paraipaba III S.A.	Brazil	REN	-	-	-	-	-	-	-
Eolica Paraipaba IV S.A.	Brazil	REN	-	-	-	-	-	-	-
Eolica Serra da Babilonia II S.A.	Brazil	REN	-	-	-	-	-	-	-
Eolica Serra da Babilonia IX S.A.	Brazil	REN	-	-	-	-	-	-	-
Eolica Serra da Babilonia VI S.A.	Brazil	REN	-	-	-	-	-	-	-
Eolica Serra da Babilonia VII S.A.	Brazil	REN	-	-	-	-	-	-	-
Eolica Serra da Babilonia VIII S.A.	Brazil	REN	-	-	-	-	-	-	-
Eolica Serra da Babilonia X S.A.	Brazil	REN	-	-	-	-	-	-	-
Eolica Serra da Babilonia XI S.A.	Brazil	REN	-	-	-	-	-	-	-
Eolica Serra da Babilonia XII S.A.	Brazil	REN	-	-	-	-	-	-	-
Equinor Brasil Energia Ltda.	Brazil	EPI	992	(548)	1,203	695	(536)	(1)	(3,766)
Equinor Energy do Brasil Ltda	Brazil	EPI	64	(1)	637	10	(216)	(29)	64
Horus Investimentos S.A.	Brazil	REN	-	-	48	(30)	(3)	(3)	(291)
Mendubim Geração De Energia S.A.	Brazil	REN	-	-	-	-	-	-	-
Paraipaba Geracao de Energia S.A.	Brazil	REN	-	-	-	-	-	-	-
Rio Energy Comercializadora de Energy S.A	Brazil	REN	-	-	-	-	-	-	-
Rio Energy Desenvolvimento de Renovaveis S.A.	Brazil	REN	-	-	-	-	-	-	-
Rio Energy Participacoes S.A.	Brazil	REN	-	-	-	-	-	-	-
Sao Conrado Geracao de Energia e Participacoes S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro I S.A	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro II S.A	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro III S.A	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro IV S.A	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro V S.A	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro VI S.A	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro X S.A.	Brazil	REN	-	-	-	-	-	-	-

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
19	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)	Country of operation	Core business activity	Number of	Intercompany interest	Revenues	Income before tax	Income tax		Retained
			employees¹⁾				expense²⁾	Income tax paid³⁾	earnings⁵⁾
Solar Luzeiro XI S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro XII S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro XIII S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro XIV S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro XV S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro XVI S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Luzeiro XVIII S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Sao Conrado I S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Sao Conrado II S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Sao Conrado III S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Sao Conrado IV S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Sao Conrado V S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Sao Conrado VI S.A.	Brazil	REN	-	-	-	-	-	-	-
Solar Sao Conrado VII S.A.	Brazil	REN	-	-	-	-	-	-	-
Urca Geracao de Energia e Participacoes S.A.	Brazil	REN	-	-	-	-	-	-	-
Total			1,070	(549)	1,891	678	(755)	(33)	(3,991)
Canada
Equinor Canda Holding Corp.	Canada	EPI	-	-	-	-	-	-	-
Equinor Canada Ltd.	Canada	EPI	71	-	451	84	(49)	-	(2,109)
Total			71	-	451	84	(49)	-	(2,109)
China
Beijing Equinor Business Consulting Service Co. Ltd	China	MMP	6	-	-	-	-	-	3
Total			6	-	-	-	-	-	3
Czech Republic
Danske Commodities A/S, organizacní složka (branch of Danske Commodities A/S)	Czech Republic	MMP	-	-	-	-	-	-	-
Total			-	-	-	-	-	-	-

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
20	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation
(in USD million)	Country of operation	Core business activity	Number of employees¹⁾	Intercompany interest	Revenues	Income before tax	Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾

Denmark
BeGreen A/S	Denmark	REN	-	-	1	(209)	18	3	(215)
BeGreen 2018-30 ApS, Komplementarselskabet	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2018-30 K/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2020-34 ApS, Komplementarselskabet	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2020-34 K/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2020-36 ApS, Komplementarselskabet	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2020-36 K/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2021-38 ApS, Komplementarselskabet	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2021-38 P/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2021-39 P/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2021-40 P/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2021-41 P/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2021-42 P/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2022-44 K/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2022-45 K/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2022-46 K/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2022-47 K/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2022-48 K/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2022-50 K/S	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2018-30 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen 2024-52 ApS	Denmark	REN	-	-	-	-	-	-	-
BeGreen Holding 2024-56 ApS	Denmark	REN	-	-	-	-	-	-	-
BeGreen 2024-56 K/S	Denmark	REN	-	-	-	-	-	-	-
BeGreen Holding 2020-34 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2020-36 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2021-38 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2021-39 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2021-40 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2021-41 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2021-42 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2022-44 ApS	Denmark	REN	-	—	—	—	—	—	—

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
21	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)	Country of operation	Core business activity	Number of employees¹⁾	Intercompany interest	Revenues	Income before tax	Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾

BeGreen Holding 2022-45 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2022-46 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2022-47 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2022-48 ApS	Denmark	REN	-	—	—	—	—	—	—
BeGreen Holding 2022-50 ApS	Denmark	REN	-	—	—	—	—	—	—
Danske Commodities A/S	Denmark	MMP	551	62	2,618	219	(54)	(87)	294
Equinor Danmark A/S	Denmark	MMP	-	10	-	(11)	-	(1)	(54)
Equinor Low Carbon Solutions Denmark A/S	Denmark	MMP	-	-	-	(2)	-	-	(1)
Equinor Renewables Denmark A/S	Denmark	REN	11	(1)	114	92	8	-	64
Komplementarselskabet BeGreen 2021-39 ApS	Denmark	REN	-	-	-	-	-	-	-
Komplementarselskabet BeGreen 2021-40 ApS	Denmark	REN	-	—	—	—	—	—	—
Komplementarselskabet BeGreen 2021-41 ApS	Denmark	REN	-	—	—	—	—	—	—
Komplementarselskabet BeGreen 2021-42 ApS	Denmark	REN	-	—	—	—	—	—	—
Komplementarselskabet BeGreen 2022-44 ApS	Denmark	REN	-	—	—	—	—	—	—
Komplementarselskabet BeGreen 2022-45 ApS	Denmark	REN	-	—	—	—	—	—	—
Komplementarselskabet BeGreen 2022-46 ApS	Denmark	REN	-	—	—	—	—	—	—
Komplementarselskabet BeGreen 2022-47 ApS	Denmark	REN	-	—	—	—	—	—	—
Komplementarselskabet BeGreen 2022-48 ApS	Denmark	REN	-	—	—	—	—	—	—
Komplementarselskabet BeGreen 2022-50 ApS	Denmark	REN	-	-	-	-	-	-	-
Komplementarselskabet BeGreen 2024-56 ApS	Denmark	REN	-	—	—	—	—	—	—
Total			562	70	2,733	88	(27)	(85)	88
France
Equinor Renewables France SAS	France	REN	-	—	—	—	—	—	—
Total			-	—	—	—	—	—	—
Germany
BeGreen Renewable Germany GmbH	Germany	REN	-	-	-	-	-	-	-
Danske Commodities Deutschland GmbH	Germany	MMP	2	—	—	—	—	—	—
Equinor Deutschland GmbH	Germany	MMP	14	3	1	1	(8)	(5)	26
Equinor Deutschland Renewables Holding GmbH	Germany	REN	-	—	—	—	—	—	—
Equinor Property Deutschland GmbH	Germany	MMP	-	—	—	—	—	—	(1)

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
22	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)	Country of operation	Core business activity	Number of employees¹⁾	Intercompany interest	Revenues	Income before tax	Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾

Equinor Renewables Deutschland GmbH	Germany	REN	-	1	—	—	—	—	(15)
Equinor Storage Deutschland GmbH	Germany	MMP	5	1	53	31	(1)	—	25
Equinor Wind A Deutschland GmbH	Germany	REN	-	—	—	—	—	—	—
Equinor Wind B Deutschland GmbH	Germany	REN	-	—	—	—	—	—	—
Equinor Wind C Deutschland GmbH	Germany	REN	-	—	—	—	—	—	—
Total			21	5	54	32	(9)	(5)	36
India
Equinor India Private Limited	India	EPI	4	—	—	—	—	—	—
Total			4	—	—	—	—	—	—
Ireland
Equinor Ireland Limited	Ireland	EPI	-	—	—	—	—	—	1
Total			-	—	—	—	—	—	1
Japan
Equinor Japan G.K.	Japan	REN	9	—	—	(2)	—	—	(2)
Total			9	—	—	(2)	—	—	(2)
Kosovo
Danske Commodities Kosovo SH.P.K.	Kosovo	MMP	-	—	—	—	—	—	—
Total			-	—	—	—	—	—	—
Mexico
Equinor Mexico Trading, S.A. de C.V.	Mexico	MMP	-	—	—	—	—	—	—
Equinor Upstream Mexico, S.A. de C.V.	Mexico	EPI	-	—	—	3	—	—	(136)
Total			-	—	—	3	—	—	(136)
Macedonia
Danske Commodities DOOEL Skopje	Macedonia	MMP	1	—	—	—	—	—	—
Total			1	—	—	—	—	—	—

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
23	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)	Country of operation	Core business activity	Number of employees¹⁾	Intercompany interest	Revenues	Income before tax	Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾

Netherlands
Equinor Energy Ventures Fund B.V.	Netherlands	TDI	-	—	—	(3)	1	1	(34)
Equinor Abu Dhabi B.V.	Netherlands	EPI	-	—	—	—	—	—	(29)
Equinor Algeria B.V.	Algeria	EPI	-	—	—	(1)	—	—	(53)
Equinor Argentina B.V.	Argentina	EPI	-	(4)	48	(45)	45	1	(193)
Equinor Australia B.V.	Australia	EPI	2	-	(5)	(16)	—	—	(293)
Equinor Azerbaijan Karabagh B.V.	Azerbaijan	EPI	-	1	—	—	—	—	(210)
Equinor Holding Netherlands B.V.	Netherlands	EPI	25	133	(3)	(1,031)	(30)	(15)	(866)
Equinor International Netherlands B.V.	Netherlands	EPI	-	-	—	—	—	—	287
Equinor Low Carbon Solutions B.V.	Netherlands	MMP	-	1	-	(22)	-	-	(24)
Equinor New Zealand B.V.	New Zealand	EPI	-	-	—	—	—	—	(76)
Equinor Renewables B.V.	Netherlands	REN	-	1	(1)	5	—	—	(15)
Equinor Renewables Brazil B.V.	Netherlands	REN	-	1	—	(2)	(1)	(1)	(6)
Equinor Solar Power B.V.	Netherlands	REN	-	-	—	—	—	—	—
Equinor South Africa B.V.	South Africa	EPI	-	-	—	—	—	—	(93)
Equinor Suriname B54 B.V.	Suriname	EPI	-	-	—	—	—	—	(35)
Equinor Suriname B59 B.V.	Suriname	EPI	-	-	—	—	—	—	(24)
Equinor Suriname B60 B.V.	Suriname	EPI	-	-	—	—	—	—	(12)
Statoil Colombia B.V.	Colombia	EPI	-	-	—	—	—	—	(123)
Statoil Middle East Services Netherlands B.V.	Iraq	EPI	-	-	—	—	—	—	(187)
Statoil Uruguay B.V.	Uruguay	EPI	-	-	—	—	—	—	(74)
Total			27	133	39	(1,116)	14	(16)	(2,059)
Nigeria
Equinor Nigeria Deep Water Limited	Nigeria	EPI	-	—	—	—	—	—	(35)
Equinor Nigeria Energy Company Limited	Nigeria	EPI	10	-	-	-	-	-	-
Equinor Nigeria Outer Shelf Limited	Nigeria	EPI	-	—	—	—	—	—	(148)
Spinnaker Exploration 256 LTD (Nigeria)	Nigeria	EPI	-	—	—	—	—	—	(13)
Spinnaker Nigeria 242 LTD	Nigeria	EPI	-	—	—	—	—	—	(16)
Total			10	—	—	—	—	—	(212)

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
24	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
	Country of	Core business	Number of	Intercompany		Income before	Income tax		Retained
(in USD million)	operation	activity	employees¹⁾	interest	Revenues	tax	expense²⁾	Income tax paid³⁾	earnings⁵⁾
Norway
Equinor Algeria AS	Algeria	EPI	17	—	—	(3)	—	—	(7)
Equinor Angola AS	Angola	EPI	-	—	—	(1)	—	—	8
Equinor Angola Block 1/14 AS	Angola	EPI	-	1	—	(3)	(1)	—	(3)
Equinor Angola Block 15 AS	Angola	EPI	-	9	445	310	(110)	(30)	—
Equinor Angola Block 15/06 Award AS	Angola	EPI	-	—	—	—	—	—	(1)
Equinor Angola Block 17 AS	Angola	EPI	19	17	665	413	(189)	(142)	323
Equinor Angola Block 25 AS	Angola	EPI	-	—	—	—	—	—	—
Equinor Angola Block 29 AS	Angola	EPI	-	—	—	(1)	—	—	(1)
Equinor Angola Block 31 AS	Angola	EPI	-	8	290	226	(61)	(29)	259
Equinor Angola Block 31/21 AS	Angola	EPI	-	—	—	(1)	—	—	(1)
Equinor Angola Block 40 AS	Angola	EPI	-	—	—	—	—	—	(32)
Equinor Angola Block 46 AS	Angola	EPI	-	—	—	—	—	—	(1)
Equinor Angola Block 47 AS	Angola	EPI	-	—	—	(1)	—	—	(2)
Equinor Apsheron AS	Azerbaijan	EPI	-	13	175	89	(43)	(50)	525
Equinor Argentina AS	Argentina	EPI	-	(9)	11	(94)	4	(2)	(346)
Equinor ASA	Norway	Parent	20,977	(6)	62,672	5,858	(27)	(254)	31,605
Equinor Asset Management AS	Norway	EPI	19	—	14	6	(1)	(1)	14
Equinor BTC Caspian AS	Azerbaijan	EPI	-	1	14	9	6	(2)	(39)
Equinor BTC Finance AS	Norway	EPI	-	—	—	—	—	—	279
Equinor China AS	China	MMP	-	—	—	—	—	—	(19)
Equinor Dezassete AS	Angola	EPI	-	13	499	321	(141)	(99)	278
Equinor E&P Americas AS	Norway	EPI	-	6	—	(8)	(1)	(1)	(16)
Equinor Energy AS	Norway	EPN	-	317	36,897	27,183	(20,229)	(19,076)	15,966
Equinor Energy International AS	Norway	EPI	-	6	—	(16)	(3)	—	(158)
Equinor Energy Libya AS	Libya	EPI	-	1	—	—	(1)	(1)	(64)
Equinor Gas Marketing Europe AS	Norway	MMP	-	-	—	—	—	—	(1)
Equinor Global Projects AS	Norway	EPI	-	-	—	—	—	—	—
Equinor In Amenas AS	Algeria	EPI	-	4	236	115	(67)	(92)	15
Equinor In Salah AS	Algeria	EPI	-	9	254	104	(53)	(58)	49
Equinor India AS	India	EPI	-	—	—	(1)	—	—	(3)
Equinor Insurance AS	Norway	Insurance	4	—	15	423	(123)	(97)	2,157
Equinor International Well Response Company AS	Norway	PDP	-	1	—	1	(1)	(1)	(15)
Equinor Libya AS	Libya	EPI	5	—	—	(2)	—	—	(3)

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
25	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)	Country of operation	Core business activity	Number of	Intercompany interest	Revenues	Income before tax	Income tax		Retained
			employees¹⁾				expense²⁾	Income tax paid³⁾	earnings⁵⁾
Equinor LNG Ship Holding AS	Norway	MMP	-	—	4	7	—	—	9
Equinor Low Carbon Solution AS	Norway	MMP	-	2	—	(2)	—	—	(2)
Equinor Metanol ANS	Norway	MMP	-	—	79	16	—	—	75
Equinor Murzuq Area 146 AS	Libya	EPI	-	—	—	—	—	—	(3)
Equinor Murzuq AS	Libya	EPI	-	2	116	102	(74)	(72)	98
Equinor New Energy AS	Norway	REN	-	3	—	3	(2)	(1)	20
Equinor Nigeria AS	Norway	EPI	-	19	—	313	(87)	(12)	1,198
Equinor Norsk LNG AS	USA	MMP	-	7	—	(10)	(2)	—	(57)
Equinor Power Marketing AS	Norway	MMP	-	-	-	-	-	-	-
Equinor Projects Holding AS	Norway	ADMIN	-	-	-	-	-	-	-
Equinor Refining Norway AS	Norway	MMP	-	95	324	407	44	(76)	3,747
Equinor Russia Energy AS	Russia	EPI	2	—	—	—	—	—	(19)
Equinor Russia Holding AS	Russia	EPI	-	1	—	(2)	—	(1)	(716)
Equinor Solar Power AS	Norway	MMP	-	1	—	1	(1)	(2)	—
Equinor Sørlige Nordsjø II AS	Norway	REN	-	-	-	-	-	-	-
Equinor Tanzania AS	Tanzania	EPI	8	1	—	(11)	(1)	—	(275)
Equinor Trading International AS	Norway	MMP	-	—	—	—	—	—	(2)
Equinor UK Limited - NUF	UK	EPI	-	5	43	49	—	—	128
Equinor Ventures AS	Norway	TDI	-	6	2	(16)	—	—	(192)
Equinor Wind Power AS	Norway	REN	-	(26)	23	(175)	22	(2)	(348)
Hywind AS	Norway	REN	-	—	—	—	—	—	(6)
K/S Rafinor A/S	Norway	MMP	-	1	—	3	—	—	31
Margrethe Jørgensens Vei 13 AS	Norway	Admin	-	—	—	—	—	—	—
Mongstad Terminal DA	Norway	MMP	-	1	94	35	—	—	36
Rafinor AS	Norway	MMP	-	—	—	—	—	—	1
Sandsliveien 90 AS	Norway	Admin	-	—	—	—	—	—	—
Smeaheia Carbon Storage ANS	Norway	REN	-	-	-	-	-	-	-
Statholding AS	Norway	EPI	-	10	—	2	(2)	(79)	1
Statoil Cyrenaica AS	Libya	EPI	-	—	—	—	—	—	(5)
Statoil Greenland AS	Greenland	EPI	-	—	—	—	—	—	(1)
Statoil Iran AS	Iran	EPI	-	—	—	—	—	—	1
Statoil Kufra AS	Libya	EPI	-	—	—	—	—	—	1

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
26	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)		Country of Core business operation activity	Number of	Intercompany interest	Revenues	Income before tax	Income tax		Retained
			employees¹⁾				expense²⁾	Income tax paid³⁾	earnings⁵⁾
Statoil SP Gas AS	Iran	EPI	-	2	—	(3)	—	—	1
Statoil Zagros Oil and Gas AS	Iran	EPI	-	—	—	—	—	—	(9)
Svanholmen 8 AS	Norway	Admin	-	—	—	4	(1)	(1)	(1)
Tjeldbergodden Luftgassfabrikk DA	Norway	MMP	-	—	35	1	—	—	2
Total			21,051	525	102,907	35,649	(21,145)	(20,182)	54,478
Poland
BeGreen Holding 2018-31 Sp.z o.o.	Poland	REN	-	—	—	—	—	—	—
BeGreen Poland 2018-31 Sp.z o.o.	Poland	REN	-	—	—	—	—	—	—
BeGreen Poland 2018-31 Sp.z o.o. Sp.k.	Poland	REN	-	—	—	—	—	—	—
BeGreen Poland 2021-43 Sp.z o.o	Poland	REN	-	—	—	—	—	—	—
BeGreen Poland	Poland	REN	-	—	—	—	—	—	—
BES Management Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(3)
BESS CM2 sp. z o.o.	Poland	REN	-	-	-	(1)	-	-	(1)
Cristallum 13 Sp.zo.o.	Poland	REN	-	—	—	—	—	—	—
Cristallum 35 Sp.z.o.o.	Poland	REN	-	—	—	—	—	—	—
Cristallum 46 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Cristallum 47 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Cristallum 48 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Cristallum 49 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Cristallum 50 Sp. z o.o	Poland	REN	-	—	—	-	—	—	—
Danske Commodities A/S (Polish Branch)	Poland	MMP	1	—	—	-	—	—	—
Elektrownie Wiatrowe Wronki sp. z o.o.	Poland	REN	-	-	-	-	-	-	-
Energy Solar 30 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 42 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 43 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	(1)
Energy Solar 46 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 47 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	(1)
Energy Solar 48 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 51 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 53 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 59 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
27	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)	Country of operation	Core business activity	Number of employees¹⁾	Intercompany interest	Revenues	Income before tax	Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾

Energy Solar 62 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 63 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 65 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 66 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 67 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 68 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 69 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 70 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 71 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	(1)
Energy Solar 72 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Energy Solar 76 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	—
Energy Solar 77 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(1)
Energy Solar 79 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	—
Energy Solar 81 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Energy Solar 82 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Energy Solar 83 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Energy Solar 84 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Energy Solar 85 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Equinor Polska Sp.zo.o.	Poland	REN	34	1	—	1	(1)	—	(2)
G Solar Energy 2 Sp. z o.o.	Poland	REN	-	—	2	—	—	—	—
Grand Solar 1 Sp. z o. o.	Poland	REN	-	—	4	(1)	—	—	3
Grand Solar 10 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(1)
Grand Solar 11 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 12 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(1)
Grand Solar 13 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 14 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(1)
Grand Solar 15 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(1)
Grand Solar 16 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(1)
Grand Solar 17 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(1)
Grand Solar 18 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(2)
Grand Solar 19 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(1)
Grand Solar 2 Sp. z o. o.	Poland	REN	-	—	14	9	—	—	9

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
28	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)		Country of Core business operation	Number of activity employees¹⁾	Intercompany interest	Revenues	Income before tax	Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾

Grand Solar 20 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 21 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 22 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 23 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	(2)
Grand Solar 24 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 25 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	(1)
Grand Solar 26 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	(1)
Grand Solar 27 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 28 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	(1)
Grand Solar 29 Sp. z o.o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 3 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(2)
Grand Solar 31 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 32 Sp. z. o. o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 33 Sp. z. o. o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 34 Sp. z. o. o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 35 Sp. z. o. o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 36 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Grand Solar 37 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 38 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	—
Grand Solar 39 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Grand Solar 4 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	(2)
Grand Solar 40 Sp. z o.o.	Poland	REN	-	-	-	-	-	-	-
Grand Solar 5 Sp. z o. o.	Poland	REN	-	—	—	(1)	—	—	(4)
Grand Solar 6 Sp. z o. o.	Poland	REN	-	—	—	(1)	—	—	(1)
Grand Solar 7 Sp. z o. o.	Poland	REN	-	—	—	(1)	—	—	(3)
Grand Solar 8 Sp. z o. o.	Poland	REN	-	—	—	(1)	—	—	(2)
Grand Solar 9 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	—
Kaliskie Elektrownie Wiatrowe sp. z o.o.	Poland	REN	-	-	-	-	-	-	-
MEP East 44 Sp.zo.o.	Poland	REN	-	—	—	—	—	—	—
MEP East Sp.zo.o.	Poland	REN	-	—	—	—	—	—	—
MEP North Sp.zo.o.	Poland	REN	-	—	—	—	—	—	—
MM Wind sp. z o.o.	Poland	REN	-	-	-	-	-	-	-

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
29	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)	Country of operation	Core business activity	Number of employees¹⁾	Intercompany interest	Revenues	Income before tax	Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾

Park Wiatrowy 13 sp. z o.o.	Poland	REN	-	-	-	-	-	-	-
Park Wiatrowy Kalisz Polnoc sp. z o.o.	Poland	REN	-	-	-	-	-	-	-
SUN 4 KORYTA sp. z o.o.	Poland	REN	-	-	-	-	-	-	(1)
Wento Sp. z o. o.	Poland	REN	-	—	—	1	—	—	(9)
Wilko 5 Sp. z o.o.	Poland	REN	-	(2)	10	4	1	1	9
Wind Power 1 Sp. z. o. o.	Poland	REN	-	—	—	—	—	—	—
Wind Power 2 Sp. z. o. o.	Poland	REN	-	—	—	—	—	—	—
Wind Power 3 Sp. z. o. o.	Poland	REN	-	—	—	—	—	—	—
Wind Power 4 Sp. z. o. o.	Poland	REN	-	—	—	—	—	—	—
Wind Power 6 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Wind Power 7 Sp. z o. o.	Poland	REN	-	—	—	—	—	—	—
Wind Power 8 Sp. z o.o.	Poland	REN	-	—	—	(1)	—	—	(1)
Wind Power 9 Sp. z o. o.	Poland	REN	-	—	—	-	—	—	—
Total			35	(2)	31	3	—	—	(39)
Romania
Danske Commodities A/S Aarhus Sucursala Bucuresti (Branch)	Romania	MMP	-	-	-	-	-	-	-
Total			-	-	-	-	-	-	-
Singapore
Danske Commodities APAC Pte. Ltd.	Singapore	MMP	6	(1)	(3)	(8)	(2)	-	(2)
Equinor Asia Pacific Pte. Ltd.	Singapore	MMP	75	2	-	3	(1)	(1)	23
Total			81	2	(3)	(4)	(3)	(1)	21
South Korea
Bandibuli Energy Co., Ltd.	South Korea	REN	-	-	-	(55)	-	-	(164)
Dong Chuja Energy Co., Ltd	South Korea	REN	-	-	-	(3)	-	-	(12)
Equinor Korea Co., Ltd.	South Korea	REN	26	-	-	5	(1)	(2)	9
Hwarang O&M Co., Ltd	South Korea	REN	-	-	-	-	-	-	-
Seo Chuja Energy Co., Ltd.	South Korea	REN	-	-	-	(9)	-	-	(41)
Total			26	-	-	(62)	(1)	(2)	(208)

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
30	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)		Country of Core business operation activity	Number of	Intercompany interest	Revenues	Income before tax	Income tax		Retained
			employees¹⁾				expense²⁾	Income tax paid³⁾	earnings⁵⁾
Spain
Equinor Nuevas Energias S.L.	Spain	REN	-	-	-	-	-	-	(1)
Total			-	-	-	-	-	-	(1)
Sweden
BeGreen Sweden 2020-35 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2022-49 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2023-51 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-53 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-54 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-55 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-57 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-58 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-59 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-60 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-61 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-62 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-63 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-64 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-65 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden 2024-66 AB	Sweden	REN	-	-	-	-	-	-	-
BeGreen Sweden AB	Sweden	REN	-	-	-	-	-	-	-
Danske Commodities Sweden AB	Sweden	MMP	1	-	-	-	-	-	-
Equinor Energy Sweden AB	Sweden	EPI	-	-	-	-	-	-	-
Equinor OTS AB	Sweden	MMP	-	-	-	2	(1)	-	14
Lyngsåsa Kraft AB	Sweden	REN	-	-	-	-	-	-	-
Total			1	-	-	2	(1)	-	14
Turkey
Danske Commodities Turkey Enerji Ticaret A.S.	Turkey	MMP	1	-	1	2	-	-	4
Total			1	-	1	2	-	-	4

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
31	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation				Net
(in USD million)		Country of Core business operation activity	Number of employees¹⁾	Intercompany interest	Revenues	Income before tax	Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾

UK
Aldbrough Hydrogen Storage LTD	UK	MMP	-	-	-	-	-	-	-
Danske Commodities UK Limited	UK	MMP	-	—	—	—	—	2	2
Doggerbank Offshore Wind Farm Project 1 Projco Limited	UK	REN	-	-	-	-	-	-	-
Doggerbank Offshore Wind Farm Project 2 Projco Limited	UK	REN	-	-	-	-	-	-	-
Doggerbank Offshore Wind Farm Project 3 Projco Limited	UK	REN	-	-	-	-	-	-	-
Doggerbank Offshore Wind Farm Project 4 Projco Limited	UK	REN	-	-	-	-	-	-	-
Dudgeon Holdings II Limited	UK	REN	-	-	-	-	-	-	-
Dudgeon Offshore Wind Limited	UK	REN	-	-	-	-	-	-	-
Equinor Blandford Road Limited	UK	REN	-	-	4	-	-	-	2
Equinor Commodities UK Limited	UK	MMP	-	-	-	-	-	-	-
Equinor Energy Trading Limited	UK	MMP	-	-	-	-	-	-	(95)
Equinor H2H Saltend Ltd	UK	MMP	-	1	14	(50)	-	-	(49)
Equinor Low Carbons UK Limited	UK	MMP	-	5	(22)	(247)	52	-	-
Equinor New Energy Limited	UK	REN	-	48	58	366	(37)	14	1,906
Equinor NZT Holdings Limited	UK	MMP	-	-	3	3	-	-	3
Equinor Production UK Limited	UK	EPI	325	(1)	1	(3)	(2)	(1)	(28)
Equinor UK Limited	UK	EPI	603	(8)	952	50	366	(8)	436
Equinor Welkin Mill Limited	UK	REN	-	(2)	-	(2)	-	-	(3)
Equinor WOS Limited	UK	MMP	-	(3)	9	4	97	-	238
Humber Hydrogen Transmission System Ltd	UK	MMP	-	-	-	-	-	-	-
Hywind (Scotland) Limited	UK	REN	-	-	-	-	-	-	-
Merlin Offshore Wind 2 Limited	UK	REN	-	-	-	-	-	-	-
Scira Extension Limited	UK	REN	-	-	-	(11)	-	-	(63)
Statoil UK Properties Limited	UK	EPI	-	-	-	-	-	-	(50)
Total			928	41	1,020	111	475	6	2,298
Ukraine
Danske Commodities Ukraine LLC	Ukraine	MMP	-	-	-	-	-	-	-
Total			-	-	-	-	-	-	-

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
32	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation					Net
		Country of	Core business	Number of	Intercompany		Income before	Income tax		Retained
(in USD million)		operation	activity	employees¹⁾	interest	Revenues	tax	expense²⁾	Income tax paid³⁾	earnings⁵⁾
USA
Amaya Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Anchor Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Archer Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Atlas Offshore Wind LLC	USA	REN		-	(5)	-	(91)	-	-	(98)
Beech Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Berwick Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Bethlehem Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Birch Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Bluewind Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Bobcat Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Brookins Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Burelle Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Camelot Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Canopy Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Cedar Hall Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Cerulean Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Citrus Flatts Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Commerce Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Dairy Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Danske Commodities US LLC	USA		MMP	-	1	18	11	-	-	47
Diamond Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
East Clay Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
East Point Energy LLC	USA	REN		-	-	-	(34)	-	-	(51)
East Point NOVA HoldCo, LLC	USA	REN		-	-	-	-	-	-	-
Eleanor Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Empire Leaseholder LLC	USA	REN		-	-	-	-	-	-	-
Empire Offshore Member LLC	USA	REN		-	-	-	-	-	-	-
Empire Offshore Mezz LLC	USA	REN		-	-	-	-	-	-	-
Empire Offshore Pledgor LLC	USA	REN		-	-	-	-	-	-	-
Empire Offshore Wind Holdings LLC	USA	REN		-	-	-	-	-	-	1
Empire Offshore Wind LLC	USA	REN		-	-	-	(13)	-	-	(423)

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
33	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation					Net
		Country of	Core business	Number of	Intercompany		Income before	Income tax		Retained
(in USD million)		operation	activity	employees¹⁾	interest	Revenues	tax	expense²⁾	Income tax paid³⁾	earnings⁵⁾
Empire Wind 2 LLC	USA		REN	-	-	-	(1)	-	-	(1)
Equinor E&P Americas Investment LLC	USA	EPI		-	-	-	-	-	-	-
Equinor E&P Americas LP	USA	EPI		-	1	-	1	-	-	(51)
Equinor Energy LP	USA	EPI		-	53	(6)	43	-	-	(7,881)
Equinor Energy Services Inc.	USA	EPI		-	-	-	-	-	-	-
Equinor Energy Trading Inc.	USA		MMP	-	-	-	-	-	-	2
Equinor Exploration Company	USA	EPI		-	1	-	1	-	-	(48)
Equinor Global Projects LLC	USA	EPI		-	-	-	-	-	-	-
Equinor Gulf of Mexico Inc.	USA	EPI		-	1	-	1	-	-	(9)
Equinor Gulf of Mexico LLC	USA	EPI		-	399	2,375	1,417	-	-	588
Equinor Gulf of Mexico Response Company LLC	USA	EPI		-	(4)	-	(4)	-	-	(128)
Equinor Gulf Properties Inc.	USA	EPI		-	-	-	(1)	-	-	(225)
Equinor LCS Holdings LLC	USA		MMP	-	(10)	-	(43)	-	-	(50)
Equinor Louisiana Properties LLC	USA	EPI		-	(12)	-	(12)	-	-	(202)
Equinor Marketing & Trading (US) Inc.	USA		MMP	-	(6)	23,845	323	-	-	1,001
Equinor Natural Gas LLC	USA		MMP	-	70	1,883	542	(68)	(5)	930
Equinor Pipelines LLC	USA		MMP	-	52	198	188	-	-	738
Equinor Projects Inc.	USA	EPI		-	-	-	-	-	-	5
Equinor Shipping Inc.	USA		MMP	-	14	408	76	-	-	361
Equinor TDI East Texas LLC	USA		TDI	-	-	-	(1)	-	-	(1)
Equinor TDI Holdings LLC	USA		TDI	-	-	-	(3)	2	-	(1)
Equinor TDI Southwest Arkansas LLC	USA		TDI	-	-	-	(4)	-	-	(4)
Equinor Texas Onshore Properties LLC	USA	EPI		-	3	-	4	-	-	(3,753)
Equinor US Capital LLC	USA	EPI		-	-	-	-	-	-	-
Equinor US CCS 1, LLC	USA		MMP	-	(1)	(26)	(27)	-	-	(38)
Equinor US Holdings Inc.	USA	EPI		-	(834)	-	(837)	(26)	(393)	(4,309)
Equinor US Operations LLC	USA	EPI		660	-	-	(3)	(320)	-	(795)
Equinor USA E&P Inc.	USA	EPI		-	(33)	605	(43)	-	-	(1,388)
Equinor USA Onshore Properties Inc.	USA	EPI		-	97	785	(27)	-	-	(885)
Equinor USA Properties Inc.	USA	EPI		-	-	-	-	(52)	-	1,978
Equinor Wind Services LLC	USA		REN	-	1	5	6	-	-	23
Equinor Wind US LLC	USA		REN	-	(41)	12	(70)	85	-	847

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
34	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation					Net
(in USD million)		Country of operation	Core business activity	Number of employees¹⁾	Intercompany interest	Revenues	Income before tax	Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾

Evergreen Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
EW Offshore Wind Transport Corporation	USA	REN		-	-	-	-	-	-	-
Flat Rock Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Fork Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Fox Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Goodrich Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Greta Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Guinevere Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Gullane Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Halifax Mt Laurel Solar LLC	USA	REN		-	-	-	-	-	-	-
Haslett Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Hermon Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Hillis Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Hillman Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Honeycutt Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Hopkins Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Ivey Mill Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
James Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Juanita Creek Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Kings Mill Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Lackie Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Lentz Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Little Mountain Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Long Branch Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Long Hill Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Lucius Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Meadowfield Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Mill Stone Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
North America Properties LLC	USA	EPI		-	1	-	1	-	-	(2)
Oak Crest Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Oak Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Oakey Springs Energy Center, LLC	USA	REN		-	-	-	-	-	-	-

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
35	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation					Net
(in USD million)		Country of operation	Core business activity	Number of employees¹⁾	Intercompany interest	Revenues	Income before tax	Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾

Okemos Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Olive Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Omar Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Onshore Holdings LLC	USA	EPI		-	-	-	-	-	-	(149)
Oxford Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Park Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Peach Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Pinsley Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Pleasant Valley Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Poplar Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Poteet Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Potters Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Quarry Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Rabbit Hollow Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Railroad Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Rawsonville Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Red Run Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Refuge Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Reid Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Renewable Energy Shared Assets LLC	USA	REN		-	-	-	-	-	-	-
Rosepine Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Roxboro Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Sangchris Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
SBMT Asset LLC	USA	REN		-	-	-	(170)	-	-	(170)
SBMT Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Shoals Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Simpson Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Snow Camp Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Spindler Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Summersweet Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Sunset Ridge Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Tobey 2 Energy Center , LLC	USA	REN		-	-	-	-	-	-	-

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
36	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

incorporation					Net
		Country of	Core business	Number of	Intercompany		Income before	Income tax		Retained
(in USD million)		operation	activity	employees¹⁾	interest	Revenues	tax	expense²⁾	Income tax paid³⁾	earnings⁵⁾

Tobey 3 Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Tobey Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Trek Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Union Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Volta SPV One, LLC	USA	REN		-	-	-	-	-	-	-
Welcome Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Wells Hollow Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
West Haven Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Wire Energy Center, LLC	USA	REN		-	-	-	-	-	-	-
Total				660	(252)	30,101	1,233	(379)	(397)	(14,143)

Sum before eliminations				24,641	(21)	139,591	36,833	(22,055)	(20,734)	34,464
Consolidation eliminations⁴⁾					21	(35,818)	(5,848)	(102)	(90)	6,827
Equinor group				24,641	-	103,774	30,986	(22,157)	(20,824)	41,291

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
37	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

	Number of employees¹⁾		Revenues Income before tax		Income tax expense²⁾	Income tax paid³⁾	Retained earnings⁵⁾
(in USD million)

Algeria	17	13	491	215	(120)	(150)	3
Angola	19	49	1,899	1,263	(502)	(301)	826
Argentina	6	(6)	426	(10)	(125)	(20)	(117)
Australia	2	-	(5)	(16)	-	-	(293)
Azerbaijan	-	15	188	98	(37)	(52)	277
Belgium	70	-	-	1	-	-	-
Brazil	1,070	(549)	1,891	678	(755)	(33)	(3,991)
Canada	71	-	451	84	(49)	-	(2,109)
China	6	-	-	-	-	-	(16)
Colombia	-	-	-	-	-	-	(123)
Denmark	562	70	2,733	88	(27)	(85)	88
Germany	21	5	54	32	(9)	(5)	36
Greenland	-	-	-	-	-	-	(1)
India	4	-	-	-	-	-	(3)
Iran	-	2	-	(4)	-	-	(7)
Iraq	-	-	-	-	-	-	(187)
Ireland	-	-	-	-	-	-	1
Japan	9	-	-	(2)	-	-	(2)
Libya	5	3	116	99	(75)	(73)	25
Macedonia	1	-	-	-	-	-	-
Mexico	-	-	-	3	-	-	(136)
Netherlands	25	136	(3)	(1,054)	(31)	(16)	(687)
New Zealand	-	-	-	-	-	-	(76)
Nigeria	10	-	-	-	-	-	(212)
Norway	21,000	437	100,159	34,047	(20,412)	(19,603)	54,400
Poland	35	(2)	31	3	-	-	(39)
Russia	2	2	-	(2)	-	(1)	(735)
Singapore	81	2	(3)	(4)	(3)	(1)	21
South Africa	-	-	-	-	-	-	(93)
South Korea	26	-	-	(62)	(1)	(2)	(208)
Spain	-	-	-	-	-	-	(1)
Suriname	-	-	-	-	-	-	(72)
Sweden	1	-	-	2	(1)	-	14

			Basis for	Reporting	Consolidated	Payments per project	Contextual information	Contextual information	Other	Independent accountant's	Board statement on Report
38	Contents	Introduction	preparation	principles	overview of payments	and receiving entity	at country level	and Equinor group level	resources	limited assurance report	on payments to governments

	Number of	Net Intercompany			Income tax	Income tax	Retained
(in USD million)	employees¹⁾	interest	Revenues	Income before tax	expense²⁾	paid³⁾	earnings⁵⁾

Tanzania	8	1	-	(11)	(1)	-	(275)
Turkey	1	-	1	2	-	-	4
UK	928	47	1,063	160	475	6	2,426
Uruguay	-	-	-	-	-	-	(74)
USA	660	(245)	30,101	1,222	(381)	(397)	(14,201)
Sum before eliminations	24,641	(21)	139,591	36,833	(22,055)	(20,734)	34,464
Consolidation eliminations⁴⁾	-	21	(35,818)	(5,848)	(102)	(90)	6,827
Equinor group	24,641	-	103,774	30,986	(22,157)	(20,824)	41,291

1) Number of employees is reported based on the company's country of operation.

2) Income tax expense as defined in note 11 of the Consolidated financial statements in the 2024 annual report.

3) Income tax paid includes taxes paid in-kind of USD 318 million.

4) All intercompany balances and transactions arising from Equinor's internal transactions, have been eliminated in full. The relevant amounts are included in the consolidation eliminations line. Revenues column: eliminations of intercompany revenues and netting of some intercompany costs. Income before tax column: eliminations of intercompany dividend distribution and share impairment as well as foreign exchange gain on intergroup loan. Income tax expense column: tax effects of certain elimination entries. Retained earnings column: eliminations are mainly related to foreign currency translation effects in the consolidation process. Translation of results and financial position to presentation currency of USD is significantly affected by the investment in subsidiaries which has NOK as functional currency. In turn, those subsidiaries include the results and financial position of their investments in foreign subsidiaries, which have USD as functional currency. 5) Retained earnings at Equinor group level includes currency translation adjustments and OCI from equity accounted investments as presented in Consolidated statement of changes in equity in the 2024 annual report.

Basis for preparation Reporting principles

Consolidated overview of payments and receiving entity

Payments per project Contextual information at country level

Contextual information and Equinor group level Other resources Independent accountant's limited assurance report

Board statement on Report on payments to governments

Other resources

Data for Payments to governments report 2024 https://www.equinor.com/sustainability/governance-and-transparency#tax-and-transparency
Equinor's tax transparency position https://www.equinor.com/sustainability/governance-and-transparency#tax-and-transparency
Equinor 2024 annual report https://www.equinor.com/investors/annual-reports

To the Board of Directors of Equinor ASA

Independent accountant's limited assurance report on the Report on payments to governments

Scope

We have been engaged by Equinor ASA to perform a limited assurance engagement, as defined by International Standards on Assurance Engagements, here after referred to as the engagement, to report on Equinor ASA's Report on the payments to governments (the "Report") for the year ended 31 December 2024.

Criteria applied by Equinor ASA

In preparing the Report, Equinor ASA applied the Norwegian Accounting Act §2-10, the Norwegian Security Trading Act §5-5a, Forskrift om land-for-land rapportering and the reporting principles as set out in the Report (the "Criteria"); As a result, the information may not be suitable for another purpose.

Equinor ASA's responsibilities

Equinor ASA's Board of Directors and management are responsible for selecting the Criteria, and for presenting the payments to governments in accordance with that Criteria, in all material respects. This responsibility includes establishing and maintaining internal controls, maintaining adequate records, and making estimates that are relevant to the preparation of the Report, such that it is free from material misstatement, whether due to fraud or error.

EY's responsibilities

Our responsibility is to express a conclusion on the presentation of the Report based on the evidence we have obtained.

We conducted our engagement in accordance with the International Standard for Assurance Engagements Other Than Audits or Reviews of Historical Financial Information ('ISAE 3000 (Revised)'), and the terms of reference for this engagement as agreed with Equinor ASA on 02 January 2025. Those standards require that we plan and perform our engagement to express a conclusion on whether we are aware of any material modifications that need to be made to the payments to governments in order for it to be in accordance with the Criteria, and to issue a report. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risk of material misstatement, whether due to fraud or error.

We believe that the evidence obtained is sufficient and appropriate to provide a basis for our limited assurance conclusion.

Our independence and quality management

We have maintained our independence and confirm that we have met the requirements of the Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants, and have the required competencies and experience to conduct this assurance engagement.

Other resources

EY also applies International Standard on Quality Management 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services engagements, which requires that we design, implement and operate a system of quality management including policies or procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.

Description of procedures performed

Procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for a reasonable assurance engagement. Consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Our procedures were designed to obtain a limited level of assurance on which to base our conclusion and do not provide all the evidence that would be required to provide a reasonable level of assurance.

Although we considered the effectiveness of management's internal controls when determining the nature and extent of our procedures, our assurance engagement was not designed to provide assurance on internal controls. Our procedures did not include testing controls or performing procedures relating to checking aggregation or calculation of data within IT systems.

Consolidated overview of payments Payments per project and receiving entity

Contextual information and Equinor group level Other resources Independent accountant's limited assurance report

Board statement on Report on payments to governments

A limited assurance engagement consists of making enquiries, primarily of persons responsible for preparing the Report and related information, and applying analytical and other appropriate procedures.

Our procedures included:

Inquiries with management and relevant personnel to obtain an understanding and to evaluate the appropriateness of methods and procedures used in the preparation of the Report;
Based on our understanding, the use of analytical procedures to identify and discuss any unusual movements in the information presented in the Report compared to the prior year;
On a sample basis, verification of clerical accuracy and nature of payments disclosed in the Report;
Reconciliation of the information presented in the Report to the underlying records and documentation on a sample basis;
Assessment of the appropriateness of the payments in the Report in respect of the defined Criteria; and
Assessment of the appropriateness of the governing policy (WR2665) related to preparation of the Report.

We also performed such other procedures as we considered necessary in the circumstances.

Conclusion

Based on our procedures and the evidence obtained, we are not aware of any material modifications that need to be made to the Report for the year ended 31 December 2024, in order for it to be in accordance with the Criteria.

Stavanger, 04 March 2025 Ernst & Young AS

Tor Inge Skjellevik State Authorised Public Accountant (Norway)

(This translation from Norwegian has been made for information purposes only.)

Consolidated overview of payments

Payments per project and receiving entity