• Equinor average price to free cash flow ratio for 2024 was 9.58, a 77.74% decline from 2023.
• Equinor average price to free cash flow ratio for 2023 was 5.39, a 39.64% increase from 2022.
• Equinor average price to free cash flow ratio for 2022 was 3.86, a 49.34% increase from 2021.

Price to free cash flow ratio can be defined as