• Equinor average price to free cash flow ratio for 2024 was 8.01, a 80% decline from 2023.
• Equinor average price to free cash flow ratio for 2023 was 4.45, a 48.83% increase from 2022.
• Equinor average price to free cash flow ratio for 2022 was 2.99, a 48.63% increase from 2021.

Price to free cash flow ratio can be defined as