• Equinor average return on tangible equity for 2023 was 45.59, a 17.87% decline from 2022.
• Equinor average return on tangible equity for 2022 was 55.51, a 829.82% decline from 2021.
• Equinor average return on tangible equity for 2021 was 5.97, a 153.88% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.