Equinor will accelerate its strategic shift towards renewables and low carbon. The company’s first strategy update under new CEO Anders Opedal outlined an increasingly low carbon future, aligned with its 2050 carbon neutrality goal. Headline updates included a move to bring forward the company’s 12-16 GW net renewables capacity by five years to 2030. Equinor also unveiled ambitions to develop 15-30 mmtpa of CO2 storage capacity and 3-5 hydrogen projects over the next 15 years. To fund these goals, investment in renewables and low carbon will rise to 50% of gross investment (before project financing) by the end of this decade. We analyse new company guidance and key messages on strategy.