Rotten Company

Equinor ASA

Approved Evidence

Added to Rotten Company: 8/23/2026
Conduct/Event period: June 26, 2002–September 2003
Ongoing: No
Resolution status: Resolved
Resolution date: November 19, 2009
misconduct

Statoil FCPA bribery settlement over Iranian official

Summary

Equinor, then named Statoil ASA, resolved U.S. enforcement proceedings concerning payments to an Iranian government official. The SEC found that Statoil paid bribes through a consulting arrangement to obtain influence in securing oil and gas business in Iran and violated anti-bribery, books-and-records and internal-controls provisions. Statoil agreed to USD 10.5 million disgorgement and a USD 10.5 million criminal penalty under a deferred prosecution agreement; the DOJ later dismissed the charges after Statoil satisfied the agreement. Sources: https://www.sec.gov/news/press/2006/2006-174.htm and https://www.justice.gov/archives/opa/pr/statoil-asa-satisfies-obligations-under-deferred-prosecution-agreement-and-foreign-bribery

Evidence Weight
100.00
Severity: high
Recency Weight: 99.99984400532725
File Weight: 1