Side one
01. Taurus I
02. Sheba
03. Conflict
04. Arrival

Side two
01. Wonderful Land
02. Mirage
03. QE2/QE2 Finale
04. Celt
05. Molly

QE2 is the sixth record album by Mike Oldfield, released in 1980 on Virgin Records. The album contained both original Oldfield compositions as well as two cover version of pieces recorded by other bands ("Arrival" by ABBA and "Wonderful Land" by The Shadows).

The longest tracks on the album are "Taurus I" and the title track, "QE2", lasting 10 minutes and 7 minutes respectively. Some years later The Shadows responded to Oldfield's cover of "Wonderful Land", by releasing a cover of Oldfield's "Moonlight Shadow". The cover songs were released as singles; and the helicopter cover for "Arrival" was clearly a reference to ABBA's Arrival album cover.

The album was the first Oldfield album to feature Maggie Reilly as a collaborator. Some tracks on the album feature vocals sung through vocoder. "Conflict" has an excerpt from J. S. Bach’s "Badinerie" (the last part of Bach's Orchestral Suite No. 2 in B Minor). The lyrics for "Celt" were written by Tim Cross.

"Molly" was made for his daughter, Molly Oldfield, who would later play keyboards on The Songs of Distant Earth and play a part in the Songs for Survival project.

On the original vinyl label of the album, the title piece, "QE2" is listed as two tracks, "QE2" by Oldfield/Hentschel and "QE2 Finale" by Oldfield, but gives their running time as a single piece.

The European Adventure Tour 1981, which ran from March to August of that year, was in promotion of the album.

The album and its title track were named after the Cunard Line ocean liner RMS Queen Elizabeth 2. In fact, if one looks closely at the album, it appears to be a closeup of the side of the ship, complete with water level marks in the lower left corner. The first pressing even had a porthole cut out in the sleeve. The inside of the original foldout LP sleeve featured a schematic of one of the Queen Elizabeth 2's decks as well as a stylized picture of her engine, these have not been reprinted in later reissues.

• Mike Oldfield – Acoustic guitar, African drums, banjo, bass guitar, Celtic harp, drum machine, electric guitar, mandolin, marimbas, percussion, piano, rhythm sticks, Spanish guitar, synthesizers, timpani, vibraphone, vocoder, and vocals
• English Chorale – vocals
• Guy Barker – trumpet
• Phil Collins – drums
• Tim Cross – piano, synthesizers
• Raul D'Olivera – trumpet
• Mike Frye – African drums, vocoder, drums, timpani, hi-hat
• David Hentschel – synthesizers, drums, vocals, horn arrangement
• Paul Nieman – trombone
• Morris Pert – drums
• Maggie Reilly – vocals
• Dick Studt – strings
• Philip Todd – tenor saxophone
• Strings and choir arranged by David Bedford
• Simon Johnston – Assistant Engineer
• Peter Greenslade – Assistant Engineers
• Richard Barrie – Technical advice

Side one
01. Taurus I
02. Sheba
03. Conflict
04. Arrival

Side two
01. Wonderful Land
02. Mirage
03. QE2/QE2 Finale
04. Celt
05. Molly

The album will be re-released by Mercury Records on 23 July 2012. This comes as part of a deal in which Oldfield's Virgin albums were transferred to the label. It is being released on the same day as Platinum and a year after the last Universal reissue of Incantations. The first disc is the original recording remastered with bonus material, and the second disc (available in the deluxe edition) is a live concert recorded at the time of the album's original release.

Disc 1
01. "Taurus I"
02. "Sheba"
03. "Conflict"
04. "Arrival"
05. "Wonderful Land"
06. "Mirage"
07. "QE2"
08. "Celt"
09. "Molly"
10. "Polka"
11. "Wonderful Land" (Single Version)
12. "Shiva" 3:34 (2012 reworking of "Sheba")
Disc 2 - Live in Essen, European Adventure Tour, April 1981
01. "Taurus I"
02. "Sheba"
03. "Mirage"
04. "Conflict"
05. "Ommadawn"
06. "Punkadiddle"
07. "Tubular Bells Part I"
08. "QE2"
09. "Portsmouth"