Equinor Asa (EQNR) Beginning Cash Balance (2010 - 2025)
Equinor Asa's (EQNR) quarterly Beginning Cash Balance came in at $8.1 billion in Q4 2025, little changed on a YoY basis from $8.1 billion in Q4 2024, and down 14.09% quarter-over-quarter from $9.4 billion in Q3 2025.
Analysis
Equinor Asa (EQNR) Beginning Cash Balance (2010 - 2025) Analysis & Trends
Equinor Asa (EQNR) has reported Beginning Cash Balance for 16 consecutive years, with $8.1 billion the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Beginning Cash Balance changed 0.46% year-over-year to $8.1 billion; the trailing twelve-month figure through Dec 2025 stood at $8.1 billion (changed 0.46% YoY), and the FY2025 full-year result was $8.1 billion, changed 0.46% from the prior year.
- Beginning Cash Balance fell to $8.1 billion in Q4 2025 per EQNR's latest filing, from $9.4 billion in the prior quarter.
- Across five years, Beginning Cash Balance topped out at $20.9 billion in Q2 2022 and bottomed at $5.9 billion in Q1 2025.
- Historically, Beginning Cash Balance has averaged $10.0 billion across 5 years, with a median of $8.2 billion in 2024.
- The sharpest annual moves came in 2022 and 2024: Beginning Cash Balance jumped 135.77% in 2022, then slumped 48.2% in 2024.
- Over 5 years, Beginning Cash Balance stood at $6.8 billion in 2021, then jumped by 107.0% to $14.0 billion in 2022, then gained by 11.38% to $15.6 billion in 2023, then tumbled by 48.2% to $8.1 billion in 2024, then grew by 0.46% to $8.1 billion in 2025.
- According to Business Quant data, Beginning Cash Balance over the past three periods registered $8.1 billion, $9.4 billion, and $7.4 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Chevron | 413.73 Bn | 410.87 Bn | 33.45 Bn |
| 2 | Shell | 269.64 Bn | 229.78 Bn | 30.13 Bn |
| 3 | TotalEnergies SE | 200.34 Bn | 171.16 Bn | 23.46 Bn |
| 4 | Eni Spa | 171.91 Bn | 162.06 Bn | - |
| 5 | Equinor Asa | 110.26 Bn | 101.00 Bn | - |
| 6 | Phillips 66 | 108.93 Bn | 106.03 Bn | 8.38 Bn |
| 7 | Suncor Energy | 82.82 Bn | 77.45 Bn | 17.50 Bn |
| 8 | Imperial Oil | 62.85 Bn | 60.80 Bn | - |
| 9 | Cenovus Energy | 61.44 Bn | 59.48 Bn | 7.32 Bn |
| 10 | Occidental Petroleum | 58.81 Bn | 55.30 Bn | 7.73 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 8.11 Bn |
| Sep 30, 2025 | 9.44 Bn |
| Jun 30, 2025 | 7.37 Bn |
| Mar 31, 2025 | 5.90 Bn |
| Dec 31, 2024 | 8.07 Bn |
| Sep 30, 2024 | 8.64 Bn |
| Jun 30, 2024 | 8.23 Bn |
| Mar 31, 2024 | 8.07 Bn |
| Dec 31, 2023 | 15.58 Bn |
| Dec 31, 2022 | 13.99 Bn |
| Jun 30, 2022 | 20.88 Bn |
| Mar 31, 2022 | 13.99 Bn |
| Dec 31, 2021 | 6.76 Bn |
| Jun 30, 2021 | 8.86 Bn |
| Mar 31, 2021 | 6.76 Bn |
| Dec 31, 2020 | 5.18 Bn |
| Jun 30, 2020 | 6.87 Bn |
| Mar 31, 2020 | 5.18 Bn |
| Dec 31, 2019 | 7.56 Bn |
| Sep 30, 2019 | 5.38 Bn |