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, up 31.1% YoY from $6.2 billion in Q4 2024, and down 14.09% on a QoQ basis from $9.4 billion in Q3 2025.
Analysis
Equinor Asa (EQNR) Beginning Cash Balance (2010 - 2025) Analysis & Trends
Equinor Asa (EQNR) has 15 years of Beginning Cash Balance data on file, last reported at $8.1 billion in Q4 2025.
- Quarterly Beginning Cash Balance rose 31.1% year-over-year to $8.1 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $30.8 billion (down 28.94% YoY) and the FY2025 annual result came in at $5.9 billion, down 26.85% from the prior year.
- Beginning Cash Balance slipped to $8.1 billion in Q4 2025, from $9.4 billion in the prior quarter.
- In the past five years, Beginning Cash Balance ranged from a high of $20.9 billion in Q2 2022 to a low of $5.9 billion in Q1 2025.
- A 4-year average of $9.4 billion and a median of $8.1 billion in 2025 frame the typical range for Beginning Cash Balance.
- Annual changes were most pronounced in 2022 — Beginning Cash Balance soared 135.77% — and 2025, when it dropped 26.85%.
- Tracing EQNR's Beginning Cash Balance over 4 years: stood at $8.9 billion in 2021, then soared by 135.77% to $20.9 billion in 2022, then plunged by 70.39% to $6.2 billion in 2024, then jumped by 31.1% to $8.1 billion in 2025.
- The last three Beginning Cash Balance figures came in at $8.1 billion (Q4 2025), $9.4 billion (Q3 2025), and $7.4 billion (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 8.11 Bn |
| Dec 31, 2025 | 8.11 Bn |
| Sep 30, 2025 | 9.44 Bn |
| Sep 30, 2025 | 9.44 Bn |
| Jun 30, 2025 | 7.37 Bn |
| Jun 30, 2025 | 7.37 Bn |
| Mar 31, 2025 | 5.90 Bn |
| Mar 31, 2025 | 5.90 Bn |
| Dec 31, 2024 | 6.18 Bn |
| Dec 31, 2024 | 6.18 Bn |
| Sep 30, 2024 | 8.64 Bn |
| Sep 30, 2024 | 8.64 Bn |
| Jun 30, 2024 | 8.23 Bn |
| Jun 30, 2024 | 8.23 Bn |
| Mar 31, 2024 | 8.07 Bn |
| Mar 31, 2024 | 8.07 Bn |
| Dec 31, 2023 | 14.42 Bn |
| Dec 31, 2023 | 14.42 Bn |
| Jun 30, 2022 | 20.88 Bn |
| Jun 30, 2022 | 20.88 Bn |