Equinor Asa (EQNR) Capital Expenditures (2009 - 2026)
Equinor Asa (EQNR) recorded Capital Expenditures of -$2.87 billion in Q3 2026, compared with $3.42 billion a year earlier.
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Analysis
Equinor Asa (EQNR) Capital Expenditures (2009 - 2026) Analysis & Trends
On a TTM basis, Equinor Asa's Capital Expenditures came in at $1.52 billion as of Sep 30, 2026, down 88.8% year-over-year; for FY2025, it came in at $13.99 billion, up 14.9% from FY2024.
- Annual Capital Expenditures has increased for four straight years, with a five-year compound annual growth rate of 10.5% (FY2020 to FY2025).
- Across earlier years, Capital Expenditures came in at $12.18 billion in FY2024 (+15.1%), $10.58 billion in FY2023 (+20.7%), $8.76 billion in FY2022 (+8.9%) and $8.04 billion in FY2021 (-5.1%).
- Quarterly Capital Expenditures has ranged from -$2.87 billion in Q2 2026 to $4.15 billion in Q4 2025 over the past five years.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 21.9% in Q1 2025, against a decline of 1.9% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -$2.87 billion (Q2 2026), $3.12 billion (Q1 2026) and $4.15 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 779.83 Bn | 736.31 Bn | - | 6.53 Bn |
| 2 | Chevron | 463.69 Bn | 435.81 Bn | 33.45 Bn | 4.54 Bn |
| 3 | Shell | 319.66 Bn | 179.93 Bn | - | - |
| 4 | TotalEnergies SE | 208.05 Bn | 79.13 Bn | 31,614.00 | -4.45 Bn |
| 5 | Conocophillips | 186.47 Bn | 159.17 Bn | 12.81 Bn | 3.02 Bn |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | -2.87 Bn |
| 7 | Canadian Natural Resources | 117.10 Bn | 114.11 Bn | 8.84 Bn | -1.72 Bn |
| 8 | Phillips 66 | 111.73 Bn | 95.51 Bn | 10.69 Bn | 680.00 Mn |
| 9 | Suncor Energy | 96.42 Bn | 82.16 Bn | - | -1.35 Bn |
| 10 | Eni Spa | 91.57 Bn | 31.21 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -2.87 Bn |
| Jun 30, 2026 | 2.87 Bn |
| Mar 31, 2026 | 3.12 Bn |
| Dec 31, 2025 | 4.15 Bn |
| Sep 30, 2025 | 3.42 Bn |
| Jun 30, 2025 | 3.40 Bn |
| Mar 31, 2025 | 3.03 Bn |
| Dec 31, 2024 | 3.65 Bn |
| Sep 30, 2024 | 3.10 Bn |
| Jun 30, 2024 | 2.95 Bn |
| Mar 31, 2024 | 2.48 Bn |
| Dec 31, 2023 | 3.03 Bn |
| Jun 30, 2022 | 1.71 Bn |
| Mar 31, 2022 | 2.18 Bn |
| Jun 30, 2021 | 1.75 Bn |
| Mar 31, 2021 | 2.15 Bn |
| Dec 31, 2020 | -2.50 Bn |
| Jun 30, 2020 | 1.90 Bn |
| Mar 31, 2020 | 2.35 Bn |
| Dec 31, 2019 | -2.70 Bn |
API Access
Equinor Asa Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "EQNR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();