Equinor Asa (EQNR) Capital Expenditures (2009 - 2026)
Equinor Asa's (EQNR) quarterly Capital Expenditures came in at $2.9 billion in Q2 2026, down 15.55% on a YoY basis from $3.4 billion in Q2 2025, and down 7.83% quarter-over-quarter from $3.1 billion in Q1 2026.
Analysis
Equinor Asa (EQNR) Capital Expenditures (2009 - 2026) Analysis & Trends
Equinor Asa (EQNR) has reported Capital Expenditures for 18 consecutive years, with $2.9 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Capital Expenditures fell 15.55% year-over-year to $2.9 billion; the trailing twelve-month figure through Jun 2026 stood at $13.6 billion (up 2.9% YoY), and the FY2025 full-year result was -$14.0 billion, down 14.92% from the prior year.
- Capital Expenditures declined to $2.9 billion in Q2 2026 per EQNR's latest filing, from $3.1 billion in the prior quarter.
- Across five years, Capital Expenditures topped out at $4.1 billion in Q4 2025 and bottomed at -$2.2 billion in Q1 2022.
- Historically, Capital Expenditures has averaged $2.4 billion across 5 years, with a median of $3.0 billion in 2023.
- The sharpest annual moves came in 2025 and 2026: Capital Expenditures increased 21.91% in 2025, then declined 15.55% in 2026.
- Over 5 years, Capital Expenditures stood at -$1.7 billion in 2022, then surged by 276.94% to $3.0 billion in 2023, then advanced by 20.29% to $3.6 billion in 2024, then grew by 13.71% to $4.1 billion in 2025, then plunged by 30.73% to $2.9 billion in 2026.
- According to Business Quant data, Capital Expenditures over the past three periods registered $2.9 billion, $3.1 billion, and $4.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | 4.54 Bn |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | -4.24 Bn |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | -4.23 Bn |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | -2.37 Bn |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | 2.87 Bn |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | 726.00 Mn |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | 1.35 Bn |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | 383.15 Mn |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 1.59 Bn |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2019 | -2.64 Bn |