Equinor Asa (EQNR) Cost of Revenue (2009 - 2025)
Equinor Asa (EQNR) recorded Cost of Revenue of $13.06 billion in the quarter ended Dec 31, 2025, up 1.5% from $12.87 billion a year earlier but down 6.1% from the prior quarter.
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Analysis
Equinor Asa (EQNR) Cost of Revenue (2009 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Equinor Asa reported Cost of Revenue of $55.16 billion, up 10.2% from the prior year.
- Annual Cost of Revenue has a five-year compound annual growth rate of 21.3% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Cost of Revenue came in at $50.04 billion in the year ended Dec 31, 2024 (+3.9%), $48.18 billion in the year ended Dec 31, 2023 (-10.5%), $53.81 billion in the year ended Dec 31, 2022 (+53.0%) and $35.16 billion in the year ended Dec 31, 2021 (+67.5%).
- Quarterly Cost of Revenue has ranged from $7.17 billion in the quarter ended Mar 31, 2021 to $15.44 billion in the quarter ended Mar 31, 2025 over the past five years.
- Per Business Quant, the preceding three quarters came in at $13.92 billion (quarter ended Sep 30, 2025), $12.74 billion (quarter ended Jun 30, 2025) and $15.44 billion (quarter ended Mar 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | - |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 2.50 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 36.61 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 38,308.00 |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | - |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 6.71 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 43.66 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | - |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 1.81 Bn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 13.06 Bn |
| Sep 30, 2025 | 13.92 Bn |
| Jun 30, 2025 | 12.74 Bn |
| Mar 31, 2025 | 15.44 Bn |
| Dec 31, 2024 | 12.87 Bn |
| Sep 30, 2024 | 13.10 Bn |
| Mar 31, 2024 | 11.92 Bn |
| Jun 30, 2022 | 13.85 Bn |
| Mar 31, 2022 | 13.51 Bn |
| Jun 30, 2021 | 7.40 Bn |
| Mar 31, 2021 | 7.17 Bn |
| Dec 31, 2020 | 5.53 Bn |
| Jun 30, 2020 | 2.75 Bn |
| Mar 31, 2020 | 7.40 Bn |
| Dec 31, 2019 | 6.60 Bn |
| Sep 30, 2019 | 7.67 Bn |
| Jun 30, 2019 | 8.61 Bn |
| Mar 31, 2019 | 6.66 Bn |
| Dec 31, 2018 | 9.82 Bn |
| Sep 30, 2018 | 9.49 Bn |
API Access
Equinor Asa Cost of Revenue 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=cost-of-revenue&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();