Equinor Asa (EQNR) Cost of Revenue (2009 - 2025)
Equinor Asa's (EQNR) quarterly Cost of Revenue came in at $13.1 billion in Q4 2025, up 1.52% YoY from $12.9 billion in Q4 2024, and down 6.13% on a QoQ basis from $13.9 billion in Q3 2025.
Equinor Asa (EQNR) Cost of Revenue (2009 - 2025) Analysis & Trends
Equinor Asa (EQNR) has 16 years of Cost of Revenue data on file, last reported at $13.1 billion in Q4 2025.
- Quarterly Cost of Revenue rose 1.52% year-over-year to $13.1 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $52.6 billion (down 1.4% YoY) and the FY2025 annual result came in at $55.2 billion, up 10.24% from the prior year.
- Cost of Revenue eased to $13.1 billion in Q4 2025, from $13.9 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $13.9 billion in Q3 2025 to a low of $7.2 billion in Q1 2021.
- A 4-year average of $12.0 billion and a median of $13.1 billion in 2025 frame the typical range for Cost of Revenue.
- The widest YoY moves for Cost of Revenue: up 169.05% in 2021, down 3.11% in 2021.
- Tracing EQNR's Cost of Revenue over 4 years: stood at $7.4 billion in 2021, then soared by 87.2% to $13.9 billion in 2022, then dropped by 7.09% to $12.9 billion in 2024, then gained by 1.52% to $13.1 billion in 2025.
- The last three Cost of Revenue figures came in at $13.1 billion (Q4 2025), $13.9 billion (Q3 2025), and $12.7 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 12.20 Bn |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | - |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | 28.27 Bn |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | - |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 64.53 Bn |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | - |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 4.56 Bn |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | - |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 38.31 Bn |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 489.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 13.06 Bn |
| Dec 31, 2025 | 13.06 Bn |
| Sep 30, 2025 | 13.92 Bn |
| Sep 30, 2025 | 13.92 Bn |
| Jun 30, 2025 | 12.74 Bn |
| Jun 30, 2025 | 12.74 Bn |
| Dec 31, 2024 | 12.87 Bn |
| Dec 31, 2024 | 12.87 Bn |
| Sep 30, 2024 | 13.10 Bn |
| Sep 30, 2024 | 13.10 Bn |
| Jun 30, 2022 | 13.85 Bn |
| Jun 30, 2022 | 13.85 Bn |
| Mar 31, 2022 | 13.51 Bn |
| Mar 31, 2022 | 13.51 Bn |
| Jun 30, 2021 | 7.40 Bn |
| Jun 30, 2021 | 7.40 Bn |
| Mar 31, 2021 | 7.17 Bn |
| Mar 31, 2021 | 7.17 Bn |
| Dec 31, 2020 | 5.53 Bn |
| Dec 31, 2020 | 5.53 Bn |