Equinor Asa EQNR
NYSE EQNR
$41.39 -0.17 (-0.41%)
At close: Aug 28, 2026 · 4:00 PM EDT

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.

Analysis

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 Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Shell 517.27 Bn 477.40 Bn - -
2 Chevron 398.83 Bn 395.97 Bn 33.45 Bn 36.61 Bn
3 TotalEnergies SE 190.54 Bn 161.37 Bn 23.46 Bn 38.31 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 1.09 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 601.00 Mn
Historic Data

Historic Data

Download Data
DateValue
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