Equinor Asa (EQNR) Cost of Revenue (2009 - 2025)

Equinor Asa (EQNR) has reported Cost of Revenue for 17 consecutive years, with $22.8 billion the latest figure, recorded in Q4 2025.

• Cost of Revenue for Q4 2025 came in at $22.8 billion, down 5.72% year-over-year; the trailing twelve-month figure through Dec 2025 was $86.9 billion (changed 0.13% YoY), and the FY2025 annual result was $55.2 billion, up 10.24% from the prior year.
• Cost of Revenue was $22.8 billion for Q4 2025 at Equinor Asa, down from $24.0 billion in the prior quarter.
• Over five years, Cost of Revenue peaked at $27.4 billion in Q1 2025 and troughed at $7.2 billion in Q1 2021.
• Average Cost of Revenue over 5 years is $18.0 billion, with a median of $18.3 billion recorded in 2022.
• Year-over-year, Cost of Revenue surged 169.05% in 2021 and tumbled 45.1% in 2025.
• Over 5 years, Cost of Revenue stood at $7.4 billion in 2021, then soared by 87.2% to $13.9 billion in 2022, then surged by 90.09% to $26.3 billion in 2023, then dropped by 8.18% to $24.2 billion in 2024, then retreated by 5.72% to $22.8 billion in 2025.
• Per Business Quant data, the three most recent Cost of Revenue figures were $22.8 billion in Q4 2025, $24.0 billion in Q3 2025, and $12.7 billion in Q2 2025.