Equinor Asa (EQNR) Cost of Revenue (2009 - 2026)
Equinor Asa (EQNR) recorded Cost of Revenue of $30.58 billion in Q2 2026, up 140.0% from $12.74 billion a year earlier.
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Analysis
Equinor Asa (EQNR) Cost of Revenue (2009 - 2026) Analysis & Trends
On a TTM basis, Equinor Asa's Cost of Revenue came in at $70.3 billion as of Jun 30, 2026, up 29.8% year-over-year; for FY2025, it was $55.16 billion, up 10.2% from FY2024.
- Annual Cost of Revenue has a five-year compound annual growth rate of 21.3% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $50.04 billion in FY2024 (+3.9%), $48.18 billion in FY2023 (-10.5%), $53.81 billion in FY2022 (+53.0%) and $35.16 billion in FY2021 (+67.5%).
- The Q2 2026 figure is the highest quarterly Cost of Revenue since Q4 2009.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | - |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 36.53 Bn |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | - |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 35,205.00 |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | - |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 6.71 Bn |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | 28.70 Bn |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | 1.82 Bn |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 40.81 Bn |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.70 Bn |
| Jun 30, 2026 | 30.58 Bn |
| Mar 31, 2026 | 24.39 Bn |
| Dec 31, 2025 | 13.06 Bn |
| Sep 30, 2025 | 13.92 Bn |
| Jun 30, 2025 | 12.74 Bn |
| Mar 31, 2025 | 27.41 Bn |
| Dec 31, 2024 | 12.87 Bn |
| Sep 30, 2024 | 13.10 Bn |
| Jun 30, 2024 | 23.21 Bn |
| Mar 31, 2024 | 11.92 Bn |
| Dec 31, 2023 | 26.33 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 |
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();