Equinor Asa (EQNR) Invested Capital (2009 - 2025)
Equinor Asa's (EQNR) quarterly Invested Capital came in at $43.3 billion in Q4 2025, down 3.23% YoY from $44.8 billion in Q4 2024, and up 809.91% on a QoQ basis from $4.8 billion in Q3 2025.
Equinor Asa (EQNR) Invested Capital (2009 - 2025) Analysis & Trends
Equinor Asa (EQNR) has 17 years of Invested Capital data on file, last reported at $43.3 billion in Q4 2025.
- Quarterly Invested Capital fell 3.23% year-over-year to $43.3 billion in Q4 2025, while the trailing twelve-month figure through Jun 2026 was $48.1 billion (up 7.41% YoY) and the FY2025 annual result came in at $43.3 billion, down 3.23% from the prior year.
- Invested Capital rose to $43.3 billion in Q4 2025, from $4.8 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $51.1 billion in Q4 2022 to a low of $2.8 billion in Q1 2021.
- A 5-year average of $25.5 billion and a median of $27.4 billion in 2021 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2021 — Invested Capital slumped 50.36% — and 2022, when it surged 86.62%.
- Tracing EQNR's Invested Capital over 5 years: stood at $27.4 billion in 2021, then surged by 86.62% to $51.1 billion in 2022, then fell by 9.74% to $46.2 billion in 2023, then fell by 3.0% to $44.8 billion in 2024, then fell by 3.23% to $43.3 billion in 2025.
- The last three Invested Capital figures came in at $43.3 billion (Q4 2025), $4.8 billion (Q3 2025), and $44.8 billion (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 12.63 Bn |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 14.53 Bn |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | 39.60 Bn |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 3.13 Bn |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | - |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | - |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 713.89 Mn |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 13.85 Mn |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 13.18 Bn |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 43.33 Bn |
| Sep 30, 2025 | 4.76 Bn |
| Dec 31, 2024 | 44.78 Bn |
| Dec 31, 2023 | 46.16 Bn |
| Dec 31, 2022 | 51.14 Bn |
| Jun 30, 2022 | 5.78 Bn |
| Dec 31, 2021 | 27.40 Bn |
| Jun 30, 2021 | 3.46 Bn |
| Mar 31, 2021 | 2.78 Bn |
| Dec 31, 2020 | 29.12 Bn |
| Jun 30, 2020 | 4.32 Bn |
| Mar 31, 2020 | 5.61 Bn |
| Dec 31, 2019 | 21.75 Bn |
| Jun 30, 2019 | 4.23 Bn |
| Mar 31, 2019 | 3.40 Bn |
| Dec 31, 2018 | 25.73 Bn |
| Sep 30, 2018 | 1.82 Bn |
| Jun 30, 2018 | 2.61 Bn |
| Mar 31, 2018 | 3.22 Bn |
| Dec 31, 2017 | 28.56 Bn |