Equinor Asa (EQNR) Invested Capital (2010 - 2026)
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.
Analysis
Equinor Asa (EQNR) Invested Capital (2010 - 2026) 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 73.08 Bn |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 36.67 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 13.18 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 2.78 Bn |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 2.83 Bn |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 474.24 Mn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 13.74 Mn |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | - |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | 215.86 Mn |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.83 Bn |
| Mar 31, 2026 | 3.06 Bn |
| Dec 31, 2025 | 43.33 Bn |
| Sep 30, 2025 | 3.38 Bn |
| Jun 30, 2025 | 2.94 Bn |
| Mar 31, 2025 | 2.55 Bn |
| Dec 31, 2024 | 44.78 Bn |
| Dec 31, 2023 | 46.16 Bn |
| Dec 31, 2022 | 51.14 Bn |
| Jun 30, 2022 | 15.81 Bn |
| Dec 31, 2021 | 52.95 Bn |
| Jun 30, 2021 | 18.89 Bn |
| Mar 31, 2021 | 17.82 Bn |
| Dec 31, 2020 | 22.57 Bn |
| Jun 30, 2020 | 18.10 Bn |
| Mar 31, 2020 | 14.76 Bn |
| Dec 31, 2019 | 19.75 Bn |
| Sep 30, 2019 | 18.27 Bn |
| Jun 30, 2019 | 17.90 Bn |
| Mar 31, 2019 | 17.13 Bn |