Equinor Asa (EQNR) Invested Capital (2009 - 2026)
Equinor Asa's Invested Capital came in at $69.32 billion for Q3 2026, up 1.6% from $68.19 billion a year earlier and up 2.7% from the prior quarter.
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Analysis
Equinor Asa (EQNR) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Equinor Asa's Invested Capital was $68.23 billion, down 1.0% from FY2024.
- Invested Capital has declined in each of the last three years, though with a five-year compound annual growth rate of 0.2% (FY2020 to FY2025).
- Going back by year, Invested Capital was $68.93 billion in FY2024 (-10.2%), $76.72 billion in FY2023 (-7.0%), $82.49 billion in FY2022 (+15.1%) and $71.69 billion in FY2021 (+6.0%).
- The Q3 2026 figure represents the highest quarterly Invested Capital since Q4 2023.
- Year-over-year, Invested Capital increased in two of the last five quarters, with an average decline of 1.8%.
- The fastest year-over-year change in Invested Capital over five years came in Q4 2022 (growth of 15.1%), and the weakest in Q4 2024 (a decline of 10.2%).
- Business Quant data shows EQNR's Invested Capital at $67.49 billion (Q2 2026), $68.79 billion (Q1 2026) and $68.23 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 674.05 Bn | 638.92 Bn | - | 306.77 Bn |
| 2 | Chevron | 418.62 Bn | 391.31 Bn | 31.26 Bn | 233.51 Bn |
| 3 | Shell | 284.86 Bn | 146.21 Bn | - | 266.83 Bn |
| 4 | TotalEnergies SE | 195.90 Bn | 71.25 Bn | 31,614.00 | 199.96 Bn |
| 5 | Eni Spa | 175.27 Bn | 118.46 Bn | - | 104.25 Bn |
| 6 | Conocophillips | 162.77 Bn | 135.48 Bn | 12.81 Bn | 88.64 Bn |
| 7 | Equinor Asa | 106.21 Bn | 19.14 Bn | 4.49 Bn | 69.32 Bn |
| 8 | Canadian Natural Resources | 101.79 Bn | 95.69 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 96.33 Bn | 81.29 Bn | 10.69 Bn | 54.03 Bn |
| 10 | Suncor Energy | 82.41 Bn | 63.10 Bn | - | 59.43 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 69.32 Bn |
| Jun 30, 2026 | 67.49 Bn |
| Mar 31, 2026 | 68.79 Bn |
| Dec 31, 2025 | 68.23 Bn |
| Sep 30, 2025 | 68.19 Bn |
| Jun 30, 2025 | 67.22 Bn |
| Mar 31, 2025 | 68.86 Bn |
| Dec 31, 2024 | 68.93 Bn |
| Dec 31, 2023 | 76.72 Bn |
| Dec 31, 2022 | 82.49 Bn |
| Jun 30, 2022 | 71.06 Bn |
| Dec 31, 2021 | 71.69 Bn |
| Jun 30, 2021 | 68.62 Bn |
| Mar 31, 2021 | 66.56 Bn |
| Dec 31, 2020 | 67.60 Bn |
| Jun 30, 2020 | 68.57 Bn |
| Mar 31, 2020 | 64.87 Bn |
| Dec 31, 2019 | 65.85 Bn |
| Sep 30, 2019 | 83.65 Bn |
| Jun 30, 2019 | 75.52 Bn |
API Access
Equinor Asa Invested Capital 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=invested-capital&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();