Equinor Asa (EQNR) Invested Capital (2009 - 2026)
Equinor Asa's Invested Capital came in at $45.38 billion for the quarter ended Dec 31, 2025, down 34.2% from $68.96 billion a year earlier and down 33.5% from the prior quarter.
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Analysis
Equinor Asa (EQNR) Invested Capital (2009 - 2026) Analysis & Trends
Going back to the quarter ended Mar 31, 2009, Equinor Asa's Invested Capital data covers 53 quarters.
- Invested Capital has declined in each of the last three years, with a five-year compound annual growth rate of -7.7% (years ended Dec 2020 to Dec 2025).
- Going back by year, Invested Capital was $68.96 billion in the year ended Dec 31, 2024 (-10.1%), $76.73 billion in the year ended Dec 31, 2023 (-7.0%), $82.49 billion in the year ended Dec 31, 2022 (+15.0%) and $71.7 billion in the year ended Dec 31, 2021 (+6.1%).
- The figure for the quarter ended Dec 31, 2025 represents the lowest quarterly Invested Capital since the quarter ended Sep 30, 2018.
- The fastest year-over-year change in Invested Capital over five years came in the quarter ended Jun 30, 2021 (growth of 90.4%), and the weakest in the quarter ended Jun 30, 2022 (a decline of 45.6%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 308.48 Bn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 246.39 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 195.96 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 193.66 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 102.84 Bn |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 88.64 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 53.27 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 67.49 Bn |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 21.12 Bn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 58.02 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 67.49 Bn |
| Mar 31, 2026 | 68.79 Bn |
| Dec 31, 2025 | 67.49 Bn |
| Sep 30, 2025 | 66.81 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 | 93.76 Bn |
| Jun 30, 2022 | 81.08 Bn |
| Dec 31, 2021 | 86.31 Bn |
| Jun 30, 2021 | 84.04 Bn |
| Mar 31, 2021 | 81.57 Bn |
| Dec 31, 2020 | 85.58 Bn |
| Jun 30, 2020 | 82.32 Bn |
| Mar 31, 2020 | 71.18 Bn |
| Dec 31, 2019 | 82.64 Bn |
| Sep 30, 2019 | 83.65 Bn |
| Jun 30, 2019 | 89.18 Bn |
| Mar 31, 2019 | 88.63 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();