Equinor Asa EQNR
NYSE EQNR
$44.07 -0.26 (-0.59%)
As of: Sep 18, 2026 · 3:59 PM EDT

Equinor Asa (EQNR) Operating Expenses (2009 - 2026)

Equinor Asa's (EQNR) quarterly Operating Expenses came in at -$22.2 billion in Q2 2026, down 14.21% on a YoY basis from -$25.9 billion in Q2 2025, and down 16.4% quarter-over-quarter from -$19.1 billion in Q1 2026.

Analysis

Equinor Asa (EQNR) Operating Expenses (2009 - 2026) Analysis & Trends

Equinor Asa (EQNR) has reported Operating Expenses for 18 consecutive years, with -$22.2 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses fell 14.21% year-over-year to -$22.2 billion; the trailing twelve-month figure through Jun 2026 stood at -$81.9 billion (down 32.26% YoY), and the FY2025 full-year result was -$11.6 billion, down 9.88% from the prior year.
  • Operating Expenses slipped to -$22.2 billion in Q2 2026 per EQNR's latest filing, from -$19.1 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at -$2.0 billion in Q1 2022 and bottomed at -$22.2 billion in Q2 2026.
  • Historically, Operating Expenses has averaged -$15.7 billion across 5 years, with a median of -$19.1 billion in 2026.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses slumped 725.22% in 2025, then grew 9.44% in 2026.
  • Over 5 years, Operating Expenses stood at -$2.2 billion in 2022, then sank by 823.0% to -$20.3 billion in 2023, then increased by 6.83% to -$18.9 billion in 2024, then dropped by 4.97% to -$19.9 billion in 2025, then decreased by 11.71% to -$22.2 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered -$22.2 billion, -$19.1 billion, and -$19.9 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Chevron 417.01 Bn 408.48 Bn 33.45 Bn 53.37 Bn
2 Shell 282.76 Bn 241.90 Bn 30.13 Bn 3.02 Bn
3 TotalEnergies SE 232.43 Bn 200.71 Bn 23.46 Bn 46.44 Bn
4 Eni Spa 167.27 Bn 151.69 Bn - 22.08 Mn
5 Equinor Asa 114.69 Bn 105.36 Bn - -22.18 Bn
6 Phillips 66 106.05 Bn 101.95 Bn 8.38 Bn 47.07 Bn
7 Suncor Energy 83.98 Bn 78.60 Bn 17.50 Bn 17.00 Mn
8 Imperial Oil 63.06 Bn 61.00 Bn - 9.54 Bn
9 Occidental Petroleum 59.24 Bn 55.09 Bn 7.73 Bn 4.55 Bn
10 Cenovus Energy 58.88 Bn 56.91 Bn 7.32 Bn 978.82 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -22.18 Bn
Mar 31, 2026 -19.06 Bn
Dec 31, 2025 -19.86 Bn
Sep 30, 2025 -20.78 Bn
Jun 30, 2025 -19.42 Bn
Mar 31, 2025 -21.05 Bn
Dec 31, 2024 -18.92 Bn
Sep 30, 2024 -2.52 Bn
Jun 30, 2024 -17.88 Bn
Mar 31, 2024 -17.50 Bn
Dec 31, 2023 -20.31 Bn
Jun 30, 2022 -2.20 Bn
Mar 31, 2022 -1.99 Bn
Jun 30, 2021 -2.13 Bn
Mar 31, 2021 -1.94 Bn
Dec 31, 2020 -2.01 Bn
Jun 30, 2020 -2.23 Bn
Mar 31, 2020 -2.41 Bn
Dec 31, 2019 -2.24 Bn
Sep 30, 2019 -2.73 Bn