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% YoY from -$25.9 billion in Q2 2025, and down 16.4% on a QoQ basis from -$19.1 billion in Q1 2026.

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

Equinor Asa (EQNR) has 18 years of Operating Expenses data on file, last reported at -$22.2 billion in Q2 2026.

  • Quarterly Operating Expenses fell 14.21% year-over-year to -$22.2 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$81.9 billion (down 5.07% YoY) and the FY2025 annual result came in at $81.1 billion, up 11.34% from the prior year.
  • Operating Expenses declined to -$22.2 billion in Q2 2026, from -$19.1 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$2.0 billion in Q1 2022 to a low of -$22.2 billion in Q2 2026.
  • A 5-year average of -$16.9 billion and a median of -$19.1 billion in 2026 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2025 — Operating Expenses retreated 20.24% — and 2026, when it climbed 9.44%.
  • Tracing EQNR's Operating Expenses over 5 years: stood at -$2.2 billion in 2022, then tumbled by 823.0% to -$20.3 billion in 2023, then climbed by 6.83% to -$18.9 billion in 2024, then decreased by 4.97% to -$19.9 billion in 2025, then fell by 11.71% to -$22.2 billion in 2026.
  • The last three Operating Expenses figures came in at -$22.2 billion (Q2 2026), -$19.1 billion (Q1 2026), and -$19.9 billion (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Petrobras - Petroleo Brasileiro 1,308.33 Bn -5,263.99 Bn 11.34 Bn -3.48 Bn
2 ExxonMobil Holdings 651.52 Bn 649.70 Bn - 78.17 Bn
3 Chevron 382.50 Bn 382.83 Bn 20.34 Bn 44.66 Bn
4 Eni Spa 205.81 Bn 195.97 Bn - -
5 Shell 102.19 Bn 62.32 Bn 30.13 Bn 3.02 Bn
6 Equinor Asa 98.30 Bn 89.04 Bn - -22.18 Bn
7 Suncor Energy 78.77 Bn 76.39 Bn 6.68 Bn 1.27 Bn
8 Imperial Oil 61.22 Bn 60.47 Bn - 8.18 Bn
9 TotalEnergies SE 25.61 Bn -6.11 Bn 18.79 Bn 95.00 Mn
10 Ypf Sociedad Anonima 20.09 Bn 18.40 Bn 1.76 Bn -311.00 Mn

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 -18.54 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