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| Date | Value |
|---|---|
| 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 |