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

Equinor Asa (EQNR) posted Operating Expenses of -$19.1 billion for Q1 2026, up 4.03% quarter-over-quarter from -$19.9 billion in Q4 2025, and up 9.44% year-on-year from -$17.4 billion in Q1 2025.

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

Equinor Asa (EQNR) has reported Operating Expenses for 18 consecutive years, with -$19.1 billion the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$19.1 billion, up 9.44% year-over-year; the trailing twelve-month figure through Mar 2026 was -$62.4 billion (down 3.45% YoY), and the FY2025 annual result was $81.1 billion, up 11.34% from the prior year.
  • Operating Expenses was -$19.1 billion for Q1 2026 at Equinor Asa, up from -$19.9 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at -$2.0 billion in Q1 2022 and troughed at -$21.0 billion in Q1 2025.
  • Average Operating Expenses over 5 years is -$13.7 billion, with a median of -$18.4 billion recorded in 2024.
  • The widest YoY moves for Operating Expenses: up 84.61% in 2025, down 725.22% in 2025.
  • Over 5 years, Operating Expenses stood at -$2.2 billion in 2022, then slumped by 823.0% to -$20.3 billion in 2023, then rose by 6.83% to -$18.9 billion in 2024, then declined by 4.97% to -$19.9 billion in 2025, then climbed by 4.03% to -$19.1 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$19.1 billion in Q1 2026, -$19.9 billion in Q4 2025, and -$20.8 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Exxon Mobil 6,326.01 Bn 6,324.19 Bn - 78.17 Bn
2 Petrobras - Petroleo Brasileiro 3,284.86 Bn 3,284.86 Bn 11.34 Bn -3.49 Bn
3 Bp 558.99 Bn 524.30 Bn 51.83 Bn 44.00 Mn
4 TotalEnergies SE 523.98 Bn 523.98 Bn 26,816.00 -5,222.00
5 Chevron 328.11 Bn 333.77 Bn 20.34 Bn 7.68 Bn
6 Equinor Asa 77.88 Bn 70.78 Bn - -19.06 Bn
7 National Fuel Gas 7.37 Bn 7.34 Bn 650.52 Mn 511.24 Mn
8 Diversified Energy 1.02 Bn 860.11 Mn -3.35 Mn 277.71 Mn
9 Stabilis Solutions 74.76 Mn 64.12 Mn 367,000.00 14.66 Mn
10 Sky Quarry 10.63 Mn 9.79 Mn -389,218.00 1.22 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -19.06 Bn
Dec 31, 2025 -19.86 Bn
Sep 30, 2025 -25.24 Bn
Jun 30, 2025 -2.75 Bn
Mar 31, 2025 -21.05 Bn
Dec 31, 2024 -25.59 Bn
Sep 30, 2024 -2.52 Bn
Jun 30, 2024 -24.69 Bn
Mar 31, 2024 -17.50 Bn
Dec 31, 2023 -27.93 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
Jun 30, 2019 -2.28 Bn