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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 3.02 Bn |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 53.37 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 46.44 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | - |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | -22.18 Bn |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 1.26 Bn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 9.54 Bn |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 1.01 Bn |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | 156.14 Bn |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | 447.00 Mn |
Historic Data
Download Data
Historic 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 |