Equinor Asa EQNR
NYSE EQNR
$41.39 -0.17 (-0.41%)
At close: Aug 28, 2026 · 4:00 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% 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

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