Equinor Asa (EQNR) Operating Income (2009 - 2026)
Equinor Asa (EQNR) recorded Operating Income of $11.96 billion in Q3 2026, up 126.9% from $5.27 billion a year earlier but down 8.0% from the prior quarter.
Powered by 
Analysis
Equinor Asa (EQNR) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, Equinor Asa's Operating Income came in at $39.22 billion as of Sep 30, 2026, up 37.1% year-over-year; for FY2025, it was $25.35 billion, down 18.0% from FY2024.
- Annual Operating Income has declined for three straight years.
- Across earlier years, Operating Income came in at $30.93 billion in FY2024 (-13.5%), $35.77 billion in FY2023 (-54.6%), $78.81 billion in FY2022 (+134.1%) and $33.66 billion in FY2021.
- Quarterly Operating Income has ranged from $5.27 billion in Q3 2025 to $18.39 billion in Q1 2022 over the past five years.
- On a year-over-year basis, Operating Income rose in three of the last eight quarters, with growth averaging 22.9%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 252.3% in Q1 2022, against a decline of 37.2% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $12.99 billion (Q2 2026), $8.78 billion (Q1 2026) and $5.49 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 775.61 Bn | 732.09 Bn | - | - |
| 2 | Chevron | 463.09 Bn | 435.21 Bn | 33.45 Bn | -19.92 Bn |
| 3 | Shell | 320.18 Bn | 180.45 Bn | - | - |
| 4 | TotalEnergies SE | 208.95 Bn | 80.03 Bn | 31,614.00 | -5.11 Bn |
| 5 | Conocophillips | 186.07 Bn | 158.78 Bn | 12.81 Bn | 10.38 Bn |
| 6 | Equinor Asa | 126.25 Bn | 39.10 Bn | - | 11.96 Bn |
| 7 | Canadian Natural Resources | 117.07 Bn | 114.08 Bn | 8.84 Bn | 8.73 Bn |
| 8 | Phillips 66 | 110.73 Bn | 94.52 Bn | 10.69 Bn | 7.35 Bn |
| 9 | Suncor Energy | 96.25 Bn | 82.00 Bn | - | 652.00 Mn |
| 10 | Eni Spa | 91.80 Bn | 31.43 Bn | - | 2.14 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.96 Bn |
| Jun 30, 2026 | 12.99 Bn |
| Mar 31, 2026 | 8.78 Bn |
| Dec 31, 2025 | 5.49 Bn |
| Sep 30, 2025 | 5.27 Bn |
| Jun 30, 2025 | 5.72 Bn |
| Mar 31, 2025 | 8.87 Bn |
| Dec 31, 2024 | 8.74 Bn |
| Sep 30, 2024 | 6.91 Bn |
| Jun 30, 2024 | 7.66 Bn |
| Mar 31, 2024 | 7.63 Bn |
| Dec 31, 2023 | 8.75 Bn |
| Jun 30, 2022 | 17.73 Bn |
| Mar 31, 2022 | 18.39 Bn |
| Jun 30, 2021 | 5.30 Bn |
| Mar 31, 2021 | 5.22 Bn |
| Dec 31, 2020 | -989.00 Mn |
| Jun 30, 2020 | -472.00 Mn |
| Mar 31, 2020 | 58.00 Mn |
| Dec 31, 2019 | 1.52 Bn |
API Access
Equinor Asa Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "EQNR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();