Equinor Asa (EQNR) Research & Development (2009 - 2026)
Equinor Asa's (EQNR) quarterly Research & Development came in at -$189.0 million in Q2 2026, down 3.28% YoY from -$195.4 million in Q2 2025, and down 24.34% on a QoQ basis from -$152.0 million in Q1 2026.
Analysis
Equinor Asa (EQNR) Research & Development (2009 - 2026) Analysis & Trends
Equinor Asa (EQNR) has 18 years of Research & Development data on file, last reported at -$189.0 million in Q2 2026.
- Quarterly Research & Development fell 3.28% year-over-year to -$189.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$844.0 million (up 11.06% YoY) and the FY2025 annual result came in at $849.0 million, down 28.35% from the prior year.
- Research & Development retreated to -$189.0 million in Q2 2026, from -$152.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of -$127.0 million in Q1 2025 to a low of -$377.0 million in Q4 2023.
- A 5-year average of -$249.9 million and a median of -$266.0 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2025 — Research & Development jumped 52.26% — and 2026, when it slipped 19.69%.
- Tracing EQNR's Research & Development over 5 years: stood at -$331.0 million in 2022, then decreased by 13.9% to -$377.0 million in 2023, then rose by 9.02% to -$343.0 million in 2024, then advanced by 16.33% to -$287.0 million in 2025, then soared by 34.15% to -$189.0 million in 2026.
- The last three Research & Development figures came in at -$189.0 million (Q2 2026), -$152.0 million (Q1 2026), and -$287.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 110.00 Mn |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 256.00 Mn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | -95.00 Mn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | - |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | -189.00 Mn |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 1.26 Bn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 722,925.27 |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 2.89 Mn |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | -17.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -189.00 Mn |
| Mar 31, 2026 | -152.00 Mn |
| Dec 31, 2025 | -287.00 Mn |
| Sep 30, 2025 | -216.00 Mn |
| Jun 30, 2025 | -183.00 Mn |
| Mar 31, 2025 | -127.00 Mn |
| Dec 31, 2024 | -343.00 Mn |
| Sep 30, 2024 | -296.00 Mn |
| Jun 30, 2024 | -279.00 Mn |
| Mar 31, 2024 | -266.00 Mn |
| Dec 31, 2023 | -377.00 Mn |
| Jun 30, 2022 | -331.00 Mn |
| Mar 31, 2022 | -203.00 Mn |
| Jun 30, 2021 | -326.00 Mn |
| Mar 31, 2021 | -247.00 Mn |
| Dec 31, 2020 | 166.00 Mn |
| Jun 30, 2020 | -393.00 Mn |
| Mar 31, 2020 | -635.00 Mn |
| Dec 31, 2019 | -480.00 Mn |
| Sep 30, 2019 | -871.00 Mn |