Equinor Asa (EQNR) Research & Development (2009 - 2025)
Equinor Asa (EQNR) reported Research & Development of $1.4 billion for Q4 2025, up 511.37% on a YoY basis from $230.8 million in Q4 2024, and up 659.92% quarter-over-quarter from -$252.0 million in Q3 2025.
Equinor Asa (EQNR) Research & Development (2009 - 2025) Analysis & Trends
Equinor Asa has reported Research & Development for 16 years, with the latest figure at $1.4 billion in Q4 2025.
- For the quarter ending Q4 2025, Research & Development rose 511.37% year-over-year to $1.4 billion; the trailing twelve-month figure through Dec 2025 stood at $849.0 million (up 168.69% YoY), and the FY2025 full-year result was $849.0 million, down 28.35% from the prior year.
- Research & Development for Q4 2025 stood at $1.4 billion, up from -$252.0 million in the prior quarter.
- The five-year high for Research & Development was $1.4 billion in Q4 2025, with the low at -$343.0 million in Q4 2024.
- Historically, Research & Development has averaged -$105.7 million across 4 years, with a median of -$252.0 million in 2025.
- Annual changes were most pronounced in 2022 — Research & Development declined 1.53% — and 2025, when it surged 511.37%.
- Equinor Asa's Research & Development stood at -$326.0 million in 2021, then declined by 1.53% to -$331.0 million in 2022, then dropped by 3.63% to -$343.0 million in 2024, then surged by 511.37% to $1.4 billion in 2025.
- The last three Research & Development figures came in at $1.4 billion (Q4 2025), -$252.0 million (Q3 2025), and -$183.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | -250.00 Mn |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | 126.00 Mn |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | -133.00 |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 205.00 Mn |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 8.75 Mn |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | - |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 44.00 Mn |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 1.27 Bn |
| 10 | Equinor Asa | 1.07 Mn | -7.09 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.41 Bn |
| Sep 30, 2025 | -252.00 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 |
| Mar 31, 2024 | -266.00 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 |
| Jun 30, 2019 | -235.00 Mn |
| Mar 31, 2019 | -268.00 Mn |
| Dec 31, 2018 | -442.00 Mn |
| Sep 30, 2018 | -239.00 Mn |