Equinor Asa (EQNR) Research & Development (2009 - 2026)
Equinor Asa's Research & Development came in at $311 million for Q3 2026, up 23.4% from $252 million a year earlier and up 64.6% from the prior quarter.
Powered by 
Analysis
Equinor Asa (EQNR) Research & Development (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Equinor Asa reported Research & Development of $939 million, up 3.6% year-over-year; for FY2025, it was $849 million, down 28.4% from FY2024.
- Research & Development carries a five-year compound annual growth rate of -24.6% (FY2020 to FY2025).
- Going back by year, Research & Development was $1.19 billion in FY2024 (+49.1%), $795 million in FY2023 (-34.0%), $1.21 billion in FY2022 (+20.0%) and $1 billion in FY2021 (-71.2%).
- The Q3 2026 figure represents the highest quarterly Research & Development since Q4 2024.
- Year-over-year, Research & Development has increased for three consecutive quarters, with an average decline of 10.1% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q3 2026 (growth of 23.4%), and the weakest in Q1 2025 (a decline of 52.3%).
- Business Quant data shows EQNR's Research & Development at $189 million (Q2 2026), $152 million (Q1 2026) and $287 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 775.61 Bn | 732.09 Bn | - | 155.00 Mn |
| 2 | Chevron | 463.09 Bn | 435.21 Bn | 33.45 Bn | 256.00 Mn |
| 3 | Shell | 320.18 Bn | 180.45 Bn | - | - |
| 4 | TotalEnergies SE | 208.95 Bn | 80.03 Bn | 31,614.00 | 134.00 |
| 5 | Conocophillips | 186.07 Bn | 158.78 Bn | 12.81 Bn | 75.00 Mn |
| 6 | Equinor Asa | 126.25 Bn | 39.10 Bn | - | 311.00 Mn |
| 7 | Canadian Natural Resources | 117.07 Bn | 114.08 Bn | 8.84 Bn | - |
| 8 | Phillips 66 | 110.73 Bn | 94.52 Bn | 10.69 Bn | - |
| 9 | Suncor Energy | 96.25 Bn | 82.00 Bn | - | - |
| 10 | Eni Spa | 91.80 Bn | 31.43 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 311.00 Mn |
| Jun 30, 2026 | 189.00 Mn |
| Mar 31, 2026 | 152.00 Mn |
| Dec 31, 2025 | 287.00 Mn |
| Sep 30, 2025 | 252.00 Mn |
| Jun 30, 2025 | 183.00 Mn |
| Mar 31, 2025 | 127.00 Mn |
| Dec 31, 2024 | 344.00 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 |
| Jun 30, 2020 | 393.00 Mn |
| Mar 31, 2020 | 635.00 Mn |
| Dec 31, 2019 | 480.00 Mn |
| Sep 30, 2019 | 871.00 Mn |
API Access
Equinor Asa Research & Development 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=research-and-development&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();