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
DateValue
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