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% on a YoY basis from -$195.4 million in Q2 2025, and down 24.34% quarter-over-quarter from -$152.0 million in Q1 2026.
Analysis
Equinor Asa (EQNR) Research & Development (2009 - 2026) Analysis & Trends
Equinor Asa (EQNR) has reported Research & Development for 18 consecutive years, with -$189.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development fell 3.28% year-over-year to -$189.0 million; the trailing twelve-month figure through Jun 2026 stood at -$844.0 million (up 11.06% YoY), and the FY2025 full-year result was -$849.0 million, up 28.35% from the prior year.
- Research & Development declined to -$189.0 million in Q2 2026 per EQNR's latest filing, from -$152.0 million in the prior quarter.
- Across five years, Research & Development topped out at -$127.0 million in Q1 2025 and bottomed at -$377.0 million in Q4 2023.
- Historically, Research & Development has averaged -$249.9 million across 5 years, with a median of -$266.0 million in 2024.
- The sharpest annual moves came in 2025 and 2026: Research & Development surged 52.26% in 2025, then dropped 19.69% in 2026.
- Over 5 years, Research & Development stood at -$331.0 million in 2022, then dropped by 13.9% to -$377.0 million in 2023, then advanced by 9.02% to -$343.0 million in 2024, then grew by 16.33% to -$287.0 million in 2025, then surged by 34.15% to -$189.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$189.0 million, -$152.0 million, and -$287.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | 256.00 Mn |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | 110.00 Mn |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | -95.00 Mn |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | - |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | -189.00 Mn |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | - |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | 17.00 Mn |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | 722,925.27 |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 37.00 Mn |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | 22.95 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 | -1.57 Bn |
| Jun 30, 2020 | -393.00 Mn |
| Mar 31, 2020 | -635.00 Mn |
| Dec 31, 2019 | -480.00 Mn |
| Sep 30, 2019 | -871.00 Mn |