Equinor Asa EQNR
NYSE EQNR
$44.07 -0.26 (-0.59%)
As of: Sep 18, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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