Equinor Asa (EQNR) Return on Capital Employed (2009 - 2026)
Equinor Asa's (EQNR) quarterly Return on Capital Employed came in at 31.72% in Q2 2026, up 198.0% YoY from 10.64% in Q2 2025, and up 25.35% on a QoQ basis from 25.3% in Q1 2026.
Equinor Asa (EQNR) Return on Capital Employed (2009 - 2026) Analysis & Trends
Equinor Asa (EQNR) has 16 years of Return on Capital Employed data on file, last reported at 31.72% in Q2 2026.
- Quarterly Return on Capital Employed rose 198.0% year-over-year to 31.72% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 31.72% (up 198.0% YoY) and the FY2025 annual result came in at 25.14%, down 508.0% from the prior year.
- Return on Capital Employed rose to 31.72% in Q2 2026, from 25.3% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 43.43% in Q4 2023 to a low of 24.57% in Q4 2025.
- A 3-year average of 30.65% and a median of 29.74% in 2025 frame the typical range for Return on Capital Employed.
- The widest YoY moves for Return on Capital Employed: up 198 bps in 2026, down 693 bps in 2026.
- Tracing EQNR's Return on Capital Employed over 3 years: stood at 43.43% in 2023, then slumped by 43 bps to 24.57% in 2025, then advanced by 29 bps to 31.72% in 2026.
- The last three Return on Capital Employed figures came in at 31.72% (Q2 2026), 25.3% (Q1 2026), and 24.57% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | - |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 10.38% |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | -19.99% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 4.63% |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 21.46% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 31.72% |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 31.85% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 11.22% |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 60.77% |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 10.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.72% |
| Mar 31, 2026 | 25.30% |
| Dec 31, 2025 | 24.57% |
| Sep 30, 2025 | 27.57% |
| Jun 30, 2025 | 29.74% |
| Mar 31, 2025 | 32.24% |
| Dec 31, 2023 | 43.43% |
| Jun 30, 2021 | 8.96% |
| Mar 31, 2021 | 3.68% |
| Dec 31, 2020 | 0.11% |
| Jun 30, 2020 | 0.68% |
| Mar 31, 2020 | 4.94% |
| Dec 31, 2019 | 9.40% |
| Sep 30, 2019 | 14.24% |
| Jun 30, 2019 | 18.96% |
| Mar 31, 2019 | 20.28% |
| Dec 31, 2018 | 20.62% |
| Sep 30, 2018 | 19.51% |
| Jun 30, 2018 | 15.81% |
| Mar 31, 2018 | 15.41% |