Equinor Asa (EQNR) Return on Capital Employed (2009 - 2026)
Equinor Asa (EQNR) reported Return on Capital Employed of 25.3% for Q1 2026, down 693.0% on a YoY basis from 4.27% in Q1 2025, and up 2.98% quarter-over-quarter from 24.57% in Q4 2025.
Equinor Asa (EQNR) Return on Capital Employed (2009 - 2026) Analysis & Trends
Equinor Asa has reported Return on Capital Employed for 17 years, with the latest figure at 25.3% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed fell 693.0% year-over-year to 25.3%; the trailing twelve-month figure through Mar 2026 stood at 25.3% (down 693.0% YoY), and the FY2025 full-year result was 25.14%, down 508.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 25.3%, up from 24.57% in the prior quarter.
- The five-year high for Return on Capital Employed was 43.79% in Q4 2023, with the low at 24.57% in Q4 2025.
- Historically, Return on Capital Employed has averaged 30.22% across 4 years, with a median of 28.36% in 2024.
- Annual changes were most pronounced in 2024 — Return on Capital Employed slumped 1543 bps — and 2025, when it sank 379 bps.
- Equinor Asa's Return on Capital Employed stood at 43.79% in 2023, then sank by 35 bps to 28.36% in 2024, then dropped by 13 bps to 24.57% in 2025, then grew by 3 bps to 25.3% in 2026.
- The last three Return on Capital Employed figures came in at 25.3% (Q1 2026), 24.57% (Q4 2025), and 27.57% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | - |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | 10.30% |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | 222.35% |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 18.04% |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 12.10% |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | 3.93% |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | - |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 40.53% |
| 10 | Equinor Asa | 1.07 Mn | -7.09 Bn | - | 25.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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, 2024 | 28.36% |
| Dec 31, 2023 | 43.79% |
| 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% |