Equinor Asa (EQNR) Return on Capital Employed [ROCE] (2009 - 2026)
Equinor Asa's Return on Capital Employed [ROCE] was 84.33% in Q1 2026, down 17.87 percentage points from 102.20% a year earlier but up 59.76 percentage points from the prior quarter.
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Analysis
Equinor Asa (EQNR) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Equinor Asa came in at 25.14%, down 5.08 percentage points from FY2024.
- Return on Capital Employed [ROCE] has now declined for three consecutive years, though with a five-year change of +28.47 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 30.22% in FY2024 (-0.86 pp), 31.08% in FY2023 (-41.20 pp), 72.28% in FY2022 (+37.56 pp) and 34.72% in FY2021 (+38.05 pp).
- Quarterly Return on Capital Employed [ROCE] has moved between 8.96% (Q2 2021) and 102.20% (Q1 2025) over five years.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 14.97% |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 13.86% |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | 15.97% |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 26.08% |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | 7.67% |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 28.17% |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 26.83% |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | 7.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 84.33% |
| Dec 31, 2025 | 24.57% |
| Sep 30, 2025 | 82.19% |
| Mar 31, 2025 | 102.20% |
| Dec 31, 2023 | 43.60% |
| 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% |
| Dec 31, 2017 | 14.95% |
| Sep 30, 2017 | 7.24% |
API Access
Equinor Asa Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "EQNR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();