Equinor Asa (STOHF) Operating Expenses (2009 - 2026)

Equinor Asa (STOHF) reported Operating Expenses of -$19.1 billion for Q1 2026, up 9.44% on a YoY basis from -$17.4 billion in Q1 2025, and up 4.03% quarter-over-quarter from -$19.9 billion in Q4 2025.

Equinor Asa (STOHF) Operating Expenses (2009 - 2026) Analysis & Trends

Equinor Asa has reported Operating Expenses for 18 years, with the latest figure at -$19.1 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 9.44% year-over-year to -$19.1 billion; the trailing twelve-month figure through Mar 2026 stood at -$62.4 billion (down 3.45% YoY), and the FY2025 full-year result was $81.1 billion, up 11.34% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$19.1 billion, up from -$19.9 billion in the prior quarter.
  • The five-year high for Operating Expenses was -$2.0 billion in Q1 2022, with the low at -$21.0 billion in Q1 2025.
  • Historically, Operating Expenses has averaged -$13.7 billion across 5 years, with a median of -$18.4 billion in 2024.
  • The largest YoY upside for Operating Expenses was 84.61% in 2025 against a maximum downside of 725.22% in 2025.
  • Equinor Asa's Operating Expenses stood at -$2.2 billion in 2022, then tumbled by 823.0% to -$20.3 billion in 2023, then climbed by 6.83% to -$18.9 billion in 2024, then decreased by 4.97% to -$19.9 billion in 2025, then rose by 4.03% to -$19.1 billion in 2026.
  • The last three Operating Expenses figures came in at -$19.1 billion (Q1 2026), -$19.9 billion (Q4 2025), and -$20.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Petrobras - Petroleo Brasileiro 1,901.04 Bn 1,894.28 Bn 11.34 Bn -3.49 Bn
2 Exxon Mobil 629.96 Bn 628.14 Bn - 78.17 Bn
3 TotalEnergies SE 621.59 Bn 621.59 Bn 26,816.00 -5,222.00
4 Shell 546.31 Bn 505.07 Bn - -
5 Chevron 370.90 Bn 376.56 Bn 20.34 Bn 7.68 Bn
6 Cenovus Energy 354.37 Bn 352.41 Bn 6.46 Bn 1.08 Bn
7 Eni Spa 252.26 Bn 242.70 Bn - -
8 Bp 196.12 Bn 159.56 Bn - 44.00 Mn
9 Suncor Energy 57.67 Bn 55.06 Bn 7.44 Bn 1.27 Bn
10 Equinor Asa - - - -19.06 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 -19.06 Bn
Dec 31, 2025 -19.86 Bn
Sep 30, 2025 -20.78 Bn
Jun 30, 2025 -2.75 Bn
Mar 31, 2025 -21.05 Bn
Dec 31, 2024 -18.92 Bn
Sep 30, 2024 -2.52 Bn
Jun 30, 2024 -17.88 Bn
Mar 31, 2024 -17.50 Bn
Dec 31, 2023 -20.31 Bn
Jun 30, 2022 -2.20 Bn
Mar 31, 2022 -1.99 Bn
Jun 30, 2021 -2.13 Bn
Mar 31, 2021 -1.94 Bn
Dec 31, 2020 -2.01 Bn
Jun 30, 2020 -2.23 Bn
Mar 31, 2020 -2.41 Bn
Dec 31, 2019 -2.24 Bn
Sep 30, 2019 -2.73 Bn
Jun 30, 2019 -2.28 Bn