Equinor ASA (DNQA) — Cash Flow Reinvestment Rate

Latest as of March 2026: 0.70x

Equinor ASA (DNQA) has a Cash Flow Reinvestment Rate of 0.70x as of March 2026, reinvesting €3.66 Billion (capex €3.12 Billion plus investments €546.00 Million) from operating cash flow of €5.21 Billion. Explore Equinor ASA capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

Reinvestment Rate

0.70x
(Capex + Investments) / Operating CF

Total Reinvested

€3.66 Billion
Capex + Investments

Operating Cash Flow

€5.21 Billion
EUR

Capital Expenditures

€3.12 Billion
EUR

Equinor ASA Cash Flow Reinvestment Rate (2016–2025)

Historical reinvestment intensity for Equinor ASA across 10 annual periods. Also explore balance sheet size of Equinor ASA for the complete picture of this company's asset base.

Annual Cash Flow Reinvestment Rate for Equinor ASA (2016–2025)

Year-by-year capital reinvestment analysis for Equinor ASA. For live market cap and broader valuation context, see DNQA market cap.

Year Reinvestment Rate Total Reinvested (EUR) Operating CF Capex YoY Change
2025 0.79x €15.85 Billion €19.97 Billion €13.99 Billion ▼ -28.8%
2024 1.11x €21.68 Billion €19.46 Billion €12.18 Billion ▲ +11.1%
2023 1.00x €26.30 Billion €26.23 Billion €9.77 Billion ▲ +86.9%
2022 0.54x €18.85 Billion €35.14 Billion €8.76 Billion ▼ -14.1%
2021 0.62x €17.99 Billion €28.82 Billion €8.04 Billion ▼ -46.8%
2020 1.17x €12.18 Billion €10.39 Billion €8.48 Billion ▲ +43.7%
2019 0.82x €11.22 Billion €13.75 Billion €10.20 Billion ▲ +26.3%
2018 0.65x €12.72 Billion €19.69 Billion €11.37 Billion ▼ -15.7%
2017 0.77x €11.35 Billion €14.80 Billion €10.76 Billion ▼ -70.1%
2016 2.57x €22.64 Billion €8.82 Billion €12.19 Billion
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow