Equinor ASA (EQNR) — Cash Flow Reinvestment Rate
Latest as of December 2025:
0.70x
Equinor ASA (EQNR) has a Cash Flow Reinvestment Rate of 0.70x as of December 2025, reinvesting Nkr13.99 Billion (capex Nkr13.99 Billion ) from operating cash flow of Nkr19.97 Billion. See Equinor ASA (EQNR) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
0.70x
(Capex + Investments) / Operating CF
Total Reinvested
Nkr13.99 Billion
Capex + Investments
Operating Cash Flow
Nkr19.97 Billion
NOK
Capital Expenditures
Nkr13.99 Billion
NOK
Equinor ASA Cash Flow Reinvestment Rate (1998–2025)
Historical reinvestment intensity for Equinor ASA across 28 annual periods. For the full cash flow conversion analysis, see Equinor ASA cash flow conversion.
Annual Cash Flow Reinvestment Rate for Equinor ASA (1998–2025)
Year-by-year capital reinvestment analysis for Equinor ASA. See EQNR FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (NOK) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.70x | Nkr13.99 Billion | Nkr19.97 Billion | Nkr13.99 Billion | ▼ -10.3% |
| 2024 | 0.78x | Nkr15.71 Billion | Nkr20.11 Billion | Nkr12.18 Billion | ▼ -28.8% |
| 2023 | 1.10x | Nkr27.10 Billion | Nkr24.70 Billion | Nkr10.57 Billion | ▲ +56.6% |
| 2022 | 0.70x | Nkr24.62 Billion | Nkr35.14 Billion | Nkr8.76 Billion | ▲ +12.2% |
| 2021 | 0.62x | Nkr17.99 Billion | Nkr28.82 Billion | Nkr8.04 Billion | ▼ -46.8% |
| 2020 | 1.17x | Nkr12.18 Billion | Nkr10.39 Billion | Nkr8.48 Billion | ▲ +43.7% |
| 2019 | 0.82x | Nkr11.22 Billion | Nkr13.75 Billion | Nkr10.20 Billion | ▲ +26.3% |
| 2018 | 0.65x | Nkr12.72 Billion | Nkr19.69 Billion | Nkr11.37 Billion | ▼ -18.2% |
| 2017 | 0.79x | Nkr11.35 Billion | Nkr14.36 Billion | Nkr10.76 Billion | ▼ -68.5% |
| 2016 | 2.51x | Nkr22.64 Billion | Nkr9.03 Billion | Nkr12.19 Billion | ▲ +82.8% |
| 2015 | 1.37x | Nkr17.00 Billion | Nkr12.40 Billion | Nkr14.19 Billion | ▲ +26.7% |
| 2014 | 1.08x | Nkr18.41 Billion | Nkr17.01 Billion | Nkr16.49 Billion | ▼ -3.3% |
| 2013 | 1.12x | Nkr18.63 Billion | Nkr16.66 Billion | Nkr18.63 Billion | ▲ +27.4% |
| 2012 | 0.88x | Nkr20.13 Billion | Nkr22.93 Billion | Nkr20.13 Billion | ▲ +6.1% |
| 2011 | 0.83x | Nkr15.45 Billion | Nkr18.67 Billion | Nkr15.45 Billion | ▼ -14.6% |
| 2010 | 0.97x | Nkr13.32 Billion | Nkr13.75 Billion | Nkr13.32 Billion | ▼ -5.9% |
| 2009 | 1.03x | Nkr12.97 Billion | Nkr12.60 Billion | Nkr12.97 Billion | ▲ +52.2% |
| 2008 | 0.68x | Nkr9.97 Billion | Nkr14.73 Billion | Nkr9.97 Billion | ▼ -10.5% |
| 2007 | 0.76x | Nkr13.07 Billion | Nkr17.29 Billion | Nkr13.07 Billion | ▲ +9.7% |
| 2006 | 0.69x | Nkr6.73 Billion | Nkr9.77 Billion | Nkr6.73 Billion | ▲ +23.4% |
| 2005 | 0.56x | Nkr4.65 Billion | Nkr8.33 Billion | Nkr4.65 Billion | ▼ -31.9% |
| 2004 | 0.82x | Nkr5.27 Billion | Nkr6.43 Billion | Nkr5.27 Billion | ▲ +14.3% |
| 2003 | 0.72x | Nkr3.32 Billion | Nkr4.63 Billion | Nkr3.32 Billion | ▼ -3.9% |
| 2002 | 0.75x | Nkr2.58 Billion | Nkr3.46 Billion | Nkr2.58 Billion | ▲ +75.4% |
| 2001 | 0.43x | Nkr1.85 Billion | Nkr4.36 Billion | Nkr1.85 Billion | ▲ +39.5% |
| 2000 | 0.30x | Nkr1.95 Billion | Nkr6.40 Billion | Nkr1.95 Billion | ▼ -76.1% |
| 1999 | 1.28x | Nkr3.21 Billion | Nkr2.52 Billion | Nkr3.21 Billion | ▼ -42.0% |
| 1998 | 2.20x | Nkr2.91 Billion | Nkr1.32 Billion | Nkr2.91 Billion | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow