BuybackMay 6, 2026, 06:14 AM
Equinor Commences $375M Second Share Buy-Back Tranche
AI Summary
Equinor ASA announced the commencement of the second tranche of its 2026 share buy-back programme, valued at up to $375 million. This tranche, which includes up to $123.8 million in market purchases, is part of a larger $1.5 billion programme for 2026. The execution is contingent on board authorization renewal at the upcoming annual general meeting and an agreement with the Norwegian State, with purchased shares to be cancelled in May 2027.
Key Highlights
- Equinor commences second tranche of its 2026 share buy-back programme.
- The second tranche is for up to $375 million.
- Up to $123.8 million in shares will be purchased in the market.
- The total 2026 share buy-back programme is up to $1.5 billion.
- The second tranche will conclude no later than July 20, 2026.
- Maximum 78 million shares can be purchased in the market.
- Shares purchased will be cancelled through a capital reduction at the May 2027 AGM.