Business UpdateJun 16, 2026, 07:57 AM

Equinor Doubles 2026 Share Buy-back to $3B; Sets 2027+ Framework

AI Summary

Equinor ASA presented its strategy at Capital Markets Day 2026, focusing on delivering more energy, growing cash flow, and superior returns. The company announced it will double its 2026 share buy-back program to $3 billion and introduce a predictable annual share buy-back framework of $2-4 billion from 2027. Equinor also aims to increase its quarterly cash dividend by over 5% annually, alongside targets for significant production and cash flow growth by 2030.

Key Highlights

2026 share buy-back program doubled to $3 billion.
Annual share buy-back of $2-4 billion introduced from 2027.
Aims to grow quarterly cash dividend by more than 5% annually.
Targets production growth of 150,000 boe/day to 2.3 million boe/day by 2030.
Expects 30% growth in cash flow from operations after tax from 2025-2030.
Forecasts free cash flow of more than $40 billion for the period 2026-2030.
Aims for Return on Average Capital Employed (ROACE) above 15% annually from 2026-2030.
Anticipates annual capex of $11-13 billion for 2028-2030.

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EQNR

Integrated oil Companies

EQUINOR ASA

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