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Equinor Advances Share Buy-Back Program
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Equinor Advances Share Buy-Back Program

Equinor (EQNR) has released an update.

Equinor is set to initiate the second tranche of its share buy-back program for 2024, with plans to repurchase up to USD 1.6 billion in shares post the annual general meeting on May 14, 2024. This move is part of a larger two-year scheme aimed at reducing issued share capital, with the potential total buy-back reaching USD 10-12 billion for 2024-2025. The process, which includes transactions on the Oslo Stock Exchange, is contingent on board authorization and an agreement with the Norwegian State to maintain its ownership share.

For further insights into EQNR stock, check out TipRanks’ Stock Analysis page.

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