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.
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