Equinor ASA ( (GB:0M2Z) ) has provided an update.
Equinor ASA has announced the initiation of the second tranche of its share buyback program for 2025, valued at up to $1.265 billion, following the general meeting on May 14, 2025. This move is part of a larger $5 billion buyback program aimed at reducing the company’s issued share capital, contingent on board authorization and an agreement with the Norwegian state. The buyback will be executed by an independent third party and is expected to conclude by July 21, 2025, with shares bought back being deleted through a capital reduction at the general meeting in May 2026.
More about Equinor ASA
Equinor ASA is a major player in the energy industry, primarily focusing on oil and gas exploration and production. The company is known for its commitment to sustainable energy solutions and operates globally, with a significant presence in the Norwegian market.
YTD Price Performance: -6.32%
Average Trading Volume: 601,951
Technical Sentiment Signal: Hold
Current Market Cap: NOK652.4B
For detailed information about 0M2Z stock, go to TipRanks’ Stock Analysis page.