We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies.

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Oil & Gas, Crude Oil, Gas, Petrol, Exploration, Refinery, Upstream, Oil Price, LPG & Solar

Follow us
Press Releases

Equinor announce 2022 share buy-back programme

by

Equinor (OSE: EQNR, NYSE: EQNR) will commence on 28 July 2022 the third tranche of around USD 1.833 billion of the 2022 share buy-back programme, as announced in relation with the second quarter results on 27 July 2022.

Based on the strength of the balance sheet and the outlook for commodity prices, the board has decided to initiate a third tranche of share buy-back of around USD 1.833 billion and increase the target level of share buy-back for 2022 from previously communicated USD 5 billion up to USD 6 billion. The third tranche will commence on 28 July and will end no later than 26 October 2022. The third tranche of around USD 1.833 billion includes shares to be redeemed from the Norwegian State.
The purpose of the share buy-back programme is to reduce the issued share capital of the company. All shares repurchased as part of the programme will be cancelled.
According to an agreement between Equinor and the Norwegian State, the Norwegian State will participate in share buy-backs on a proportionate basis, ensuring that its ownership interest in Equinor remains unchanged at 67%.
The share buy-back programme for 2022 will be structured into tranches where Equinor will buy back a certain value in USD of shares over a defined period. For the third tranche for 2022, running from 28 July 2022 until no later than 26 October 2022, Equinor is entering into a non-discretionary agreement with a third party who will make its trading decisions independently of the company.
In this third tranche, shares for up to around USD 605 million will be purchased in the market, implying a total second tranche of around USD 1.833 billion including redemption of shares from the Norwegian State.
The execution of further tranches of the share buy-back programme for 2022 will be notified to the market.

Information Source: Read More

ENERGY | ELECTRIC POWER | NATURAL GAS | AUTOMOTIVE | CLIMATE | RENEWABLE | WIND | TRANSITION | LPG | OIL & GAS | SOLAR | ELECTRIC VEHICLES| BIOMASS | SUSTAINABILITY | OIL PRICE |COMMODITIES | ELECTRIC POWER | NUCLEAR | LNG | REFINED PRODUCTS | SHIPPING|

Share:
0
Tags:
a
Cool
0
a
Cool
0
a
Dislike
0
Geeky
0
a
Like
0
a
Like
0
a
LOL
0
a
Love
0
a
Love
0
a
NSFW
0
oilandgaspress
0
OMG
0
a
WTF
0
#FOLLOW US ON INSTAGRAM