Equinor third quarter 2021 results

Equinor reports adjusted earnings of USD 9.77 billion and USD 2.78 billion after tax in the third quarter of 2021. IFRS net operating income was USD 9.57 billion and the IFRS net income was USD 1.41 billion.

The third quarter of 2021 was characterised by:

Strong results due to higher prices and solid operating performance
Very strong cash flow and continued improvement of adjusted net debt ratio(1) to 13.2%.
Optimising gas production and Troll Phase 3 brought on stream
Cash dividend of USD 0.18 per share and increasing second tranche of share buy-back from USD 300 million to USD 1 billion

Equinor today commences the second tranche of the share buy-back programme for 2021 announced at the Capital Markets Day on 15 June 2021.
Based on favourable commodity price conditions, strong cash flow generation and an adjusted net debt ratio (1) of 13.2% the board of directors has decided to increase the size of the second tranche of the share buy-back programme, from an indicative level of USD 300 million communicated at the Capital Market Day in June, to USD 1 billion. This includes shares to be redeemed from the Norwegian State. The share buy-back will commence today and will end no later than 31 January 2022. At the Capital Markets Day in June 2021 Equinor announced a competitive capital distribution with an increase of the quarterly cash dividend to 18 cents per share and the start of a new share buy-back programme, providing a capital distribution structure with increased flexibility.

The first tranche of the share buy-back programme of USD 300 million, including shares to be redeemed from the Norwegian State, commenced 28 July and ended 28 September 2021 with a total purchase in the market of USD 99 million, in total 4,575,502 shares.

Information relating to dividend for third quarter 2021

Key information relating to the cash dividend to be paid by Equinor (OSE: EQNR, NYSE: EQNR) for third quarter 2021.
Dividend amount: 0.18

Declared currency: USD

Last day including rights: 10 February 2022

Ex-date: 11 February 2022

Record date: 14 February 2022

Payment date: 25 February 2022

Other information: Dividend per share in NOK will be communicated 18 February 2022.

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