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Equinor ASA ( (GB:0M2Z) ) has issued an update.
Equinor ASA has announced the completion of a significant tranche of its 2024 share buy-back program, purchasing 3,000,000 shares at an average price of NOK 288.7862 per share between January 6th and January 10th, 2025. This move, part of a broader strategy to optimize capital allocation and enhance shareholder value, results in Equinor now owning 69,454,866 of its own shares, representing 2.49% of the total share capital. This strategic financial maneuver is significant for stakeholders as it reflects Equinor’s commitment to maintaining a robust financial structure and returning value to shareholders.
More about Equinor ASA
Equinor ASA is a Norwegian multinational energy company primarily engaged in oil and gas production. It operates in various sectors including exploration, development, and production of energy resources, with a focus on sustainable energy solutions.
YTD Price Performance: 13.08%
Average Trading Volume: 890,774
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: NOK804.2B
For a thorough assessment of 0M2Z stock, go to TipRanks’ Stock Analysis page.
