Equinor ASA ( (GB:0M2Z) ) just unveiled an update.
Equinor ASA has announced the commencement of the first tranche of its 2025 share buy-back program, valued at up to USD 1.2 billion, which is part of a larger USD 5 billion buy-back initiative for 2025. This program aims to reduce the company’s issued share capital and involves structured repurchases of shares, including those held by the Norwegian State, which will maintain its ownership percentage. The buy-back is influenced by market conditions and is subject to board and shareholder approvals, reflecting Equinor’s strategic focus on shareholder returns and market stability.
More about Equinor ASA
Equinor ASA is a leading energy company primarily focused on the development and production of oil, gas, and renewable energy sources. The company operates globally and is committed to transitioning towards more sustainable energy solutions, maintaining a strong market presence particularly in Europe.
YTD Price Performance: 4.75%
Average Trading Volume: 866,295
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: NOK747.5B
Learn more about 0M2Z stock on TipRanks’ Stock Analysis page.