Equinor ASA Sets Stage for Significant Share Buy-back in 2025

Equinor ASA Commences Share Buy-back Program

Equinor ASA is embarking on an exciting journey as it initiates its share buy-back program for 2025. This strategic move is designed to not only enhance shareholder value but also to reflect the company's robust financial position and commitment to returning capital to its shareholders. This decision marks a significant step forward for Equinor ASA which is traded on multiple platforms, including Oslo Stock Exchange under the ticker OSE:EQNR, NYSE:EQNR, and others.

First Tranche Details

The first tranche of this buy-back program was officially announced and commenced on February 6, continuing until at least April 2, 2025. During this initial phase, Equinor ASA has successfully acquired a total of 1,200,000 of its own shares, with an average purchase price of NOK 266.0754 per share. These transactions are seen as a testament to the company’s ongoing commitment to enhancing shareholder value and managing its capital effectively.

Transaction Breakdown

Between February 6 and February 7, Equinor ASA executed a series of transactions. On February 6, 600,000 shares were purchased through the Oslo Stock Exchange (OSE), with a total transaction value amounting to NOK 161,435,040. The following day, another 600,000 shares were bought at a slightly reduced price, bringing the total for the period to NOK 319,290,480.

Ownership Update

As of the completion of these buy-back transactions, Equinor ASA now holds a total of 69,743,662 shares, which equates to approximately 2.50% of its share capital. Excluding shares under the company's share savings program, the owned shares represent about 2.23% of the total share capital, showcasing Equinor's strategic approach to share management.

Rationale Behind the Buy-back

The decision to initiate a share buy-back program stems from Equinor’s ongoing strategy to allocate capital efficiently and effectively. By purchasing its own shares, Equinor aims to convey confidence to the market regarding its long-term growth prospects. This also underscores the strength of its financial situation, providing additional assurance to its investors.

Market Impact

Such programs are often well-received by investors as they can potentially improve the company's stock price and returns over time. The reception of the buy-back announcement by the market indicates positive sentiment, reinforcing Equinor's well-established position in the energy sector.

Transparency and Reporting

Equinor ASA is dedicated to transparency and regulatory compliance. The company is obligated to disclose such financial activities under the EU Market Abuse Regulation and the Norwegian Securities Trading Act. This ensures that all stakeholders are kept informed about the company's investments and financial maneuvers.

Investor Contacts

For those seeking more in-depth information, Equinor's investor relations team is available to provide insights. Bård Glad Pedersen, the senior vice president of Investor Relations, is reachable at +47 918 01 791. Media inquiries can be directed to Sissel Rinde, the vice president of Media Relations, at +47 412 60 584.

Frequently Asked Questions

What is the purpose of the share buy-back program?

The share buy-back program aims to enhance shareholder value by returning capital to shareholders while also demonstrating Equinor's financial strength.

When was the first tranche of the buy-back program initiated?

The first tranche was initiated on February 6, 2025, and is expected to continue until April 2, 2025.

How many shares has Equinor ASA bought back in this tranche?

In this tranche, Equinor ASA has acquired a total of 1,200,000 shares.

What percentage of Equinor's share capital do these shares represent?

The shares purchased represent approximately 2.50% of Equinor ASA’s share capital.

Who can I contact for more information about Equinor's financial activities?

You can contact Bård Glad Pedersen, senior vice president Investor Relations, at +47 918 01 791 for investor-related inquiries or Sissel Rinde, vice president Media Relations, at +47 412 60 584 for media inquiries.

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