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The latest announcement is out from Equinor ASA ( (GB:0M2Z) ).
Equinor ASA has announced the initiation of the third tranche of its 2025 share buyback program, which aims to purchase shares worth up to $417.5 million in the market. This move is part of a larger $5 billion buyback plan for 2024-2025, designed to reduce the company’s issued share capital and maintain the Norwegian state’s ownership at 67%. The buyback is contingent on market conditions and the company’s financial health, with the board deciding on future tranches quarterly. The program will see shares bought back and deleted, with a similar process for the state’s shares, ensuring a balanced ownership structure.
The most recent analyst rating on (GB:0M2Z) stock is a Hold with a NOK270.00 price target. To see the full list of analyst forecasts on Equinor ASA stock, see the GB:0M2Z Stock Forecast page.
More about Equinor ASA
Equinor ASA is a major player in the energy industry, primarily focusing on oil, gas, and renewable energy sources. The company is committed to transitioning towards sustainable energy solutions while maintaining a strong presence in the global energy market.
Average Trading Volume: 3,101,874
Current Market Cap: NOK673.3B
For an in-depth examination of 0M2Z stock, go to TipRanks’ Overview page.