Equinor Sets Second 2026 Share Buy-Back Tranche of Up to USD 375 Million

Equinor ASA ( (GB:0M2Z) ) has provided an update.

Equinor plans to launch the second tranche of its 2026 share buy-back programme, with a total potential size of up to USD 375 million, following its annual general meeting on 12 May 2026 and subject to renewed board authorisation and an agreement with the Norwegian State. Of this tranche, up to USD 123.8 million of shares will be repurchased in the market by an independent third party under a non-discretionary mandate, with all acquired shares to be cancelled at the annual general meeting in May 2027 to reduce the company’s share capital.

The buy-back forms part of a broader 2026 programme of up to USD 1.5 billion, and it is structured so that the Norwegian State will redeem and cancel a proportionate number of its shares at the 2027 meeting to maintain its 67% ownership stake. The transactions, to be conducted mainly on the Oslo Stock Exchange under EU and Norwegian safe harbour rules, underscore Equinor’s commitment to shareholder returns while tightly coordinating with the state to preserve its strategic holding and adjust the company’s capital structure.

The authorisation proposed for the board would allow purchases of up to 78 million shares within a price range of NOK 50 to NOK 1,000 per share, valid until the 2027 annual meeting or 30 June 2027. This framework gives Equinor quarterly flexibility to initiate further tranches in line with its dividend policy and financial position, while providing investors with visibility on capital returns and regulatory compliance around the planned cancellations and state participation.

The most recent analyst rating on (GB:0M2Z) stock is a Hold with a NOK366.00 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 Norwegian energy company primarily focused on oil, gas and increasingly renewable energy, with shares listed in Oslo and New York. The company has a significant ownership by the Norwegian State, which holds 67% of the shares, and it manages capital returns to shareholders through a mix of dividends and structured share buy-back programmes.

Equinor operates globally with a strong presence on the Norwegian continental shelf, and it uses share repurchases as a tool to adjust its capital structure. Its buy-back schemes are coordinated with the Norwegian State to ensure the state’s ownership stake remains stable while capital is returned to other shareholders.

The company’s financial policies link share buy-back levels to market conditions, balance sheet strength and its broader dividend policy. Equinor’s repurchase plans are executed in line with EU and Norwegian securities regulations, including safe harbour rules for market transactions.

Average Trading Volume: 5,388,167

Current Market Cap: NOK954.6B

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