Equinor Buys 439,635 Shares at NOK 313.67 in Second Tranche

Equinor ASA bought back 439,635 of its own shares between June 29 and July 3 at an average price of NOK 313.6694 per share, the company said Monday. The purchases fall under the second tranche of its 2026 buy-back programme, announced May 6 and set to run through July 20.

After the transactions, Equinor holds 13,259,988 treasury shares, or 0.55% of its share capital. That figure includes shares held under the company's share savings programme. Excluding those, Equinor owns 2,754,103 shares, or 0.12% of the capital.

The buy-back comes as Equinor's stock has traded near NOK 313, down from a year-to-date high above NOK 340 in January. The energy sector has faced pressure from lower crude prices and questions about the pace of the energy transition. Equinor's cash flow from its oil and gas operations continues to fund the repurchases.

Equinor's EQNR stock page shows an Alpha Score of 51 out of 100, a Mixed rating. The company's buy-back programme signals management's view that the stock is undervalued at current levels. Analysts have trimmed targets on concerns about grid storage investments and long-term oil demand.

The second tranche, which began May 19, allows Equinor to repurchase shares until July 20. The company has not said whether it will announce a third tranche after that date. The buy-back is part of a broader capital return strategy that includes a regular dividend.

Bård Glad Pedersen, senior vice president of Investor Relations, and Sissel Rinde, vice president of Media Relations, are the company contacts for the programme.