Equinor bought back 414,792 shares at NOK 353.25 each in the second tranche of its 2026 programme. The buy-back runs through July 20, with weekly disclosures on Oslo Børs.
Equinor ASA bought back 414,792 of its own shares last week. The purchases, made between June 8 and June 12, came at an average price of NOK 353.2484 per share. They are part of the second tranche of the company's 2026 buy-back programme, announced on May 6.
The tranche runs from May 19 to no later than July 20. Equinor has not said how many shares it intends to repurchase in total under this tranche. The weekly pace so far suggests the programme is running at a steady clip. The average price paid, just above NOK 353, is near where the stock has traded in recent weeks.
After these transactions, Equinor holds 66,544,031 of its own shares, or 2.60% of the share capital. That includes shares held under the company's employee share savings programme. Excluding those, the treasury count is 56,268,364 shares, or 2.20% of capital.
Buy-backs reduce the outstanding share count, which lifts earnings per share all else equal. For a cash-generative oil major like Equinor, the move signals that management sees the stock as fairly valued or cheap relative to internal return thresholds. It also returns capital to shareholders in a tax-efficient way compared with dividends in some jurisdictions.
The second tranche follows a first tranche completed earlier in 2026. Equinor has run buy-back programmes consistently in recent years, funded by cash flow from its upstream oil and gas operations and its growing renewables business.
AlphaScala's proprietary scoring system rates EQNR at 51 out of 100, a Mixed label. The score reflects a balanced risk-reward profile, with the buy-back providing a floor under the stock but limited near-term catalysts beyond the programme itself.
Investors tracking the buy-back can monitor weekly disclosures on the Oslo Børs news feed. The next update will cover purchases through June 19. The tranche remains open for another five weeks, so further repurchases are likely at or near current price levels.
For more on Equinor, see the EQNR stock page. Broader commodities analysis covers the oil market context that drives Equinor's cash flows.
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