Equinor Buys Back 476,100 Shares at NOK 312.9 in Second Tranche

Equinor ASA bought back 476,100 of its own shares last week at an average price of NOK 312.89 each, the company said in a regulatory filing. The purchases, made between June 22 and June 26, mark the second tranche of the oil major's 2026 buy-back programme.

The tranche was announced on May 6 and runs from May 19 through no later than July 20. Equinor disclosed the daily transactions in an appendix to the filing, which is available on Norway's newsweb platform.

After the latest batch, Equinor holds 67.6 million own shares, or 2.64% of its total share capital. That figure includes shares held under the company's savings programme for employees. Excluding those, the treasury stake stands at 57.1 million shares, equal to 2.23% of capital.

The buy-back comes alongside a separate proposal by Equinor's board to cancel a portion of its outstanding shares, effectively shrinking the equity base. The move was announced earlier this year and is subject to shareholder approval. Together, the two actions signal a continued push to return capital to shareholders while tightening the share count.

Equinor's Alpha Score sits at 51 out of 100, a Mixed rating from AlphaScala. The score reflects balanced fundamentals in the energy sector, with neither strong bullish nor bearish signals dominating the current setup. The stock page with the full breakdown is available here.

The buy-back is conducted under the EU Market Abuse Regulation, and Equinor is required to disclose each transaction given the volume traded. The company did not provide a reason for the second tranche's timing beyond the previously announced schedule.

For now, the programme continues through mid-July. The next scheduled update will come when Equinor reports its weekly buy-back activity, or if the board accelerates the pace before the tranche closes.