Equinor Launches $1.125B Third Buyback Tranche, $371M in Market Purchases

summarizeSummary

Equinor will begin the third tranche of its 2026 buyback on July 23, targeting up to $1.125 billion total, with $371.3 million in open-market purchases through October 26.

check_boxKey Events · Financing and Capital Events · EQNR

• Third Buyback Tranche Launched

  Equinor will commence the third tranche of its 2026 share buyback program on July 23, 2026, with total repurchases of up to $1.125 billion, including $371.3 million in open-market purchases.

• Program Doubled to $3 Billion

  The 2026 buyback was increased from $1.5 billion to $3 billion at the June 16 Capital Markets Day, reflecting strong cash generation and a commitment to shareholder returns.

• Market Purchases Through October

  The third tranche will run no later than October 26, 2026, with a non-discretionary third party executing trades independently of the company.

• State Participation Maintains 67% Stake

  The Norwegian State will redeem a proportionate number of shares to keep its ownership at 67%, meaning the public float reduction equals the full buyback amount.

auto_awesomeAnalysis · EQNR · Energy & Transportation

Equinor is putting another $1.125 billion to work buying back its own stock, with $371 million of that coming directly from the open market starting tomorrow. This is the third leg of a program that was doubled to $3 billion at the June Capital Markets Day — a clear signal the board sees the shares as undervalued and is willing to commit serious capital to prove it. The buyback will mechanically reduce the share count, boosting per-share metrics for remaining investors, and the State of Norway will redeem a proportional number of shares to keep its 67% ownership intact, so the public float shrinks by the full amount.