Equinor starts third 2026 share buyback tranche
Equinor ASA will on 23 July 2026 start the third tranche of its 2026 share buy-back programme.
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Rhea-AI Filing Summary
Equinor ASA will on 23 July 2026 start the third tranche of its 2026 share buy-back programme. This tranche covers up to USD 1,125 million, including shares to be redeemed from the Norwegian State, with up to USD 371.3 million of shares purchased in the market, ending no later than 26 October 2026.
The overall 2026 buy-back programme was increased to up to USD 3 billion and is subject to market outlook and balance sheet strength. It is based on a May 2026 general meeting authorisation allowing market repurchases of up to 78 million shares, of which 74,465,025 remain, within a price range of NOK 50–1,000. The purpose is to reduce issued share capital, and the board plans to propose cancelling shares bought in this tranche, together with a proportionate number of the State’s shares to keep its ownership at 67%, at the May 2027 annual general meeting.
Filing Explained
The third tranche’s execution is independent of Equinor, while later tranches require quarterly board decisions and further conditions.
Equinor’s third 2026 buy-back tranche is scheduled to start on
The agreement is described as non-discretionary: the third party, rather than Equinor, will make trading decisions independently of the company.
After this tranche, any further 2026 buy-back tranches will require a quarterly decision by the board, along with applicable shareholder authorisation and an agreement with the Norwegian State.
For the State’s shares, the redemption price will be based on the volume-weighted average price Equinor pays for market purchases, plus interest compensation and adjusted for dividends.
Key Figures
Key Terms
non-discretionary agreement financial
volume-weighted average financial
safe harbour conditions regulatory
capital reduction financial
FAQ
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How large is Equinor’s (EQNR) third 2026 buy-back tranche and market component?
What authorisation supports Equinor’s (EQNR) third 2026 buy-back tranche?
How will the Norwegian State’s 67% stake in Equinor (EQNR) be maintained?
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