Equinor ASA released on April 17 an aggregated overview of transactions made under its buyback of shares program for employees and management, previously announced Feb. 7.
The total purchase amount under the program is NOK 1.156 billion (US$105 million).
As of April 15, Equinor purchased 455,019 shares at the Oslo Stock Exchange at an average price of NOK 305.4815 per share (US$27.76).
Equinor said the maximum shares it could acquire is 16.8 million. That includes up to 7.4 million shares it can repurchase until May 15 — and up to 9.4 million shares until Jan. 15, 2025, when the buyback period ends.
Equinor owns 76.62 million shares, corresponding to 2.55% of Equinor’s share capital, following the completion of the buyback transactions.
Recommended Reading
HighPeak Energy Authorizes First Share Buyback Since Founding
2024-02-06 - Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.
Northern Oil and Gas Ups Dividend 18%, Updates Hedging
2024-02-09 - Northern Oil and Gas, which recently closed acquisitions in the Utica Shale and Delaware Basin, announced a $0.40 per share dividend.
ProPetro Ups Share Repurchases by $100MM
2024-04-25 - ProPetro Holding Corp. is increasing its share repurchase program to a total of $200 million of common shares.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
Occidental Increases Annual Dividend by 22%
2024-02-11 - Occidental Petroleum Corp.’s newly declared dividend is at an annual rate of $0.88 per share, compared to the previous annual rate of $0.72 per share.