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
SilverBow Makes Horseshoe Lateral in Austin Chalk
2024-05-01 - SilverBow Resources’ 8,900-foot lateral was drilled in Live Oak County at the intersection of South Texas’ oil and condensate phases. It's a first in the Chalk.
Petrobras Sending Nearly Half of Oil Exports to China
2024-04-30 - Conflict in the Middle East has enabled Brazil’s state-owned Petrobras to change the flow of its oil exports, with China being the primary beneficiary, followed by Europe.
Equinor Says EQT Asset Swap Upgrades International Portfolio
2024-04-30 - Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.
E&P Highlights: April 29, 2024
2024-04-29 - Here’s a roundup of the latest E&P headlines, including a new contract award and drilling technology.
Kosmos Energy’s RBL Increased, Maturity Date Extended
2024-04-29 - Kosmos Energy’s reserve-based lending facility’s size has been increased by about 8% to $1.35 billion from $1.25 billion, with current commitments of approximately $1.2 billion.