Equinor ASA will begin the third tranche of its 2026 share buyback program on July 23, 2026, with a budget of up to $1.125 billion. This tranche includes $371.3 million worth of shares to be bought from the market and will conclude by October 26, 2026. The buyback program aims to reduce the company's issued share capital and is part of a larger $3 billion program approved in June 2026. Shares repurchased in this tranche will be cancelled at the company’s general meeting in May 2027, and the Norwegian state will proportionally redeem and cancel shares to maintain its 67% ownership stake. Future buyback tranches will be decided quarterly by the board, based on market conditions and company balance sheet considerations.
