Equinor sets $3 bn 2026 share buy‑back boost and outlines growth targets to 2030

Equinor ASA announced its Capital Markets Day strategy, committing to double its 2026 share buy‑back to US$3 billion and establishing a predictable annual buy‑back framework from 2027 onward. The company plans to increase its quarterly cash dividend by more than 5 % per share each year.

Production goals include adding 150,000 barrels of oil‑equivalent per day to reach 2.3 million boe per day by 2030, with the Norwegian continental shelf output rising by 100,000 boe to 1.35 million boe per day in 2030 and 1.3 million boe per day in 2035. International oil‑gas production is targeted to grow 30 % to 950,000 boe per day, while power generation is expected to exceed 20 TWh by 2030.

Equinor projects a 30 % rise in cash flow from operations after tax between 2025‑2030, with capex of US$11‑13 billion annually (2028‑2030), allocating roughly 60 % to the Norwegian shelf, 30 % to international oil‑gas projects, and 10 % to power initiatives. Return on average capital employed is targeted above 15 % annually from 2026‑2030.