Equinor To Commence Fourth Tranche Of Up To $1.6B In Its 2024 Share Buy-Back Programme
Portfolio Pulse from Benzinga Newsdesk
Equinor is set to commence the fourth tranche of its 2024 share buy-back program, purchasing up to $528 million in shares, with a total tranche value of up to $1.6 billion. The program, announced in February 2024, aims for a total buy-back of $10-12 billion over 2024-2025.
October 24, 2024 | 5:03 am
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Equinor is initiating the fourth tranche of its 2024 share buy-back program, with plans to purchase up to $528 million in shares from the market. This is part of a larger $10-12 billion buy-back plan for 2024-2025.
The announcement of a share buy-back program typically signals confidence in the company's financial health and can lead to a positive impact on the stock price. The scale of the buy-back, up to $528 million in this tranche, is significant and suggests a strong commitment to returning value to shareholders.
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