Group 1 - The correction of the stock market announcement (SMA) was made due to an incorrect date for the announcement of the dividend per share in NOK [1] - Equinor ASA will pay a cash dividend of 0.35 USD for the third quarter of 2024, which includes both an ordinary and an extraordinary cash dividend of 0.35 USD each [2] - The last day to include rights for the dividend is 12 February 2025, with the ex-dates set for 13 February 2025 on Oslo Børs and 14 February 2025 on the New York Stock Exchange [2] Group 2 - The record date for the dividend payment is 14 February 2025, and the payment date is scheduled for 28 February 2025 [2] - The date for the announcement of the cash dividend per share in NOK will be communicated on 20 February 2025 [2] - This information is published in accordance with the Continuing Obligations and the disclosure requirements of the Norwegian Securities Trading Act [3]

Core Viewpoint - Equinor (EQNR) is currently positioned as a more attractive investment compared to Phillips 66 (PSX) based on various valuation metrics and analyst outlooks [1][3]. Valuation Metrics - EQNR has a forward P/E ratio of 7.13, significantly lower than PSX's forward P/E of 18.47, indicating that EQNR may be undervalued [5]. - The PEG ratio for EQNR is 0.61, while PSX has a PEG ratio of 4.62, suggesting that EQNR offers better value relative to its expected earnings growth [5]. - EQNR's P/B ratio stands at 1.54, compared to PSX's P/B of 1.74, further supporting the notion that EQNR is a more favorable investment option [6]. Analyst Ratings - EQNR holds a Zacks Rank of 2 (Buy), reflecting a positive earnings estimate revision trend, while PSX has a Zacks Rank of 5 (Strong Sell), indicating a less favorable outlook [3][6]. - The Value grade for EQNR is A, whereas PSX has a Value grade of D, highlighting the superior valuation characteristics of EQNR [6].

Core Points - Equinor ASA shares will be traded on the Oslo Stock Exchange excluding the third quarter 2024 cash dividend starting today [1] - The ex-dividend date is set for February 13, 2025 [1] - The ordinary cash dividend amount is $0.35 and the extraordinary cash dividend amount is also $0.35, both announced in USD [1]

Core Viewpoint - Equinor ASA has initiated a share buy-back program, purchasing a total of 1,200,000 shares at an average price of NOK 266.0754 per share from February 6 to February 7, 2025, with a total transaction value of NOK 319,290,480 [1][2]. Summary by Sections Share Buy-Back Program - The first tranche of the 2025 share buy-back program was announced on February 5, 2025, and will last until no later than April 2, 2025 [1]. - The total number of shares repurchased during this tranche is 1,200,000 [2]. Transaction Details - On February 6, 2025, Equinor purchased 600,000 shares at a weighted average price of NOK 269.0584, totaling NOK 161,435,040 [2]. - On February 7, 2025, another 600,000 shares were purchased at a weighted average price of NOK 263.0924, amounting to NOK 157,855,440 [2]. - The overall average price for the shares bought back during this period is NOK 266.0754 [2]. Ownership Post Transactions - Following the completion of these transactions, Equinor ASA now owns a total of 69,743,662 shares, representing 2.50% of its share capital [2]. - Excluding shares under Equinor's share savings program, the company owns 62,356,027 shares, which corresponds to 2.23% of the share capital [2]. Regulatory Compliance - The information disclosed is in accordance with the EU Market Abuse Regulation and the Norwegian Securities Trading Act [3].

Company Overview - Equinor ASA is one of the largest oil companies globally, with a market capitalization exceeding $65 billion [2] Recent Performance - The company has recently experienced a decline in a weak price environment following the reporting of its Q4 results [2] Investment Strategy - The Value Portfolio focuses on constructing retirement portfolios using a fact-based research strategy, which includes thorough analysis of 10Ks, analyst commentary, market reports, and investor presentations [2]

Allocation of shares to certain primary insiders and their close associates in Equinor (OSE: EQNR, NYSE: EQNR) under Equinor’s share savings plan. Certain primary insiders, and their close associates, participating in Equinor’s share savings plan, have on 7 February 2025 been allocated bonus shares. Details on individual allocation of shares to the primary insiders and their close associates are set forth in the attached notification. This information is subject to disclosure obligations pursuant to the EU ...

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Equinor ASA (EQNR) reported fourth-quarter 2024 adjusted earnings per share (EPS) of 63 cents, which missed the Zacks Consensus Estimate of 73 cents. The bottom line declined from the year-ago quarter’s 64 cents.Total quarterly revenues of $27,654 million declined from $29,054 million in the prior-year quarter. The top line also missed the Zacks Consensus Estimate of $28,164 million.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The weak quarterly results can be attributed to lower p ...

Investors were hardly energetic about Norwegian energy company Equinor (EQNR -5.37%) on Wednesday. They traded out of the stock to the point where it lost more than 5% of its value. The sell-off came on the heels of the company's latest earnings release. Other stocks fared better, as the S&P 500 index closed in positive territory with a nearly 0.4% rise.Top- and bottom-line slumpsEquinor, which reports in U.S. dollars, saw its fourth-quarter revenue dip by 5% year over year to $27.65 billion. Non-GAAP (adju ...

Financial Data and Key Metrics Changes - The company reported a return on capital employed of 21% for the year, with cash flow from operations reaching $18 billion after tax, exceeding initial expectations [21][88] - For 2025, the board announced a total capital distribution of $9 billion, which includes a $0.02 increase in the quarterly cash dividend and $5 billion for share buybacks [19][63] - The cash-neutral price after all investments is now at $50 per barrel, which is $5 lower than the previous year [61] Business Line Data and Key Metrics Changes - Strong production from the Norwegian continental shelf significantly contributed to the overall results, with international upstream business undergoing changes due to large transactions [22][81] - The company expects more than 10% growth in oil and gas production from 2024 to 2027, with an increase in expected production in 2030 to around 2.2 million barrels per day [36][81] - The renewables and low-carbon solutions segment has seen a reduction in CapEx by 50% compared to last year's outlook, with a focus on high-return projects [30][46] Market Data and Key Metrics Changes - Global oil demand is expected to exceed 100 million barrels per day throughout this decade, with gas demand anticipated to remain above current levels until 2050 [23][24] - The company is well-positioned to create value amidst geopolitical tensions and market uncertainties, leveraging a robust financial position and a flexible project portfolio [26][27] Company Strategy and Development Direction - The company aims to deliver industry-leading returns and has adapted its strategy to focus on optimizing its portfolio and reducing CapEx [17][20] - A commitment to reducing emissions while maintaining production levels is central to the company's strategy, with a target of a 50% reduction by 2030 [53][54] - The company has retired its gross CapEx ambition, emphasizing a balanced and financially sustainable approach to the energy transition [54] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of adaptability in the face of uneven energy transition and market volatility, stating that the company is set to create value from these conditions [28][29] - The company expects to generate $23 billion in free cash flow from 2024 to 2027, with a focus on maintaining a competitive capital distribution [29][75] - Management expressed confidence in the long-term viability of projects like Rosebank and Empire Wind, despite political risks [112][113] Other Important Information - The company achieved its best safety results ever, with a serious incident frequency reduced to 0.3%, a 73% decrease since 2011 [9][10] - The company has a robust balance sheet with over $23 billion in cash and a net debt ratio of 11.9% [91] Q&A Session Questions and Answers Question: Changes in renewable strategy and decision-making process - Management acknowledged that the strategy for renewables and low carbon has evolved due to market conditions and project evaluations, leading to a more cautious approach in bidding and project execution [100][102] Question: Production growth targets and balance sheet trajectory - The company expects production growth to come primarily from organic developments, with a focus on maintaining a strong balance sheet and gearing within the 15% to 30% range [117][103] Question: Performance of the Johan Sverdrup field and future production - Management indicated that the recent performance of wells and ongoing recovery efforts have allowed for an extension of the production plateau at the Sverdrup field [106][109] Question: Political risks associated with major projects - Management addressed the political landscape's impact on projects like Rosebank and Empire Wind, emphasizing the importance of regulatory stability for investment decisions [112][114]