On 14 May 2024, the annual general meeting in Equinor ASA ((OSE: EQNR, NYSE:EQNR) approved the annual report and accounts for Equinor ASA and the Equinor group for 2023, as proposed by the board of directors. Further, the annual general meeting approved an ordinary dividend of US dollar (USD) 0.35 per share and an extraordinary dividend of USD 0.35 to be distributed for the fourth quarter of 2023. The fourth quarter 2023 dividend accrues to the shareholders as registered in Equinor's shareholder register wi ...

MF3d Standard Lithium Ltd. (NYSE:SLI) announced some rather large news recently. In this article, we are going to explore the partnership with Equinor (EQNR) and what it means for SLI from a big picture viewpoint. Note: If you want a detailed explanation of the Standard Lithium projects, please read our coverage from last month. That explains in great detail all project costs and should be considered "required reading" for those not familiar with Standard Lithium. Acceleration of The Lanxess Project In ...

Equinor ASA (EQNR) has announced a major investment in lithium, the critical mineral powering the electric vehicle (“EV”) revolution. The company has acquired a 45% share in two lithium project companies based in Southwest Arkansas and East Texas, previously managed by Standard Lithium Ltd.Per the deal, Equinor will pay Standard Lithium $30 million to cover past expenses related to the projects proportional to the acquired interest. Moreover, Equinor has committed to carrying $33 million in capital expendit ...

VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. ("Standard Lithium" or the "Company") (TSXV:SLI) (NYSE:SLI) (FRA:S5L), a leading near-commercial lithium development company, today announced the closing of a landmark strategic partnership (the "Transaction") with Equinor ASA (NYSE:EQNR), a multinational energy company and recognized leader in renewables and low-carbon solutions, to accelerate the development of Standard Lithium's large-scale, sustainable lithium projects i ...

Equinor ASA (EQNR) , the Norwegian state-owned energy giant, has announced a strategic collaboration with SLB (SLB) and the Subsea Integration Alliance, including OneSubsea and Subsea7 (SUBCY) , to advance exploratory efforts in Norway's Wisting field and Canada's Bay du Nord field.The agreement, which was signed in Stavanger, Norway, marks a significant step forward in the development of these offshore projects. It lays the groundwork for early information exchange, technological innovation and collaborati ...

Equinor ASA (EQNR) reported first-quarter 2024 adjusted earnings per share of 96 cents, which beat the Zacks Consensus Estimate of 78 cents. However, the bottom line declined from the year-ago quarter’s figure of $1.13.Total quarterly revenues declined to $25,135 million from $29,224 million in the prior-year quarter. However, the top line beat the Zacks Consensus Estimate of $25,030 million.Better-than-expected quarterly results can be attributed to increased production across major segments. This was part ...

Financial Data and Key Metrics Changes - The company reported adjusted operating income of $7.5 billion before tax and a net income of $2.7 billion, with cash flow from operations of $9.7 billion and $5.8 billion after tax, while earnings per share were 96 cents [33][32][34] - The company has a solid financial position with over $37 billion in cash and cash equivalents and a net debt to capital employed of negative 20% [24][32] - The company expects cash flow from operations of around $17.5 billion after tax for the year, despite lower gas prices, and anticipates returning to around $20 billion next year [23][32] Business Line Data and Key Metrics Changes - International production grew around 3%, driven by partner-operated fields in the U.S. Gulf of Mexico, the UK, and Angola, while U.S. onshore gas production decreased [18][32] - The MMP segment delivered results above the guided range at $887 million, with strong contributions from liquids and LNG trading [20][32] - Renewable energy assets contributed $46 million in the quarter, although the adjusted operating income for the segment was negative as expected [21][32] Market Data and Key Metrics Changes - Oil prices increased throughout the quarter, while gas prices decreased by approximately 50% compared to the same quarter last year [39][32] - European gas market dynamics have shifted from being pipe gas priced to LNG priced, with long-term expectations for prices around $10 per BTU [77][32] Company Strategy and Development Direction - The company is focused on cutting emissions while investing, with a recent reduction of CO2 by 160,000 tons per year leading to $27 million in reduced operational expenses [14][32] - The company aims to grow cash dividends by $0.02 annually and has a two-year share buyback program of $10-12 billion, with $6 billion allocated for 2024 [16][32] - The company is prioritizing value creation over volume, particularly in the context of production curtailments [38][32] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of stable and predictable framework conditions in the UK, expressing concerns over potential changes from a labor government [53][32] - The company expects to maintain a strong focus on cost control and prioritization, working closely with partners and suppliers [22][32] - Management noted that the production guidance for the year includes anticipated declines from the Johan Sverdrup field, which is expected to come off plateau towards the end of this year or early next year [51][32] Other Important Information - The company experienced a tragic helicopter accident in February, emphasizing the need for safety as a top priority [17][32] - The company has high-graded its U.S. onshore gas position through a transaction with EQT, swapping operatorship for non-operated interests in a lower breakeven area [14][32] Q&A Session Summary Question: What should be modeled for spare production in 2025? - Management acknowledged the complexity of the field and operations but did not provide specific guidance on production levels for 2025 [1] Question: Can you provide insights on the exposure to LNG pricing? - Management confirmed a significant exposure to LNG pricing through existing contracts but stated no plans to build a significant LNG business beyond current operations [5] Question: What are the expectations for Johan Sverdrup's production post-plateau? - Management indicated that Johan Sverdrup is designed for massive water handling and expects production to decline as anticipated [28][51] Question: What risks does the company see with a potential labor government in the UK? - Management expressed that changes proposed by a labor government could create uncertainties, impacting risk management and capital allocation [53] Question: What is the impact of the EQT deal on production? - The EQT transaction is expected to add around 15,000 barrels per day in increased production, with lower breakeven and emissions [109] Question: How does the company view the European gas market? - Management noted that European gas demand is currently down but adjusted for temperature, there has been an increase in demand, and they are monitoring the impact of sanctions on Russian LNG [94][32]

Open Torgrim Reitan Chief financial officer Highlights 0.96 USD − Solid financial results and cashflow − MMP delivering above guided range − Power-from-shore to the Sleipner and Gudrun fields on NCS − Empire Wind 1 awarded new offtake agreement − Ordinary cash dividend of USD 0.35 per share and extraordinary dividend of USD 0.35 per share. Second tranche of the share buy back of up to USD 1.6 billion 7.5 BN USD 2.7 BN USD 5.8 BN USD Adjusted earnings per share Open 25 April 2024 Serious Incident Frequency ( ...

Equinor ((OSE: EQNR, NYSE:EQNR) will after the annual general meeting 14 May 2024 commence the second tranche of up to USD 1.6 billion of the share buy-back programme for 2024, as announced in relation with the first quarter results 25 April 2024. Execution of share buy-back under this second tranche is subject to renewal of a board authorisation for share buy-back from the annual general meeting 14 May 2024 and agreement with the Norwegian State regarding share buy-back. In this second tranche of the share ...

Key information relating to the cash dividend to be paid by Equinor ((OSE: EQNR, NYSE:EQNR) for first quarter 2024. Ordinary cash dividend amount: 0.35 Extraordinary cash dividend amount: 0.35 Announced currency: USD Last day including rights: 15 August 2024 Ex-date Oslo Børs: 16 August 2024 Ex-date New York Stock Exchange: 19 August 2024 Record date: 19 August 2024 Payment date: 28 August 2024 Date of approval: 24 April 2024 Other information: The cash dividend per share in NOK will be communicated 23 Augu ...