2nd quarter 2024 results Open Torgrim Reitan Chief financial officer 7.7 BN USD Highlights Financial and operational performance − Solid financial results Strategic progress − Continued high-grading of oil and gas portfolio Delivering strong capital distribution − Expected total capital distribution in 2024 of USD 14 billion Adjusted operating income Net income Year-to-date Cashflow from operations after tax Open 24 July 2024 Safety: performance indicators 1,1 0,9 0,7 0,6 0,6 0,7 0,5 0,5 0,6 0,5 0,4 0,4 0,4 ...

Christopher Kuplent That's fine. Thank you very much. Bard Glad Pedersen Thank you. Let's move on to Jason Gabelman from TD Cowen. Jason, please the mic is open. Jason Gabelman Yes, hey, thanks for taking my question. Just one quick one for me. Next year, you have a $2 billion range for shareholder distributions. Can you just talk about what the factors are, what do you consider the low end or the high end of the range? Is it commodity prices? Is it things like Empire Wind farm down? Is there kind of one or ...

Further information from: The purpose of the share buy-back programme is to reduce the issued share capital of the company. All shares purchased as part of the third tranche for 2024 will thus be cancelled through a capital reduction at the annual general meeting of the company in May 2025. In this third tranche of the share buy-back programme for 2024, shares for up to USD 528 million will be purchased in the market, implying a total third tranche of up to USD 1.6 billion including shares to be redeemed fr ...

Equinor (OSE: EQNR, NYSE: EQNR) will on 25 July 2024 commence the third tranche of up to USD 1.6 billion of the share buy-back programme for 2024, as announced in relation with the second quarter results 24 July 2024. In this third tranche of the share buy-back programme for 2024, shares for up to USD 528 million will be purchased in the market, implying a total third tranche of up to USD 1.6 billion including shares to be redeemed from the Norwegian State. The tranche will end no later than 22 October 2024 ...

Ordinary cash dividend amount: 0.35 Ex-date Oslo Børs: 18 November 2024 Date of approval: 23 July 2024 Announced currency: USD Record date: 19 November 2024 This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act. Extraordinary cash dividend amount: 0.35 Ex-date New York Stock Exchange: 19 November 2024 Other information: The cash dividend per share in NOK wi ...

Continued strong operational performance Solid financial results Cash flow impacted by tax payments in Norway and capital distribution Second quarter ordinary cash dividend of USD 0.35 per share, extraordinary cash dividend of USD 0.35 per share and third tranche of share buy-back of up to USD 1.6 billion Maintain expected total capital distribution for 2024 of around USD 14 billion "Field developments and high production contributes to energy security for Europe. To unlock further long-term value creation, ...

Financial and operational performance New fields on stream on the NCS Continued high grading of oil and gas portfolio Three new CO2 license awards in Norway and Denmark Anders Opedal, President and CEO of Equinor ASA: Strong operational performance Internationally, the Buzzard field in the UK and new wells contributed with new production but was more than offset by lower production from the US due to turnarounds offshore and planned curtailments onshore to capture higher value when demand is higher. Strateg ...

Equinor ASA (EQNR) , a Norwegian energy giant, awarded a substantial drilling contract worth $498 million to Valaris Limited (VAL) , marking a significant move for the Brazilian oil and gas sector. The contract, awarded through Equinor Energy do Brasil Ltda., a subsidiary of Equinor, pertains to operations offshore Brazil under Project Raia. This move is part of the development of the Raia field, with operations expected to commence in 2026. The announcement highlights Equinor's strategic investment in Braz ...

EQNR is the operator of PL 1014, holding an 80% stake in the license. The remaining 20% is owned by OKEA. Per the permit, the entry date has been set for October 2024. Currently, EQNR carries a Zacks Rank #3 (Hold). Equinor ASA (EQNR) has received the green light from the Norwegian Offshore Directorate to drill a wildcat well in the Norwegian Sea. Equinor has been granted the drilling permit for wellbore 6610/7-3 within the Production License (PL) 1014. The Deepwater Atlantic is a sixth-generation semi-subm ...

Project Background and Milestones The project saw the installation of a new subsea template tied into the Kristin platform, now processing oil and gas from the first Lavrans well. The produced gas is exported through the pipeline system to the European market, while the oil is transferred by ship via the Asgard C storage vessel. Notably, the CO2 intensity of Kristin South Phase 1's extraction and production is remarkably low, at less than 1 kg of CO2 per barrel of oil equivalent. Emissions are primarily gen ...