What is Equinor's updated share buyback amount for this year, and what triggered the increase?

Equinor has doubled its planned share buybacks for this year to $3 billion, up from the $1.5 billion projected in February, following the U.S.-Israeli attack on Iran—which intensified the Middle East conflict, boosted oil and gas prices, and sharply increased the company's earnings.

What are Equinor's key financial and production targets through 2030 as outlined in its strategy update?

Equinor aims to increase its oil and gas output by 150,000 barrels of oil equivalent per day (boed) by 2030—reaching a total of 2.3 million boed—and plans to raise its quarterly cash dividend by 5% per year; it also intends to conduct annual share buybacks of $2 billion to $4 billion starting in 2027, contingent on oil prices of $60–$80/barrel, European gas prices of $7–$11/MMBtu, balance sheet strength, and macroeconomic conditions.

Equinor Doubles Share Buyback as Iran War Boosts Cash Flow

Jun 16, 2026

Equinor raises share buybacks to $3 billion following Middle East conflict-driven price hikes, projecting 150,000 boed output growth by 2030 and 5% annual dividend increases.

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