Equinor doubled its 2026 share buyback program to $3 billion at its Capital Markets Day. The company raised its 2030 oil and gas production target to 2.3 million barrels of oil equivalent per day (boe/d). Production from the Norwegian Continental Shelf is expected to reach 1.35 million boe/d by 2030.
A new shareholder return framework starting in 2027 includes annual buybacks between $2 billion and $4 billion. These buybacks remain contingent on prevailing oil and gas prices. The company plans to increase its quarterly cash dividend by more than 5% every year.
Equinor projects its international portfolio will generate over $20 billion in free cash flow between 2026 and 2030. This strategy aims to grow overall cash flow and deliver consistent investor returns.