Equinor ASA Capital Markets Day 2026

Equinor ASA presented its strategy to increase energy production, grow cash flow, and enhance shareholder returns at its Capital Markets Day 2026. The company announced a doubling of its 2026 share buy-back program to USD 3 billion and introduced a more predictable framework for annual share buy-backs starting in 2027, aiming for USD 2-4 billion annually. Equinor also intends to continue growing its quarterly cash dividend by over 5% per share each year. Key strategic priorities include maximizing value from the Norwegian continental shelf (NCS), focused growth in international oil and gas, building a competitive integrated power business, and increasing value through trading and market optimization. The company projects production growth to 2.3 million boe per day by 2030, with increased output from the NCS and international operations. Investments are planned to support high-return oil and gas projects, with a significant portion allocated to the NCS. Equinor aims for a return on average capital employed (ROACE) above 15% annually from 2026-2030 and plans to reduce operated emissions by 50% by 2030 while increasing oil and gas production.