Dividend policy, Board and AGM approval

The Board approves Q1—Q3 interim dividends based on an authorisation from the Annual General Meeting (AGM), while the AGM approves the Q4 (and total annual) dividend based on a proposal from the Board.

When deciding the interim dividends and recommending the total annual dividend level, the Board will take into consideration expected cash flow, capital expenditure plans, financing requirements and appropriate financial flexibility.

It is our ambition to grow the annual cash dividend, measured in USD per share, in line with long term underlying earnings. We announce dividends on a quarterly basis.

In addition to cash dividend, Equinor intends to buy back shares as part of total distribution of capital to the shareholders.

Share buyback

Share buybacks are an integrated part of the Equinor dividend policy.

The Annual General Meeting in Equinor ASA on 14 May 2025 authorised the board of directors to acquire own shares in the market. According to the authorisation, the maximum number of shares to be purchased in the market is 84,000,000, the minimum price that can be paid for shares is NOK 50, and the maximum price is NOK 1000. The authorisation is valid until the earlier of 30 June 2026 and the annual general meeting in 2026.

Equinor ASA and the Norwegian State, represented by the Ministry of Trade, Industry and Fisheries, have entered into an agreement which regulates the redemption and annulment of a proportional share of the State's shares, ensuring that the State's owner interest in Equinor ASA remains unchanged.