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Our dividend

Dividend policy

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.

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.

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

Press release for the Capital Markets Day on 15 June 2021.

USD 0.20

Q4 cash dividend

USD 0.20

Q4 extraordinary dividend

12 May

Ex. dividend (OSE and NYSE)

27 May

Next payment

Dividend dates and payments

As of 1 January 2019, new rules concerning the application of a lower withholding tax rate than 25 percent will apply on dividend distributions from Norwegian companies to foreign shareholders.

For further details, please see link  here. We recommend you to contact your broker for further details.

Dividend amount

From and including the third quarter of 2015, dividend is declared in USD, and the NOK dividend will be calculated and communicated four business days after the record date for Oslo Børs shareholders. The NOK dividend will be based on average USD/NOK fixing rates from Norges Bank in the period plus/minus three business days from record date, in total seven business days.

The dividend for the second quarter of 2015 is declared in USD in order to achieve exact NOK 1.80, using the official USD/NOK fixing rate from Norges Bank on 27 July 2015.

OSE – Quarterly dividend payments

2021

Quarter

Cash
dividend

Announcement
date

Ex-dividend
date

Record
date

Payment
date

Exchange
rate

Cash
dividend
NOK

Q4 2021 0.20 USD 09.02.2022 12.05.2022 13.05.2022 27.05.2022 20.05.2022 20.05.2022
0.20 USD (extraordinary dividend)
Q3 2021 0.18 USD 27.10.2021 11.02.2022 14.02.2022 25.02.2022 8.8580 1.5944
Q2 2021 0.18 USD 28.07.2021 11.11.2021 12.11.2021 24.11.2021 8.6513 1.5572
Q1 2021 0.15 USD 29.04.2021 11.08.2021 12.08.2021 27.08.2021 8.8718 1.3308

NYSE – Quarterly dividend payments

2021

Quarter

Cash dividend
USD

Announcement
date

Ex-dividend
date

Record
date

Payment
date

Q4 2021 0.20 USD 09.02.2022 12.05.2022 13.05.2022 27.05.2022
0.20 USD (extraordinary dividend)
Q3 2021 0.18 USD 27.10.2021 11.02.2022 14.02.2022 25.02.2022
Q2 2021 0.18 USD 28.07.2021 10.11.2021 12.11.2021 24.11.2021
Q1 2021 0.15 USD 29.04.2021 11.08.2021 12.08.2021 27.08.2021

Historic dividend

Historic dividend (XLSX)

Share buyback

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

The Annual General Meeting in Equinor ASA on 11 May 2021 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 75,000,000, the minimum price that can be paid for shares is NOK 50, and the maximum price is NOK 500. The authorisation is valid until the earlier of 30 June 2022 and the annual general meeting in 2022.

Equinor ASA and the Norwegian State represented by the Ministry of Petroleum and Energy 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.