Despite revising downwards its expected returns in offshore wind, Equinor confirmed its strategic shift (i.e. more renewables, stable hydrocarbon). The 12-16GW target is advanced by five years and hydrocarbon production is set at a 2% CAGR for 2021-26 in Norway (against 3% CAGR for the whole portfolio previously). The quarterly dividend is increased to $0.18 per share (from $0.15) but remains 30% below 2019’s. The company is also starting a share buy-back programme, with $600m this year, and $1. ....
15 Jun 2021
CMD: offshore at heart
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CMD: offshore at heart
- Published:
15 Jun 2021 -
Author:
Kevin VO -
Pages:
3
Despite revising downwards its expected returns in offshore wind, Equinor confirmed its strategic shift (i.e. more renewables, stable hydrocarbon). The 12-16GW target is advanced by five years and hydrocarbon production is set at a 2% CAGR for 2021-26 in Norway (against 3% CAGR for the whole portfolio previously). The quarterly dividend is increased to $0.18 per share (from $0.15) but remains 30% below 2019’s. The company is also starting a share buy-back programme, with $600m this year, and $1. ....