The Q1 results were slightly above consensus following an exceptional quarter on the back of higher oil and record European gas prices. No update on capital distribution, with the group starting a $1.33bn share buyback programme as part of the $5bn announced in Q4. We shall have to await the H1 results for an update but clearly Equinor has the ability to do more with its $8bn net cash position, whether in the form of buybacks or m&a in renewables.
04 May 2022
Q1: sticking to the plan
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Q1: sticking to the plan
- Published:
04 May 2022 -
Author:
Kevin VO -
Pages:
2
The Q1 results were slightly above consensus following an exceptional quarter on the back of higher oil and record European gas prices. No update on capital distribution, with the group starting a $1.33bn share buyback programme as part of the $5bn announced in Q4. We shall have to await the H1 results for an update but clearly Equinor has the ability to do more with its $8bn net cash position, whether in the form of buybacks or m&a in renewables.