Equinor ASA (ADR)

Equinor reports adjusted earnings of USD 0.78 billion and USD 0.27 billion after tax in the third quarter of 2020. IFRS net operating income was negative USD 2.02 billion and the IFRS net income was negative USD 2.12 billion, following net impairments of USD 2.93 billion mainly due to reduced future price assumptions. Solid results from operations in a low-price environment On track to deliver on USD 3 billion action plan [...]

Executive vice president and chief financial officer Lars Christian Bacher resigns from his position at Equinor ASA with effect from 1 November 2020. Bacher will remain employed with the company until 31 May 2021. Svein Skeie has from the same date been appointed acting executive vice president and chief financial officer, and will, by virtue of this position, be a member of Equinor’s corporate executive committee [...]

Equinor has entered into an agreement with BP to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideration before adjustments of USD 1.1 billion. Through this transaction, the two companies are also establishing a strategic partnership for further growth within offshore wind in the US. Currently Equinor holds a 100% interest in both the Empire Wind lease [...]

Equinor announced on 23 April 2020 dividend per share of USD 0.09 for first quarter 2020. See also separate dividend announcement on 7 May 2020. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 17 August 2020, in total seven business days. Average Norges Bank fixing rate for this period was 8.8921. First quarter 2020 dividend [...]

The Board of Directors of Equinor has appointed Anders Opedal as new president and CEO of Equinor from 2 November 2020. Eldar S?tre will retire after six years as CEO and more than 40 years in the company. "The Board is proud to present Anders Opedal as our next CEO. Equinor is entering a phase of significant change as the world needs to take more forceful action to combat climate change. The board’s mandate is for Anders [...]

Equinor’s financial statements and review for second quarter 2020 was released this morning stating on page 28 that the ex-dividend date for the 2Q2O dividend will be 13 November 2020. The correct date should be 12 November 2020. It was also stated that the record date is 19 November 2020, but the correct date should be 13 November 2020. Both these corrections are in line with the formal second quarter dividend [...]

Equinor’s financial statements and review for second quarter 2020 was released this morning stating on page 28 that the ex-dividend date for the 2Q2O dividend will be 13 November 2020. The correct date should be 12 November 2020. It was also stated that the record date is 19 November 2020, but the correct date should be 13 November 2020. Both these corrections are in line with the formal second quarter dividend [...]

Key information relating to the cash dividend to be paid by Equinor for second quarter 2020. Dividend amount: 0.09 Declared currency: USD Last day including rights: 11 November 2020 Ex-date: 12 November 2020 Record date: 13 November 2020 Payment date: 25 November 2020 Other information: Dividend per share in NOK will be communicated 19 November 2020 This information is published in accordance with the requirements of the [...]

Equinor reports adjusted earnings of USD 0.35 billion and USD 0.65 billion after tax in the second quarter of 2020. IFRS net operating income was negative USD 0.47 billion and the IFRS net income was negative USD 0.25 billion. The second quarter was characterised by Financial results impacted by the Covid-19 pandemic and very low commodity prices. Strong trading results, capturing significant value in volatile markets [...]

In line with the objective for the share buy-back programme which was executed by Equinor ASA in the period 4 September 2019 until 4 February 2020, the annual general meeting on 14 May 2020 in Equinor ASA decided that the share capital shall be reduced with NOK 202,433,780 from NOK 8,346,653,047.50 to NOK 8,144,219,267.50, by deletion or redemption of total 80,973,512 shares. The creditor deadline for the capital [...]