STOHF - Equinor Q1 2024 Update: 10%-Yielding Cash Cow

2024-05-17 09:15:00 ET

Summary

• Equinor ASA emerged as a major regional supplier of natural gas to Europe following the Russian invasion of Ukraine in 2022.
• The company had a record year in 2022, which has made for tough comps.
• Equinor plans to end extraordinary dividends after 2024 and increase the quarterly dividend by $0.02/share annually. A 2-year share buyback program of $10-12B in total, with $6B allocated for 2024.

With the Russian invasion of Ukraine in 2022, Norwegian oil major Equinor ASA ( EQNR ) (STOHF) emerged as the new preeminent regional supplier of natural gas to Europe....

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