Norway's Equinor to buy back more shares as Iran war boosts cash flow

Equinor

Equinor

EQNR

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OSLO, June 16 (Reuters) - Norway's Equinor EQNR.OL said on Tuesday it will increase its share buybacks, returning more cash to owners as the war in the Middle East has boosted the price of oil and gas and sharply lifted the company's earnings.

Majority state-owned Equinor said in a strategy update it now plans to spend $3 billion on buying back its own shares this year, up from $1.5 billion projected in February before the U.S.-Israeli attack on Iran.


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