What is the total size and timing of the third tranche of the 2025 share buy-back programme for Equinor?

Answer: The third tranche of Equinor’s 2025 share‑buy‑back programme is sized at up to 2 billion Norwegian crowns (≈ US$190 million) and is slated to be executed between July and September 2025.

Why it matters:

- Fundamental backdrop: The buy‑back adds a modest, but non‑trivial, cash‑return element to Equinor’s capital allocation plan, signalling confidence in the balance sheet and a desire to support the share price amid a relatively flat earnings outlook for 2025.

- Technical impact: Historically, Equinor’s stock reacts positively to buy‑back announcements, with the price often finding short‑term support near the 50‑day moving average. The mid‑year timing aligns with the typical dip in volume after the Q2 earnings season, offering a potential catalyst for a short‑term rally.

- Actionable insight: Traders can consider taking a light‑to‑moderate long position ahead of the July‑September window, targeting a 3‑5 % upside if the stock holds above the 50‑day MA and the broader energy market remains stable. Conversely, a tight stop just below the recent swing low (≈ US$20.30) protects against any adverse macro‑risk shock (e.g., oil‑price volatility).

In short, the 2 bn NOK, Q3‑2025 tranche provides a concrete, near‑term price‑support mechanism that can be used to structure a calibrated, risk‑managed long bias on EQNR ahead of the scheduled buy‑back execution.