Equinor ASA (BSP:E1QN34)

R$ 73.35 -0.15 (-0.2%) Market Cap: 214.61 Bil Enterprise Value: 179.34 Bil PE Ratio: 8.77 PB Ratio: 1.66 GF Score: 68/100

Equinor ASA To Launch A Share Buy-Back Programme Untill The End Of 2022 Analyst Call Transcript

Sep 05, 2019 / 06:45AM GMT

Transcript

Peter Hutton

Equinor ASA - SVP of IR

Good morning, ladies and gentlemen, and thank you for joining Equinor on this call this morning at fairly short notice, I appreciate, and relating to our announcements this morning on Sverdrup and the share buyback program.

With us on the call, I'm delighted to introduce Lars Christian Bacher, the CFO; Svein Skeie, Head of Performance Management; and Russ Alton, Head of Finance. And with that, I pass you straight over to Lars Christian. Many thanks.

Lars Christian Bacher

Equinor ASA - Executive VP & CFO

Thank you, Peter. Good morning, everyone, and thank you for joining us on such short notice. As you have seen today, Equinor launched an up to $5 billion share buyback program, materially increasing capital distribution to our shareholders.

The program is launched from a position of strength. First of all, we have a strong balance sheet with a net debt ratio around 20%, cash and cash equivalents of around USD 15, 1-5, billion and a solid credit ratings. Second, we are committed to capital discipline

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