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