Equinor CFO Says `No News' on Buybacks, Will Maintain Exploration Target

The transcript covers an interview with Equinor's CFO discussing the company's recent earnings, capex plans, exploration activities, debt situation, dividend policy, and market outlook. Equinor plans to maintain a capex of $11 billion, focusing on project completions and exploration wells, particularly in Norway and Brazil. The company's debt profile shows a slight increase due to currency effects and investments. While the dividend policy remains firm, the scope for share buybacks is emerging. The market outlook anticipates volatility in oil prices, with a focus on maintaining a strong development portfolio.

What is the total capital expenditure Equinor plans to maintain for the year?

• $15 billion

• $13 billion

• $11 billion

• $9 billion

How many exploration wells does Equinor plan to drill, and where will the majority be located?

• 25 wells, mostly in Russia

• 35 wells, mostly in the UK

• 40 wells, mostly in Norway

• 30 wells, mostly in Brazil

What was the reason for the slight increase in Equinor's net debt ratio?

• Negative currency effects and increased working capital

• Reduction in exploration activities

• Higher dividend payouts

• Decrease in oil prices

What is Equinor's ambition level for their net debt ratio?

• 20% to 35%

• 15% to 30%

• 10% to 20%

• 5% to 10%

What is Equinor's current stance on share buybacks?

• They have no plans for buybacks currently

• They are considering buybacks in the near term

• They have announced a buyback program

• They have completed a buyback recently

What was the average price of oil in Q2 according to Equinor?

• $65

• $70

• $80

• $75

What is Equinor's dividend policy?

• To grow dividends in line with earnings

• To maintain dividends regardless of earnings

• To reduce dividends annually

• To eliminate dividends in favor of buybacks