Equinor stock gains on fresh buy-back and lithium offtake deal

Equinor (ISIN NO0010096985) stock is trading close to record territory as of September 1, 2026, with its New York ADR reaching an all-time high of 43.48 USD and moving within about 1 percent of its 52-week peak, according to data reported by Investing.com.

New 2026 buy-back tranche supports the share

Equinor has kicked off the third tranche of its 2026 share buy-back program, underpinning demand for the stock as of September 1, 2026, as highlighted in a notice distributed via Yahoo Finance.

According to transaction details summarized by StockTitan, Equinor repurchased 720,516 shares on the market between August 24 and August 28, 2026, at an average price of NOK 388.0749 per share, for a total consideration of NOK 279,614,171.81 in this period.

Stock price near highs on Oslo and Frankfurt

On the primary Oslo listing, Equinor shares were quoted at NOK 402.50 at 10:20 a.m. CEDT on September 1, 2026, up NOK 3.10 or 0.78 percent on the day, based on market data compiled by Barrons.

The German-traded Equinor share on the Frankfurt venue (ticker DNQ.F) was quoted at 36.70 in EUR, up 0.97 EUR or 2.71 percent as of 6:55 p.m. CEDT on September 1, 2026, according to the quote overview at Yahoo Finance, providing a clear DACH-market reference for local investors.

Lithium offtake agreement adds growth angle

Beyond oil and gas, Equinor is also building exposure to the energy-transition value chain: the company and project partner Standard Lithium have signed a second binding offtake agreement for the SW Arkansas lithium project, with Korean battery manufacturer LG Energy Solution reported as the counterparty in a sector update by OilPrice.com dated September 1, 2026.

The same report notes that this second offtake agreement marks a significant step towards a final investment decision on the SW Arkansas project later in 2026, signaling how Equinor is positioning itself for long-term battery-materials demand alongside its core upstream portfolio.

Representative business: Johan Sverdrup field

One representative asset for Equinors business model is the Johan Sverdrup oil field on the Norwegian Continental Shelf, which has been a major contributor to the companys production volumes and cash flow in recent years, according to segment overviews such as the profile at MarketScreener.

Equinor stock in summary

As of September 1, 2026, Equinor stock is trading at 36.70 EUR on the Frankfurt exchange and at NOK 402.50 in Oslo, while the ADR in New York has reached an all-time high of 43.48 USD, underpinned by active share buy-backs and a growing pipeline of energy-transition projects.