Reported 25 days ago
Despite a challenging year with a 19.5% drop in stock price, Norwegian energy company Equinor (NYSE: EQNR) continues to thrive by returning $14 billion to shareholders in 2024 through dividends and stock buybacks. While it has shifted focus toward renewable energy investments amidst Norway's strict energy policies, it maintains a strong oil and gas portfolio, generating substantial profits. Equinor anticipates future capital returns will be reduced but remains an attractive option for dividend investors, boasting a low price-to-earnings ratio and a potentially solid yield despite changes in its dividend structure.
Source: YAHOO