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Glonghui, June 16 – Equinor, Norway's state oil company, announced at its Capital Markets Day that it will double the size of its share buyback program for 2026 and has raised its production target for the Norwegian Continental Shelf. The company will increase the 2026 share buyback program from $1.5 billion to $3 billion, with the additional amount to be evenly split between the third and fourth tranches of the planned buybacks. Looking further ahead, the company stated that starting from 2027, annual share buybacks will remain in the range of $2 billion to $4 billion. Equinor also committed to increasing its quarterly per-share cash dividend at a rate of more than 5% per year. In terms of production, the company raised its Norwegian Continental Shelf production target to 1.35 million barrels of oil equivalent per day by 2030, which is 100,000 barrels of oil equivalent per day higher than the previous guidance.

Foresight News reports that MoonPay Trade has added support for Ledger Wallet, allowing users to perform cross-chain transactions without leaving Ledger’s secure environment. Users can directly access this feature in the Swap section of Ledger Wallet.

The S&P 500 Index fell more than 0.1%, the Nasdaq Index dropped over 0.3%, the Nasdaq 100 Index declined more than 0.6%, and the Semiconductor Index lost 1.6%.