Dividend : The board of directors declared a first-quarter ordinary cash dividend per share of $0.37, payable on August 29, to shareholders of record as of August 19. Repurchase : The board has launched the second tranche of its share buyback program of up to $1.265 billion, running until July 21 2025. Equinor had earlier launched a share buyback program of up to $5 billion for 2025, including shares to be redeemed from the Norwegian State, completing its two-year plan for 2024 – 2025 announced in February 2024. Equinor clocked a total power generation of 0.76 TWh from the renewable portfolio in the quarter. Equinor reported an adjusted operating income of $8.65 billion in the quarter, with $7.45 billion from E&P Norway, $531 million from E&P International, and $511 million from E&P USA. Operating cash flow (after taxes paid) stood at $7.39 billion in the quarter. Outlook : Equinor expects organic capital distributions of around $13 billion in 2025, including $9 billion in cash return (buybacks/dividends).