Is Equinor ASA (EQNR) The Best Energy Dividend Stock to Buy Now?

Equinor ASA (NYSE:EQNR) is one of the best energy dividend stocks to invest in now.

On June 16, Equinor ASA (NYSE:EQNR) affirmed plans to double its 2026 share buyback program to $3 billion, up from $1.5 billion. It also plans to introduce a more predictable framework for annual buybacks of $2 billion to $4 billion by early next year. The company also plans to increase its quarterly cash dividend per share by more than 5% as part of its commitment to returning value to shareholders.

The proposed buyback and cash dividend increase is from chief executive officer Anders Opedal, who reiterates that the company is positioned to benefit from continued growth in global energy demand. It also comes amid a push to leverage the portfolio across oil, gas, power generation, and marketing. The company is on course to increase its total production by about 150,000 barrels per day to 2.3 million boepd by 2030.

Equinor ASA (NYSE:EQNR) is a multinational energy company that explores for, produces, and markets petroleum products, while heavily investing in renewable energy and low-carbon technologies. The company is actively shifting its portfolio to achieve net-zero emissions by 2050.

While we acknowledge the risk and potential of EQNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EQNR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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