Equinor projects $10 bln negative cash flow in 2024
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OSLO, Feb 7 (Reuters) - Norway's Equinor expects to see a negative cash flow in 2024 of $10 billion due to its high cash distribution to shareholders, Chief Financial Officer Torgrim Reitan told Reuters on Wednesday.
The group's overall dividends and share buybacks, which are projected to amount to $14 billion in 2024, will raise the company's net debt to a positive territory by year-end from the current level of -22%, he added. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
