Equinor ASA's stock movement today can be attributed to the company's announcement of its first Hydrogen Open Season, which invites interested parties to express their interest in low-carbon hydrogen from the H2M Eemshaven project in the Netherlands. This initiative, launched on December 3, 2024, is part of Equinor's strategy to advance low-carbon hydrogen production and develop value chains in North-West Europe. The project, in collaboration with Linde, aims to reform natural gas into low-carbon hydrogen with over 95% of CO2 captured and stored offshore Norway. This development signals Equinor's commitment to sustainable energy solutions, potentially boosting investor confidence.
Equinor's stock closed at $24.57, reflecting a 1.95% increase from the previous close of $24.10. However, in after-hours trading, the stock slightly declined by 0.2% to $24.52.