Harbour Energy plc today started to buy back its own ordinary shares for up to a maximum aggregate value of $250 million (£185.6m).
The company announced the news in its 2026 half year results, which showed “excellent” operational performance and record production of more than 500,000 barrels per day.
Outlook for its free cash flow for the year has increased to $1.8 billion, which allows Harbour to reduce further its debt and buy back shares.
The company was granted authority, at its annual general meeting in May 2026, to buy back up to a maximum of 236,805,964 shares.
As at 3 August 2026, the independent oil and gas company’s issued share capital comprised 1,580,316,637 ordinary shares of 0.002 pence.
All the shares bought in the programme, expected to end no later than 5 March 2027, will be cancelled.
Harbour produces an aggregate of 475,000 to 500,000 barrels of oil equivalent per day from its sites in Europe, the North Sea, South and Central America and Asia.