Oil majors target USD 38bn in share buybacks

In addition to the buybacks, USD 50bn are expected returned to shareholders via dividends, reports the Financial Times. The sum could grow if oil prices surge further.

by marketwire, translated by jonas sahl hollænder

The seven Big Oil supermajors are targeting share buybacks for a record-high sum this year as the companies are able to generate huge profits and increase investor returns due to sky-high oil and gas prices, reports the Financial Times.

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