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Forex news -forex broker review => Forex => Topic started by: forex4you on Mar 11, 2022, 08:28 am

Title: Big Oil Is Planning $38 Billion In Buybacks This Year
Post by: forex4you on Mar 11, 2022, 08:28 am
Big Oil Is Planning $38 Billion In Buybacks This Year

With WTI at over $107 per barrel, and Brent at $111, energy stocks are setting record highs and buybacks are in the air.  Bloomberg reports that a minimum of 21 major North American energy companies engaged in stock buybacks in Q4 2021, and that buybacks continue to gain significant momentum as  of e escalates.  In total, analysts expected big oil to conclude $38 billion in share buybacks this year, and possibly more, with all seven oil supermajors pursuing the return to shareholders based on bumper profits. ...


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