Major oil companies, including Big Oil firms, have offered record returns to lure investors back, with a $114 billion investor payout being the most ever. This move aims to reassure investors of their discipline and resilience in the face of an uncertain outlook. Management teams have reined in spending on new projects to free up cash, leading to higher cash returns and ramping buybacks to lift low stock valuations. Additionally, Big Tech is also bringing in more cash than ever before, potentially adding fuel to a stock rally.
The recent US stock rally has shifted from one concentrated in a small handful of megacap tech stocks to one with significantly greater breath. https://t.co/0X1xw8lPuc
'Oil supermajors returned more cash to shareholders than ever before last year as management teams reined in spending on new projects to free up cash for dividends and buybacks.' https://t.co/HndgHs0LFs https://t.co/iBLuLVkOZ2
Big Tech is bringing in more cash than ever before, priming the group to return money to shareholders and potentially adding fuel to a rally that’s already sent most of the group into record territory. https://t.co/GgnjNjtLnx
Big Oil’s Blockbuster $114 Billion Investor Payout Is Most Ever Cash return was 76% higher than during the $100-a-barrel era Executives are ramping buybacks to lift low stock valuations #oott https://t.co/kzXaHkDKqq
Major oil companies returned more cash to shareholders than ever before last year as management teams reined in spending on new projects to free up cash. There may be more to come https://t.co/py0bYBCvpt
Big Oil offers record returns to lure investors back #oott https://t.co/8XjqqAyupL
Big Oil offers record returns to lure investors back https://t.co/jAUlT9U883 https://t.co/bForWGAL6D
⚠️ BIG OIL OFFERS RECORD RETURNS TO LURE INVESTORS BACK (Reuters) Big Oil firms are handing shareholders more money than ever and are promising more going forward in an attempt to reassure investors of their discipline and resilience in the face of an uncertain outlook for… https://t.co/os9dEZtCRp