The U.S. Federal Trade Commission (FTC) has initiated a second information request regarding ExxonMobil's proposed acquisition of Pioneer Natural Resources, a deal estimated at around $60 billion. This investigation is one of the largest in the energy industry in two decades. Additionally, Mastercard has announced a share buyback program worth $11 billion. ExxonMobil is also planning to increase its share buybacks after the Pioneer deal closes, with projections of $80 billion in surplus cash between 2024 and 2027 assuming $60/bbl oil. Chevron has also increased its project spending budget by 11% for 2024.
$BMY (+1.1% pre) Bristol Myers Squibb boosts stock buyback by $3B following a 5.3% dividend increase - SA https://t.co/29Led7dnCt
$BMY | Bristol Myers Squibb Plans Additional $3B Share Repurchase Authorization - With this increase, the company's total outstanding share repurchase authorization is approximately $5 billion. https://t.co/ldE8XQPPsB
Chevron increases project spending budget 11% for 2024 https://t.co/Ooau6zoAMm https://t.co/Jo3SSw47TL
.@ExxonMobil gives #COP28 last rites by announcing an increase in oil production. https://t.co/QnlRQdp1uy https://t.co/pvNdhMlbnS
While it is useful to look at market level shareholder yield, if you drill down to the stock level it is easy to find lots of stocks around the world with double digit yields... (Referring here to just cash dividends + net stock buybacks.) via @MorganStanley https://t.co/dFW67niSKs
ExxonMobil raises capital spending plans in effort to boost production https://t.co/EheNjPyDQe
Exxon sees big earnings boost from cost cuts, will increase share buybacks after Pioneer deal closes https://t.co/GC883oGoM4
$XOM CEO projects $80BN in surplus cash between 2024 and 2027 assuming $60/bbl #oil
Exxon projects $80BN in surplus cash between 2024 and 2027 assuming $60/bbl oil: CEO
Exxon Mobil forecasts increases in project spending, oil output https://t.co/TOEH8GsfVF https://t.co/O1G1uYuRuz
$MA (+0.8% pre) Mastercard Raises Dividend; Board Authorizes $11 Billion Share-Repurchase Plan - WSJ https://t.co/zSGUkeu545
$CAR (+4.1% pre) Avis Budget Group announces special dividend of $10 per share - MW https://t.co/SR6gWcjSX3
$XOM (+0.5% pre) Exxon Boosts Buybacks 14% as Hunt for More Oil Accelerates - BBG https://t.co/0Xcho6vRsQ
Avis Stock Pops on Special Cash Dividend https://t.co/Zau00hBnet
Exxon Increasing Pace of Share-Repurchase Program to $20B/Year
Exxon plans to raise share buybacks as the oil giant accelerates crude production in the US Permian Basin https://t.co/eYDQ2gwnOY
$XOM | ExxonMobil Provides Update To Its Corporate Plan Through 2027 - Intends To Deliver $6B In Additional Structural Cost Reductions By Year-end 2027 - Says Pursuing More Than $20B Of Lower-Emissions Opportunities Through 2027 - Says On Track To Deliver ~$14B Of Further… https://t.co/ZaghEx119N
The Stock Market Is Frothy. Get ‘Conditional Dividends.’ https://t.co/qv61OGKjNT
Mastercard to buy back shares worth $11 billion https://t.co/TZvRQlyMtz https://t.co/a79CkGYOcs
FTC investigating Exxon's planned $60 billion purchase of driller giant Pioneer https://t.co/bU8QXR8sSO
Suncor Energy expects higher production, capex in 2024 https://t.co/1uYmlEZLZe https://t.co/EVHnrCjGA4
Federal regulators are investigating ExxonMobil’s $60 billion deal to acquire a Texas oil company in what would be one the largest mergers in the energy industry in two decades, according to securities filings. https://t.co/JP6cVDxo6J
Mastercard to buy back shares worth $11 billion https://t.co/m0LQSL0N4g https://t.co/ug6YPGPzup
FTC investigating Exxon's $60B merger with Texas Oil Company https://t.co/UJAzzhj1bL
US antitrust officials are seeking additional information related to ExxonMobil's megadeal to acquire Pioneer Natural Resources for roughly $60 billion, according to securities filings https://t.co/cc9xb0fdwH
US antitrust regulators probe ExxonMobil’s Pioneer deal https://t.co/ZW59AUZWu8
Exxon, Pioneer get second FTC request for information on pending takeover https://t.co/q9Kcfdm8vX https://t.co/50Rvy8WwKr