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Here's how much these oil companies are giving back to shareholders

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CNRL, Cenovus, Imperial and Tourmaline are among the top 25 oil companies reporting bumper profits, share buybacks and dividends. Read on.

Raised existing share repurchase authorization by US$50 billion11 per cent increase to quarterly ordinary dividendNet income in latest quarter:Increased total quarterly dividend to US$3.16 per share from Us$2.32 per shareBAKER HUGHES COThis advertisement has not loaded yet, but your article continues below.

Net loss of US$17 million on restructuring charges, compared to a profit of US$8 million a year earlierTo resume a share repurchase programIncreased dividend by 30 per cent to US75 cents per shareExpects to commence share repurchases in November using the remaining $5 billion authorizationThe top 25 oil companies by market capitalization posted record profits renewing calls for a windfall tax.

 

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Here's how much these oil companies are giving back to shareholdersCNRL, Cenovus, Imperial and Tourmaline are among the top 25 oil companies reporting bumper profits, share buybacks and dividends. Read on.
Source: financialpost - 🏆 7. / 85 Read more »