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

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.

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.Plans to return up to US$12 billion more to shareholders by end of 2024 through dividends and buybacksArticle contentDividend:Net income in latest quarter:Raised regular dividend by 10 per cent, US$1.

Profits are going into larger dividends and stock buybacks rather than capital projects for future production in Canada because of risk from an anti-O&G federal government.

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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.
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