Advertisement
Australia markets closed
  • ALL ORDS

    7,937.90
    +35.90 (+0.45%)
     
  • AUD/USD

    0.6450
    -0.0001 (-0.02%)
     
  • ASX 200

    7,683.50
    +34.30 (+0.45%)
     
  • OIL

    82.70
    +0.80 (+0.98%)
     
  • GOLD

    2,321.40
    -25.00 (-1.07%)
     
  • Bitcoin AUD

    102,526.82
    -73.27 (-0.07%)
     
  • CMC Crypto 200

    1,391.40
    -23.36 (-1.65%)
     

1 Jaw-Dropping Chart Showcasing the Power of Share Buybacks

1 Jaw-Dropping Chart Showcasing the Power of Share Buybacks

This year, oil companies are swimming in cash thanks to higher oil and gas prices. They could allocate this windfall in many ways, including drilling more wells, making acquisitions, retiring debt, paying dividends, and repurchasing shares.