Post Tagged with: "share Buybacks"

Source: CNBC

BP beats first-quarter estimates on stronger commodity prices; plans to resume share buybacks

CNBC


LONDON — British energy major BP on Tuesday reported better-than-expected earnings for the first quarter, following a period of stronger commodity prices and a brighter demand outlook.

It comes as oil and gas majors seek to prove to investors …

Source: Reuters

ConocoPhillips resumes share buybacks, promises capital discipline

Reuters


ConocoPhillips said on Wednesday it has resumed its share buyback program and pledged to keep spending flat even as oil prices climbed, the latest U.S. energy firm to embrace investor returns over production growth.

Despite the uptick in crude …

Cash-Rich Canadian Oil Firms Favor Buybacks as Other Options Narrow

Cash-Rich Canadian Oil Firms Favor Buybacks as Other Options Narrow

From Reuters

Canadian oil producers are raking in the highest revenues in five years thanks to strong global oil prices and Alberta’s production cuts, but government intervention has hamstrung their spending abilities, encouraging many to buy back shares and pay …

Vermilion Production up 19% to 96 MBOEPD

Vermilion Production up 19% to 96 MBOEPD

Vermilion Energy (ticker: VET) held its Q3 conference call this week, elaborating on its temporary withdrawal from the Netherlands, share buybacks, basin potentials and budget assumptions.

Fund flows from operations ("FFO") for Q3 2018 were $261 million ($1.71/basic share), an

October 26, 2018 - 3:05 pm Closing Bell Story‎, Earnings
Did Billions in Oil-Company Buybacks Swirl Down the Drain? Yes, Citi Says

Did Billions in Oil-Company Buybacks Swirl Down the Drain? Yes, Citi Says

From Bloomberg

Study of oil explorers finds price, product mix drive stocks

Shareholder returns show little correlation to share prices

U.S. oil drillers started the year ushering in a new era of shareholder returns with promises of billions of dollars …

October 5, 2018 - 5:12 pm Closing Bell Story‎, Energy News