Search Results:
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Why do oil companies repurchase stocks?
Answer:
The oil and natural gas industry is a capital intensive industry and devotes the largest share of its earnings to adding new property and equipment to its upstream and downstream operations. It also repurchases stock as a means of further adding value for its shareholders. As with many other industries and companies, it is the responsibility of company officials to build value for shareholders through stock repurchases and paying dividends.
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How much do oil companies pay to shareholders and who are these shareholders?
Answer:
Analysis of public data, independent research and corporate annual reports found that the oil and natural gas industry paid out approximately $35 billion in dividends distributed to American shareholders in 2010 alone.
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