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Big five oil companies to hand record payouts to shareholders
The Guardian
|January 02, 2024
The world's five largest listed oil companies are expected to reward their investors with record payouts of more than $100bn (£79bn) for 2023, against a backdrop of growing public outrage at fossil fuel profits.
TotalEnergies The five "super-majors" - BP, Shell, Chevron, ExxonMobil and showered shareholders with dividend payments and share buybacks worth $104bn in the 2022 calendar year, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
The bumper payouts followed a year of record profits for big oil and gas companies after Russia's invasion of Ukraine upended global energy markets, triggering a rise in the international price of Brent crude and record gas prices across Europe.
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