Exxon Mobil Raises Annual Buyback to $50 Billion

Exxon and Chevron are focusing on shareholder returns, with Exxon increasing its share buybacks to $50 billion by 2024. Both companies are investing heavily in the Permian Basin, despite concerns about asset maturation. Exxon is also offering significant salary increases, marking a shift in the oil industry's attractiveness. The companies are prioritizing shareholder returns over production increases, reflecting a cautious approach amid energy transition challenges.

What significant financial decision did Exxon make regarding its share buybacks?

How have Exxon and Chevron's investment strategies shifted in recent years?

What does the increase in salaries at Exxon indicate about the company's current financial health?

What are the implications of the capital discipline shown by Exxon and Chevron?

In what ways are Exxon and Chevron responding to the challenges of energy transition?