Insight
Lower 48 share buybacks: a missed opportunity?
Report summary
Share buybacks have been suspended as 2020 budgets reset. Over the previous three years, shale companies have repurchased US$25 billion in their own shares. What if instead that money was used to pay down debt, would companies be in a better position to weather the storm? Devon and ConocoPhillips repurchased significantly more shares than their peers, did it lead to share price outperformance? As we look at cash flows over the next three to four years, what is the outlook for share buybacks?
Table of contents
- Executive Summary
Tables and charts
This report includes 1 images and tables including:
- Share buybacks 2017 - 2019
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