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0 -0.00113027752660495 0.000208666620296314 0.00027822216039502 0.000904222021283964 0.000139111080197411 0.000139111080197411 0.000139111080197411
Stock impact report

$60 Oil Forces Europe's Energy Giants to Rethink Buybacks [Yahoo! Finance]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Yahoo! Finance
The persistently low oil prices at about $60 per barrel in the past months, compared to $100 in 2022 and $80 in 2023 and 2024, signal that part of the shareholder returns of the European oil majors may not be sustainable going forward. Europe's top oil firms may start sacrificing some of their payouts by announcing in the coming weeks cuts to their share buybacks amid the lower oil prices, analysts say. Stronger U.S. Peers The U.S. supermajors, ExxonMobil and Chevron, didn't cut share repurchases when they announced fourth-quarter and full-year 2025 results last week. On the contrary, they reiterated the pace of buybacks through 2026, “assuming reasonable market conditions”. However, Europe's oil majors may have less room to maneuver with the lower oil prices as they are just now resetting strategies to focus back on oil and gas and slash investments in renewables. Even at the height of the Big Oil pivot to clean energy in 2020-2021, American firms never strayed from their tar Show less Read more
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