Chevron said last week that it would increase its dividend about 6%, and the company raised its share-buyback authoriza-tion to $75 billion. Exxon Mobil said Tuesday that it would repurchase as much as $35 billion of its own shares this year and next. For some perspective, the companies’ combined share-repurchase autho-rizations are enough to buy British oil company BP.
Trying to remember who is was told me “the oil companies are going out of business, and soon!”
Not soon but that $75 B and $35 B are interesting figures. Great of you to support the management. But it is transitory money not going to the investors for long.
Oil has a ways to drop.
Remember the less expensive fossil fuels get the more competitive alternatives get because they use fossil fuels.
Exploration was up a lot in 2022. Oil production is rising. High prices will do that and beget much lower prices.
Just a guess but perhaps it was someone that just bought a Tesla and is realizing he just made the biggest mistake of his life.
Timing is everything, but then we are told not to time the markets. Good thing some of us do not listen.
Why would it be the biggest mistake of his/her life?
JimA
How much is Tessy done from her high?
I get you got in at closer to fifty cents per share…etc…kidding…but many people have bought at over $300 per share.
I have no idea what you are talking about - someone mentioned buying a Tesla (presumably the car) was a bad decision (the biggest mistake of his life) - what has that got to do with an investment in Tesla?
JimA
My bad, a couple of us were talking valuations prior to that post. I did not see buy “a” Tesla. I was thinking buy the stock.