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Big Oil's $114 Billion Payouts
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Top oil supermajors, including Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE, and BP Plc, have spent a record $113.8 billion on dividends and share repurchases in 2023, despite a decline in crude prices, representing a 10% increase from the previous year and a 76% rise compared to the 2011-2014 average.
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How do the payouts reflect the broader economic trends and their implications for investors and global financial markets?
How might the focus on share buybacks impact the long-term sustainability and innovation of the oil industry?
What strategies could other industries adopt to emulate the record payouts of the top oil supermajors?
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