Oil giants face backlash for handing record profits to investors

Exxon Mobil Corp., Chevron Corp., Shell Plc and TotalEnergies SE are handing almost $100 billion to shareholders annually in the form of buy...

Exxon Mobil Corp., Chevron Corp., Shell Plc and TotalEnergies SE are handing almost $100 billion to shareholders annually in the form of buybacks and dividends while reinvesting just $80 billion in their core businesses this year, according to data compiled by Bloomberg.

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