Era of Buybacks

Huge buybacks have been announced in 2023. In this market uncertainty various companies are offering huge share buyback plans which would be very favorable to existing shareholders.

Buybacks are a great way of increasing EPS even if the company's actual performance would have been average. 20% of S&P 500 companies have lifted their EPS through this route in 2022.

Some major Buybacks:

1. Chevron - $75Bn

2. Shell - $4Bn

3. Meta - $40Bn

4. Lloyds - £2Bn

5. Natwest- £1.1Bn