Buybacks Or Dividends? What Worked Better So Far

Dollar Banknotes Flying with clipping path

onurdongel/iStock via Getty Images

In 2022, many oil and gas producers shifted their focus from fixing their balance sheets to returning capital to the shareholders. However, the capital return strategies have varied. Among the larger caps, Marathon Oil (MRO), APA Corporation (

Company SA dividend yield Stock price in 2022
Evolution Petroleum 6.88% + 59%
Crescent Energy (CRGY) 5.08% – 2%
Devon 4.03% + 51%
All companies average 1.43% + 45%