Buybacks is a sign of a lazy company

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Buybacks is a sign of a lazy company


The energy sector has been flexing its buyback muscle, too. So far this year, the biggest buyback announcement came from Chevron. Its $75 billion figure made up more than half of the total buybacks announced for January.

(Even without them, January’s buyback total stood at $57 billion, the fourth-largest total for January ever.)

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After a banner year in 2022, Chevron, the second-largest fuel company in America, announced $75 billion in anticipated share buybacks for 2023.

This is interesting because not only did the White House decry Chevron’s buyback size, but the government had already decided to dissuade American companies from stock buybacks.


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