Oil Majors Primed for 2024 Growth with Healthy Balance Sheets, Shareholder Returns
• Oil and gas industry poised for strong 2024 due to robust finances and high oil prices, providing backing for investments, dividends, and shareholder returns
• Liberty Energy has strong balance sheet, low debt levels, and growing dividends, making it well-positioned for outperformance
• Chevron boasts robust financials, investment-grade rating, commitment to dividends and buybacks - supports shareholder value
• Devon actively lowering debt burden and consistently raising dividends including variable payouts
• Occidental reducing debt, generating cash flow growth, and returning capital to shareholders through dividends and $3B buyback program