Top Energy Stocks by Share Buybacks
Top energy companies ranked by share buybacks, latest annual filings.
What Share Buybacks Mean for Energy Companies
Share buybacks in energy have become a signal of capital discipline in an industry historically prone to reinvesting every dollar of upcycle cash flow into drilling. After a decade of shareholder pressure, most majors and large independents now pair base dividends with variable buybacks that expand when commodity prices and cash flow are elevated and compress when prices fall. The program structure itself communicates the new capital-allocation philosophy.
Why It Matters in Energy
Variable buyback frameworks tied to commodity price windows reflect restored capital discipline after years of value-destructive drilling. The pattern is cleanly pro-cyclical by design, which is a feature rather than a bug for a commodity business. The caveat is that buybacks concentrate at price peaks when equity valuations are also elevated, so timing economics are structurally poor; the purpose is capital return rather than value capture.
What to Read Alongside
Pair buybacks with [Free Cash Flow](/financials/top-free-cash-flow-stocks/energy/) to see commodity-cycle funding patterns, [Capex](/financials/biggest-capex-stocks/energy/) to confirm operators prioritize capital return over speculative drilling, and [Net Income](/financials/top-net-income-stocks/energy/) for earnings context across the cycle.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | XOM | ExxonMobil Holdings Corporation | Energy | $20.27B | $650.51B |
| 2 | SHEL | Shell plc | Energy | $14.07B | $244.54B |
| 3 | CVX | Chevron Corporation | Energy | $12.08B | $387.94B |
| 4 | TTE | TotalEnergies SE | Energy | $7.53B | $192.72B |
| 5 | COP | ConocoPhillips | Energy | $5.02B | $146.51B |
| 6 | MPC | Marathon Petroleum Corporation | Energy | $3.49B | $90.28B |
| 7 | LNG | Cheniere Energy Inc | Energy | $2.72B | $56.52B |
| 8 | VLO | Valero Energy Corporation | Energy | $2.60B | $89.82B |
| 9 | EOG | EOG Resources, Inc. | Energy | $2.56B | $77.97B |
| 10 | SLB | SLB N.V. | Energy | $2.41B | $77.79B |
| 11 | TS | Tenaris S. A. | Energy | $1.36B | $29.11B |
| 12 | PSX | Phillips 66 | Energy | $1.21B | $82.90B |
| 13 | DVN | Devon Energy Corporation | Energy | $1.05B | $51.95B |
| 14 | HAL | Halliburton Company | Energy | $1.01B | $27.87B |
| 15 | FTI | TechnipFMC plc | Energy | $0.92B | $30.60B |
| 16 | TRGP | Targa Resources Corp. | Energy | $0.64B | $60.39B |
| 17 | CNX | CNX Resources Corporation | Energy | $0.52B | $4.85B |
| 18 | CIVI | Civitas Resources, Inc. | Energy | $0.43B | $2.34B |
| 19 | HESM | Hess Midstream LP | Energy | $0.40B | $5.22B |
| 20 | MPLX | MPLX LP | Energy | $0.40B | $59.51B |
| 21 | BKR | Baker Hughes Company | Energy | $0.38B | $56.80B |
| 22 | CRC | California Resources Corporation | Energy | $0.38B | $4.75B |
| 23 | CHRD | Chord Energy Corporation | Energy | $0.36B | $7.79B |
| 24 | DINO | HF Sinclair Corporation | Energy | $0.35B | $15.92B |
| 25 | NOV | NOV Inc. | Energy | $0.32B | $7.45B |
| 26 | OVV | Ovintiv Inc. | Energy | $0.31B | $17.46B |
| 27 | EPD | Enterprise Products Partners L.P. | Energy | $0.30B | $83.79B |
| 28 | CNR | Core Natural Resources, Inc. | Energy | $0.22B | $4.19B |
| 29 | KNTK | Kinetik Holdings Inc. | Energy | $0.18B | $3.71B |
| 30 | CTRA | Coterra Energy Inc. | Energy | $0.14B | $24.72B |
| 31 | AR | Antero Resources Corporation | Energy | $0.14B | $10.93B |
| 32 | AM | Antero Midstream Corporation | Energy | $0.13B | $10.81B |
| 33 | CMBT | Cmb.Tech NV | Energy | $0.13B | $4.57B |
| 34 | PARR | Par Pacific Holdings, Inc. | Energy | $0.12B | $3.88B |
| 35 | TALO | Talos Energy Inc. | Energy | $0.12B | $2.49B |
| 36 | KGS | Kodiak Gas Services, Inc. | Energy | $0.10B | $5.96B |
| 37 | MUR | Murphy Oil Corp. | Energy | $0.10B | $5.58B |
| 38 | WFRD | Weatherford International plc | Energy | $0.10B | $6.36B |
| 39 | EXE | Expand Energy Corporation | Energy | $0.10B | $21.89B |
| 40 | VAL | Valaris Limited | Energy | $0.10B | $5.51B |
| 41 | TDW | Tidewater Inc. | Energy | $0.09B | $3.91B |
| 42 | OKE | ONEOK, Inc. | Energy | $0.07B | $58.69B |
| 43 | AROC | Archrock, Inc. | Energy | $0.07B | $6.33B |
| 44 | PTEN | Patterson-UTI Energy, Inc. | Energy | $0.07B | $3.87B |
| 45 | NOG | Northern Oil and Gas, Inc. | Energy | $0.06B | $2.30B |
| 46 | MTDR | Matador Resources Company | Energy | $0.06B | $6.31B |
| 47 | NFG | National Fuel Gas Company | Energy | $0.05B | $7.84B |
| 48 | NGL | NGL ENERGY PARTNERS LP | Energy | $0.05B | $1.94B |
| 49 | OII | Oceaneering International, Inc. | Energy | $0.04B | $5.25B |
| 50 | XPRO | Expro Ltd | Energy | $0.04B | $1.79B |
| 51 | FET | Forum Energy Technologies, Inc. | Energy | $0.03B | $0.65B |
| 52 | CRGY | Crescent Energy Company | Energy | $0.03B | $3.72B |
| 53 | LBRT | Liberty Energy Inc. | Energy | $0.02B | $2.83B |
| 54 | EFXT | Enerflex Ltd. | Energy | $0.02B | $2.78B |
| 55 | NE | Noble Corporation plc | Energy | $0.02B | $6.90B |
| 56 | NEXT | NextDecade Corporation | Energy | $0.02B | $1.86B |
| 57 | OIS | Oil States International, Inc. | Energy | $0.02B | $0.52B |
| 58 | VTOL | Bristow Group Inc. | Energy | $0.02B | $1.35B |
| 59 | FLOC | Flowco Holdings Inc. | Energy | $0.01B | $0.84B |
| 60 | SM | SM Energy Company | Energy | $0.01B | $7.96B |
| 61 | CLB | Core Laboratories Inc. | Energy | $0.01B | $0.54B |
| 62 | DKL | Delek Logistics Partners, LP | Energy | $0.01B | $3.04B |
| 63 | YPF | YPF Sociedad Anónima | Energy | $0.01B | $20.16B |
| 64 | GLP | Global Partners LP | Energy | $0.01B | $1.64B |
| 65 | INVX | Innovex International, Inc. | Energy | $0.01B | $1.87B |
| 66 | TPL | Texas Pacific Land Corporation | Energy | $0.01B | $28.93B |
| 67 | PAA | Plains All American Pipeline, L.P. | Energy | $0.01B | $17.36B |
| 68 | PAGP | Plains GP Holdings, L.P. | Energy | $0.01B | $5.23B |
| 69 | WTTR | Select Water Solutions, Inc. | Energy | $0.01B | $2.51B |
| 70 | LPG | Dorian LPG Ltd. | Energy | $0.01B | $1.94B |
| 71 | SD | SandRidge Energy, Inc. | Energy | $0.01B | $0.51B |
| 72 | WHD | Cactus, Inc. | Energy | $0.01B | $3.83B |
| 73 | TK | Teekay Corporation Ltd. | Energy | $0.00B | $0.97B |
| 74 | RES | RPC, Inc. | Energy | $0.00B | $1.24B |
| 75 | BWLP | BW LPG Limited | Energy | $0.00B | $3.31B |
| 76 | EGY | VAALCO Energy, Inc. | Energy | $0.00B | $0.59B |
| 77 | STNG | Scorpio Tankers Inc. | Energy | $0.00B | $3.96B |
| 78 | BORR | Borr Drilling Limited | Energy | $0.00B | $1.31B |
| 79 | AESI | Atlas Energy Solutions Inc. | Energy | $0.00B | $1.49B |
| 80 | GRNT | Granite Ridge Resources, Inc. | Energy | $0.00B | $0.64B |
No companies match this search.
How this ranking is built
Companies are ranked by share buybacks as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.