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Bye-bye buybacks? Big Oil's record-breaking shareholder payouts are under threat

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Western energy supermajors have long sought to return cash to investors through buyback programs and dividends.

Some analysts have raised doubts about the sustainability of Big Oil's pledge to allocate cash to shareholders.

Oil prices have fallen more than 12% year-to-date amid persistent demand concerns and U.S. President Donald Trump 's back-and-forth trade policy.