The government of Pakistan's direct shareholding in Oil and Gas Development Co. Ltd. (OGDC.L), d/b/a OGDCL, rose to 77.53% from 67.48%, according to a Thursday release.
The state's interest grew after 432,189,039 ordinary shares of OGDCL Employees Empowerment Trust, formed under Benazir Employees Stock Option Scheme, were transferred back to the government following the Supreme Court's ruling.
Vermilion Energy (VET) said late Wednesday it received approval from the Toronto Stock Exchange to renew its share buyback program of up to 15.2 million common shares, starting July 12.The company expects to return 40% of excess free cash flow to shareholders in 2026, according to a statement.
Devon Energy (DVN) has an average rating of buy and mean price target of $60.92, according to analysts polled by FactSet.