Increased Dividend And Share Buybacks

Inpex Corporation Announces Enhanced Shareholder Returns

Increased Dividend and Share Buybacks

Inpex Corporation (INPEX), Japan's leading energy exploration and production company, has unveiled an impressive shareholder returns plan, including a dividend increase and share buybacks.

Dividend Increase

INPEX has raised its per-share dividend forecast for 2024 to 32 yen, an increase of 8 yen from the previous estimate. This move reflects the company's commitment to rewarding its shareholders.

Share Buybacks

INPEX has also announced a substantial share buyback program of up to 100 billion yen (approximately $695 million). The buybacks will reduce the number of shares outstanding, enhancing the value for existing shareholders.

Strong Financial Performance

INPEX's enhanced shareholder returns are supported by its strong financial performance. Despite ongoing challenges in the energy sector, the company posted a robust net profit for the first half of 2022. This demonstrates INPEX's resilience and ability to deliver value to its investors.

Conclusion

INPEX Corporation's comprehensive shareholder returns package is a testament to the company's commitment to delivering sustainable value to its stakeholders. The increased dividend and share buybacks will not only enhance returns but also reinforce investor confidence in INPEX's long-term growth prospects.