METS

Cat to buy back more stock

THE board of construction and mining equipment giant Caterpillar has approved to buy back a further $US7.5 billion ($A9.5 billion) worth of shares over the next five years, taking its total share repurchase commitment since 1995 to $16 billion.

Richard
Cat to buy back more stock

Underlining the company’s belief in the long-term growth prospects in its key markets after its sales and revenue topped $41.5 billion last year, Caterpillar will commence the new share buyback plan after...

Start a free trial to continue reading this article

Already have an account?

Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.