Vermilion Energy (TSE:VET) has released an update.
Vermilion Energy Inc. has announced the release of their second quarter financial results for 2024, with a conference call to follow, and the approval of a new normal course issuer bid (NCIB) allowing the repurchase and cancellation of up to 10% of their public float. The company highlights its commitment to returning capital to shareholders, having distributed over $40 per share in dividends since 2003, and plans to return 50% of excess free cash flow through dividends and share repurchases. Their strategic focus remains on health and safety, environmental responsibility, and profitability, with operations concentrated on oil and natural gas exploitation in North America and development in Europe and Australia.
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