The latest update is out from Worley Limited ( (AU:WOR) ).
Worley Limited has announced a share buy-back program of up to $500 million, reflecting the Board’s confidence in the company’s financial health and growth prospects. This initiative is part of Worley’s broader capital management strategy aimed at enhancing shareholder value, alongside growth investments and an existing dividend policy. The buy-back, set to commence in March 2025, will be influenced by market conditions and share prices, and is aligned with the company’s strategy to drive organic growth and operational efficiency.
More about Worley Limited
Worley is a leading global professional services company specializing in energy, chemicals, and resources. The company partners with clients to deliver projects and create value throughout the lifecycle of their assets, focusing on transitioning to sustainable energy sources while meeting current energy, chemicals, and resource needs. Worley is headquartered in Australia and listed on the Australian Securities Exchange.
YTD Price Performance: 5.90%
Average Trading Volume: 877
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.75B
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