RE: Question about SHare Buybacks21 Oct 2021 14:54
I think we can expect at Q3 (for the quarter),
$2B share buyback
$1B dividend payment as per usual
$1.5B - $2B net debt reduction (Strengthening of the balance sheet as Murray calls it)
and a trailing 12-month PE of 7 at the current price.
For Q4 we should add another $2B on top of something, with a trailing PE of 5 at the current price.