The most recent share buyback announced by BP (BP) of $3.5bn has resulted in the FTSE100 (UK100) members reaching the largest ever aggregate annual cash pay-out in history. In 2022, the members are forecasted to pay out £46.9bn in share buybacks, almost double that seen last year. The top three sectors were energy, financial and consumer staples. BP (BP) and Shell (RDS) were the top two companies, paying out more than the seven runner ups combined.

Excellent news for shareholders, and the treasury also benefits from any Capital Gains Tax payable.