Reported 2 months ago
Chevron has returned $50 billion to its shareholders over the past two years through dividends and stock buybacks, driven by a strategy of investing in high-return assets. The company reported strong production and cash flow in the latest quarter, allowing it to continue its pattern of significant cash returns. Looking ahead, Chevron anticipates even greater cash generation, with plans to repurchase up to $20 billion of its shares annually and increase dividends, bolstered by ongoing capital investments and potential acquisitions.
Source: YAHOO