Chevron defends stock buybacks as it posts US$35.5 billion in 2022 profit

Chevron defends buybacks as it posts US$35.5 billion in 2022 profit

NEW YORK:: Chevron defended its new US$75 billion share repurchase program from White House criticism Friday (Jan 27), as it reported record profits of US$35.5 billion in 2022. The oil giant, which also raised its dividend in Wednesday's buyback announcement, aims for stock purchases in a "steady, consiste

Chevron Defends Buybacks As It Posts $35.5 Bn In 2022 Profit

Chevron defended its new $75 billion share repurchase program from White House criticism Friday, as it reported record profits of $35.5 billion in 2022.

Chevron’s $75 Billion Buyback Seems a Smokescreen for Bad Results, Analyst Says

Chevron Corp.’s massive $75 billion buyback program may have been announced earlier this week as a “smokescreen” for disappointing quarterly results on Friday that tanked the share price, said veteran industry analyst Paul Sankey.

Chevron’s buyback boosts stock, get rebuke from White House - Castor Advance

Shares of Chevron climbed Thursday after the oil company announced that it would repurchase $75 billion of its stock, one of the largest-ever stock buyback plans.

Chevron’s buyback boosts stock, get rebuke from White House - Stettler Independent

Shares of Chevron climbed Thursday after the oil company announced that it would repurchase $75 billion of its stock, one of the largest-ever stock buyback plans.

Chevron’s buyback boosts stock, get rebuke from White House - Red Deer Advocate

Shares of Chevron climbed Thursday after the oil company announced that it would repurchase $75 billion of its stock, one of the largest-ever stock buyback plans. The company’s board also approved an increase of about 6% in its quarterly dividend, to $1.51 per share. Chevron Corp. said the buyback is effective on April 1, and does not have a fixed expiration date. It replaces a prior repurchase authorization of $25 billion from January 2019 that…