Published 1 year ago

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

Summary by Ground News

Chevron defended its new $75 billion share repurchase program from White House criticism. The oil giant, which also raised its dividend in Wednesday's buyback announcement, aims for stock purchases in a "steady, consistent way" US President Joe Biden has repeatedly criticized Chevron and fellow petroleum behemoth ExxonMobil over share buybacks.

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Reuters

Chevron pledges $75 bln for share buybacks as cash grows

Chevron Corp on Wednesday said it would triple its budget for share buybacks to $75 billion, the oil industry's most ambitious shareholder payouts to date, as high oil and gas prices pad profits.

1 year ago·United Kingdom

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Associated Press News

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

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.

1 year ago·United States

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CNBC

Chevron's head-turning $75 billion buyback may not be all it's cracked up to be

The second-largest U.S. oil company authorized a $75 billion buyback and a dividend hike on Wednesday evening, giving its stock a boost.

1 year ago·United States

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Channel News Asia

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

1 year ago·Singapore

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IBTimes

Chevron Pledges $75 Billion For Share Buybacks As Cash Grows

Chevron Corp on Wednesday said it would triple its budget for share buybacks to $75 billion, the oil industry's most ambitious shareholder payouts to date, as high oil and gas prices pad profits.

1 year ago·United States

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Financial Post

Chevron pledges $75 bln for share buybacks as cash grows

Chevron Corp on Wednesday said it would triple its budget for buybacks to $75 billion, the oil industry's most ambitious shareholder payouts to date, as high oil and gas prices pad profits.

1 year ago·Canada

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