Shares of Chevron Corp. rose 1.2% in premarket trading Tuesday, after the oil and gas giant raised its share repurchase guidance to $10 billion to $20...
Shares of Chevron Corp. CVX rose 1.2% in premarket trading Tuesday, after the oil and gas giant raised its share repurchase guidance to $10 billion to $20 billion a year. The company also said it will raise its targeted annual buyback rate to $17.5 billion, starting in the second quarter. The announcement comes after Chevron announced in late-January a new $75 billion stock buyback program, and also raised its dividend by 6%.
The company also said it will raise its targeted annual buyback rate to $17.5 billion, starting in the second quarter. The announcement comes after Chevron announced in late-January a new $75 billion stock buyback program, and also raised its dividend by 6%. Separately, Chevron maintained its annual capital expenditures guidance range of $13 billion to $15 billion through 2027 and kept its oil and gas production guidance of more than 3% annual growth by 2027.
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