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A $75 billion share buyback program triples Chevron’s budget for share buybacks. The pre-earnings announcement also includes a 6% increase to the company’s quarterly dividend. The news is being criticized by the Biden administration despite the company increasing capital and exploratory (C&E) expenditures. Analysts’ opinions about CVX stock are likely to hinge on the company’s […]
https://www.valuewalk.com/chevron-delights-shareholders-with-75-billion-in-share-buybacks/