Chevron To Spend $75 Billion On Share Buybacks ...Middle East

OILPRICE - Economy
Chevron To Spend $75 Billion On Share Buybacks
source : OILPRICE ( Middle East ) () 26
Chevron will allocate $75 billion for share repurchases, effective April 1, without an expiration date, the company said, as it declared a quarterly dividend of $1.51 per share. The new share repurchase sums will replace the previous buyback budget of the supermajor, which stood at $25 billion and will be effective until March this year. “Repurchases of shares of the company’s common stock may be made from time to time in the open market, by block purchases, in privately negotiated transactions or in such other manner as determined…

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