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Exxon, Chevron target billions in share buybacks as cash flow surges

Exxon, Chevron target billions in share buybacks as cash flow surges
worldoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoil.com Daily Mail and Mail on Sunday newspapers.

Chevron Eyes More Buybacks After Cash Flow Rise to Record

(Bloomberg) Chevron Corp. is weighing more share buybacks after surging natural gas prices and a more profitable oil-refining business drove the U.S. supermajor’s free cash flow to an all-time high. Chevron said Friday that third-quarter profit excluding one-time items was $2.

Old oil wells tainting Texas land

Old oil wells tainting Texas land
nwaonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nwaonline.com Daily Mail and Mail on Sunday newspapers.

Chevron Posts Bumper Cash Flow

Chevron Corp. generated the most free cash flow since the pandemic emerged as economies clawing their way out of more than a year of lockdowns and paralysis burn more fuel. (Bloomberg) Chevron Corp. generated the most free cash flow since the pandemic emerged as economies clawing their way out of more than a year of lockdowns and paralysis burn more fuel. The oil, natural gas and refining titan posted $3.4 billion in first-quarter cash flow on Friday, more than enough to cover its recently increased dividend, which is a closely watched metric for the oil supermajors. A key driver of the bonanza was a 43% spending cut as Chevron retreats from costly mega-projects to focus on less-risky endeavors such as shale drilling.

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