Friday, June 22, 2018

Chevron Mulls Resumption of Buybacks

Posted by March 6, 2018

File Image (CREDIT: AdobeStock / (c) Kasto)

U.S. oil and natural gas producer Chevron Corp said it expects to increase its free cash flow this year onwards, putting it in a position to resume its share buyback program.
 
Chevron had halted its share repurchase plans in 2015 to conserve cash amid a slump in oil prices.
 

The company did not specify when it plans to restart the program.

 

Reporting by Ernest Scheyder  

Related News