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(Bloomberg) Chevron Corp. doubled its share buyback to as much as $10 billion a year, pledging that shareholders will see the benefits of high oil prices as it locks in spending at historically low levels and reduces costs. ....
Chevron posted disappointing profits after slumping values for some long-held fields hurt the oil giant’s ability to take full advantage of surging energy prices. ....
Chevron Corp. boosted its planned share buyback to as much as $5 billion per year, as the oil giant uses higher commodities prices to step up returns to investors rather than investing in production growth. ....
Chevron Corp. committed to an “aspiration” of net zero emissions from its operations by 2050 as the company responds to rising investor and societal pressure to play a bigger role in a transition to a low-carbon future. ....