
Chevron Posts Record Production, Boosts Shareholder Returns
•By ADMIN
Related Stocks:CVX
U.S. oil major Chevron Corporation has achieved an all‑time high production level of approximately 4.1 million barrels of oil equivalent per day (boe/d), representing a roughly 21% increase year‑over‑year.
The company’s cash flow from operations surged to around US$9.4 billion, underpinning its dual strategy of rewarding shareholders and reinvesting in growth.
Chevron also maintained robust capital‑return programs, including billions of dollars in share buybacks and a growing dividend yield, signalling confidence in its financial strength even amid oil‑price uncertainty.
Looking ahead, Chevron expects to deliver production growth at the high end of its 6–8% guidance range (excluding the Hess Corporation acquisition), while continuing to prioritise free‑cash‑flow generation and shareholder value.
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