
Chevron Posts Record Production, Boosts Shareholder Returns
âĒBy ADMIN
Related Stocks:CVX
U.S. oil major Chevron Corporation has achieved an allâtime high production level of approximately 4.1âŊmillion barrels of oil equivalent per day (boe/d), representing a roughly 21% increase yearâoverâyear.
The companyâs cash flow from operations surged to aroundâŊUS$9.4âŊbillion, underpinning its dual strategy of rewarding shareholders and reinvesting in growth.
Chevron also maintained robust capitalâreturn programs, including billions of dollars in share buybacks and a growing dividend yield, signalling confidence in its financial strength even amid oilâprice uncertainty.
Looking ahead, Chevron expects to deliver production growth at the high end of its 6â8% guidance range (excluding the Hess Corporation acquisition), while continuing to prioritise freeâcashâflow generation and shareholder value.
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