(Bloomberg) — Chevron Corp. plans as much as $80 billion in dividends and share buybacks over the next five years, boosting distributions by as much as 20% compared with the most recent pace of payouts as the U.S. oil giant tries to reassure investors.Mike Wirth, who took over as chief executive officer little more than two years ago, promised shareholders a mix of cost-cutting and production growth centered in the prolific Permian basin in Texas and New Mexico to offer attractive financial returns even as customers and policymakers demand lower-carbon fuels.Returning cash to shareholders is “our number one priority,” Wirth …read more
Source:: Yahoo Finance
