Chevron raises dividend by 6%, announces $75 billion stock buyback program
Chevron Corp. (CVX) said late Wednesday that its board has approved a dividend increase of 6% to $1.51 a share, payable March 10 to shareholders of record as of Feb. 16. The board also authorized a $75 billion share buyback authorization, which takes effect April 1 and does not have a fixed expiration date, Chevron said. Shares of Chevron rose 2.9% in the extended session Wednesday after ending the regular trading day down 1%.
(END) Dow Jones Newswires
January 25, 2023 16:49 ET (21:49 GMT)
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