Chevron announces $75 billion stock buyback, dividend boost
The plan comes after a massive year for energy stocks, as a reopened U.S. economy and Russia's invasion of Ukraine combined to drive oil prices hire in 2022
| Date: | Jan. 25, 2023 5:26 PM ET |
| Link: | Read more at CNBC |
| Source: | US Top News and Analysis - cnbc.com |
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Analysis: Swimming in cash, Chevron plans a $75 billion slap in the face to drivers
While most blue-chip companies were reporting losses last year, Big Oil was having a moment. Crude prices surged, thanks in part to high demand and reduced supply.
Jan. 26, 2023 - CNN.com - RSS Channel - HP Hero - Top stories -
FA Center: Why Biden’s 4% buyback tax could boost stock prices and dividends
The tax applies only to net buybacks, which are much smaller than gross repurchases.
13 hours ago - MarketWatch.com - Top Stories - Business - Joe Biden -
Facebook-parent Meta announces $40 billion stock buyback
Meta added active users in the fourth quarter, but revenue growth still slowed, and the social networking company is emphasize its cash-generation powers.
Feb. 1, 2023 - US Top News and Analysis - Business - Meta -
Dow Jones Newswires: Novo Nordisk lifts dividend, launches $4.09 billion share buyback after earnings beat forecasts
Novo Nordisk global sales were driven by diabetes and obesity care sales.
Feb. 1, 2023 - MarketWatch.com - Top Stories - Business -
Meta Stock Surges After Announcing $4.2 Billion Restructuring Charge
The company, which is in the midst of shifting to become a metaverse business, also forecast revenue would beat Wall Street predictions.
Feb. 1, 2023 - NYT > Technology - Tech -
Meta Posts Upbeat Outlook, Plans $40 Billion Buyback
The company’s stock jumped as much as 20% in off-hours trading after the social-media giant said its costs were set to decline and its global users had increased.
Feb. 1, 2023 - WSJ.com: WSJD - Tech - Meta -
Meta Posts Upbeat Outlook, Plans $40 Billion Buyback
The company’s stock jumped as much as 20% in off-hours trading after the social-media giant said its costs were set to decline and its global users had increased.
Feb. 1, 2023 - WSJ.com: US Business - Business - Meta -
Dow Jones Newswires: BBVA launches new share buybacks after $1.72 billion profit slightly beats forecasts
The Spanish bank said Wednesday that net profit in the three months to the end of December was 1.58 billion euros ($1.72 billion), up from EUR1.34 billion in the same period of 2021.
Feb. 1, 2023 - MarketWatch.com - Top Stories - Business -
Darktrace announces £75mn share buyback after short seller attack
Move to boost stock comes after hedge fund publishes report alleging accounting irregularities at UK cyber group
Feb. 1, 2023 - UK homepage - Business -
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit
The oil company banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices to multiyear highs, but quarterly results fell short of analysts’ expectations
Jan. 27, 2023 - WSJ.com: US Business - Business -
Chevron announces record profits for 2022
Chevron announced roughly $36 billion in profits during 2022, setting an all-time high for the company. This follows a $75 billion stock buyback from the oil giant. Host of "TheStreet" J.D.
Jan. 27, 2023 - Home - CBSNews.com - Top stories -
Dow Jones Newswires: Novartis posts lower sales and profit on generic competition, but boosts 2022 dividend
The Swiss pharma major posted net profit of $1.47 billion, down from $16.31 billion the year prior, when it benefited from the sale of its investment in Roche Holding.
Feb. 1, 2023 - MarketWatch.com - Top Stories - Business -
Deep Dive: Biden targets stock buybacks — do they help you as an investor?
Do stock buybacks help you as an investor?
3 hours ago - MarketWatch.com - Top Stories - Business - Joe Biden -
In State of the Union, Biden will propose quadrupling the tax on corporate stock buybacks
President Biden on Tuesday night will call for quadrupling the tax on corporate stock buybacks, the White House says.
13 hours ago - MarketWatch.com - Top Stories - Business - Joe Biden -
Meta Platforms Shares Surge on Cost Cuts, Stock Buyback
Stock in Facebook’s parent company surged 23%, one of its best days ever, after the company gave an improved revenue forecast.
Feb. 2, 2023 - WSJ.com: WSJD - Tech - Meta -
Meta Platforms Shares Surge on Cost Cuts, Stock Buyback
Stock in Facebook’s parent company surged 23%, one of its best days ever, after the company gave an improved revenue forecast.
Feb. 2, 2023 - WSJ.com: US Business - Business - Meta -
Dow Jones Newswires: ING proposes dividend as $1.2 billion profit beats forecasts
The Dutch bank ING posted a net profit of 1.09 billion euros ($1.20 billion), from EUR945 million a year earlier.
Feb. 2, 2023 - MarketWatch.com - Top Stories - Business -
Albertsons Shareholders Set to Receive $4 Billion Dividend
The supermarket operator had been fighting opposition for months from attorneys general who tried to block the payout, as the company works to seal a merger with rival Kroger.
Jan. 20, 2023 - WSJ.com: US Business - Business -
Stocks making the biggest moves premarket: Intel, Chevron, American Express, Silvergate and more
These are the stocks posting the largest moves in early trading.
Jan. 27, 2023 - US Top News and Analysis - Business - Stock Market -
Dow Jones Newswires: BNP Paribas reports disappointing quarter, but announces €5 billion in buybacks, lifts targets for 2022 to 2025
While profit and revenue disappointed, BNP added that it would return EUR5 billion to shareholders via two tranches of share buybacks in 2023,
Feb. 7, 2023 - MarketWatch.com - Top Stories - Business -
MarketWatch First Take: Wendy’s stock climbs on upbeat fourth-quarter guidance, dividend hike
The fast-food company reported preliminary fourth-quarter results early Friday.
Jan. 13, 2023 - MarketWatch.com - Top Stories - Business -
Deep Dive: These 15 Dividend Aristocrat stocks have been the best income builders
Most stocks on a new screen have outperformed the S&P 500 in the long term.
Jan. 9, 2023 - MarketWatch.com - Top Stories - Business -
Graphic Packaging Boosts Paperboard Bet With $1 Billion Texas Mill
The Waco facility is latest in wager that plastic will be replaced.
16 hours ago - WSJ.com: US Business - Business -
Dow Jones Newswires: Shell adjusted profit of $9.8 billion beats forecasts, boosted by soaring energy prices
Shell's $41.6 billion full-year profit surpassed the London-based company's previous record of $31.4 billion in 2008
Feb. 2, 2023 - MarketWatch.com - Top Stories - Business -
DOJ announces new rule targeting pistol attachments to boost gun safety
The Justice Department announced on Friday a new rule targeting pistol attachments known as “stabilizing braces,” implementing a key move in the Biden
Jan. 13, 2023 - NBC News Politics - Politics