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Why The White House Is Wrong About Oil Major Share Buybacks

February 8, 2023 by

Chevron didn’t increase the dividend and share buyback instead of investing in new production. The company did both. Chevron’s capital and exploratory expenditures in 2022 were more than 40% higher than in 2021. Further, Chevron actually reported record U.S. oil and natural gas production for 2022.

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