Global Economy

Chevron announces $75 billion stock buyback, dividend boost


Chevron last month reported its second-highest quarterly profit ever.

Justin Sullivan | Getty Images News | Getty Images

Energy giant Chevron announced a $75 billion stock buyback program and a dividend hike on Wednesday evening.

Shares of Chevron were up 3% in extended trading.

The buyback program will become effective on April 1, with no set expiration date, the company said in a press release.

This is breaking news. Please check back for updates.



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