Chevron Reveals $75+ Billion Capital Distribution Plan
Chevron Corporation (NYSE: CVX) held its annual meeting with analysts earlier today. In discussing its five year business plan, chairman and CEO Michael Wirth focused on growing cash flows and maintaining efficient capital spending.
He specifically pointed to the ability for the company to distribute between $75 billion and $80 billion to shareholders through stock buybacks and dividends, without relying on any increase in oil prices.
Image source: Getty Images.
Source Fool.com
