Yahoo Finance Contributor Vera Gibbons discusses ways Americans are coping with rising inflation.
(Bloomberg) -- Chevron Corp. boosted its planned share buyback to as much as $5 billion per year, as the oil giant uses higher commodities prices to step up returns to investors rather than investing in production growth.Most Read from BloombergReliving the New York Subway Map DebateChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting America’s Elderly VeteransThe repurchases are now seen at $3 billion to $5 billion a year, about 60% higher than prev
U.S. oil producer Chevron Corp on Wednesday said it plans to boost spending on new oil and gas projects in 2022 by 20% to $15 billion, while also raising shareholder returns. Major oil companies are responding to a jump in profits this year from higher oil and gas prices, and have signaled they plan to revive outlays for drilling and carbon-reduction measures. Chevron increased its share buyback guidance range to $3 billion-$5 billion per year, up from a $2-$3 billion range set in July.