- Among its US and international upstream and downstream operations, Chevron’s especially favorable Permian position continues to be positive for investors.
- The company just increased its dividend to $5.36/share for a yield of 5.2%; it plans to start share repurchases once it can sustain a multi-year program of doing so.
- Chevron’s 2020 capex cutbacks in the Permian, a short-cycle basin, led to lower production there warranted by low prices and 2020 oil oversupply. Post-Uri this may reverse.
For further details see:
Chevron Increases Dividend, Will Resume Repurchases Later