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Chevron Cuts Buybacks As Oil Plunges

Markets

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May 2, 2025

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Bloomberg

Chevron and Exxon reported high earnings even after Chevron said it would reduce it's share buybacks because of tumbling oil prices and a trade war. Meanwhile, Exxon is sticking with its's share buyback plans as it's earnings met analysts' estimates. Goldman Sachs Head of North American Natural Equity Research Neil Mehta has more on the story. (Source: Bloomberg)

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