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Chevron's second-quarter net profit more than tripled to $11.6 billion

 Last Update: 2022-09-24
 Source: Internet
 Author: User

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Chevron raised its share repurchase index on Friday after reporting its biggest quarterly results ever, helped by strong fuel margins and natural gas and natural gas.

Chevron's move could increase share buybacks

The oil giant reported second-quarter net profit of $11.

Energy demand has rebounded sharply over the past 12 months, but high prices for fuel and natural gas are hitting consumers around the world

The performance of Chevron and U.

Chevron raised the upper end of its annual share buyback guidance range to $15 billion from $10 billion previously

The company has also been using earnings to reduce its debt ratio, which is currently below 15%, below the company's expectations

Chevron has been increasing investment in the U.

　　Chief executive Michael Wirth said in a statement that the company more than doubled its investment from last year to develop traditional and new energy businesses

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