Despite Lower Oil Prices, Chevron's Strategy Continues to Pay Dividends for Investors
Oil price volatility will always affect Chevron's (NYSE: CVX) financial results. That was evident in the first quarter as its earnings fell compared to the year-ago period. Meanwhile, the decline in crude prices in the current quarter has led the oil company to slow the pace of its share repurchase program. However, despite all this, Chevron's strategy is paying off. The oil giant is producing lots of cash, the bulk of which it's returning to shareholders via dividends and buybacks. With its cash flow on track to surge over the next year, it's in an excellent position to continue growing shareholder value.Image source: Getty Images.Continue reading
Oil price volatility will always affect Chevron's (NYSE: CVX) financial results. That was evident in the first quarter as its earnings fell compared to the year-ago period. Meanwhile, the decline in crude prices in the current quarter has led the oil company to slow the pace of its share repurchase program.
However, despite all this, Chevron's strategy is paying off. The oil giant is producing lots of cash, the bulk of which it's returning to shareholders via dividends and buybacks. With its cash flow on track to surge over the next year, it's in an excellent position to continue growing shareholder value.
Image source: Getty Images.
