Thursday, January 26, 2023

Biden's Energy Policy: No More Drilling -- January 26, 2023

CVX will support the president's energy policy.

CVX won't use al of their profits for more drilling -- will return some of that cash to shareholders: $75-billion-share buyback and an increase in the quarterly dividend from $1.42 to $1.51, a six percent increase.

By the way, NSC also increased its quarterly dividend. Remember: we're in a recession.  NSC is a railroad.

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.     

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