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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.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

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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