Chevron (CVX) to Raise Buyback to $5B Per Year
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Chevron Will Not Increase Offer to Acquire Anadarko
May 9, 2019 8:26 AM EDTDemonstrates Capital Discipline
Will receive $1 billion cash termination fee Increasing share repurchase rate by 25 percent to $5 billion per year Committed to its advantaged portfolio and long-term value propositionSAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) announced today that, under the terms of its previously announced Merger Agreement with Anadarko Petroleum Corporation (NYSE: APC), it will not make a counterproposal and will allow the four-day... More
