How Chevron Returned $119B to Shareholders Through Dividends and Buybacks
Chevron has returned $119 billion to shareholders, driven by cost and efficiency gains that turn revenue into free cash flow. The payout splits nearly evenly between $59 billion in dividends and $60 billion in share repurchases, outperforming the S&P 500 median. Management says it is progressing toward a final investment decision later this year, raising questions about what comes next.