|
Chevron Announces Stock Buyback Program |
|
|
Written by Miranda Marquit
|
|
Wednesday, 26 September 2007 |
Chevron stock buyback gives CVX stock a boost.
Over the next three years, Chevron (CVX) plans to re-invest $15 billion in itself through a stock buyback program. Since Big Oil is enjoying a bullish-bias stock market along with everyone else, there's no reason why Chevron can't add to its own party by helping out. On the news that Chevron would instigate the stock buyback program, CVX stock got a nice boost. After all, you want to buy it because you know that it might easily be bought back. Reuters reports on the Chevron stock buyback program:
Chevron said its strong cash flows have enabled it to repurchase shares, as well as fund a significant capital program, increase its dividends, and reduce its debt.
This reasoning leads one to think about some of the fundamental issues underlying CVX stock. Strong cash flows (from high prices), a funded capital program and reduced debt are good things. These are indicators of a solid company, and one that is making plans to remain solid.
Disclosure: I do not own CVX stock.
Site disclaimer.
Big Oil 
CVX 
Miranda Marquit 
 |
Miranda Marquit |
| About the author: |
| Miranda is journalistically trained freelance writer who enjoys working out of her home nestled in the beautiful Cache Valley in Utah. |
| Read More >> | |
|
Last Updated ( Tuesday, 09 October 2007 )
|
ThePanelist Latest Postings
Subscribe to this comment's feed