Chevron Profits Decline, Stock Buybacks Slow

This is a news story, published by CNBC, that relates primarily to Chevron news.

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Chevron

CNBC

•

Business

Business & Economics

Chevron to slow pace of share buybacks as Trump tariffs and OPEC+ production weigh on oil prices

Summary

Nutrition label

78% Informative

Chevron 's profits declined more than 30% compared with the same quarter in 2024 as oil prices have sold off steeply.

The oil major said it plans to repurchase $2.5 billion to $3 billion of its own stock in the second quarter , down from $3.9 billion it bought back in the first quarter .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful