Chevron Sent a Record $7.7 Billion in Cash to Its Investors Last Quarter, and There's Plenty More to Come

Chevron (NYSE: CVX) is a cash-generating machine. The oil company's integrated operations produce a lot of cash each quarter, giving it money to invest in growing its business and return cash to shareholders. The company's cash returns hit a record $7.7 billion in the third quarter, fueled by its growing dividend and a record amount of share repurchases. Chevron has put itself in a strong position to continue returning a lot of cash to its investors in the future. Chevron produced $9.7 billion in cash flow from operations during the third quarter, bringing its year-to-date total to $22.8 billion. Its third-quarter tally was roughly flat compared with the year-ago period despite lower oil prices during the third quarter. Chevron offset the impact of lower oil prices by growing its production by 7%, thanks to record production in the Permian and the impact of its PDC Energy acquisition, and by receiving higher dividends from an equity affiliate. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool