Shareholder Returns: Chevron returned over 100% of its Q2 free cash flow to shareholders through dividends ($2.9 billion) and share buybacks ($2.6 billion), totaling $5.5 billion. This commitment to shareholder returns further supports the potential for stock appreciation.
MW running us into debt to increase shareholder returns is insane. Your employees say ph-k you!
It reflects a management so incompetent that they have no idea how to invest capital to make money. One can only progress a short distance farther on burning a ship's deck boards, but perhaps they think that is all they need to get that slightly better retirement payout.
This happens when you have a nonexistent strategy, no growth plans and nothing to invest in to grow your company. At this pace Chevron will be a nonOp investor in ten to 20 years. Maybe that is the strategy? Maybe this explains the board's tolerance of our poor stock price and seemingly nonexistent growth plans?
Chevrons purpose is literally to enhance shareholder wealth. Thats it. Not to create jobs or keep jobs. Or a have a career plan. It’s to make its shareholders money. Just like every other publicly traded company.
@OP don’t forget that shameless MN is pulling a Sally Struthers asking us to rein in OPEX by end of year. I proposed clawing back the ELT’s outrageous compensation but was unsuccessful
Looks like HR has been through this thread to mass downvote 😂
MW concern is about the stock price and the dividend. If that means more layoffs or buying companies to gain reserves then that's what it'll be. I admit that I know nothing about running a international billion dollar corporation but this doesn't seem like a sustainable model.
When a company returns most of their FCF to shareholders, it's an implicit admission that shareholders can find better return on their capital than the company can offer. MW continues to brag about failure.
Snake eating its own tail
The economy is starting to turn down, recession bells are ringing, and the company is beginning its circular path around the drain. Yep. The golden age is upon us.
Sir, this is a Wendy’s.