Chevronreason 03 of 4a reason to hold, not a barrierderived 2026-09-11accession 0000093410-26-000167
Cash provided by operating activities in H1 2026 was $25.1 billion, compared with $13.8 billion in the year-ago period
Dividends of $7.0 billion paid to common stockholders during H1 2026; quarterly dividend declared at $1.78 per share
The company repurchased 281 million shares for $44.0 billion under the 2023 Program, including $3.0 billion in Q2 2026
Share repurchases in Q3 2026 expected between $2.5-$3.0 billion
Total debt and finance lease liabilities were $37.1 billion at June 30, 2026, down from $40.8 billion at December 31, 2025
the finding
Cumulative share repurchases under the 2023 Program updated from 264.4 million shares for $41.0 billion to 281 million shares for $44.0 billion, consistent with the stated repurchase figures.
The report says this changed. It does not say whether that is good or bad, so neither do we.
before · MD&A · 2026-03-31 → 2026-06-30
“the company has repurchased 264.4 million shares for $41.0 billion under the 2023 Program, including 13.6 million shares repurchased for $2.5 billion in first quarter 2026”
→ after
“the company has repurchased 281 million shares for $44.0 billion under the 2023 Program, including 16.2 million shares repurchased for $3.0 billion in second quarter 2026”
the evidence · every sentence checkedfive sentences · whole, uncut
the claims it rests on
“Cash provided by operating activities in H1 2026 was $25.1 billion, compared with $13.8 billion in the year-ago period”
“Dividends of $7.0 billion paid to common stockholders during H1 2026; quarterly dividend declared at $1.78 per share”
“The company repurchased 281 million shares for $44.0 billion under the 2023 Program, including $3.0 billion in Q2 2026”
“Share repurchases in Q3 2026 expected between $2.5-$3.0 billion”
“Total debt and finance lease liabilities were $37.1 billion at June 30, 2026, down from $40.8 billion at December 31, 2025”