CVX · 10-Q · 2026Q3 · Full report
Capital Return Program
CHEVRON CORP · 2026-11-05 · Importance 47 · Surprise 6 · No source text
On January 25, 2023, Chevron’s board authorized a $75 billion share repurchase program, effective April 1, 2023, with no fixed expiration date. Through September 30, 2026, Chevron had repurchased 294 million shares for $46.5 billion, including 12.9 million shares for $2.5 billion in the third quarter of 2026. The company expects fourth-quarter 2026 repurchases of $2.5 billion to $3.0 billion, but the program and guidance do not obligate Chevron to repurchase a specific amount and may be discontinued or resumed at any time.
Key facts
- On January 25, 2023, Chevron’s Board authorized a $75 billion common-stock repurchase program, effective April 1, 2023, with no fixed expiration date. source
- Chevron expects share repurchases of $2.5 billion to $3.0 billion in fourth quarter 2026. source
- Under the 2023 Program, Chevron had repurchased 294 million shares for $46.5 billion in aggregate, including 12.9 million shares for $2.5 billion in third quarter 2026. source
- Chevron paid $10.5 billion in dividends to common stockholders in the first nine months of 2026. source
- Chevron says it can modify capital spending, discontinue or curtail stock repurchases, sell assets and increase borrowing during extended low oil and gas prices and narrow refined-product and commodity-chemical margins to continue paying its common dividend. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -7.3% | On January 25, 2023, Chevron’s Board authorized a $75 billion common-stock repurchase program, effective April 1, 2023, with no fixed… |
| cash | negative | realized | -0.8% | Under the 2023 Program, Chevron had repurchased 294 million shares for $46.5 billion in aggregate, including 12.9 million shares for $2.5… |