Chevron's Primary Focus Is Growing the Dividend: CFO

The transcript discusses the company's improved performance, focusing on increased dividends and share buybacks. It outlines the criteria for consistent buybacks, considering market conditions and debt management. The market outlook is positive, with a focus on growing dividends and managing through commodity cycles. Buybacks are a lower priority compared to dividends, business investment, and maintaining a strong balance sheet. The potential tax on buybacks is viewed unfavorably, as the company believes in returning excess cash to shareholders.

What has the company achieved in terms of dividends since pre-COVID?

• No change

• A 20% increase

• A 5% increase

• A 12% increase

What is the company's approach to buybacks during different economic conditions?

• Consistently through economic cycles

• Never

• Only during economic downturns

• Only during economic booms

What is the company's primary focus besides buybacks?

• Reducing workforce

• Growing the dividend

• Increasing production

• Expanding into new markets

How does the company view the potential tax on buybacks?

• As an opportunity to increase investments

• As a positive step

• As a neutral factor

• As a discouragement to returning cash to shareholders

What sectors is the company planning to invest in with excess cash?

• Real estate

• Both traditional and new energies

• Only new energies

• Only traditional energy