By Michael Dabaie

 

Chevron Corp. (CVX) said its board this week authorized a new stock repurchase program of up to $25 billion.

Chevron said in a Securities and Exchange Commission filing Friday that the new buyback program has no set term limits and replaces the July 2010 authorization.

In its quarterly report Friday, Chevron said its share repurchases were $1.0 billion in the fourth quarter.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

February 01, 2019 09:47 ET (14:47 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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