Thirty cents a share from earnings of over $40 billion and the stockholders don't view this as a reasonable return on investment. That is nonsense. Chevron is doing just fine on an oil glut economy, but, the CEOs are screaming for more.
August 1, 2015
By Tom DeChristopher
Chevron posted net income of 30 cents a share (click here) on revenue of $40.36 billion, compared with analyst estimates of per-sharing earnings of $1.16 on $30.91 billion in revenue.
The company maintained its quarterly dividend at $1.07 per share in the second quarter, returning $2 billion to shareholders. Chevron hasn't raised its dividend since Q2 2014 and kept investors guessing as to whether it would do so later this year.
Asked on the company's conference call whether Chevron would raise the dividend by the fourth quarter, Chief Financial Officer Patricia Yarrington said, "We don't want to get out over our skis. We want to do it in a manner and at a time that we can do it in perpetuity.... We'll do it at a time that the financials allow us to get there."
Chevron said maintaining a strong dividend was its No. 1 priority and the company was committed to covering the dividend from free cash flow in 2017, and not just at the previously stated oil price of $70....
These are the folks that want to re-elect another Bush. The folks that know no end to the growth of the 1% and the 0.1%. This only takes money out of the hands of the American people and extends the timeline in the ability to develop wealth.
And what was that about election law violations so Bush could raise more money for his super-pacs?
August 1, 2015
By Tom DeChristopher
Chevron posted net income of 30 cents a share (click here) on revenue of $40.36 billion, compared with analyst estimates of per-sharing earnings of $1.16 on $30.91 billion in revenue.
The company maintained its quarterly dividend at $1.07 per share in the second quarter, returning $2 billion to shareholders. Chevron hasn't raised its dividend since Q2 2014 and kept investors guessing as to whether it would do so later this year.
Asked on the company's conference call whether Chevron would raise the dividend by the fourth quarter, Chief Financial Officer Patricia Yarrington said, "We don't want to get out over our skis. We want to do it in a manner and at a time that we can do it in perpetuity.... We'll do it at a time that the financials allow us to get there."
Chevron said maintaining a strong dividend was its No. 1 priority and the company was committed to covering the dividend from free cash flow in 2017, and not just at the previously stated oil price of $70....
These are the folks that want to re-elect another Bush. The folks that know no end to the growth of the 1% and the 0.1%. This only takes money out of the hands of the American people and extends the timeline in the ability to develop wealth.
And what was that about election law violations so Bush could raise more money for his super-pacs?
