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 factors have contributed to the company's improved capital efficiency?

How has the company's dividend changed since pre-COVID?

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

What outlook does the company have regarding demand recovery in the market?

What are the company's priorities when it comes to excess cash?