Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil.
The company’s share repurchases this year could be between $11.5bn (about R212bn) and $13bn, said Chevron CFO Eimear Bonner, which would be in the lower end of the company’s guidance of $10bn to $20bn...
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