Stock Markets1 hour ago (Jan 26, 2022 05:37PM ET)
(Reuters) -Chevron Corp and Marathon Oil Corp (NYSE:MRO) on Wednesday became the latest U.S. oil and gas companies to raise quarterly dividends as a rebound in fuel demand drives energy prices higher.
U.S oil prices jumped more than 50% last year, thanks to the global economic recovery from the coronavirus pandemic, pushing companies to return cash to shareholders through buybacks and dividends.
Chevron (NYSE:CVX) raised its quarterly dividend by 8 cents to $1.42 per share, while Marathon raised it by 16.7% to 7 cents per share.
Shares in Chevron touched an all-time high on Wednesday, with Brent crude hitting $90 for the first time in seven years, ahead of its fourth-quarter results on Friday.
Chevron, Marathon raise quarterly dividend as energy prices rally
(Reuters) – Bank of America Corp (NYSE:BAC) is raising the base salary for senior bankers, according to a person familiar with the matter, its latest attempt to retain top talent…
By Clare Jim and Jason Xue HONG KONG (Reuters) -China Evergrande Group said on Wednesday it aims to have a preliminary restructuring proposal in place within six months as the…
By Julia Love (Reuters) -A group of Amazon.com (NASDAQ:AMZN) workers has met the requirements to hold a union election at a warehouse in Staten Island, New York, a spokesperson…
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