What did Chevron's CFO say about geopolitical risks?

Eimear Bonner said Chevron's portfolio is resilient and can withstand recent geopolitical risks.

Does Chevron plan to continue its share buyback?

Yes, Bonner reaffirmed Chevron's commitment to its share buyback program as part of its capital return policy.

Chevron CFO: Portfolio Resilient to Geopolitical Risks

Q: How do rising oil prices affect Chevron?

Bonner said rising oil prices support the company's cash flows and enhance its ability to invest and return capital.

Chevron CFO Eimear Bonner affirmed the company's portfolio resilience amid geopolitical risks. She also discussed the share buyback strategy and the impact of rising oil prices on performance.

Chevron (NYSE: CVX) CFO Eimear Bonner said in an interview on "Bloomberg The Close" that the company's portfolio remains resilient to recent geopolitical risks. Bonner noted that Chevron continues to execute its share buyback strategy and expressed optimism about rising oil prices and their positive impact on cash flows.

Details of Remarks

Portfolio Resilience

Bonner stated that Chevron's diversified portfolio enables it to withstand geopolitical tensions, without providing specific details on the risks. She added that the company focuses on long-term investments.

Buyback Strategy

Bonner reaffirmed Chevron's commitment to its share buyback program, which is part of its capital return policy. She did not mention specific figures regarding the program's size.

Oil Prices

Bonner commented on rising oil prices, saying they support the company's cash flows and enhance its ability to invest and return capital.

Context

The remarks come amid oil market volatility due to geopolitical tensions in the Middle East and Europe. Chevron's stock has risen 12% over the past year.

What This Means for Investors

Bonner's comments reflect management confidence in Chevron's strategy despite challenges. However, investors should monitor geopolitical developments and their impact on oil prices, as well as details of the buyback program in upcoming reports.