Energy giant Chevron Corp. increased its share buyback guidance on Friday after posting its biggest quarterly earnings ever, built on strong fuel margins and high prices for natural gas and oil. Chevron’s move on potentially boosting share repurchases follows those of other oil majors, including European giants TotalEnergies and Shell, which this week increased buybacks to satisfy investors looking for bigger returns. The oil major posted second-quarter net profit of $11.6 billion, or $5.95 per share diluted, more than triple the $3.1 billion, or $1.60 per share, in the same period last year. READ ALSO: Chevron Nigeria…
Read MoreChevron Posts Biggest Quarterly Earnings Ever
