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Attacking Chevron, Democrats embrace populist authoritarianism

Chevron is a private company engaged principally in the hydrocarbon sector of the global economy. Market returns indicate that Chevron is well managed and that its board maximizes shareholder value. Over the past 12 months, Chevron’s share price is up 39%. Over that same time frame, the S&P 500 is down 19%. Over the past decade, the average annual capital return from investing in Chevron is 9%. Last week, Chevron’s board announced an increase in the dividend of the company. The company has increased its dividend for 36 consecutive years. And the board authorized a share buyback with a value of $75 billion.

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Author: James Rogan