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Markets · Investing · Business
Finance
Chevron Just Paid Down $8.4 Billion in Debt. Should You Invest $500 in the Stock Right Now?
Chevron does everything at scale, including reducing its debt burden, and that's a good thing for investors.
Imagine being a contestant on Jeopardy! and Investing being one of the categories. Taking it a step further, one of the clues requires contestants to call out the three pillars of shareholder yield: buyback yield, dividend yield, and? Bueller?
The last one is where many market participants trip up. It's debt reduction. For many investors, reducing liabilities isn't as glamorous or as tangible as dividends or share repurchases, but it's important nonetheless. So it's commendable that Chevron(NYSE: CVX) trimmed its obligations by a record $8.4 billion during the second quarter.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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