Chevron Sees an Up to $8 Billion Free Cash Flow Gusher Ahead

Chevron (NYSE: CVX) already produces a lot of cash. The oil giant had hauled in more than $10 billion in free cash flow during the first nine months of last year, giving it a bounty to pay dividends and repurchase shares. It's working to produce an even bigger gusher of excess cash by 2026, with it in the position to increase its annual tally by $6 billion to $8 billion. Here's a look at what's fueling the oil giant's bullish view. Chevron CEO Michael Wirth recently stated his belief that the company can boost its free cash flow by $6 billion-$8 billion by next year. That's a hefty increase. He outlined several catalysts that position the oil company to produce an even bigger gusher of excess cash over the coming years. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool