US oil giant Chevron Corp has cut its share buybacks by 30% due to falling oil prices, which may be linked to President Donald Trump’s trade war. The move comes despite beating earnings estimates with increased production from Kazakhstan and the Permian Basin.
Source: https://www.bloomberg.com/news/articles/2025-05-02/chevron-slashes-buybacks-as-trump-trade-war-opec-hit-oil-prices