Market movers: Stocks seeing action on Tuesday - and why

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A look at North American equities heading in both directions

) on Tuesday raised its share buyback outlook to between US$10-billion and US$20-billion per year and reaffirmed its production guidance of more than 3-per-cent annual growth by 2027.

Chevron last year returned US$26-billion via dividends and buybacks to shareholders and invested US$15.7-billion in operations. “This year we’ll be running four grid-powered rigs and one natural gas driven frac spread. Around 40 per cent of our grid-supplied power will be from wind and solar,” the company added.) declined after Chief Executive David Solomon said the company is considering “strategic alternatives” for its consumer business after stumbles led to billions of dollars in losses.

The bank restated a longer-term target for return on tangible equity of 15 per cent to 17 per cent “through the cycle” and said it had “significant” room to grow market share for wealth management in the United States and globally. Observers will focus on his plans to decrease Goldman’s reliance on trading and investment banking, which can be whipsawed by market volatility.

 

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