Phillips 66 Increases Its Share Buyback Program By $10B
The remaining authorization under the current program was approaching its limit."Our capital allocation approach remains the same," said Mark Lashier, Phillips 66 chairman and CEO. "The increased share
Phillips 66 approved $10 billion more money to buy back its own stock, which means the company thinks it's a good value right now. When a company does a big buyback, it usually signals that leaders believe the business is healthy and doing well.
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