Fitch: Chevron unaffected

Fitch Ratings said Chevron Corp.'s debt ratings and outlook will not change as result of the company's recently announced $15 billion three-year stock repurchase program.

Chevron has issuer default and senior unsecured ratings of AA and short-term issuer default and commercial paper ratings of F1+.

The outlook is stable.

Fitch said it expects the program will be funded with free cash flow after capital expenditures and dividends.

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