Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities for Quarter Ended September 30, 2024
Total Number
of Shares
Purchased (1)
Average
Price Paid
per Share (2)
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the
Program
(Billions of dollars) (3)
July 2024 16,452,996 $115.18 16,452,996 $29.1
August 2024 16,178,185 $117.14 16,178,004 $27.2
September 2024 15,110,603 $114.02 15,109,901 $25.5
Total 47,741,784 $115.45 47,740,901
(1) Includes shares withheld from participants in the company's incentive program for personal income taxes.
(2) Excludes 1% U.S. excise tax on stock repurchases.
(3) In its 2022 Corporate Plan Update released December 8, 2022, the Corporation stated that the company expanded its share repurchase program to up to $50 billion through 2024, including $15 billion of repurchases in 2022 and $17.5 billion in 2023. As stated in the 2023 Corporate Plan Update released December 6, 2023, the pace of the repurchase program increased to $20 billion annually through 2025 following the Pioneer transaction close, and is expected to total just over $19 billion in 2024. Purchases were made under terms intended to qualify for exemption under Rules 10b-18 and 10b5-1.
During the third quarter, the Corporation did not issue or sell any unregistered equity securities .
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