Caterpillar sees $2.5B stock repurchase in Q3 Caterpillar is announcing its intention to repurchase approximately $2.5B of Caterpillar common stock during the third quarter of 2014. This repurchase is part of the $10B stock repurchase authorization previously approved by the Board of Directors in the first quarter of 2014. The $2.5B repurchase expected in the Q3 is in addition to the approximately $1.7B that was repurchased by the company in Q1.
Exxon Mobil announces Doug Oberhelman elected to board Exxon Mobil (XOM) announced that its shareholders have elected Doug Oberhelman to its board of directors. Oberhelman is chairman of the board of directors and CEO of Caterpillar (CAT). With the election of Oberhelman, the ExxonMobil board stands at 12 directors, 11 of whom are non-employee directors. Oberhelman was named CEO and chairman of Caterpillar’s board in 2010. Prior to that, he served as group president of various divisions within Caterpillar from 2002 to 2010, and was elected a Caterpillar vice president and CFO in 1995.