Here's a reference:
Lemma (Stacks 0BUG): Let $k$ be a field. Let $X$ be a proper scheme over $k$.
- $A=H^0(X,\mathcal{O}_X)$ is a finite-dimensional $k$-algebra.
- $A=\prod_{i=1,\cdots,n} A_i$ is a product of Artinian local $k$-algebras, one factor for each connected component of $X$.
- If $X$ is reduced, then $A=\prod_{i=1,\cdots,n} k_i$ is a product of fields, each a finite extension of $k$.
...
- If $X$ is geometrically integral, then $A=k$.
This gives that $k[X]=k$ and $\overline{k}[X]=\overline{k}$, and therefore $\overline{k}[X]^*=\overline{k}^*$.
The key facts for the proof are the fact that the pushforward of a coherent sheaf along a proper morphism is coherent (02I5) and the fact that cohomology commutes with flat base extension (02KE). With those in hand, we can play a few little games with $A$ to get the results.
As for your follow-up question regarding $k(X)^*$: no, that's not true. Try taking a look at $X=\Bbb P^n_k$, for instance - you shouldn't find it too hard to compute $k(X)^*$ in that case.