Chevron Corporation dividend – Chevron Raises Quarterly Dividend by 6.3%, from $1.42 to $1.51 per Share

Trending News ☀️

Chevron Corporation dividend – It is the second-largest publicly traded oil and gas company in the United States, and its core businesses include exploration and production of oil and natural gas, refining and marketing, and petrochemicals. Chevron ($NYSE:CVX) has a long history of providing shareholders with consistent dividend payments and share repurchases. The company recently announced an increase of 6.3% in its quarterly dividend, from $1.42 to $1.51 per share. The increase is in line with Chevron’s commitment to return cash to shareholders through dividends and share repurchases. Chevron’s financial strength and dedication to creating value for shareholders are evident in its dividend policy.

This reflects the company’s confidence in its ability to generate long-term growth and meet its obligations to shareholders. Chevron’s commitment to creating value for shareholders is further demonstrated by its share repurchase program. The company has been actively buying back shares on the open market since April 2020, with a total repurchase amount of $5 billion in 2020. Chevron’s commitment to returning cash to shareholders through dividends and share repurchases demonstrates its long-term commitment to creating value for its stakeholders. With a higher dividend yield and an ongoing share repurchase program, Chevron is well-positioned to continue delivering value for shareholders in the future.

Dividends – Chevron Corporation dividend

This translates to dividend yields of 4.07%, 5.22%, and 5.67% respectively, with an average dividend yield of 4.99%, making Chevron Corporation a great option for those looking for dividend stocks. The news of the dividend increase was welcomed by investors, with the stock price rising in response. This is a testament to the company’s commitment to its shareholders, and will likely have a positive impact on investor sentiment going forward.

The increased dividend also makes Chevron Corporation a more attractive option for those looking for income-generating investments. The increase in dividend yield is sure to attract investors who are looking for reliable dividend stocks, making Chevron Corporation an attractive option for them.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Chevron Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Chevron Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Chevron Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Chevron Corporation are shown below. More…

Price History

The increase is in line with Chevron’s commitment to delivering sustainable returns to shareholders and reflects the company’s strong financial position. The dividend is payable on June 10, 2020, to shareholders of record as of the close of business on May 1, 2020. Chevron Corporation stock opened on Wednesday at $179.3, and closed at $179.1, down 1.0% from the last closing price of $180.8. Chevron Corporation continues to be a reliable dividend payer and its commitment to increasing dividends shows its dedication to delivering returns to shareholders. The company is well positioned to continue to deliver strong financial results and increase shareholder value in the long term. Live Quote…

VI Analysis

CHEVRON CORPORATION is an attractive investment option for those looking for high dividend, growth and medium asset, profitability. It is classified as a ‘cheetah’ type of company, which means it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This company has a high health score of 10/10 with regard to its cashflows and debt, making it capable to sustain future operations in times of crisis. The company’s fundamentals reflect its long term potential, as evidenced by its strong revenue growth. Furthermore, its dividend yield has remained relatively stable over the past few years. This suggests that investors are likely to see a return on their investments in the long term. Another positive factor of investing in CHEVRON CORPORATION is its ability to maintain a strong balance sheet. This indicates that the company is able to pay off its debt obligations in the event of an unexpected downturn. Overall, CHEVRON CORPORATION is a good option for those looking for an opportunity to grow their investments in a low-risk environment. It offers a combination of high dividend, growth and medium asset, profitability, making it an attractive investment option for many types of investors. With a strong financial position and a healthy balance sheet, investors can be assured that they will see a return on their investments in the long term. More…

VI Peers

The Chevron Corp competes with Exxon Mobil Corp, Occidental Petroleum Corp, and ConocoPhillips. All of these companies are in the business of exploring for, developing, and producing crude oil and natural gas. Chevron is one of the largest of the supermajor oil companies, with operations in more than 180 countries.

– Exxon Mobil Corp ($NYSE:XOM)

Exxon Mobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller’s Standard Oil Company, and was formed on November 30, 1999 by the merger of Exxon (formerly the Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York). The world’s seventh largest company by revenue, ExxonMobil is also the seventh largest publicly traded company by market capitalization. The company ranked ninth globally in the Forbes Global 2000 list in 2014.

– Occidental Petroleum Corp ($NYSE:OXY)

Occidental Petroleum Corp is a large American oil and gas company with operations in the United States, the Middle East, and Latin America. The company has a market cap of 63.77B as of 2022 and a return on equity of 29.73%. Occidental Petroleum is one of the largest oil and gas companies in the world and is engaged in the exploration, production, and marketing of crude oil and natural gas. The company’s primary operations are in the United States, but it also has a significant presence in the Middle East and Latin America. Occidental Petroleum is a publicly traded company and its shares are listed on the New York Stock Exchange.

– ConocoPhillips ($NYSE:COP)

ConocoPhillips is an American multinational energy corporation with its headquarters in Houston, Texas. The company is engaged in the exploration, production, marketing, and transportation of crude oil, bitumen, natural gas, and liquefied natural gas. As of December 31, 2019, the company had estimated proved reserves of 8.4 billion barrels of oil equivalent.

ConocoPhillips has a market capitalization of $150.08 billion as of January 2021. The company’s return on equity was 30.9% for the year ended December 31, 2020.

ConocoPhillips is one of the world’s largest independent exploration and production companies, with operations in more than 30 countries. The company’s main business activities include the exploration, development, production, and marketing of crude oil, natural gas, and liquefied natural gas. ConocoPhillips also has a significant refining and marketing business.

Summary

The company recently announced a 6.3% increase in its quarterly dividend from $1.42 to $1.51 per share. This is a positive sign for investors, as it indicates a strong and growing business. Chevron is a major player in the oil and gas industry, with operations in exploration, production, refining, and petrochemicals.

Its integrated operations provide shareholders with a strong and consistent source of income and growth potential. The company has a long history of excellent returns and dividends and is a great choice for dividend-seeking investors.