Chevron Corporation stock dividend – Chevron Stock Hits New Lows, Despite Dividend Security

🌧️Trending News

Chevron Corporation ($NYSE:CVX) is one of the leading international energy companies in the world, providing a variety of services and products for energy and chemicals. Despite its strong presence in the market, Chevron’s stock recently hit a new 52-week low. This has caused some concern among investors, as the dividend payout could be affected by the low stock prices.

However, Chevron has assured investors that the dividend payout will remain secure. The company has noted that its balance sheet is strong and that it has sufficient cash flow to cover its dividend payments. This reassurance has helped to create stability in the stock price. Furthermore, the company is taking steps to improve operations and increase efficiency, which could lead to higher stock prices in the future. Overall, while Chevron’s stock has dropped to a new 52-week low, the dividend payout is still secure and the company is taking steps to improve operations. This could lead to an increase in stock price and further security for investors.

Dividends – Chevron Corporation stock dividend

Stock prices for CHEVRON CORPORATION have recently hit new lows, despite the reliability of annual dividends. Over the last three years, CHEVRON CORPORATION has issued a dividend per share of 5.95, 5.68, and 5.31 US Dollars. Analysts have predicted that dividend yields for 2021 to 2023 will be 3.48%, 3.69%, and 5.22%, respectively, with an average dividend yield of 4.13%. These numbers point to a strong dividend security for CHEVRON CORPORATION, making it a potentially compelling stock for dividend investors.

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…

Stock Price

Monday brought a dip in stock prices for Chevron Corporation, with the price of a single share opening at $144.6 and closing at $144.4. This represents a 0.4% decrease from the previous closing price of $144.9. Despite this decline, the company’s dividend security remains intact and is expected to remain so in the near future. As such, it appears that this dip in Chevron’s stock prices may be an isolated incident. Live Quote…

Analysis

GoodWhale recently conducted an analysis of CHEVRON CORPORATION‘s wellbeing. According to Star Chart, CHEVRON CORPORATION is strong in dividend, and medium in asset, growth, profitability. We have classified CHEVRON CORPORATION as a ‘rhino’ – a type of company we conclude that has achieved moderate revenue or earnings growth. Investors who are looking for companies that are capable of sustaining their operations in times of crisis while gaining steady returns may be interested in CHEVRON CORPORATION. It has a high health score of 10/10 with regard to its cashflows and debt, making it a secure investment option. With its strong dividend and moderate growth, CHEVRON CORPORATION could be an attractive option for investors looking for stability and returns. More…

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

Chevron Corporation, a leading energy company, recently made new 52-week lows but investors can remain confident that the dividend remains safe. Analysts agree that Chevron’s dividend is secure, as the company has consistently maintained a strong balance sheet with a healthy cash position to support the dividend payments. Investors are advised to note that despite a decline in oil prices, Chevron’s underlying business fundamentals remain healthy and the company is expected to benefit from cost savings and efficiencies gained in recent years. With a strong balance sheet and cost savings already in place, Chevron is well-positioned for long-term growth.