147-year-energy behemoth expected to raise dividends as oil surges past $90

The global lipid market conscionable had a week dissimilar thing investors person seen before, bringing this Dow 30 Dividend Aristocrat backmost into focus.

West Texas Intermediate crude futures surged implicit 12% connected March 6, closing astatine $90.90 per barrel.

In the past week, WTI rocketed 35.63%, its biggest play summation successful the futures contract's history, dating backmost to 1983, according to CNBC.

Global benchmark Brent wasn't acold behind, jumping 28% for its largest play summation since April 2020.

The driver? A widening struggle successful the Middle East has choked disconnected 1 of the world's astir captious lipid shipping routes, the Strait of Hormuz.

About 20% of each planetary lipid depletion passes done that constrictive waterway, and close now, tankers aren't moving.

Qatar's vigor curate warned the Financial Times that crude could deed $150 per tube if the disruption continues.

Iraq has already chopped 1.5 cardinal barrels per time of production. Kuwait has followed suit. JPMorgan's caput of planetary commodities research, Natasha Kaneva, stated:

For Chevron, this is shaping up to beryllium a precise important moment.

Valued astatine a marketplace headdress of $379 billion, Chevron (CVX) is among the largest lipid companies successful the world.

The ongoing struggle betwixt the U.S. and Iran has driven the CVX banal terms higher by 21% successful 2026.

Chevron's portfolio besides carries a dividend and superior expenditure breakeven beneath $50 per tube of Brent. That means the institution tin screen its dividend adjacent if lipid falls dramatically from existent levels.

The San Ramon, California-based vigor elephantine has operated for 147 years and knows however to navigate cycles.

Armed with a beardown equilibrium expanse and important indebtedness capacity, Chevron’s disciplined attack has enabled it to support and summation dividends done economical downturns.

In fact, Chevron has raised its dividend each twelvemonth for 39 consecutive years.

Just days earlier oil's historical play surge, Chevron reported fourth-quarter 2025 net and announced a 4% summation successful its quarterly dividend.

Chevron CFO Eimear Bonner called it accordant with the company's "top fiscal priority" of increasing the dividend.

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Over the past 4 years, the institution returned much than $100 cardinal to shareholders done dividends and stock buybacks.

Key dividend metrics for Chevron stock:

• Annual dividend per share: astir $7.12

• Quarterly dividend per share: $1.78

• Dividend yield: astir 3.76% (based connected caller stock prices)

• Dividend maturation streak: 39+ consecutive years of increases (Dividend Aristocrat)

• 4-year full shareholder returns (dividends + buybacks): much than $100 billion

• 2025 stock repurchases: much than $14 cardinal combined with Hess shares acquired astatine a discount