Chevron's 3.67% dividend yield requires 144 shares worth $27,248 for $1,000 annual income. The energy giant has raised payouts for 39 straight years.
Alpha Score of 65 reflects moderate overall profile with strong momentum, moderate value, moderate quality, moderate sentiment.
Chevron (NYSE: CVX) pays a dividend yield of 3.67%, meaning an investor needs about 144 shares – a stake worth roughly $27,248 – to generate $1,000 in annual passive income. The energy company has raised its payout for 39 consecutive years, a streak that stretches across recessions, oil price crashes, and the pandemic.
That durability reflects a business designed to handle volatility. Chevron operates across the energy value chain, from exploration and production to refining and marketing. When crude prices fall, downstream operations can cushion the blow. The company also keeps spending disciplined, focusing on low-cost, high-margin assets in the Permian Basin and the Gulf of Mexico.
Chevron made shareholder returns a priority. It has recorded 16 straight quarters of returning more than $5 billion to investors, including $3.5 billion in dividends in the first quarter of this year, the company said in its latest earnings report. In 2025, it closed an all-stock acquisition of Hess Corp., picking up a 30% stake in Guyana's offshore Stabroek Block – a field with some of the highest cash margins in the industry.
The Hess deal strengthened Chevron's long-term production profile without stretching the balance sheet. The company said its free cash flow covers capital spending and dividends even if Brent crude falls below $50 a barrel. Higher oil prices, driven by geopolitical tensions in Iran, add upside to that cash flow, funding further dividend growth and share buybacks.
Chevron carries an Alpha Score of 55 out of 100, reflecting a moderate risk-reward profile. For income investors, the stock offers a yield that ranks among the highest in the integrated oil sector, backed by a balance sheet that can absorb commodity swings.
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