Last update: Jun 6, 2026 at 10:07
Dividend Safety Rating
CVX's dividend appears safe and well-supported. Strengths include a 39.2% cfo payout ratio & 17.2x interest coverage. Areas of concern: 120.4% earnings payout ratio & 96.5% fcf payout ratio. As a Dividend Aristocrat with 25+ consecutive years of increases, CVX has a proven commitment to shareholders.
Based on 15 of 15 metrics
Strengths
- Interest Coverage: 17.2xEarnings cover interest payments many times over.
- Debt-to-Equity: 24.0Conservative debt level relative to equity.
- Dividend Streak: Aristocrat (25+ yrs)Long, uninterrupted dividend track record.
Risks
- Earnings Payout Ratio: 120.4%High earnings payout ratio leaves little safety margin.
- FCF Payout Ratio: 96.5%Free cash flow is tight relative to the dividend.
- Return on Equity: 6.6%Return on equity is below industry norms.
Payout & Coverage
CautionBalance Sheet
SafeProfitability
WarningDividend Track Record
SafeAbout Chevron Corporation
Chevron Corporation is an integrated energy company engaged in the exploration, production, refining, and marketing of oil and natural gas worldwide. It ranks as the second-largest oil company in the United States, with daily production of 3.1 million barrels of oil equivalent, including 1.8 million barrels of liquids and 7.7 million cubic feet of natural gas. Operations span North America, South America, Europe, Africa, Asia, and Australia, supported by refineries in the US and Asia boasting a total capacity of 1.8 million barrels per day. As of year-end 2023, proven reserves stood at 11.1 billion barrels of oil equivalent, comprising 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas. The company also manufactures transportation fuels, lubricants, petrochemicals, and additives while developing energy technologies. Headquartered in Houston, Texas, and founded in 1879, Chevron Corporation employs approximately 45,600 people and plays a pivotal role in the global energy sector, particularly within the oil and gas integrated industry, contributing to large-value stock classifications in financial markets.
Dividend Overview
Dividend Yield
3.73%
Annual Dividend
$6.98
Frequency
Quarterly
Payout Ratio
120.38%
FCF Payout Ratio
96.46%
Stock Price
$187.31
52-Week Range
$136.70 – $214.71
Dividend History (2016–2025)
CVX annual dividend per share and yield history
Earnings & Profitability
CVX earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
May 19, 2026
Next Payment Date
June 10, 2026
Dividend Growth
3-Year Dividend CAGR
6.39%
5-Year Dividend CAGR
5.80%
10-Year Dividend CAGR
4.80%
3-Year Total Growth
20.42%
5-Year Total Growth
32.56%
10-Year Total Growth
59.81%
Dividend Aristocrat (25+ yrs)
This company has increased its dividend for 25+ consecutive years.
Income Calculator
Similar Dividend Stocks
| Stock | Yield | 5Y CAGR | Price |
|---|---|---|---|
| 3.73% | 5.80% | $187.31 | |
| 2.72% | 2.82% | $149.92 |
Frequently Asked Questions
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How is CVX's Dividend Safety Rating calculated?
Want to understand how we rate dividend safety? Read our full methodology
Track CVX Dividends with OnlyDividends
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.