Here's How Many Shares of Chevron You Should Own to Receive $10,000 in Annual Dividends

Core Viewpoint - Chevron is highlighted as an attractive investment for passive income through its dividends, with a strong history of dividend growth and financial flexibility to support future increases [1][6]. Dividend Information - Chevron currently pays a quarterly dividend of $1.71 per share, totaling$6.84 annually [4]. - To achieve $10,000 in annual dividends, an investor would need to own approximately 1,462 shares, requiring an initial investment of about$199,212 at the current share price of $136.26 [4]. Dividend Growth Potential - Chevron announced a 5$15.3 billion in 2024, with dividends paid amounting to $11.8 billion, suggesting the capacity to allocate more free cash flow to dividends if desired [8]. - The company aims to increase its free cash flow by$10 billion by 2026 through enhanced production and reduced expenses [9]. Share Repurchase Program - In 2024, Chevron repurchased $15.2 billion of its outstanding shares and plans to continue with annual stock buybacks between$10 billion and $20 billion, which can enhance shareholder value by reducing the number of outstanding shares [10]. Future Outlook - Despite recent stock performance challenges, Chevron is increasing production and investing in renewable energy and carbon capture initiatives, which may yield significant long-term benefits [11].