This Top Warren Buffett Stock Is a Super Dividend Stock to Buy for Passive Income

Core Insights - Chevron is a significant holding in Warren Buffett's Berkshire Hathaway, representing 6.8% of its outstanding shares valued at $16.7 billion, making it the fifth-largest holding in Buffett's portfolio [1] - The company offers a high dividend yield of 4.9$6.84 per share [4][5] - Chevron's strong financial position, characterized by a low net debt ratio of 14%, allows for continued investment and shareholder returns even during low oil price periods [6] Dividend Stability - Chevron has a history of consistent dividend growth, having increased its dividend for 38 consecutive years, outperforming peers in growth over the last decade [7] - The company is expected to generate over $800 million in dividend income for Berkshire Hathaway in the current year [1] Growth Prospects - Chevron anticipates a 6$9 billion in free cash flow at $60 oil [9][10] - The company is expanding its exploration efforts, having added over 11 million net exploration acres since last year, and is also advancing lower-carbon energy initiatives [10][11] Strategic Acquisitions - Chevron is in the process of acquiring Hess, which is expected to enhance its production and cash flow growth outlook into the 2030s, with confidence in winning a related arbitration case against Exxon [12][13] Conclusion - Chevron's robust business model, strong financial health, and growth initiatives position it as a superior dividend stock for passive income, appealing to investors seeking reliable returns [14]