Chevron’s (CVX) Strong Cash Flows and Low Costs Support its Growing Dividend

Core Insights - Chevron Corporation is recognized as one of the Top 15 Growth Stocks for Long-Term Investors [1] - The company operates as an integrated energy firm, engaging in all major stages of the oil and gas value chain, including upstream, midstream, and downstream operations [2] Financial Performance - Chevron has one of the most durable portfolios in the energy sector, with production costs around $30 per barrel, allowing for healthy cash flows even during low oil prices [3] - Recent expansion projects, cost-cutting measures, and the Hess merger are projected to generate an additional $12.5 billion in annual free cash flow starting next year [3] Dividend Growth - Chevron has a strong track record of increasing dividends, having raised them for 38 consecutive years, currently offering a quarterly dividend of $1.71 per share, resulting in a dividend yield of 4.59% as of October 12 [4] Strategic Initiatives - The company is advancing in low-carbon energy ventures, including a recent entry into the lithium business, which is expected to further enhance its dividend profile [4]