Why Chevron Stock Jumped Friday

The stock of energy giant Chevron (CVX 2.86%) popped Friday morning after the company reported its fourth-quarter and full-year 2023 results. Chevron shares jumped as much as 3.3%. As of 11:35 a.m. ET, shares were still higher by 3%.The company's shares have lost more than 12% over the last year, but investors are having a positive reaction to an earnings beat and dividend increase today.8% dividend boostChevron reported earnings of $2.3 billion for the fourth quarter. Its adjusted earnings of $3.45 per sha ...