This Oil Stock's Dividend Looks Built to Last Even if Energy Prices Slump

Despite the rise of renewable energy over the years, oil and gas still play a pivotal role in meeting the world's energy needs. Chevron (NYSE: CVX) is a very popular dividend stock in the oil and gas industry. Investors love its generous dividend yield, currently about 4.1%. However, energy prices, specifically oil, have been on a steady downtrend since early 2022, when Brent crude oil traded at 120perbarrel.Today,Brentcrudeisat120 per barrel. Today, Brent crude is at 65. Lower prices mean lower revenue and profits for Chevron and othe ...

This Oil Stock's Dividend Looks Built to Last Even if Energy Prices Slump - Reportify