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 65. Lower prices mean lower revenue and profits for Chevron and othe ...