This Overlooked Area Is a Key Growth Driver for This Magnificent Dividend Stock
Chevron(CVX) The Motley Fool·2024-09-05 17:43
Chevron continues to work toward boosting its output (and cash flow) from the Gulf of Mexico.Chevron (CVX -1.79%) has an elite record of growing its dividend. The oil giant delivered its 37 consecutive dividend increase earlier this year, the second-longest current streak in the oil patch. The company has grown its payout twice as fast as its closest peer over the last several years, including by 8% earlier this year. One of the secrets of its success is that Chevron focuses on returns over growth, which me ...