Chevron Pays $1.78 Dividend Today Backed by 39 Years of Unbroken Growth

Chevron Pays $1.78 Dividend Today Backed by 39 Years of Unbroken Growth

Quick Read Chevron (CVX) paid $1.78 per share dividend today, 39th consecutive year of growth, shares up 25.5% YTD. Q4 EPS $1.52 vs $1.44 estimate, production up 12% to 3,723 MBOED, operating cash flow $33.9B, net income down 30%. Chevron’s record production and oil price recovery drove the Q4 earnings beat, but dividend and buyback commitments exceeded free cash flow in each of the last three years. Are you ahead, or behind on retirement? Sm…