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Chevron Named to Dividend Stock Picks as Projects Poised to Add $10 Billion in Free Cash Flow Next Year

Income-focused coverage highlights the oil major’s low break-even costs supporting decades-long payout growth.

Overview

  • On Sept. 21, investment roundups from Yahoo Finance and Insider Monkey listed Chevron among the “12 Best Dividend Paying Stocks to Buy Now.”
  • Coverage says Chevron can break even near $30 per barrel, a cost profile cited as underpinning resilient cash generation in softer oil markets.
  • The Future Growth Project in Kazakhstan began producing earlier this year and new Gulf of Mexico developments were completed, with these initiatives expected to lift free cash flow by about $10 billion next year versus $15 billion last year.
  • Chevron pays a $1.71 quarterly dividend with a 4.38% yield as of Sept. 19 and has raised its payout for 38 consecutive years.
  • Some authors contrast Chevron’s stability with AI stock ideas they claim could offer greater upside, directing readers to separate reports.