10 Energy Stocks with Fat Dividends

5. Chevron Corporation (NYSE:CVX)

Dividend Yield as of April 18: 4.96%

Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel oil additives. The oil and gas giant owns five US fuel refineries and boasts a network of Chevron and Texaco service stations.

Chevron Corporation (NYSE:CVX) posted an adjusted EPS of $2.06 in Q4 2024, narrowly missing expectations by $0.05 after the company reported its first quarterly refining loss in four years. However, CVX’s revenue increased by 10.7% YoY to $52.23 billion, beating estimates by $3.82 billion. Notably, the company increased its worldwide and US production by 7% and 19%, respectively, to record levels in 2024. Chevron also generated $31.5 billion in operating cash flow and $15 billion in free cash flow in FY 2024, ending the year with a net debt ratio of 10%.

Chevron Corporation (NYSE:CVX) maintains a 38-year streak of consistent dividend growth, thanks to its solid business model and commitment to its shareholders. The oil and gas giant returned a record $27 billion in cash to its shareholders in 2024 and increased its quarterly dividend by 4.9% to $1.71 per share in January.