13 Best Warren Buffett Dividend Stocks To Invest In Right Now

9. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 63

Chevron Corporation (NYSE:CVX) is an energy company that produces crude oil, natural gas, and many other essential products. The company reported Q4 2024 earnings of $2.06 per share, falling short of analysts’ expectations due to weak margins that caused its refining business to post a loss for the first time since 2020. However, the company achieved revenue of $52.23 billion for the quarter, marking a 10.7% year-over-year increase and exceeding Wall Street’s estimates by more than $3.8 billion. This growth was driven by a 7% increase in global production and a 19% rise in US production, both reaching record levels in 2024. In addition, the company generated nearly $8 billion from asset sales last year and ended the year with a strong balance sheet, maintaining a net debt ratio of 10%.

Chevron Corporation (NYSE:CVX) recently unveiled a partnership aimed at developing scalable power solutions using natural gas-fired turbines, integrating carbon capture and storage to meet the increasing energy demands of US data centers. Moreover, it successfully began gas production from the Sanha Lean Gas Connection project, ensuring a steady natural gas supply for the Angola Liquefied Natural Gas facility.

Chevron Corporation (NYSE:CVX) maintained a solid cash position in FY24, generating $31.5 billion in operating cash flow and $15 billion in free cash flow. The company returned nearly $12 billion to shareholders through dividends. Additionally, it repurchased more than $15 billion of its own shares in 2024, continuing its long-standing practice of share buybacks, which it has carried out in 17 of the past 21 years. The company currently pays a quarterly dividend of $1.71 per share, reflecting a 4.9% increase in January. This marked the 38th consecutive year of dividend growth, which makes CVX one of the best dividend stocks on our list. The stock has a dividend yield of 4.39%, as of February 10.