S&P 500 Dividend Aristocrats List: Sorted By Hedge Fund Sentiment

6. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 81

Chevron Corporation (NYSE:CVX) is an American energy company that is engaged in different aspects of the oil and gas industry. Since the start of 2025, the stock has surged by nearly 7%. The company recently unveiled a collaboration aimed at developing scalable energy solutions by integrating natural gas turbines with carbon capture and storage technology to meet the increasing power demands of US data centers. In addition, it successfully initiated gas production at the Sanha Lean Gas Connection project, ensuring a steady natural gas supply for the Angola Liquefied Natural Gas facility.

In the fourth quarter of 2024, Chevron Corporation (NYSE:CVX) reported earnings of $2.06 per share, missing analyst expectations due to weaker margins, which resulted in its refining segment posting a loss for the first time since 2020. Despite this, revenue for the quarter reached $52.23 billion, showing a 10.7% year-over-year increase and exceeding Wall Street forecasts by more than $3.8 billion. This growth was fueled by a 7% rise in global production and a 19% increase in US output, both reaching record levels for the year. Additionally, the company generated nearly $8 billion from asset sales and maintained a strong financial position, ending the year with a net debt ratio of 10%.

Chevron Corporation (NYSE:CVX) also remained financially robust, producing $31.5 billion in operating cash flow and $15 billion in free cash flow for FY24. The company returned nearly $12 billion to shareholders through dividend payments and repurchased more than $15 billion worth of its own shares, continuing its long-standing buyback strategy, which it has executed in 17 of the last 21 years. Chevron currently distributes a quarterly dividend of $1.71 per share, following a 4.9% increase in January—marking its 38th consecutive year of dividend growth. As of February 23, the stock has a dividend yield of 4.36%.