Chevron Corporation (NYSE:CVX) is included among the 15 Dividend Stocks that Have Raised Payouts for 20+ Years.
On October 13, UBS reaffirmed its Buy rating on Chevron Corporation (NYSE:CVX) and kept its price target at $197.00 ahead of the company’s third-quarter 2025 earnings report. Analyst Josh Silverstein expects Chevron’s earnings per share to fall to $1.65 from $1.77, largely reflecting the impact of the Hess acquisition.
The firm does not anticipate any major operational or strategic announcements in the upcoming report, as those are likely to be shared during Chevron Corporation (NYSE:CVX)’s Analyst Day on November 12. UBS expects the event to include updates on upstream production growth, synergy realization from the Hess deal, return on capital plans, and the company’s overall capital spending outlook.
Looking further ahead, UBS highlighted several growth catalysts for Chevron Corporation (NYSE:CVX) in the latter part of the decade, including developments in Guyana, the Eastern Mediterranean, and possibly Argentina, as well as the company’s Power Venture segment.
Chevron Corporation (NYSE:CVX) also remains a favorite among income-focused investors thanks to its reliable dividend policy. The company has been growing its dividend for 38 consecutive years and offers a quarterly payout of $1.71 per share. The stock has a dividend yield of 4.51%, as of October 16.
Chevron Corporation (NYSE:CVX) is an American multinational energy firm with operations spanning oil and gas exploration, production, transportation, refining, and chemical manufacturing. Each division’s performance tends to vary depending on shifts in the broader energy cycle.
While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Must-Buy Dividend Stocks to Invest in and 11 Defensive Healthcare Dividend Stocks To Buy Now.
Disclosure: None.