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Chevron raises dividend for 38 years, expects 10%+ growth through 2030 amid high oil prices.

Market News
10 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Chevron has increased its dividend for 38 consecutive years and generated over $20 billion in free cash flow last year. The company remains profitable even at $50 per barrel of oil, while current prices are around $90 and expected to stay high through 2026. Management forecasts a compound annual growth rate of over 10% in cash flow and earnings through 2030 if oil prices hold at $70, with $10-20 billion returned to shareholders. This positions Chevron as a strong long-term investment in the energy sector amid favorable market conditions.

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