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Chevron (NYSE:CVX) 3-Year Dividend Growth Rate

: 5.40% (As of Dec. 2023)
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Chevron's Dividends per Share for the three months ended in Dec. 2023 was $1.51.

The historical rank and industry rank for Chevron's 3-Year Dividend Growth Rate or its related term are showing as below:

CVX' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.9   Med: 6.1   Max: 13.9
Current: 5.4

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Chevron was 13.90% per year. The lowest was 0.90% per year. And the median was 6.10% per year.

CVX's 3-Year Dividend Growth Rate is ranked worse than
56.86% of 306 companies
in the Oil & Gas industry
Industry Median: 8.1 vs CVX: 5.40

During the past 12 months, Chevron's average Dividends Per Share Growth Rate was 6.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Chevron's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.44. As of today, Chevron's Dividend Yield % is 3.96%.

Good Sign:

Chevron Corp stock dividend yield is close to 2-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Oil & Gas Integrated subindustry, Chevron's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chevron 3-Year Dividend Growth Rate Distribution

For the Oil & Gas industry and Energy sector, Chevron's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Chevron's 3-Year Dividend Growth Rate falls into.



Chevron 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Chevron  (NYSE:CVX) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Chevron's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=1.51/ 3.45
=0.44

During the past 13 years, the highest Dividend Payout Ratio of Chevron was 3.09. The lowest was 0.31. And the median was 0.62.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Chevron Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.6302024-02-152024-02-162024-03-11Cash DividendquarterlyUSD:USD 1.000000
USD 1.5102023-11-162023-11-172023-12-11Cash DividendquarterlyUSD:USD 1.000000
USD 1.5102023-08-172023-08-182023-09-11Cash DividendquarterlyUSD:USD 1.000000
USD 1.5102023-05-182023-05-192023-06-12Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Chevron's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=6.16/155.43
=3.96 %

Current Share Price is $155.43.
Chevron's Dividends per Share for the trailing twelve months (TTM) ended in Today is $6.16.

During the past 13 years, the highest Dividend Yield of Chevron was 8.01%. The lowest was 2.87%. And the median was 3.88%.

Good Sign:

Chevron Corp stock dividend yield is close to 2-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Chevron 3-Year Dividend Growth Rate Related Terms>


Chevron (NYSE:CVX) Business Description

Industry
Address
6001 Bollinger Canyon Road, San Ramon, CA, USA, 94583-2324
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.0 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.7 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2022 stood at 11.2 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 30.9 trillion cubic feet of natural gas.
Executives
Pierre R Breber officer: Vice President and President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Jeff B Gustavson officer: Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Alana K Knowles officer: VP and Controller 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Rhonda J Morris officer: Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
James William Johnson officer: Senior Vice President 5125 DOLIVER DRIVE, HOUSTON TX 77056
Alice P Gast director LEHIGH UNIVERSITY, 27 MEMORIAL DRIVE WEST, BETHLEHEM PA 18015
Michael K Wirth officer: Executive Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
R. Hewitt Pate officer: VP and General Counsel 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Andrew Nigel Hearne officer: Executive Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Wanda M Austin director 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Cynthia J Warner director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Joseph C Geagea officer: Senior Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Enrique Jr Hernandez director INTER-CON SECURITY SYSTEMS, INC., 210 SOUTH DELACEY AVENUE, PASADENA CA 91105
David A Inchausti officer: Vice Pres. and Comptroller 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Mark A Nelson officer: Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583