Is Chevron’s Dividend Safe with Lower Oil Prices?

By Rob Otman Dividend investors are concerned with recent market volatility. But Chevron’s dividend history is long and it might now make a better addition to income portfolios. Investors have beat down Chevron’s stock. They’re worried that lower oil prices might lead to a dividend cut. So, let’s take a look at the business, dividend history and payout safety going forward.
Chevron Oil Business
Chevron is a $133 billion dollar business. The company is based out of California and it employs about 48,000 people. Last year Chevron pulled in $140 billion in sales and that works out to $2.9 million per employee.
The company is an …read more

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