How Exxon, Chevron And Ovintiv Power Your Portfolio With Steady Dividends
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For investors looking for steady returns, energy stocks with a proven track record of dividend growth are highly attractive. In this article, we feature three companies—Exxon Mobil Corporation, Chevron, and Ovintiv—that have demonstrated consistent dividend payouts and robust financial performance.
Exxon Mobil
Exxon Mobil Corporation (NYSE:XOM) is a global leader in the energy sector, focusing on the exploration, production, and sale of crude oil and natural gas. The company operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments, offering a range of products from fuels and lubricants to petrochemicals.
Exxon has raised its dividend for 41 consecutive years and currently pays a quarterly dividend of $0.95 per share, or $3.80 annually, yielding 3.32%.
Over the past twelve months, the company generated $335.3 billion in revenue and $32.8 billion in net income.
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Chevron
Chevron Corporation (NYSE:CVX) is one of the world’s leading integrated energy companies, involved in both upstream and downstream operations. The Upstream segment focuses on the exploration, production, and transportation of crude oil and natural gas, while the Downstream segment refines crude oil into petroleum products and manufactures renewable fuels and petrochemicals.
Chevron has raised its dividend for 36 consecutive years and pays a quarterly dividend of $1.63 per share, or $6.52 annually, yielding 4.11%.
Over the past twelve months, the company generated $192.7 billion in revenue and $20.29 billion in net income.
Ovintiv
Ovintiv Inc. (NYSE:OVV) explores, develops, produces, and markets natural gas, oil, and natural gas liquids primarily in the United States and Canada. The company’s key assets include Permian in Texas, Anadarko in Oklahoma, and Montney in British Columbia and Alberta.
Ovintiv has maintained dividend payments for 52 consecutive years and has raised its dividend for the past 5 years. The company pays a quarterly dividend of $0.30 per share, or $1.20 annually, yielding 2.57%.
Over the past twelve months, Ovintiv generated $10.45 billion in revenue and $2.08 billion in net income.
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