Chevron Announces Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Chevron Corporation declared a quarterly dividend of $1.42 per share, payable on September 12, 2022. Shareholders will receive this dividend if their names appear on the transfer records by the close of business on August 19, 2022. Chevron, a leading integrated energy company, focuses on affordable and reliable energy, aiming to reduce carbon intensity while growing lower carbon businesses alongside traditional operations.

Positive

• Quarterly dividend of $1.42 per share boosts shareholder income.
• Demonstrates company confidence in financial stability.

Negative

• Sustainability concerns may affect long-term cash reserves.

SAN RAMON, Calif.--(BUSINESS WIRE)-- The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and forty-two cents ($1.42) per share, payable September 12, 2022, to all holders of common stock as shown on the transfer records of the Corporation at the close of business August 19, 2022.

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220727005358/en/

Tyler Kruzich -- +1 925-549-8686

Source: Chevron Corporation

FAQ

What is the dividend amount declared by Chevron (CVX)?

Chevron declared a quarterly dividend of $1.42 per share.

When is the Chevron dividend payable?

The Chevron dividend is payable on September 12, 2022.

What is the record date for Chevron's dividend?

The record date for Chevron's dividend is August 19, 2022.

How often does Chevron pay dividends?

Chevron typically pays dividends quarterly.

Is Chevron's dividend sustainable?

While Chevron aims to lower carbon intensity, sustainability concerns may impact long-term financial health.