Chevron raises dividend 5% amid lower profits, aiming for $10 billion cash flow growth by 2026.
Chevron increased its dividend by 5% despite lower profits due to falling oil prices and reduced margins. The company's adjusted fourth-quarter earnings missed analyst expectations, but CEO Mike Wirth projects improved finances from new projects, including the Tengiz project in Kazakhstan, aiming for $10 billion in additional free cash flow growth by 2026. Chevron's stock has risen 8% this year, outpacing Exxon's performance.
2 months ago
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