Due to increase in earnings per share in the second quarter 2026, Chevron's 12 Months dividend pay out ratio sequentially decreased to 66.25% in the second quarter 2026, unsurprisingly, as the Chevron earnings continue to rise, and the pay out ratio remains below CVX's average, the question arises, if Chevron will increase the dividend soon.

Within Energy sector 9 other companies have achieved higher 12 Months dividend pay out ratio. While in terms of ranking among all other companies, the company has moved form 164 in the first quarter 2026, to 218.

Dividend in Glossary

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Back to CVX Dividend Comparisons >> See also CVX's dividend growth by quarter >> See also CVX's eps growth

Cumulative Dividend Pay out Ratio	II. Quarter (Jun 30 2026)	I. Quarter (Mar 31 2026)	IV. Quarter (Dec 31 2025)	III. Quarter (Sep 30 2025)	II. Quarter (Jun 30 2025)
CVX's Pay out Ratio (TTM)	66.25 %	117.65 %	101.18 %	95.89 %	86.64 %
CVX's Dividend Pay out Ratio Total Ranking	# 218	# 164	# 171	# 215	# 244

News about Chevron Corp Dividends

Chevron's Fourth Quarter Earnings Impacted by Impairment Charges and Decommissioning Obligations

In the wake of Chevron Corporation's recent announcement, the oil and gas giant reported a decline in earnings for the fourth quarter of 2023. With earnings dropping to $2.3 billion ($1.22 per share - diluted) from the previous year's $6.4 billion ($3.33 per share - diluted), Chevron faced several challenges that impacted its financial performance. Notably, the company faced impairment charges in its U.S. upstream operations and significant decommissioning obligations from previously sold assets in the U.S. Gulf of Mexico. Additionally, foreign currency effects further weighed on the company's profitability during the period. This article will delve into the details of Chevron's fourth-quarter earnings report, shedding light on the implications and factors contributing to its financial performance.

Chevron's reported earnings of $2.3 billion for the fourth quarter of 2023 include several significant factors that affected its financial results. The most substantial impact on the company's earnings was the $1.8 billion in impairment charges related to its U.S. upstream operations. Impairment charges occur when an asset's carrying value exceeds its recoverable amount. In this case, Chevron determined that certain assets had diminished in value or were no longer economically feasible, leading to this significant write-down. Although such impairment charges are non-cash expenses, they signal a shift in strategy and reflect the challenges faced by the company's upstream operations.
Another contributor to Chevron's reduced earnings was the $1.9 billion in decommissioning obligations from previously sold assets in the U.S. Gulf of Mexico. As a responsible corporate citizen, Chevron is accountable for fulfilling its decommissioning obligations, which involve safely closing and restoring oil and gas production facilities after they cease operations. While these obligations are a necessary part of the industry's commitment to environmental sustainability, they can create financial burdens for oil companies, impacting their immediate earnings.

CVX's Dividend Pay out Ratio Company Ranking
Within:	No.
Oil & Gas Integrated Operations Industry	# 2
Energy Sector	# 10
S&P 500	# 218

Dividend Pay out Ratio Statistics
High	Average	Low
620.72 %	70.92 %	20.87 %
(Mar 31 2016)		(March 31, 2011)

Other Dividend Ratios
Highest Ranking Dividend Yield
Lowest Ranking Dividend Yield
Annual Dividend Pay out for CVX
CVX's Dividend Yield

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