Chevron: Best long-term stock holdings

Chevron (New York Stock Exchange: CVX) is one of the largest integrated energy companies in the world and has increased its dividends for 39 consecutive years. If it can sustain this momentum for 50 years, it will be the king of the elite dividends. Chevron ' s current forward-looking dividends rate of 3.9 per cent is projected to be $14.11 per share in 2026, sufficient to cover the $7.12 dividends per year. While Chevron appears to be a cyclical oil stock, it has consistently increased its dividends in the face of four United States recessions, ongoing conflict in the Middle East and other global economic shocks. Chevron has upstream, midstream and downstream operations, making it more diverse, flexible and resilient than companies that focus too much on a single market. Chevron can support its capital expenditure and dividends as long as Brent crude oil prices remain above $50 per barrel. Chevron ' s oil and gas production is expected to grow by 2-3 per cent per year by 2030。