Chevron (CVX) Dividend History & Yield
Dividend ChampionChevron (CVX) has increased its dividend for 39 consecutive years and currently yields 3.65%. The most recent dividend was $1.7800/share on Mar 10, 2026, paid Quarterly.
CVX
Current Yield
3.65%
TTM Dividend/Share
$6.98
Payment Frequency
Quarterly
Payout Ratio
121.0%
Consecutive Growth Years
39 (Dividend Champion)
Div Growth (1Y CAGR)
4.91%
Div Growth (5Y CAGR)
5.80%
Div Growth (10Y CAGR)
4.80%
CVX: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
9.4%
FCF payout ratio
26.4%
Net debt / EBITDA
1.0x
Interest coverage
11.57x
ROIC (TTM)
5.5%
Dividend Safety Score
5 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 121.0%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($8.97) covers dividend/share ($6.98).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
39 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 26.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 1.0x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.8%) exceeds EPS growth (-7.4%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 19, 2026
- Payment date
- Jun 10, 2026
- Dividend
- $1.7800
- Adj. dividend
- $1.7800
Ex-date Feb 17, 2026
- Payment date
- Mar 10, 2026
- Dividend
- $1.7800
- Adj. dividend
- $1.7800
Ex-date Nov 18, 2025
- Payment date
- Dec 10, 2025
- Dividend
- $1.7100
- Adj. dividend
- $1.7100
Ex-date Aug 19, 2025
- Payment date
- Sep 10, 2025
- Dividend
- $1.7100
- Adj. dividend
- $1.7100
Ex-date May 19, 2025
- Payment date
- Jun 10, 2025
- Dividend
- $1.7100
- Adj. dividend
- $1.7100
Ex-date Feb 14, 2025
- Payment date
- Mar 10, 2025
- Dividend
- $1.7100
- Adj. dividend
- $1.7100
Ex-date Nov 18, 2024
- Payment date
- Dec 10, 2024
- Dividend
- $1.6300
- Adj. dividend
- $1.6300
Ex-date Aug 19, 2024
- Payment date
- Sep 10, 2024
- Dividend
- $1.6300
- Adj. dividend
- $1.6300
Ex-date May 16, 2024
- Payment date
- Jun 10, 2024
- Dividend
- $1.6300
- Adj. dividend
- $1.6300
Ex-date Feb 15, 2024
- Payment date
- Mar 11, 2024
- Dividend
- $1.6300
- Adj. dividend
- $1.6300
Ex-date Nov 16, 2023
- Payment date
- Dec 11, 2023
- Dividend
- $1.5100
- Adj. dividend
- $1.5100
Ex-date Aug 17, 2023
- Payment date
- Sep 11, 2023
- Dividend
- $1.5100
- Adj. dividend
- $1.5100
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 19, 2026 | Jun 10, 2026 | $1.7800 | $1.7800 |
| Feb 17, 2026 | Mar 10, 2026 | $1.7800 | $1.7800 |
| Nov 18, 2025 | Dec 10, 2025 | $1.7100 | $1.7100 |
| Aug 19, 2025 | Sep 10, 2025 | $1.7100 | $1.7100 |
| May 19, 2025 | Jun 10, 2025 | $1.7100 | $1.7100 |
| Feb 14, 2025 | Mar 10, 2025 | $1.7100 | $1.7100 |
| Nov 18, 2024 | Dec 10, 2024 | $1.6300 | $1.6300 |
| Aug 19, 2024 | Sep 10, 2024 | $1.6300 | $1.6300 |
| May 16, 2024 | Jun 10, 2024 | $1.6300 | $1.6300 |
| Feb 15, 2024 | Mar 11, 2024 | $1.6300 | $1.6300 |
| Nov 16, 2023 | Dec 11, 2023 | $1.5100 | $1.5100 |
| Aug 17, 2023 | Sep 11, 2023 | $1.5100 | $1.5100 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Chevron has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 39 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $6.8400 | — | — |
| 2025 | $6.5200 | $6.8400 | +4.9% |
| 2024 | $6.0400 | $6.5200 | +7.9% |
| 2023 | $5.6800 | $6.0400 | +6.3% |
| 2022 | $5.3100 | $5.6800 | +7.0% |
| 2021 | $5.1600 | $5.3100 | +2.9% |
| 2020 | $4.7600 | $5.1600 | +8.4% |
| 2019 | $4.4800 | $4.7600 | +6.2% |
| 2018 | $4.3200 | $4.4800 | +3.7% |
| 2017 | $4.2900 | $4.3200 | +0.7% |
| 2016 | $4.2800 | $4.2900 | +0.2% |
| 2015 | $4.2100 | $4.2800 | +1.7% |
| 2014 | $3.9000 | $4.2100 | +7.9% |
| 2013 | $3.5100 | $3.9000 | +11.1% |
| 2012 | $3.0900 | $3.5100 | +13.6% |
| 2011 | $2.8400 | $3.0900 | +8.8% |
| 2010 | $2.6600 | $2.8400 | +6.8% |
| 2009 | $2.5300 | $2.6600 | +5.1% |
| 2008 | $2.2600 | $2.5300 | +11.9% |
| 2007 | $2.0100 | $2.2600 | +12.4% |
| 2006 | $1.7500 | $2.0100 | +14.9% |
| 2005 | $1.5300 | $1.7500 | +14.4% |
| 2004 | $1.4300 | $1.5300 | +7.0% |
| 2003 | $1.4000 | $1.4300 | +2.1% |
| 2002 | $1.3250 | $1.4000 | +5.7% |
| 2001 | $1.3000 | $1.3250 | +1.9% |
| 2000 | $1.2400 | $1.3000 | +4.8% |
| 1999 | $1.2200 | $1.2400 | +1.6% |
| 1998 | $1.1400 | $1.2200 | +7.0% |
| 1997 | $1.0400 | $1.1400 | +9.6% |
| 1996 | $0.9625 | $1.0400 | +8.1% |
| 1995 | $0.9250 | $0.9625 | +4.1% |
| 1994 | $0.8750 | $0.9250 | +5.7% |
| 1993 | $0.8250 | $0.8750 | +6.1% |
| 1992 | $0.8125 | $0.8250 | +1.5% |
| 1991 | $0.7375 | $0.8125 | +10.2% |
| 1990 | $0.7000 | $0.7375 | +5.4% |
| 1989 | $0.6375 | $0.7000 | +9.8% |
| 1988 | $0.6000 | $0.6375 | +6.2% |
| 1987 | $0.6000 | $0.6000 | 0.0% |
| 1986 | $0.6000 | $0.6000 | 0.0% |
| 1985 | $0.4500 | $0.6000 | +33.3% |
| 1984 | $0.2688 | $0.4500 | +67.4% |
| 1976 | $0.2500 | $0.2688 | +7.5% |
| 1975 | $0.2500 | $0.2500 | 0.0% |
| 1974 | $0.1672 | $0.2500 | +49.5% |
| 1973 | $0.1813 | $0.1672 | -7.8% |
| 1972 | $0.1750 | $0.1813 | +3.6% |
| 1971 | $0.1750 | $0.1750 | 0.0% |
| 1970 | — | $0.1750 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Chevron (CVX) from the consolidated cash flow statement, in USD as filed.
Latest period
$13.29B
YoY change
+8.1%
5Y CAGR
+5.7%
Peak year (2025)
$12.75B
Latest annual
$12.75B
Cash dividends paid over time for Chevron (CVX)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Chevron (CVX)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $12.75B | +8.1% | +$951.00M | ||
| 2024 | $11.80B | +4.1% | +$464.00M | ||
| 2023 | $11.34B | +3.4% | +$368.00M | ||
| 2022 | $10.97B | +7.8% | +$789.00M | ||
| 2021 | $10.18B | +5.5% | +$528.00M | ||
| 2020 | $9.65B | +7.7% | +$692.00M | ||
| 2019 | $8.96B | +5.4% | +$457.00M | ||
| 2018 | $8.50B | +4.5% | +$370.00M | ||
| 2017 | $8.13B | +1.2% | +$100.00M | ||
| 2016 | $8.03B | +0.5% | +$40.00M | ||
| 2015 | $7.99B | +0.8% | +$64.00M | ||
| 2014 | $7.93B | +6.1% | +$454.00M | ||
| 2013 | $7.47B | +9.2% | +$630.00M | ||
| 2012 | $6.84B | +11.5% | +$705.00M | ||
| 2011 | $6.14B | +8.2% | +$465.00M | ||
| 2010 | $5.67B | +7.0% | +$372.00M | ||
| 2009 | $5.30B | +2.7% | +$140.00M | ||
| 2008 | $5.16B | +7.7% | +$371.00M | ||
| 2007 | $4.79B | +9.0% | +$395.00M | ||
| 2006 | $4.40B | +16.4% | +$618.00M | ||
| 2005 | $3.78B | +16.7% | +$542.00M | ||
| 2004 | $3.24B | +8645.9% | +$3.20B | ||
| 2003 | $37.00M | -98.8% | -$2.95B | ||
| 2002 | $2.99B | +4.7% | +$133.00M | ||
| 2001 | $2.86B | +2.5% | +$69.00M | ||
| 2000 | $2.79B | +4.4% | +$117.00M | ||
| 1999 | $2.67B | +67.4% | +$1.08B | ||
| 1998 | $1.60B | +6.9% | +$103.00M | ||
| 1997 | $1.49B | +9.9% | +$135.00M | ||
| 1996 | $1.36B | +8.2% | +$103.00M | ||
| 1995 | $1.25B | +4.1% | +$49.00M | ||
| 1994 | $1.21B | +5.9% | +$67.00M | ||
| 1993 | $1.14B | +2.2% | +$24.00M | ||
| 1992 | $1.11B | — | — |
The 2025 reading of Chevron (CVX) dividends paid is $12.75B – grew 8.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Chevron dividends paid compounded at +5.7% per year, sustaining 22 straight years of year-over-year growth.
$12.75B stands as the all-time-high annual dividends paid, posted in 2025, against a low of $37.00M during 2003.
Among 8 Energy peers, Chevron (CVX) ranks 2nd; the peer median for dividends paid is $2.30B.
Chevron Dividends Paid 2025: $12.75B
Chevron dividends paid in 2025 was $12.75B, grew 8.1% from 2024. This figure represents the highest annual value in the available history.
Chevron Dividends Paid 2024: $11.80B
Chevron dividends paid in 2024 was $11.80B, edged up 4.1% from 2023.
Chevron Dividends Paid 2023: $11.34B
Chevron dividends paid in 2023 was $11.34B, edged up 3.4% from 2022.
Chevron Dividends Paid 2022: $10.97B
Chevron dividends paid in 2022 was $10.97B, grew 7.8% from 2021.
Chevron Dividends Paid 2021: $10.18B
Chevron dividends paid in 2021 was $10.18B.
See more financial history for Chevron (CVX).
Sector peers by dividends paid
Companies in the same sector as Chevron, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $17.23B | Energy |
| Enbridge (ENB) | $11.27B | Energy |
| ConocoPhillips (COP) | $4.00B | Energy |
| Williams Companies (WMB) | $2.44B | Energy |
| EOG Resources (EOG) | $2.16B | Energy |
| SLB (SLB) | $1.60B | Energy |
| Valero Energy (VLO) | $1.41B | Energy |
| Marathon Petroleum (MPC) | $1.14B | Energy |
Frequently asked questions
Does Chevron pay dividends?
Yes, Chevron (CVX) pays quarterly dividends of approximately $6.98 per share annually, yielding 3.65%.
What is Chevron's dividend yield?
Chevron (CVX) has a current dividend yield of 3.65%.
Is Chevron's dividend safe?
Chevron (CVX) passes 5 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Chevron increased its dividend?
Chevron (CVX) has 39 consecutive years of dividend increases.
What is Chevron's dividend payout ratio?
Chevron (CVX) has a dividend payout ratio of 121.0%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Chevron's dividends paid?
Latest reported dividends paid for Chevron (CVX) is $13.29B (period ending March 31, 2026).
How has Chevron dividends paid changed year-over-year?
Chevron (CVX) dividends paid changed +8.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Chevron dividends paid?
Chevron (CVX) dividends paid compound annual growth rate is +5.7% over the most recent 5 years available.
When did Chevron dividends paid hit its highest annual value?
Chevron dividends paid reached its highest annual value of $12.75B in 2025.
What was Chevron dividends paid in 2024?
Chevron (CVX) dividends paid in 2024 was $11.80B.
What was Chevron dividends paid in 2025?
Chevron (CVX) dividends paid in 2025 was $12.75B.
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