Four High Dividend Stocks for 2026: Chevron's 38-Year Dividend Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Source: Fool
- Chevron Dividend Growth: Despite the ongoing oil price slump, Chevron maintains a forward dividend yield of 4.22% and has increased its dividend for 38 consecutive years, positioning itself as a candidate for Dividend King status with continued growth expected.
- Sonoco Products Outlook: Sonoco Products has raised its dividend for 43 years, currently offering a forward dividend yield of 4.46%, and with a forward P/E ratio below 8, the stock could see significant price appreciation despite a modest 1.9% increase last year.
- Getty Realty High Yield: As a REIT focused on automotive industry real estate, Getty Realty boasts a forward dividend yield of 6.7% and has increased its dividend annually for over a decade, with potential stock appreciation likely if interest rates continue to decline.
- Target Price Recovery: Target's stock has rebounded from lows to around $105, with a forward dividend yield of 4.3% and a history of 57 consecutive years of dividend growth, suggesting that further dividend increases could drive additional stock price appreciation.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 186.290
Low
158.00
Averages
176.95
High
206.00
Current: 186.290
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Venezuela Resumes Oil Exports Amid Geopolitical Tensions
- Oil Export Resumption: Venezuela has resumed exports of diluted crude oil (DCO) for the first time in 15 months, with Chevron shipping 500,000 barrels to the U.S. Gulf Coast this month, a small volume but significant given the current geopolitical tensions.
- Shifting Market Demand: DCO is essential for specific refineries, and with the Iran conflict disrupting shipping through the Strait of Hormuz, Venezuela's oil exports have become a crucial alternative supply, ensuring stability in the U.S. market.
- Strategic Advantage Emerges: Venezuela's oil exports bypass the Strait of Hormuz entirely, mitigating current supply risks, with output expected to rise to 1.1 to 1.2 million barrels per day by year-end if sanctions are lifted, significantly impacting the global supply outlook.
- Policy Changes Drive Production: A shift in U.S. sanctions policy has allowed Chevron to operate under an indefinite license, and the new Hydrocarbon Law enhances foreign investment, boosting Venezuela's oil production capabilities.
See More
U.S. Stocks Show Minor Fluctuations Amid Rising Oil Prices
- Oil Price Surge Impacts Market: Despite the IEA's decision to release 400 million barrels from strategic reserves to address supply disruptions in the Strait of Hormuz, oil prices rose by 4.6%, exerting downward pressure on the stock market, particularly amid the ongoing conflict in Iran.
- Limited Impact from Inflation Data: February's CPI rose 2.4% year-over-year, with core CPI at 2.5%, which, while close to five-year lows, remains above the Fed's 2% target, leading to a muted market reaction and reflecting investor concerns over future inflation pressures.
- Mixed Performance in Tech Stocks: Following Oracle's strong AI demand announcement, tech stocks received a boost with Oracle's shares rising over 9%, yet other tech stocks like IBM and Microsoft saw slight declines, indicating ongoing uncertainty in investor confidence within the tech sector.
- Private Credit Market Struggles: JPMorgan Chase's restriction on lending to private credit funds has led to an exodus of investors from the $1.8 trillion sector, exacerbating market uncertainty and negatively impacting overall stock performance.
See More
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- Oracle Beats Expectations: Oracle's latest earnings report exceeded expectations, leading to a 9% stock price increase to $163.12, alleviating market fears regarding AI replacing software firms while raising its 2027 guidance, indicating strong performance in the tech sector.
- Muted Market Reaction: Despite February's Consumer Price Index (CPI) showing a 2.4% year-over-year increase and a 0.2% month-over-month rise, the market's reaction was tepid as the data was collected before the onset of the Iran conflict, failing to significantly boost stock prices.
- Divergent Energy Stock Performance: Amid rising oil prices, energy stocks like ExxonMobil and Chevron gained, while Kosmos Energy plummeted after announcing a $185.25 million equity issuance, reflecting varying market expectations within the energy sector.
- Cautious Investor Sentiment: Despite Oracle's strong performance failing to prevent defensive selling, investors remain wary of Stryker's cyberattack and potential energy shocks, with increasing expectations that the Federal Reserve may cut rates in July rather than June.
See More
Rising Oil Prices May Elevate 2027 Social Security Adjustments
- Oil Price Impact on Inflation: Geopolitical tensions are driving up oil prices, which may lead to an increase in the 2027 Social Security cost-of-living adjustment (COLA) estimate from 1.2% to 1.7%, directly affecting the benefits of millions of retirees, according to analyst Mary Johnson.
- Cost-of-Living Adjustment Forecast: The Senior Citizens League forecasts a 2.8% COLA for 2027, unchanged from last month, reflecting ongoing inflation pressures that could diminish the real purchasing power of retirement benefits, particularly as energy and essential goods prices rise.
- Historical Data Comparison: Over the past decade, the average Social Security COLA has been 3.1%, with significant spikes to 5.9% and 8.7% in 2022 and 2023, respectively, indicating volatility in retirement adjustments influenced by post-pandemic inflation, which may again be affected by fluctuations in oil prices.
- Inflation Data Analysis: According to February's Consumer Price Index (CPI) data, the inflation rate rose by 2.4% over the past 12 months, despite a 5.6% drop in gasoline prices; however, March is expected to show a rebound in oil prices, potentially pushing up the 2027 COLA forecast and impacting retirees' living costs.
See More
Trump Plans to Tap Strategic Petroleum Reserve Amid Iran War
- Energy Cost Mitigation: Trump announced plans to tap the Strategic Petroleum Reserve to lower energy costs, a move expected to alleviate pressures from global oil supply disruptions due to the Iran war, although it may impact reserve levels in the short term.
- Rising Gas Prices: Gasoline prices in the U.S. have surged to about $3.58 per gallon, a nearly 22% increase from last month's $2.94, which will directly affect consumer spending and economic recovery efforts.
- International Energy Agency Action: The International Energy Agency agreed to release 400 million barrels of oil to address supply disruptions, marking the largest stockpile release in over 50 years, highlighting the urgent need for stability in global markets.
- Current Reserve Status: The U.S. currently holds 415 million barrels in its Strategic Petroleum Reserve, approximately 58% of its authorized capacity of 714 million barrels, and Trump's decisions will significantly influence the U.S.'s role and leverage in the international energy market.
See More
U.S. Gulf Drilling Rights Auction Hits Decade Low
- Weak Auction Results: The U.S. Gulf drilling rights auction raised only $47 million in high bids, marking the weakest offshore lease sale in at least a decade, indicating a significant decline in market participation.
- Dramatic Drop in Bids: The auction received 38 bids on 25 tracts, far below the 219 bids on 181 tracts from the last sale in December, reflecting a lack of confidence in the industry.
- Royalty Rate Policy: The Interior Department applied a 12.5% royalty rate for both shallow and deepwater leases, the lowest since the George W. Bush administration, aimed at encouraging participation, yet the impact appears limited.
- Major Bidders' Performance: BP's high bid of $21 million for a block in the Green Canyon area was the highest of the auction, while Chevron's nearly $11.5 million bid for three blocks demonstrates caution among major companies in a sluggish market.
See More
Venezuela Resumes Oil Exports Amid Geopolitical Tensions
- Oil Export Resumption: Venezuela has resumed exports of diluted crude oil (DCO) for the first time in 15 months, with Chevron shipping 500,000 barrels to the U.S. Gulf Coast this month, a small volume but significant given the current geopolitical tensions.
- Shifting Market Demand: DCO is essential for specific refineries, and with the Iran conflict disrupting shipping through the Strait of Hormuz, Venezuela's oil exports have become a crucial alternative supply, ensuring stability in the U.S. market.
- Strategic Advantage Emerges: Venezuela's oil exports bypass the Strait of Hormuz entirely, mitigating current supply risks, with output expected to rise to 1.1 to 1.2 million barrels per day by year-end if sanctions are lifted, significantly impacting the global supply outlook.
- Policy Changes Drive Production: A shift in U.S. sanctions policy has allowed Chevron to operate under an indefinite license, and the new Hydrocarbon Law enhances foreign investment, boosting Venezuela's oil production capabilities.
See More
U.S. Stocks Show Minor Fluctuations Amid Rising Oil Prices
- Oil Price Surge Impacts Market: Despite the IEA's decision to release 400 million barrels from strategic reserves to address supply disruptions in the Strait of Hormuz, oil prices rose by 4.6%, exerting downward pressure on the stock market, particularly amid the ongoing conflict in Iran.
- Limited Impact from Inflation Data: February's CPI rose 2.4% year-over-year, with core CPI at 2.5%, which, while close to five-year lows, remains above the Fed's 2% target, leading to a muted market reaction and reflecting investor concerns over future inflation pressures.
- Mixed Performance in Tech Stocks: Following Oracle's strong AI demand announcement, tech stocks received a boost with Oracle's shares rising over 9%, yet other tech stocks like IBM and Microsoft saw slight declines, indicating ongoing uncertainty in investor confidence within the tech sector.
- Private Credit Market Struggles: JPMorgan Chase's restriction on lending to private credit funds has led to an exodus of investors from the $1.8 trillion sector, exacerbating market uncertainty and negatively impacting overall stock performance.
See More
Market Fluctuations: Oracle's Strong Performance Amid Geopolitical Risks
- Oracle Beats Expectations: Oracle's latest earnings report exceeded expectations, leading to a 9% stock price increase to $163.12, alleviating market fears regarding AI replacing software firms while raising its 2027 guidance, indicating strong performance in the tech sector.
- Muted Market Reaction: Despite February's Consumer Price Index (CPI) showing a 2.4% year-over-year increase and a 0.2% month-over-month rise, the market's reaction was tepid as the data was collected before the onset of the Iran conflict, failing to significantly boost stock prices.
- Divergent Energy Stock Performance: Amid rising oil prices, energy stocks like ExxonMobil and Chevron gained, while Kosmos Energy plummeted after announcing a $185.25 million equity issuance, reflecting varying market expectations within the energy sector.
- Cautious Investor Sentiment: Despite Oracle's strong performance failing to prevent defensive selling, investors remain wary of Stryker's cyberattack and potential energy shocks, with increasing expectations that the Federal Reserve may cut rates in July rather than June.
See More
Rising Oil Prices May Elevate 2027 Social Security Adjustments
- Oil Price Impact on Inflation: Geopolitical tensions are driving up oil prices, which may lead to an increase in the 2027 Social Security cost-of-living adjustment (COLA) estimate from 1.2% to 1.7%, directly affecting the benefits of millions of retirees, according to analyst Mary Johnson.
- Cost-of-Living Adjustment Forecast: The Senior Citizens League forecasts a 2.8% COLA for 2027, unchanged from last month, reflecting ongoing inflation pressures that could diminish the real purchasing power of retirement benefits, particularly as energy and essential goods prices rise.
- Historical Data Comparison: Over the past decade, the average Social Security COLA has been 3.1%, with significant spikes to 5.9% and 8.7% in 2022 and 2023, respectively, indicating volatility in retirement adjustments influenced by post-pandemic inflation, which may again be affected by fluctuations in oil prices.
- Inflation Data Analysis: According to February's Consumer Price Index (CPI) data, the inflation rate rose by 2.4% over the past 12 months, despite a 5.6% drop in gasoline prices; however, March is expected to show a rebound in oil prices, potentially pushing up the 2027 COLA forecast and impacting retirees' living costs.
See More
Trump Plans to Tap Strategic Petroleum Reserve Amid Iran War
- Energy Cost Mitigation: Trump announced plans to tap the Strategic Petroleum Reserve to lower energy costs, a move expected to alleviate pressures from global oil supply disruptions due to the Iran war, although it may impact reserve levels in the short term.
- Rising Gas Prices: Gasoline prices in the U.S. have surged to about $3.58 per gallon, a nearly 22% increase from last month's $2.94, which will directly affect consumer spending and economic recovery efforts.
- International Energy Agency Action: The International Energy Agency agreed to release 400 million barrels of oil to address supply disruptions, marking the largest stockpile release in over 50 years, highlighting the urgent need for stability in global markets.
- Current Reserve Status: The U.S. currently holds 415 million barrels in its Strategic Petroleum Reserve, approximately 58% of its authorized capacity of 714 million barrels, and Trump's decisions will significantly influence the U.S.'s role and leverage in the international energy market.
See More
U.S. Gulf Drilling Rights Auction Hits Decade Low
- Weak Auction Results: The U.S. Gulf drilling rights auction raised only $47 million in high bids, marking the weakest offshore lease sale in at least a decade, indicating a significant decline in market participation.
- Dramatic Drop in Bids: The auction received 38 bids on 25 tracts, far below the 219 bids on 181 tracts from the last sale in December, reflecting a lack of confidence in the industry.
- Royalty Rate Policy: The Interior Department applied a 12.5% royalty rate for both shallow and deepwater leases, the lowest since the George W. Bush administration, aimed at encouraging participation, yet the impact appears limited.
- Major Bidders' Performance: BP's high bid of $21 million for a block in the Green Canyon area was the highest of the auction, while Chevron's nearly $11.5 million bid for three blocks demonstrates caution among major companies in a sluggish market.
See More
