The 147-year-old energy behemoth is expected to raise profits as oil prices climb above $90.

of the The global oil market Just had a week unlike anything investors have seen before, bringing it The Dow 30 Dividend Aristocrat is back in focus.

West Texas Intermediate crude futures rose more than 12% on March 6, closing at $90.90 a barrel.

last week, WTI rocketed 35.63%.According to CNBC, the biggest weekly gain in futures contract history since 1983.

Global benchmark Brent wasn’t far behind, jumping 28% for it Biggest weekly gain since April 2020.

driver? The escalating conflict in the Middle East has blocked the world’s most important oil transit route, the Strait of Hormuz.

About 20% of the world’s oil consumption passes through this narrow waterway, and right now, tankers don’t move.

Qatar’s energy minister warned the Financial Times Oil prices will reach $150 per barrel if this disruption continues.

Iraq has already cut production by 1.5 million barrels a day. Kuwait has followed suit. JPMorgan’s head of global commodities research, Natasha Kaniva, said:

for the Chevronthis is shaping up to be a very important moment.

Chevron will benefit from higher oil pricesShutterstock · Shutterstock

With a market value of $379 billion, Chevron ( CVX ) is one of them Major oil companies in the world.

The ongoing conflict between the United States and Iran has sent CVX stock up 21% in 2026.

Chevron’s portfolio also has dividend and capital expenditures A barrel of Brent below $50. This means the company can cover its dividends even if oil falls dramatically from current levels.

The San Ramon, California-based energy giant has been operating for 147 years and knows how to cycle.

Armed with a strong balance sheet and significant debt capacity, Chevron’s disciplined approach has enabled it to maintain and increase dividends through economic crises.

In fact, Chevron has raised its own Dividends each year for 39 consecutive years.

Just days before oil’s historic weekly surge, Chevron reported fourth-quarter 2025 earnings and announced a 4% increase in its quarterly dividend.

Chevron CFO Emir Bonner called the dividend growth consistent with the company’s “highest financial priority.”

Over the past four years, the company has returned more than $100 billion to shareholders through dividends and share buybacks.

Key dividend metrics for Chevron stock:

• Annual dividend per share: Approximately $7.12

• Quarterly dividends per share: $1.78

• Dividend yield: Approximately 3.76% (based on recent share prices)

• Dividend Growth Series: 39+ consecutive years of increase

• Total 4-year shareholder returns (dividends + redemptions): More than 100 billion dollars

• 2025 Share Repurchase: More than $14 billion was received at a combined discount to Hess shares