When Chevron (NYSE: CVX) declared its 33rd straight year of quarterly dividend raises in January, it didn't know that a pandemic would collapse the world into a recession. Yet instead of cutting its dividend like other oil majors, Chevron has reaffirmed that its "financial priorities remain unchanged."
Chevron yields three times the market average. And with its shares down close to 30% this year, there could be even more room for upside. Let's dive in to see if the company is a buy, or its dividend and downtrodden share price are too good to be true.
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Source Fool.com