Chevron Has Surged Over 14% in 2026 and Still Yields 4.1%. Is It Still Worth Buying for Passive Income Now?

Chevron stock has outperformed the S&P 500, surging 14.5% in 2026 while maintaining a 4.1% dividend yield. The surge is driven by rising oil prices following geopolitical tensions in Iran, though Chevron's limited regional exposure (less than 5%) shields it from significant disruption. With 39 consecutive years of dividend increases, a 64% average payout ratio, and strategic growth from the Hess acquisition, analysts view the stock as a solid passive income opportunity trading at 11.9x forward earnings.