◆ NeutralCVXBP
This Is the First Oil Dividend Stock I'd Buy in September
The Motley Fool·
Chevron is recommended as a resilient oil dividend stock for September due to its diversified upstream, midstream, and downstream operations. With a 3.4% dividend yield, 39 consecutive years of dividend increases, a strong balance sheet ($8.53B cash, 13.1% net debt ratio), and expected 2%-3% annual production growth through 2030, Chevron offers stability even during oil price volatility. Trading at 16x forward earnings with projected 4% revenue and 24% EPS growth (2025-2028), it appears undervalued compared to the S&P 500.
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