Chevron, Enbridge Extend 50-Plus-Year and 31-Year Dividend Streaks Despite Energy Swings
Updated
Updated · Yahoo Finance · Aug 10
Chevron, Enbridge Extend 50-Plus-Year and 31-Year Dividend Streaks Despite Energy Swings
1 articles · Updated · Yahoo Finance · Aug 10
Summary
Chevron has maintained its dividend for more than 50 years and lifted its annual payout for 39 straight years, with 2025 distributions of $6.84 a share still covered by earnings.
That resilience comes from not overcommitting cash to dividends even in weak oil-price years, helping the integrated producer absorb swings in its upstream and refining businesses.
Enbridge has raised its dividend every year for 31 years, supported by a midstream model that charges volume-based pipeline fees rather than relying directly on oil and gas prices.
Its network spans about 18,000 miles of liquids pipelines and nearly 19,000 miles of gas pipelines, handling nearly one-third of North American crude oil and underpinning steady income.
The broader takeaway is that some energy companies can offer inflation-beating income despite commodity volatility when their business models and payout policies stay disciplined.