Chevron vs. Occidental: Which Oil Major's Dividend Is Actually Safer?
If you look at the traditional measure of dividend safety, the payout ratio, you may get the wrong impression.
Motley Fool's analysis compares Chevron (CVX) and Occidental Petroleum (OXY) in terms of their dividend yields and safety as investments. Chevron currently offers a dividend yield of 3.5%, which is above market average, while Occidental Petroleum's yield is 1.9%, still higher than the 1% yield from the S&P 500 index. However, the geopolitical tensions in the Middle East have led to volatile oil and natural gas prices, causing uncertainty in the energy market.
Despite this, Chevron's higher yield might be a safer bet for investors prioritizing dividend consistency amidst the current market volatility.
Brief written by urgent.news from Motley Fool's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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