Chevron Corporation (NYSE:CVX) is one of the 15 Best Passive Income Stocks to Buy Right Now. Piper Sandler lowered CVX’s price target to $168 but maintained an Overweight rating, citing positive incremental disclosures and conservative updates. Chevron expects over 10% annual growth in adjusted free cash flow through 2030.

Chevron is known for its reliable dividend payouts, increasing them for 38 consecutive years. With a five-year plan targeting steady cash flow and profit growth through 2030, Chevron plans to repurchase $10 to $20 billion of shares per year. The company expects significant growth in adjusted free cash flow through 2030.

As a multinational energy company, Chevron explores, produces, refines, and sells oil and natural gas products, including transportation fuels and lubricants. While Chevron presents potential as an investment, some AI stocks offer greater upside potential and less downside risk.

For more insights on dividend stocks, check out the 15 Extreme Dividend Stocks to Buy According to Hedge Funds and 15 Overlooked Dividend Stocks to Buy Right Now. Disclosure: None.

Read more at Yahoo Finance: Piper Sandler Lowers Chevron (CVX) Price Target to $168, Keeps Overweight Rating