From Yahoo Finance: 2025-06-22 04:53:00

Chevron Corporation (NYSE:CVX) is among the 10 best dividend stocks according to Jim Cramer. The company recently acquired two subsidiaries of TerraVolta Resources and The Energy & Minerals Group, enhancing its dividend potential with a strategic lithium acquisition. Chevron is known for its exploration and extraction of crude oil and natural gas.

Chevron U.S.A. Inc., a Chevron Corporation (NYSE:CVX) subsidiary, has acquired 125,000 net acres in Northeast Texas and Southwest Arkansas, entering the domestic lithium sector. Utilizing direct lithium extraction (DLE) technology, Chevron aims to establish a lithium business to meet the growing demand for critical minerals essential for electrification.

With a payout ratio of 75.43% and a dividend yield of 4.69%, Chevron Corporation (NYSE:CVX) has increased dividends for 38 consecutive years, appealing to investors seeking stable income. However, some believe that certain AI stocks offer greater upside potential with less downside risk, suggesting alternative investment opportunities.

Chevron’s acquisition of key assets and entry into the lithium sector highlights its strategic growth initiatives and commitment to supporting future energy demands. The company’s focus on innovation and sustainability through direct lithium extraction technology underscores its dedication to developing environmentally friendly solutions for the industry.

Read more: Chevron Boosts Dividend Potential with Strategic Lithium Acquisition