Chevron raises quarterly dividend by 8 cents

Chevron shares hit record ahead of Q4 results

Shares in Chevron touched an all-time high on Wednesday, with Brent crude hitting $90 for the first time in seven years, ahead of its fourth-quarter results on Friday.

Chevron Corp and Marathon Oil Corp on Wednesday turned into the most recent U.S. oil and gas organizations to raise quarterly profits as a rebound in fuel demand drives energy costs higher. U.S oil costs bounced over half last year, because of the worldwide economic recuperation from the Covid pandemic, pushing organizations to return money to investors through buybacks and dividend. Chevron raised its quarterly dividend by 8 cents to $1.42 per share, while Marathon raised it by 16.7% to 7 cents for per share.

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