Here's How You Can Earn $100 In Passive Income By Investing In Chevron Stock

Chevron Corp. CVX engages in the integrated energy and chemicals operations in the U.S. and internationally.

It will report its Q1 2025 earnings on May 2. Wall Street analysts expect the company to post EPS of $2.39, down from $2.93 in the prior-year period. According to data from Benzinga Pro, quarterly revenue is expected to be $48.41 billion, down from $48.72 billion a year earlier.

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The 52-week range of Chevron stock price was $132.04 to $168.96.

Chevron’s dividend yield is 4.96%. It paid $6.84 per share in dividends during the last 12 months.

The Latest On Chevron

On Jan. 31, the company announced its Q4 2024 earnings, posting revenues and other income of $52.23 billion, beating the consensus of $46.75 billion, as reported by Benzinga.

Adjusted net earnings were $3.63 billion, with adjusted EPS at $2.06 in the quarter, missing the consensus of $2.11.

“The company started up several key projects in the Gulf of America, including the industry-first, high-pressure Anchor project. In Kazakhstan, Tengizchevroil completed the Wellhead Pressure Management Project and recently started up the Future Growth Project,” said CEO Mike Wirth.

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How Can You Earn $100 Per Month As A Chevron Investor?

If you want to make $100 per month — $1,200 annually — from Chevron dividends, your investment value needs to be approximately $24,194, which is around 180 shares at $134.18 each. 

Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (4.96% in this case). So, $1,200 / 0.0496= $24,194 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.

The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Chevron stock an attractive option for making a steady income of $100 per month by owning 180 shares of stock. There may be more upside to come as investors benefit from the company’s consistent dividend hikes. Chevron has raised its dividend consecutively for the last 37 years.

Check out this article by Benzinga for three more stocks offering high dividend yields. 

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