's (NYSE: CVX) dividend is its top financial priority, and it aims to increase its payout consistently. The oil giant raised its dividend per share by 8% in early 2024, its 37th straight year of growing the dividend (one of the longest streaks in the oil patch).

Here's a look at how much Chevron will likely pay in dividends this year.

The oil company paid a whopping $11.3 billion in dividends last year (up 3% from 2022). That was part of a record $26.3 billion in cash it returned to shareholders. (It also repurchased $14.9 billion in shares.) Chevron's share repurchase program is why its total dividend outlay was only up 3%, even though its per-share payment rose 6%.

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Source Fool.com