15 Best High-Yield Dividend Stocks for 2025 and Beyond

7. Chevron Corporation (NYSE:CVX)

Dividend Yield as of May 9: 4.94%

Chevron Corporation (NYSE:CVX) is a major oil and gas company, which is known for producing and distributing a wide range of high-quality refined products, including gasoline, diesel, jet fuel, marine fuel, premium base oils, lubricants, and additives. The company runs five refineries in the US and supports a broad network of service stations under the Chevron and Texaco brands.

In the first quarter of 2025, Chevron Corporation (NYSE:CVX) faced weaker financial results primarily due to declining global oil prices. The company reported adjusted earnings of $3.8 billion, or $2.18 per share, down from $2.93 per share a year earlier. While earnings exceeded analyst expectations by $0.03, revenue fell short, coming in at $47.61 billion, which is about $783 million below estimates. Global output held steady at 3.35 million barrels of oil equivalent per day, but profits from its oil and gas operations dropped by more than 28% year over year.

Despite the earnings dip, Chevron Corporation (NYSE:CVX) maintained a solid financial footing with $7.6 billion in operating cash flow and $3.7 billion in free cash flow. The company also returned $6.9 billion to shareholders through dividends and stock buybacks. It has been rewarding shareholders with growing dividends for the past 38 years. The company pays a quarterly dividend of $1.71 per share for a dividend yield of 4.94%, as of May 9.