5 Best Dividend Aristocrat Stocks To Buy Now

3. Chevron Corporation (NYSE:CVX)

Dividend Yield: 4.07%

Number of Hedge Fund Holders: 103

Chevron Corporation (NYSE:CVX) is one of the best dividend aristocrat stocks to buy now.

On June 23 at the J.P. Morgan Natural Resources Conference, Jeff Gustavson, President of  Chevron Corporation (NYSE:CVX), New Energies, reiterated a heightened focus on low-carbon technologies, including carbon capture, renewable fuels, lithium, and hydrogen.

The push is part of a drive that seeks to meet global energy demand while also delivering shareholder value. While Chevron is the largest natural gas producer in the US, Gustavson expects the company to capitalize on the soaring power demand by leveraging its LNG business. The executive also reiterated that partnerships with the likes of GE Vernova and Caterpillar on equipment, and now Microsoft on data centers, position the company to generate significant value while meeting growing energy demands.

The company’s subsidiary, Energy Forge One LLC, is poised to build a 2.67 GW natural gas-powered facility co-located with Microsoft’s data center campus as part of the Kilby project.

Chevron Corporation (NYSE:CVX) is a multinational energy corporation that explores, produces, and transports crude oil and natural gas, and refines them into everyday products like gasoline and plastics. Alongside traditional fossil fuels, the company operates gas stations and invests in lower-carbon technologies like hydrogen, solar, and bioenergy.