CVX · News · 20260929N

Oil and Gas Price Sensitivity

CHEVRON CORP · 2026-09-29 · Importance 11 · Surprise 6

West Texas Intermediate (WTI) crude was reported above $90 per barrel on September 29, 2026. The elevated oil-price environment was described as favorable for exploration and production activities in the Permian Basin and offshore Guyana. Chevron was identified among the companies positioned to benefit from robust prices because of low-cost drilling opportunities and growing production volumes.

Key facts

• With West Texas Intermediate (WTI) crude trading above $90 per barrel, Chevron Corporation (CVX) is poised to benefit from these robust prices due to its low-cost drilling opportunities and growing production volumes. source
• Management has raised Chevron's dividend at a 7% compound annual growth rate (CAGR) for the first 25 years of this century. source
• Chevron Corp (CEUX:CHVd) does not currently pay a regular dividend, though it has returned capital to shareholders through buybacks. source