Chevron raises 2026 dividend as higher oil prices lift earnings
Chevron and ExxonMobil reported strong Q2 earnings and increased dividends for 2026, but Chevron leaned more on acquisitions such as Hess and new projects including a power deal with Microsoft. Brent crude rose to around $95 amid Strait of Hormuz tensions, supporting cash flow and dividend capacity. The market sees differing growth paths despite a tight oil backdrop.