Chevron after the boom: what dividend investors should expect next
View original at finance.yahoo.comChevron after the boom: what dividend investors should expect next This article first appeared on GuruFocus. Chevron Corporation is an American company and one of the world's largest oil producers…
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Demand for oil is expected to rise by 800,000 to 900,000 barrels per day annually in 2025 and 2026
80% confidenceBy 2028, annual supply growth is likely to fall behind yearly demand growth, causing oil prices to rise
80% confidenceInvestors can reasonably estimate annual dividend increases of about 5% until 2030
80% confidenceOil prices are expected to fall to ranging from $55 to $60 per barrel in 2026
80% confidenceQ3 2025 production growth is primarily attributed to enhanced performance in the Tengizchevroil (TCO), Permian Basin, and Gulf of Mexico developments
80% confidenceLNG prices are expected to decline between 2027 and 2029 due to increased production, with 50 million tons of new capacity added each year
80% confidenceA more reasonable estimate for oil prices by 2030 is $75 a barrel, not $100
80% confidenceProduction costs in Guyana are below $35 per barrel, and Chevron will work to reduce the breakeven point to below $30 per barrel
80% confidenceChevron expects Kazakhstan, Gulf of Mexico, Permian Basin, and Guyana to be the main contributors to cash flow generation in the coming years
80% confidenceChevron plans to divest assets for about $10-15 billion by 2028
80% confidenceChevron is one of the world's largest oil producers
80% confidenceImprovements in well productivity will push U.S. crude oil production to an all-time high of nearly 13.6 million barrels per day by December 2025
80% confidence
