The oil and natural gas industry is known for its volatility, making it risky for investors. However, Chevron (NYSE: CVX) is considered a good choice due to its stability and high-yield dividend. The energy industry is divided into three segments: upstream (drilling), midstream (transportation), and downstream (refining).
Chevron is an integrated energy company with assets in all three segments, providing stability during different market conditions. In comparison to Shell and BP, Chevron has maintained consistent dividends even during the pandemic. ExxonMobil and Chevron have both increased their dividends annually, but Chevron has a lower debt-to-equity ratio, which is crucial for dividend stability.
As a result, Chevron is considered the best high-yield oil stock for $1,000 investments.
Source
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