Reported 1 day ago
Chevron Corporation (NYSE:CVX) has announced the acquisition of two subsidiaries of TerraVolta Resources, gaining 125,000 net acres in Northeast Texas and Southwest Arkansas, while entering the domestic lithium market. This strategic move allows Chevron to utilize direct lithium extraction (DLE) methods, supporting the growing demand for critical minerals necessary for electrification. With a strong dividend history and a payout ratio of 75.43%, Chevron offers a 4.69% dividend yield, making it an attractive investment for those seeking stable income.
Source: YAHOO