Chevron

CVX

Market cap $306B

I added Ares Capital and Chevron to the Dividend Income Accelerator Portfolio, boosting Dividend Yield and reducing portfolio volatility. Ares Capital offers a Dividend Yield [FWD] of 10.05% and modest dividend growth potential, enhancing income generation and stability. Chevron, now a core position, provides a 4.46% yield, solid financial health, and supports both income and dividend growth for the portfolio.

The energy sector is a bit out of favor right now. That's because oil prices have been relatively weak after a massive price spike that followed the end of the coronavirus pandemic.

Chevron's move to intervene in Venture Global's Plaquemines LNG delay signals deep concern over potential impacts to its long-term gas strategy.

Chevron on Tuesday asked federal regulators to let it offer an opinion on Venture Global's recent request for more time to commission the Plaquemines LNG plant in Louisiana, at which the U.S. oil major has a long-term sales and purchase agreement that could be affected by any delay.

Oil prices fell below $60 per barrel recently due to a combination of oversupply and weak demand.

Investors are advised not to fight the trend. Right now, the trend for stocks remains bullish.

There is a fairly broad demographic of investors who are happy with steady growth and the bonus of a dependable dividend for their portfolios.

Dividend stocks can contribute significantly to a stock's total returns over time. Evidence lies in the S&P 500 index (^GSPC -2.71%), also home to some of the best dividend stocks.

Oil majors are likely to struggle to protect shareholder payouts over the coming months amid a weaker crude price environment, analysts told CNBC.

CVX gears up to drill the Korikori-1 exploration well offshore Suriname, marking a key milestone in the country's growing offshore energy ambitions.