CVX - The 2 Safest Oil Dividends Right Now
No matter your investing experience or the size of your portfolio, we've all been injected with a dizzying dose of volatility over the past year.
In the first three weeks of March 2020, the S&P 500 plunged roughly 25% as the COVID-19 pandemic shocked Wall Street and Main Street alike. In the first week of March 2021, the Nasdaq lost up to 10% of its value before recouping most of those losses over the following weeks.
Dividend stocks provide income no matter how stock prices are moving, effectively counteracting volatility when you need it most. Oil stocks have their risks, but often pay high dividends too. And with oil prices at their highest point in over a year, many companies are on track to grow earnings. Texas Pacific Land Corporation (NYSE: TPL) and Chevron (NYSE: CVX) are the cream of the crop. Here's why.
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The 2 Safest Oil Dividends Right Now