Yahoo Finance's Jared Blikre breaks down how stocks, energy, and tech are trading today.
(Bloomberg) -- Chevron Corp. raised its quarterly dividend 6% as the company attempts to share the benefits of rising oil prices with shareholders. Most Read from BloombergPowell Backs March Liftoff, Won’t Rule Out Hike Every MeetingA Nor’easter Approaching New York Risks Becoming a Bomb CycloneStocks Halt Rally as Bond Yields Spike After Fed: Markets WrapAstronomers Spot Never-Before Seen Object at 4,000 Light-Years AwayScientists Identify Factors That Appear Linked to Long CovidChevron will pa
U.S oil prices jumped more than 50% last year, thanks to the global economic recovery from the coronavirus pandemic, pushing companies to return cash to shareholders through buybacks and dividends. Chevron raised its quarterly dividend by 8 cents to $1.42 per share, while Marathon raised it by 16.7% to 7 cents per share. Shares in Chevron touched an all-time high on Wednesday, with Brent crude hitting $90 for the first time in seven years, ahead of its fourth-quarter results on Friday.