Jun. 16 at 2:33 PM
$CVX Despite a ~103% earnings payout ratio, Chevron's
$16.6B free cash flow comfortably covers its
$13.6B dividend bill, making cash flow the real safety metric.
CEO Mike Wirth cites 16 consecutive quarters of
$5B+ shareholder returns, but a sustained oil price drop to
$55 would pressure the payout before the dividend gets cut.
So if CVX has
$16B .6B free cash flow and the dividend bill is @
$13.6B... not much $$$ for growth ?? We are taling about +/-
$3B ??
