Dividend unsustainable?

https://simplywall.st/stocks/us/energy/nyse-cvx/chevron/news/heres-why-were-wary-of-buying-chevrons-nysecvx-for-its-upcom

"...Is Chevron worth buying for its dividend? It's looking like an unattractive opportunity, with its earnings per share declining, while, paying out an uncomfortably high percentage of both its profits (276%) and cash flow as dividends."

Maybe SR is counting on an "imminent turnaround" (i.e., higher oil prices) that no one else sees? Like so many things in Chevron's portfolio and strategy, the handwriting on the wall is becoming clearer and clearer. Acceptable for those 50+ (if there's any left outside of options-addled management), bad news for the average employee.

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Last quarter Chevron had $3.1 billion in net income and paid out $2.6 billion in dividends. So we covered the dividend without borrowing. The dividend is safe and very sustainable especially after FGP spending starts to taper off.

The company will sacrifice every non- management employee to keep the dividend high.

growth stock? what a joke

It’s not a bad stock if you want a dividend stock. It’s in the the best of times but has managed to do very well considering the price of oil over the last year. Some points in time it was real bad

If you want a growth stock it’s a hottie or stock.

Just depends at your risk level and age.

Thread regarding Chevron Corp. layoffs

Dividend unsustainable?

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