Chevron’s Higher Dividend Yield Now Tops Exxon’s

Chevron


 raised its dividend, and announced a new round of buybacks valued at up to $75 billion late on Wednesday, sending shares 2.6% higher in after-hours trading.

The energy giant boosted the quarterly dividend by 6% to $1.51 per share. At Wednesday’s closing price of $179.08, that would give Chevron (ticker: CVX) stock a 3.4% dividend yield, besting


Exxon


Mobil’s (XOM) 3.2% yield.