Coca-Cola Is a Passive Income Powerhouse, but So Is This Cash-Gushing Oil Stock That Plans to Pay Over $11 Billion in Dividends by the End of the Year

Chevron's dividend blends high yield and reliability.Chevron (CVX 2.21%) stock has rallied 5.5% since the company reported third-quarter 2024 earnings on Nov. 1. The integrated oil and gas major continues to deliver solid results and return capital to shareholders through a combination of buybacks and dividends.Chevron is projected to pay around $11.8 billion in dividends in 2024, which is even more than well-known passive income powerhouse Coca-Cola, which should end up paying around$8 billion in dividend ...