Big oil companies like Devon Energy, Occidental Petroleum, and Chevron are giving their investors more money! This is called a dividend, which is like getting a share of the company's profits.
These companies make lots of money from oil, and they're sharing some of it with people who own their stock. They're also buying back their own shares, which makes each share worth more.
These moves show that the oil business is doing well.
- Devon Energy increased its dividend by 9%.
- Occidental Petroleum also increased its dividend by 9%.
- Both companies are paying out more money to their shareholders.
| Company | Dividend Increase | Current Yield |
|---|---|---|
| Devon Energy | 9% | 2.5% |
| Occidental Petroleum | 9% | 1.9% |
