Chevron Has Surged Over 14% in 2026 and Still Yields 4.1%.
Is It Still Worth Buying for Passive Income Now?
While the S&P 500 is up 9.3% since the start of 2026, Chevron (NYSE: CVX) stock has outpaced the index, soaring 14.5% as of this writing. Even with the strong performance, shares of the oil supermajor still offer investors a forward dividend yield of more than 4%. But is it too late for those with Chevron stock on their watch lists to power their portfolios with its shares?
Let’s take a closer look at what’s driven the stock’s performance and if it’s worth starting a position. The rise in energy prices is just one factor affecting Chevron stock Given the strong correlation between energy prices and energy stocks, it’s unsurprising that Chevron stock has climbed this year. As the war in Iran escalated and the Strait of Hormuz closed, energy prices rocketed higher.