Two Oil Stocks for Decades of Passive Income: Chevron & TotalEnergies
POINT The oil market is highly volatile and faces long-term risks from the shift toward cleaner energy. Chevron (CVX): A stable U.S. oil company with strong financials and a long history of dividend growth. TotalEnergies (TTE): A high-yield French oil company strategically investing in clean energy. Both stocks are excellent choices for long-term passive income investors. DETAILS Chevron and TotalEnergies Are More Than Just Oil Companies Getty Images Bank The oil industry is generally divided into three segments: 1️⃣ Upstream: Oil and gas production, highly dependent on price fluctuations. 2️⃣ Midstream: Transportation of oil and gas through pipelines, less sensitive to price changes. 3️⃣ Downstream: Refining and chemical production, impacted by both input costs and product prices. Chevron and TotalEnergies are integrated energy companies operating in all three sectors, reducing volatility and ensuring stable revenue streams. FUTURE OUTLOOK 1) Chevron (CVX): A Dividend Powe...