<p>如果你正在关注石油和天然气股票，有一件事情你应该有所准备 —— 那就是波动性。众所周知，石油价格会剧烈而且往往迅速地波动。任何投资者投入资金，无论是 100 美元、1,000 美元还是 100,000 美元，都必须做好应对弱势时期的准备，因为它们最终会到来。这就是为什么购买像 <strong>雪佛龙</strong>(CVX 0.24%) 这样的行业领导者可能是大多数投资者的最佳选择。以下是你需要了解的内容。</p>
<h2>雪佛龙的多元化构建</h2>
<p>有一些公司从事石油和天然气的钻探，这构成了石油行业的上游部分。有一些公司运输石油和天然气，以及这些产品通过能源基础设施资产（如管道）转化为其他产品，这构成了能源行业中游部分。还有一些公司对石油和天然气进行精炼加工，将它们转化为汽油和化学品等产品，这构成了行业的下游部分。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTQ5MzEvMjJfMTBfMjQtYS1wZXJzb24taW4tZnJvbnQtb2YtZW5lcmd5LWluZnJhc3RydWN0dXJlLV9tZi1kbG9hZC5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTQ5MzEvMjJfMTBfMjQtYS1wZXJzb24taW4tZnJvbnQtb2YtZW5lcmd5LWluZnJhc3RydWN0dXJlLV9tZi1kbG9hZC5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<p>然后还有一些公司涵盖了整个能源领域，拥有资产分布在整个能源景观中。这些是综合能源公司，其中包括雪佛龙。这样做的原因是能源行业的不同部分在不同时间表现不同。最好的例子是低油价会损害上游业务，但往往会使下游业务受益，因为下游业务以石油为原材料。对于大多数投资者来说，拥有一家综合能源公司将是能源行业中最佳选择。</p>
<p>雪佛龙与埃克森美孚、英国石油、壳牌和道达尔等公司竞争。然而，如果你正在寻找一家综合石油公司，雪佛龙在一些重要方面脱颖而出。</p>
<h2>股息是一个重要因素</h2>
<p>壳牌和英国石油在新冠疫情高峰期削减了股息。尽管它们的股息率很高，但这些股息削减可能会让寻找可靠股息股票的收入投资者感到不安。道达尔没有削减股息，但它一直在不断投资于电力和可再生能源资产。虽然它正在随着周围世界的变化而改变，随着更清洁的能源选择变得越来越重要，但它实际上不再是一家纯粹的能源公司。这使得埃克森和雪佛龙成为最后的选择，它们两家都更加专注于石油业务，并且都有着长期不断增长股息的历史。</p>
<p>公平地说，埃克森 42 年的连续增长股息记录比雪佛龙的 37 年要好。但考虑到过去三十年中石油和天然气价格的巨大波动，这两家公司的连续增长记录都令人印象深刻。因此，从这个角度看，雪佛龙与埃克森不相上下。但在另外两个重要领域，雪佛龙胜过了埃克森。</p>
<p>首先，雪佛龙的股息率为 4.3%，而埃克森的股息率为 3.2%。而平均能源股的股息率为 3.4%。如果你正在寻找一家高股息石油股票，埃克森似乎稍显不足，而雪佛龙则显得更具吸引力。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/7f48ff928a90dae4a5de55ae1706f49a.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/7f48ff928a90dae4a5de55ae1706f49a.png"/></p>
<p>CVX 资产负债比数据由 YCharts 提供</p>
<p>然后还有资产负债表，这基本上是支付股息的财务基础。雪佛龙的资产负债比率较低，因此比其最接近的同行更好。埃克森的比率接近，但考虑到雪佛龙更高的股息率，明显的赢家仍然是雪佛龙。请注意，在行业低迷期间能够承担额外杠杆的能力是使雪佛龙和埃克森得以通过不可避免的能源低迷时期支持其股息和业务的关键。</p>
<h2>总的来说，雪佛龙是值得购买的高股息石油股票</h2>
<p>综上所述，寻找可靠高股息石油股票的股息投资者可能应选择雪佛龙。你可能有理由拥有其他能源公司，但如果你只是想找到最佳全面选择，雪佛龙脱颖而出。无论你有 1,000 美元还是 100,000 美元要投资，这都是正确的选择。</p>

雪佛龙

<p>雪佛龙被认为是投资者最佳的高收益石油股票，提供 4.3% 的股息率，而埃克森美孚为 3.2%。该公司是一家综合能源领导者，通过在上游、中游和下游领域的多元化提供稳定性。雪佛龙强劲的资产负债表，比同行公司拥有更低的债务 - 权益比，支持其可靠的股息支付。尽管市场波动，多年来雪佛龙持续增加股息，使其成为石油行业中小型和大型投资者的吸引选择</p>

<p>If you are looking at oil and natural gas stocks, there is one thing you should go in expecting -- and that's volatility. Oil prices are known to swing dramatically and, often, quickly. Any investor putting money to work, whether it be $100, $1,000, or $100,000, has to be prepared for periods of weakness because they will, eventually, arrive. Which is why buying an industry leader like <strong>Chevron</strong>(CVX 0.24%) is probably the best choice for most investors. Here's what you need to know.</p>
<div class="lb-trans"><p>如果你正在关注石油和天然气股票，有一件事情你应该有所准备 —— 那就是波动性。众所周知，石油价格会剧烈而且往往迅速地波动。任何投资者投入资金，无论是 100 美元、1,000 美元还是 100,000 美元，都必须做好应对弱势时期的准备，因为它们最终会到来。这就是为什么购买像 <strong>雪佛龙</strong>(CVX 0.24%) 这样的行业领导者可能是大多数投资者的最佳选择。以下是你需要了解的内容。</p>
</div><h2>Chevron is built around diversification</h2>
<div class="lb-trans"><h2>雪佛龙的多元化构建</h2>
</div><p>There are companies that drill for oil and natural gas, which make up the upstream segment of the oil industry. There are companies that transport oil and natural gas, and the products into which they get turned, via energy infrastructure assets like pipelines that comprise the midstream segment of the energy sector. And there are companies that refine and process oil and natural gas and turn them into things like gasoline and chemicals in the downstream segment of the industry.</p>
<div class="lb-trans"><p>有一些公司从事石油和天然气的钻探，这构成了石油行业的上游部分。有一些公司运输石油和天然气，以及这些产品通过能源基础设施资产（如管道）转化为其他产品，这构成了能源行业中游部分。还有一些公司对石油和天然气进行精炼加工，将它们转化为汽油和化学品等产品，这构成了行业的下游部分。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTQ5MzEvMjJfMTBfMjQtYS1wZXJzb24taW4tZnJvbnQtb2YtZW5lcmd5LWluZnJhc3RydWN0dXJlLV9tZi1kbG9hZC5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F794931%2F22_10_24-a-person-in-front-of-energy-infrastructure-_mf-dload.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>Then there are companies that do all of that, with assets spread across the entire energy landscape. These are the integrated energy companies, a group that includes Chevron. The reason to do this is that each of the different segments of the energy industry performs differently at different times. The best example is that low oil prices will hurt the upstream business but often benefit the downstream business, which uses oil as an input. For most investors, owning an integrated energy company will be the best option in the energy sector.</p>
<div class="lb-trans"><p>然后还有一些公司涵盖了整个能源领域，拥有资产分布在整个能源景观中。这些是综合能源公司，其中包括雪佛龙。这样做的原因是能源行业的不同部分在不同时间表现不同。最好的例子是低油价会损害上游业务，但往往会使下游业务受益，因为下游业务以石油为原材料。对于大多数投资者来说，拥有一家综合能源公司将是能源行业中最佳选择。</p>
</div><p>Chevron competes with companies like <strong>ExxonMobil</strong>, <strong>BP</strong>, <strong>Shell</strong>, and <strong>TotalEnergies</strong>. However, if you are looking for an integrated oil company, Chevron stands out in some important ways.</p>
<div class="lb-trans"><p>雪佛龙与埃克森美孚、英国石油、壳牌和道达尔等公司竞争。然而，如果你正在寻找一家综合石油公司，雪佛龙在一些重要方面脱颖而出。</p>
</div><h2>The dividend is a big one</h2>
<div class="lb-trans"><h2>股息是一个重要因素</h2>
</div><p>Shell and BP both cut their dividends during the peak of the coronavirus pandemic. Although they have high yields, those dividend cuts will likely bother income investors looking for reliable dividend stocks. TotalEnergies didn't cut its dividend, but it has been increasingly investing in electricity and renewable power assets. While it is changing with the world around it, as cleaner energy options grow in importance, it really isn't a pure-play energy company anymore. That leaves Exxon and Chevron, both of which have stuck closer to their oil roots. And both of which have a long history of increasing their dividend year in and year out.</p>
<div class="lb-trans"><p>壳牌和英国石油在新冠疫情高峰期削减了股息。尽管它们的股息率很高，但这些股息削减可能会让寻找可靠股息股票的收入投资者感到不安。道达尔没有削减股息，但它一直在不断投资于电力和可再生能源资产。虽然它正在随着周围世界的变化而改变，随着更清洁的能源选择变得越来越重要，但它实际上不再是一家纯粹的能源公司。这使得埃克森和雪佛龙成为最后的选择，它们两家都更加专注于石油业务，并且都有着长期不断增长股息的历史。</p>
</div><p>To be fair, Exxon's 42-year streak of annual dividend increases is better than Chevron's 37-year streak. But both streaks are impressive when you consider the huge swings in the price of oil and natural gas that have occurred over the past three decades. So, really, Chevron stands toe to toe with Exxon on this front. But it beats Exxon in two other important areas.</p>
<div class="lb-trans"><p>公平地说，埃克森 42 年的连续增长股息记录比雪佛龙的 37 年要好。但考虑到过去三十年中石油和天然气价格的巨大波动，这两家公司的连续增长记录都令人印象深刻。因此，从这个角度看，雪佛龙与埃克森不相上下。但在另外两个重要领域，雪佛龙胜过了埃克森。</p>
</div><p>For starters, Chevron's dividend yield is 4.3%. Exxon's yield is 3.2%. And the average energy stock's yield is 3.4%. If you are looking for a high-yield oil stock, Exxon seems to fall a little short while Chevron stands out as attractive.</p>
<div class="lb-trans"><p>首先，雪佛龙的股息率为 4.3%，而埃克森的股息率为 3.2%。而平均能源股的股息率为 3.4%。如果你正在寻找一家高股息石油股票，埃克森似乎稍显不足，而雪佛龙则显得更具吸引力。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/7f48ff928a90dae4a5de55ae1706f49a.png" alt="" original-src="https://media.ycharts.com/charts/7f48ff928a90dae4a5de55ae1706f49a.png"/></p>
<p>CVX Debt to Equity Ratio data by YCharts</p>
<div class="lb-trans"><p>CVX 资产负债比数据由 YCharts 提供</p>
</div><p>And then there's the balance sheet, which is, essentially, the financial foundation from which dividends are paid. Chevron's debt-to-equity ratio is lower, and thus better, than any of its closest peers. Exxon's ratio is close, but when you add in Chevron's higher yield, the clear winner is still Chevron. Note that the ability to take on additional leverage during industry downturns is what has allowed both Chevron and Exxon to support their dividends and businesses through the inevitable energy weak patches.</p>
<div class="lb-trans"><p>然后还有资产负债表，这基本上是支付股息的财务基础。雪佛龙的资产负债比率较低，因此比其最接近的同行更好。埃克森的比率接近，但考虑到雪佛龙更高的股息率，明显的赢家仍然是雪佛龙。请注意，在行业低迷期间能够承担额外杠杆的能力是使雪佛龙和埃克森得以通过不可避免的能源低迷时期支持其股息和业务的关键。</p>
</div><h2>All in, Chevron is the high-yield oil stock to buy</h2>
<div class="lb-trans"><h2>总的来说，雪佛龙是值得购买的高股息石油股票</h2>
</div><p>When you add it all up, dividend investors looking for a reliable high-yield oil stock should probably pick Chevron. There are reasons why you might want to own some other energy company, but if you are simply trying to find the best all-around pick, Chevron stands out from the pack. That's as true if you have $1,000 as it is if you have $100,000 to invest today.</p>
<div class="lb-trans"><p>综上所述，寻找可靠高股息石油股票的股息投资者可能应选择雪佛龙。你可能有理由拥有其他能源公司，但如果你只是想找到最佳全面选择，雪佛龙脱颖而出。无论你有 1,000 美元还是 100,000 美元要投资，这都是正确的选择。</p>
</div>

目前投资 1000 美元的最佳高收益石油股票