<p>如果你正在關注石油和天然氣股票，有一件事情你應該有所準備 —— 那就是波動性。眾所周知，石油價格會劇烈而且往往迅速地波動。任何投資者投入資金，無論是 100 美元、1,000 美元還是 100,000 美元，都必須做好應對弱勢時期的準備，因為它們最終會到來。這就是為什麼購買像 <strong>雪佛龍</strong>(CVX 0.24%) 這樣的行業領導者可能是大多數投資者的最佳選擇。以下是你需要了解的內容。</p>
<h2>雪佛龍的多元化構建</h2>
<p>有一些公司從事石油和天然氣的鑽探，這構成了石油行業的上游部分。有一些公司運輸石油和天然氣，以及這些產品通過能源基礎設施資產（如管道）轉化為其他產品，這構成了能源行業中游部分。還有一些公司對石油和天然氣進行精煉加工，將它們轉化為汽油和化學品等產品，這構成了行業的下游部分。</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>圖片來源：Getty Images。</p>
<p>然後還有一些公司涵蓋了整個能源領域，擁有資產分佈在整個能源景觀中。這些是綜合能源公司，其中包括雪佛龍。這樣做的原因是能源行業的不同部分在不同時間表現不同。最好的例子是低油價會損害上游業務，但往往會使下游業務受益，因為下游業務以石油為原材料。對於大多數投資者來説，擁有一家綜合能源公司將是能源行業中最佳選擇。</p>
<p>雪佛龍與埃克森美孚、英國石油、殼牌和道達爾等公司競爭。然而，如果你正在尋找一家綜合石油公司，雪佛龍在一些重要方面脱穎而出。</p>
<h2>股息是一個重要因素</h2>
<p>殼牌和英國石油在新冠疫情高峰期削減了股息。儘管它們的股息率很高，但這些股息削減可能會讓尋找可靠股息股票的收入投資者感到不安。道達爾沒有削減股息，但它一直在不斷投資於電力和可再生能源資產。雖然它正在隨着周圍世界的變化而改變，隨着更清潔的能源選擇變得越來越重要，但它實際上不再是一家純粹的能源公司。這使得埃克森和雪佛龍成為最後的選擇，它們兩家都更加專注於石油業務，並且都有着長期不斷增長股息的歷史。</p>
<p>公平地説，埃克森 42 年的連續增長股息記錄比雪佛龍的 37 年要好。但考慮到過去三十年中石油和天然氣價格的巨大波動，這兩家公司的連續增長記錄都令人印象深刻。因此，從這個角度看，雪佛龍與埃克森不相上下。但在另外兩個重要領域，雪佛龍勝過了埃克森。</p>
<p>首先，雪佛龍的股息率為 4.3%，而埃克森的股息率為 3.2%。而平均能源股的股息率為 3.4%。如果你正在尋找一家高股息石油股票，埃克森似乎稍顯不足，而雪佛龍則顯得更具吸引力。</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 資產負債比數據由 YCharts 提供</p>
<p>然後還有資產負債表，這基本上是支付股息的財務基礎。雪佛龍的資產負債比率較低，因此比其最接近的同行更好。埃克森的比率接近，但考慮到雪佛龍更高的股息率，明顯的贏家仍然是雪佛龍。請注意，在行業低迷期間能夠承擔額外槓桿的能力是使雪佛龍和埃克森得以通過不可避免的能源低迷時期支持其股息和業務的關鍵。</p>
<h2>總的來説，雪佛龍是值得購買的高股息石油股票</h2>
<p>綜上所述，尋找可靠高股息石油股票的股息投資者可能應選擇雪佛龍。你可能有理由擁有其他能源公司，但如果你只是想找到最佳全面選擇，雪佛龍脱穎而出。無論你有 1,000 美元還是 100,000 美元要投資，這都是正確的選擇。</p>

雪佛龍

<p>雪佛龍被認為是投資者最佳的高收益石油股票，提供 4.3% 的股息率，而埃克森美孚為 3.2%。該公司是一家綜合能源領導者，通過在上游、中游和下游領域的多元化提供穩定性。雪佛龍強勁的資產負債表，比同行公司擁有更低的債務 - 權益比，支持其可靠的股息支付。儘管市場波動，多年來雪佛龍持續增加股息，使其成為石油行業中小型和大型投資者的吸引選擇</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>如果你正在關注石油和天然氣股票，有一件事情你應該有所準備 —— 那就是波動性。眾所周知，石油價格會劇烈而且往往迅速地波動。任何投資者投入資金，無論是 100 美元、1,000 美元還是 100,000 美元，都必須做好應對弱勢時期的準備，因為它們最終會到來。這就是為什麼購買像 <strong>雪佛龍</strong>(CVX 0.24%) 這樣的行業領導者可能是大多數投資者的最佳選擇。以下是你需要了解的內容。</p>
</div><h2>Chevron is built around diversification</h2>
<div class="lb-trans"><h2>雪佛龍的多元化構建</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>有一些公司從事石油和天然氣的鑽探，這構成了石油行業的上游部分。有一些公司運輸石油和天然氣，以及這些產品通過能源基礎設施資產（如管道）轉化為其他產品，這構成了能源行業中游部分。還有一些公司對石油和天然氣進行精煉加工，將它們轉化為汽油和化學品等產品，這構成了行業的下游部分。</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>圖片來源：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>然後還有一些公司涵蓋了整個能源領域，擁有資產分佈在整個能源景觀中。這些是綜合能源公司，其中包括雪佛龍。這樣做的原因是能源行業的不同部分在不同時間表現不同。最好的例子是低油價會損害上游業務，但往往會使下游業務受益，因為下游業務以石油為原材料。對於大多數投資者來説，擁有一家綜合能源公司將是能源行業中最佳選擇。</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>雪佛龍與埃克森美孚、英國石油、殼牌和道達爾等公司競爭。然而，如果你正在尋找一家綜合石油公司，雪佛龍在一些重要方面脱穎而出。</p>
</div><h2>The dividend is a big one</h2>
<div class="lb-trans"><h2>股息是一個重要因素</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>殼牌和英國石油在新冠疫情高峰期削減了股息。儘管它們的股息率很高，但這些股息削減可能會讓尋找可靠股息股票的收入投資者感到不安。道達爾沒有削減股息，但它一直在不斷投資於電力和可再生能源資產。雖然它正在隨着周圍世界的變化而改變，隨着更清潔的能源選擇變得越來越重要，但它實際上不再是一家純粹的能源公司。這使得埃克森和雪佛龍成為最後的選擇，它們兩家都更加專注於石油業務，並且都有着長期不斷增長股息的歷史。</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>公平地説，埃克森 42 年的連續增長股息記錄比雪佛龍的 37 年要好。但考慮到過去三十年中石油和天然氣價格的巨大波動，這兩家公司的連續增長記錄都令人印象深刻。因此，從這個角度看，雪佛龍與埃克森不相上下。但在另外兩個重要領域，雪佛龍勝過了埃克森。</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，雪佛龍的股息率為 4.3%，而埃克森的股息率為 3.2%。而平均能源股的股息率為 3.4%。如果你正在尋找一家高股息石油股票，埃克森似乎稍顯不足，而雪佛龍則顯得更具吸引力。</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 資產負債比數據由 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>然後還有資產負債表，這基本上是支付股息的財務基礎。雪佛龍的資產負債比率較低，因此比其最接近的同行更好。埃克森的比率接近，但考慮到雪佛龍更高的股息率，明顯的贏家仍然是雪佛龍。請注意，在行業低迷期間能夠承擔額外槓桿的能力是使雪佛龍和埃克森得以通過不可避免的能源低迷時期支持其股息和業務的關鍵。</p>
</div><h2>All in, Chevron is the high-yield oil stock to buy</h2>
<div class="lb-trans"><h2>總的來説，雪佛龍是值得購買的高股息石油股票</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>綜上所述，尋找可靠高股息石油股票的股息投資者可能應選擇雪佛龍。你可能有理由擁有其他能源公司，但如果你只是想找到最佳全面選擇，雪佛龍脱穎而出。無論你有 1,000 美元還是 100,000 美元要投資，這都是正確的選擇。</p>
</div>

目前投資 1000 美元的最佳高收益石油股票