Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTScott Levine, The Motley FoolThu, June 25, 2026 at 3:43 PM GMT+2 3 min readWhile 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.Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »Image source: Getty Images.The rise in energy prices is just one factor affecting Chevron stockGiven 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. As of this writing, the price of a barrel of benchmark West Texas Intermediate crude oil has soared more than 48% since the start of 2026.While some energy companies have suffered since the conflict began, Chevron has remained unscathed due to its limited operations in the region. Management, for example, stated on the company's first-quarter 2026 conference call that less than 5% of Chevron's production occurs in the region, and it reaffirmed its 2026 production forecast of 7% to 10% year-over-year growth.Is it too late to power your portfolio with Chevron stock?Despite the stock's recent rise, investors have a great opportunity to fortify their passive income streams with Chevron stock now. Having hiked its dividend for 39 consecutive years, Chevron has maintained a corporate culture of rewarding shareholders and maintaining the company's financial health. Over the past five years, the company has averaged a 64% payout ratio.With Chevron continuing to integrate its acquisition of Hess -- including its assets in Guyana and the Bakken shale -- it is well positioned for growth in its upstream business as it also pursues organic growth in the Permian Basin and Gulf of Mexico.Trading at 11.9 times forward earnings, Chevron stock is a solid pick from the oil patch right now.Should you buy stock in Chevron right now?Before you buy stock in Chevron, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chevron wasn't one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info