Dividend Aristocrat Chevron (CVX) will raise its quarterly dividend by dividend by 11.1 percent  to $1.00 quarterly in 2013. Last year the oil major hiked its dividend by nine cents to $0.90 per share quarterly. Dow component Chevron now has raised its dividend for 27 consecutive years.

Chevron Corporation is global energy company. The company operates through two business segments, Upstream and Downstream, through which produces and transports crude oil and natural gas and refines, markets, and distributes fuels. Chevron is also involved in chemical and mining operations, power generation, and energy services. Earnings of the company depend mostly on the profitability of its upstream business segment. The biggest factor affecting the results of operations for the upstream segment is the price of crude oil.