However, energy prices, specifically oil, have been on a steady downtrend since early 2022, when Brent crude oil traded at $120 per barrel. Nobody can predict when oil prices might rebound, or what prices to expect next. But if oil continues to slide, here is why you shouldn't have to worry about Chevron's dividend. Importantly, management believes it can fund its capital expenditures and current dividend at Brent crude prices of $50 per barrel. The only time Brent crude fell to $50 per barrel over the last decade was during the COVID-19 pandemic.