Chevron Hikes Dividend 6% as Oil Prices Surge

The transcript discusses the company's financial performance, highlighting challenges with legacy assets and noncash charges. Despite these challenges, the company achieved record free cash flow for the second consecutive quarter and increased its annual free cash flow by 25% compared to its best year. The company also increased its dividend for the 35th consecutive year and maintained strong share buybacks, positioning itself well for 2022.

How does the company's dividend yield compare to the 10-year yield?

What is the outlook for the company in 2022 based on the provided information?