Chevron has taken up cost-cutting initiatives and asset disposal plans to generate cash and keep shareholders happy, without having to compromise on dividend reductions. Passive investors shouldn’t stir and firmly hold onto their position, as the oil and gas giant is deploying all necessary measures to preserve dividend payments. This can be judged by the fact that despite weak earnings, it continues to maintain a strong dividend yield of 4.22%. The cost-cutting initiatives can greatly supplement its financial position, provided oil recovers at a much faster rate.