CEO has stated on multiple occasions stock split is not likely - it adds no value, and has real actual costs (his number was 'millions' for the filings and paperwork. They'd rather spend that millions getting more production).
YOU WILL get a spliiting headgut n' butt ache. Wait til the macro market takes it's next dive... (in past happened around 120 points. 120 happened last month or so... No split then... so, NObody knows, yet...
Where have you been?
We already got the dividend increase yesterday, and a nice one too. (0.10) 11.5%. As far as a split goes, well...maybe. We will have to wait and see tomorrow. Even though a split won't actually add value, it would be nice to see.
A split will add some value by allowing smaller investors to buy in. And yes there is some psychology to it, if a typical small investor has two thousand dollars to invest, do are they going to buy 16 shares of CVX @ 120, or would would they rather buy 50+ shares of something in the $30-$40 range.