The board of directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of $1.07 per share, payable September 10, 2015, to holders of the San Ramon-based company’s common stock as of August 19, 2015.

In May Chevron reported earnings for the first quarter of 2015 of $2.6 billion, or $1.37 per share, on revenues of $32 billion. This compares with earnings for the same quarter a year earlier of $4.5 billion, or $2.36 per share, on revenues of $51 billion.