The striker moved onto 10 goals for the campaign - meaning the New Zealander has now hit double figures in four successive campaigns.
Only Harry Kane, Mohamed Salah, Jamie Vardy, Heung-Min Son and Alexandre Lacazette have achieved that feat.
Ashley Westwood was also on the scoresheet as Burnley ran riot.
Sean Dyche;s side are now nine points clear of Fulham with just five games remaining.
Here are the RATINGS.
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Burnley's New Zealand striker Chris Wood (L) celebrates with Dwight McNeil (2L), Josh Brownhill (2R) and Matej Vydra (R) during the English Premier League football match between Wolverhampton Wanderers and Burnley at the Molineux stadium in Wolverhampton. Photo: Oli Scarff
. Nick Pope 7.1
Given very little to do, but stayed tuned in and did what he had to do well. Claimed the high balls, kicking was improved and reacted well to turn Traore's deflected cross around the post in the second half. Photo: Jon Super
. Matt Lowton 7.6
Showed good anticipation at the back, stepping up to cut out passes and get Burnley moving on the front foot. Had little trouble policing the likes of Ait Nouri and Podence and went within a whisker of scoring. Photo: Alex Livesey
5. Ben Mee 7.6
Headed and kicked everything that Wolves threw into the box, defended the edge of the penalty area well, giving the home side's forward line very little time and space to work in. The skipper led by example. Photo: Alex Livesey
6. Josh Brownhill 7.5
Worked well on and off the ball. Supported Lowton in defence, providing able cover when the full back burst forward, and always neat and tidy in possession. Covered plenty of ground and used the ball intelligently. Photo: Gareth Copley
7. Dwight McNeil 8.2
The winger had said in midweek that he'd like to add to his numbers and he duly obliged with two assists. Carried the Clarets forward, moved into the middle to effect play and played with confidence and composure. Photo: Jon Super
8. Ashley Westwood 7.9
Played with a superb tempo and with real purpose. Buzzed around all over the pitch, giving Neves and Dendoncker very little time on the ball and scored a fantastic goal from the edge of the box to round things off. Photo: Carl Recine