The world of oil and gas stocks has been a wild one over the past several years. With the Covid-19 pandemic crashing the market values of many businesses, investing in the traditional energy sector has been a difficult and volatile proposition. But the future of the oil and gas sector looks much brighter, and there are plenty of dividend-paying investments that could help investors make some solid profits.
In this article, we’ll be looking at the top five oil and gas dividend stocks for investment in 2023 and why they are a solid choice for investors.
The first stock we’ll be looking at is Chevron Corporation (CVX). Chevron is the world’s third-largest publicly traded oil and gas company. It is well diversified across production, exploration, development, refining, and marketing entities. In terms of dividends, Chevron offers a 4.06% dividend yield, making it an attractive income option. The company also currently has a dividend streak of 33 years, further emphasizing it’s dependability.
The second stock we’re looking at is ConocoPhillips (COP). ConocoPhillips is the second-largest publicly traded oil and gas company in the world. With a total of 14 projects ranging from exploration to development, ConocoPhillips has a well-diversified portfolio. The company also currently offers a 4.73% dividend yield.
The third stock on this list is Royal Dutch Shell (RDS). Royal Dutch Shell is an integrated global oil and gas company, engaged in exploration, production, refining and marketing operations. The company has a forward-looking dividend policy, having increased its regular dividend level for the last 10 years. Their current dividend yield is 5.74%, making it one of the best investments in the sector.
The fourth stock we’re looking at is BP plc (BP). BP plc is a diversified energy company with a large presence in the exploration, production, refining and marketing of oil and gas. BP currently has a dividend policy that yields a 5.37% dividend yield. This makes it a great investment option for those who are in search of a high dividend sticker.
Lastly, we’ll be looking at Exxon Mobil Corporation (XOM). Exxon Mobil Corporation is the world’s largest oil and gas producer. The company has an extensive presence in exploration, production, refining and marketing. In terms of dividends, Exxon Mobil has a 4.58% dividend yield, making it a strong investment choice for income investors.
All five of these stocks are available on the stock market for trading. Each has strong prospects for future growth and income-producing options. Investors who want to take advantage of some solid income streams and a steady growth rate should certainly consider these stocks. As always, it is important to weigh the risks of any investment. Analyzing the historical performance of each stock and having an understanding of the industry and economy are both important pieces of info to consider.