Highest Dividend Oil Stocks - For High Returns in 2024
Oil stocks with high dividend yields offer a compelling opportunity for investors seeking both reliable income and exposure to a vital sector of the global economy. The oil industry has long been a cornerstone of energy production, driving growth and innovation in multiple industries. Despite the volatility in oil prices, leading companies in this sector, such as Chevron, TotalEnergies and BP, continue to deliver consistent dividend payouts, making them attractive for income-focused investors. Additionally, the global demand for oil remains strong, even as the world transitions to renewable energy sources, ensuring that these companies will remain essential for years to come. Investing in the highest dividend oil stocks can provide stable returns and a hedge against inflation, making them a valuable addition to any portfolio. Below, we’ll explore some of the top oil stocks known for their strong dividend performance.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| Exxon Mobil | 3.56% | 49.60% | 14.44% | 1.84% | 0.13% | 2.28% | 3.58% |
| Chevron | 4.22% | 66.82% | 15.67% | 1.82% | 0.11% | 6.49% | 4.47% |
| BP | 5.80% | 1313.12% | 37.14% | 0.24% | 0.01% | -5.82% | -2.47% |
| TotalEnergies | 5.49% | 48.97% | 8.88% | 1.19% | 0.13% | 9.24% | 0.48% |
| ConocoPhillips | 3.44% | 39.44% | 11.47% | 1.64% | 0.17% | 18.50% | 0.94% |
| Phillips 66 | 3.65% | 88.90% | 24.87% | 1.92% | 0.07% | 5.15% | 9.06% |
| Kinder Morgan | 4.40% | 97.86% | 22.21% | 1.90% | 0.09% | 3.80% | -23.65% |
| Energy Transfer | 7.36% | 117.89% | 13.36% | 1.83% | 0.14% | 0.89% | -1.61% |
| Enbridge | 6.33% | 92.14% | 14.66% | 2.00% | 0.14% | 5.56% | 7.56% |
| TC Energy | 5.87% | 86.25% | 14.57% | 2.48% | 0.16% | 3.48% | 3.43% |
| ONEOK | 4.47% | 76.21% | 17.26% | 3.07% | 0.18% | 2.33% | 6.42% |
| Williams Companies | 3.27% | 104.09% | 31.88% | 5.70% | 0.18% | 4.56% | -0.30% |
| Enterprise Products Partners | 6.29% | 94.99% | 12.52% | 2.58% | 0.28% | 3.46% | -1.80% |
| MPLX | 6.70% | 60.62% | 12.71% | 3.98% | 0.32% | 5.76% | 10.09% |
| Valero Energy | 3.42% | 49.96% | 14.75% | 1.67% | 0.11% | 3.52% | 15.09% |
| Marathon Petroleum | 2.52% | 33.50% | 12.88% | 1.73% | 0.16% | 9.81% | 6.29% |
| Suncor Energy | 4.46% | 46.59% | 10.84% | 1.47% | 0.13% | 4.96% | 4.64% |
| Canadian Natural Resources | 5.47% | 56.60% | 11.38% | 2.17% | 0.19% | 11.42% | 7.98% |
| Occidental Petroleum | 1.40% | 47.32% | 14.34% | 1.28% | 0.09% | -22.46% | -11.18% |
| Pioneer Natural Resources | -% | 54.25% | 13.27% | 2.67% | 0.21% | 16.36% | 41.42% |
| EOG Resources | 2.92% | 32.59% | 11.22% | 2.45% | 0.22% | 29.10% | 19.66% |
| Devon Energy | 4.18% | 32.41% | 7.53% | 1.50% | 0.29% | 32.88% | 4.43% |
| Coterra Energy | 3.11% | 55.75% | 17.72% | 1.47% | 0.09% | 19.14% | 26.51% |
| Hess | 1.26% | 20.91% | 16.56% | 4.01% | 0.26% | 13.40% | 6.49% |
| APA | 5.31% | 43.91% | 8.65% | 1.32% | 0.17% | 0.00% | 0.51% |
| Imperial Oil | 2.63% | 25.85% | 10.94% | 2.23% | 0.20% | 22.31% | 10.83% |
| Cenovus Energy | 4.29% | 49.36% | 11.75% | 1.24% | 0.11% | 28.02% | -5.68% |
| Vermilion Energy | 4.61% | -156.26% | -37.17% | 0.62% | -0.02% | -30.71% | -17.52% |
| Crescent Point Energy | 3.35% | -458.00% | -132.33% | 1.21% | -0.01% | 55.13% | -23.12% |
| Pembina Pipeline | 5.27% | 91.26% | 16.93% | 1.80% | 0.11% | 2.33% | 1.50% |
| Plains All American Pipeline | 6.55% | 120.17% | 15.04% | 1.09% | 0.08% | -1.65% | -6.73% |
| Delek US | 4.66% | -11.46% | -1.84% | 1.79% | -0.76% | 0.92% | 0.56% |
| Targa Resources | 1.49% | 46.91% | 33.85% | 17.13% | 0.51% | -5.45% | 0.27% |
| PBF Energy | 4.90% | -22.39% | -4.58% | 0.43% | -0.09% | -3.10% | -1.56% |
| Sunoco | 6.18% | 87.38% | 10.26% | 1.90% | 0.22% | 0.99% | 5.39% |
| NuStar Energy | 0.97% | 143.73% | 13.46% | 2.73% | 0.28% | -23.91% | -17.87% |
| Antero Midstream | 5.31% | 109.30% | 20.34% | 3.85% | 0.19% | -3.61% | 0.00% |
| Equitrans Midstream | 1.21% | 69.91% | 11.85% | 3.09% | 0.26% | 0.00% | 0.00% |
| Frontline | 11.76% | 77.70% | 6.75% | 1.57% | 0.23% | 45.41% | 0.00% |
| Golar LNG | 2.61% | 989.36% | 296.49% | 1.97% | 0.01% | 0.00% | 0.00% |
| Scorpio Tankers | 4.02% | 11.39% | 2.65% | 0.67% | 0.26% | 31.95% | 15.16% |
| DHT | 8.84% | 88.98% | 9.58% | 1.67% | 0.17% | 37.97% | 28.73% |
| Euronav | 27.72% | 54.37% | 2.86% | 1.74% | 0.55% | 107.71% | 0.00% |
| Nordic American Tankers | 16.33% | 142.85% | 8.14% | 1.00% | 0.12% | 31.95% | -4.13% |
| FLEX LNG | 13.64% | 179.79% | 12.90% | 1.48% | 0.11% | 97.44% | 0.00% |
| Genesis Energy | 4.91% | -140.72% | -18.32% | 1.04% | -0.06% | -22.50% | -12.09% |
| Western Midstream Partners | 8.62% | 57.52% | 9.81% | 4.58% | 0.47% | 5.48% | 11.85% |
| Murphy Oil | 4.83% | 44.20% | 9.08% | 0.69% | 0.08% | 3.71% | -0.99% |
| Matador Resources | 1.84% | 11.85% | 7.39% | 1.29% | 0.19% | 0.00% | 0.00% |
| Marathon Oil | 1.16% | 19.02% | 12.09% | 1.41% | 0.12% | 17.08% | -5.80% |
| Magnolia Oil & Gas | 2.32% | 26.67% | 12.11% | 5.87% | 0.24% | 0.00% | 0.00% |
| Diamondback Energy | 4.43% | 47.27% | 12.25% | 1.08% | 0.12% | 64.53% | 0.00% |
| Chesapeake Energy | 2.12% | 74.89% | 24.39% | 1.03% | 0.04% | 0.00% | 0.00% |
| Range Resources | 0.86% | 29.08% | 33.91% | 2.29% | 0.07% | 0.00% | 0.00% |
| SM Energy | 2.32% | 11.04% | 4.87% | 0.89% | 0.19% | 49.23% | 22.16% |
| Matador Resources | 1.84% | 11.85% | 7.39% | 1.29% | 0.19% | 0.00% | 0.00% |
| Northern Oil and Gas | 5.21% | 31.13% | 6.01% | 1.35% | 0.24% | 0.00% | 0.00% |