Oil and gas stocks have shown resilience in the face of ever-growing ESG mandates and the constant reminder that electric vehicles are on the horizon. As we saw in 2022, oil demand remains high, and factors affecting its supply are essential for consumers, businesses and investors. With Saudi Arabia leading a new round of production cuts, oil prices are expected to remain well supported, at least in the short term. Our latest reaffirmation in the Best Energy Dividend Stocks List is an oil and gas blue-chip whose business has responded positively to rebounding oil prices.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
Solid cash flow, ever-increasing dividend payouts and global supply constraints make our latest pick a strong contender for income investors’ portfolios. Our pick more than doubled its earnings in 2022 and remains on track to expand traditional and new energy supplies.
To increase our position in the oil and gas major, we had to cut our position in another leading oil and gas firm and a leading midstream company.
