Dividend Vision Lists
Energy Dividend Stocks
A curated list of the energy companies that produce, service, and transport oil and gas — from the integrated majors and explorers to oilfield services and the midstream pipelines — a sector known for high yields and commodity-driven swings.
Updated July 2026 · 21 companies
DV Scorecard
Our proprietary snapshot of this list — averages and standouts, computed from the companies below. Not investment advice.
Energy has long been one of the market's highest-yielding sectors, and this page gathers the major dividend-paying names across the oil and gas value chain — from the companies that pump crude to those that refine it and pipe it across the country.
The list spans several roles: integrated majors that do a bit of everything; exploration-and-production companies focused on the wellhead; oilfield-services firms that supply the drilling; refiners that turn crude into fuel; and midstream operators that own the pipelines and terminals. Income tends to be highest in the midstream and integrated names, but the sector is tied to commodity prices, so payouts and total return can swing more than in defensive sectors.
Dividend Vision's angle is the income and durability behind the theme: how safe each payout looks through our Distribution Safety Score, how the yields compare, and what the commodity cycle means for the dividend. Figures refresh live from our data pipeline on every build, and nothing here is investment advice.
Energy Dividend Stocks
Live data joins from our pipeline on every build — click any header to sort, or open a ticker for the full analysis. We never hard-code yields, prices, or returns.
| Ticker | Company | Role | Yield | Div growth (1y) | Safety | Fwd P/E | Market cap |
|---|---|---|---|---|---|---|---|
| XOM | Exxon Mobil Corporation | Integrated Oil & Gas | 2.85% | +3.9% | 99 | 13.3 | $610.8B |
| CVX | Chevron Corporation | Integrated Oil & Gas | 3.84% | +6.6% | 90 | 12.8 | $373.2B |
| COP | ConocoPhillips | Oil & Gas Exploration | 3.01% | +22.8% | 100 | 11.0 | $139.8B |
| ENB | Enbridge Inc. | Midstream Energy | 4.95% | +10.0% | 90 | 27.0 | $123.8B |
| VLO | Valero Energy Corp. | Energy | 0.80% | +31.4% | 100 | 10.2 | $91.9B |
| MPC | Marathon Petroleum Corp. | Energy | 1.34% | +11.6% | 100 | 9.5 | $91.3B |
| WMB | The Williams Companies, Inc. | Natural Gas Infrastructure | 2.76% | +8.1% | 92 | 32.1 | $89.7B |
| PSX | Phillips 66 | Energy | 2.52% | +14.9% | 99 | 13.0 | $82.9B |
| EPD | Enterprise Products Partners LP | Midstream Energy | 5.84% | +4.6% | 100 | 13.4 | $82.6B |
| EOG | EOG Resources, Inc. | Oil & Gas Exploration | 2.97% | -0.9% | 100 | 7.9 | $74.5B |
| KMI | Kinder Morgan, Inc. | Energy Infrastructure | 3.64% | +9.1% | 99 | 23.6 | $71.9B |
| SLB | SLB (Schlumberger) | Oilfield Services | 2.44% | -10.3% | 100 | 17.8 | $70.3B |
| ET | Energy Transfer LP | Midstream Energy | 6.71% | +3.2% | 100 | 12.0 | $69.9B |
| TRGP | Targa Resources Corp. | Energy | 1.44% | +35.7% | 100 | 25.8 | $60.7B |
| OKE | ONEOK Inc. | Energy | 4.61% | +11.7% | 62 | 16.7 | $58.9B |
| BKR | Baker Hughes Co. | Energy | 1.61% | +14.9% | 95 | 21.3 | $55.5B |
| FANG | Diamondback Energy Inc. | Energy | 2.16% | +43.3% | 94 | 8.5 | $55.0B |
| OXY | Occidental Petroleum Corporation | Energy | 1.86% | +12.5% | 100 | 9.8 | $54.6B |
| DVN | Devon Energy Corp. | Energy | 2.24% | +38.9% | 86 | 8.0 | $49.6B |
| EQT | EQT Corp. | Energy | 1.34% | +19.5% | 100 | 10.6 | $31.0B |
| HAL | Halliburton Co. | Energy | 1.93% | 0.0% | 100 | 13.6 | $29.4B |
Why this list matters
Energy offers some of the market's highest yields and a degree of inflation sensitivity, but it comes with real commodity-cycle volatility that shapes both prices and dividends.
Who it's for
- Income investors drawn to the sector's high yields, especially in midstream and majors
- Investors seeking commodity and inflation-sensitive exposure
- Those wanting to compare integrated majors, explorers, services, refiners, and pipelines
- Holders comparing an energy name they own against its peers on yield and safety
Benefits
- Among the highest dividend yields of any sector, particularly in midstream
- Some inflation sensitivity, since energy prices are a component of inflation
- The largest integrated majors have long histories of maintaining their dividends
Risks
- Commodity-price cyclicality — earnings and, at times, dividends move with oil and gas prices
- Capital intensity and the risk of dividend cuts in deep downturns for weaker names
- Long-term energy-transition and demand-uncertainty risk
- Some midstream operators use complex structures; understand how distributions are funded
- Regulatory, environmental, and geopolitical exposure
What to watch
- How well the dividend is covered by cash flow — start with the Distribution Safety Score and payout ratio
- Where a name sits: an integrated major, an explorer, a service firm, a refiner, and a pipeline behave very differently
- The commodity-price environment, which drives the sector's earnings
- Balance-sheet strength, which determines who can sustain a dividend through a downturn
How we rank these investments
This page is a curated universe, not a ranked buy list — the table sorts on any column. These are the dimensions we surface and what each tells you.
- Distribution yield. The current dividend as a share of price. Midstream and integrated majors tend to lead; explorers and services vary more.
- Dividend growth. How fast the payout is rising — a useful health signal, though some energy names also use variable or special dividends.
- Distribution Safety Score. Dividend Vision's proprietary read on how durable a payout looks, from the same one scorer used across the site.
- Valuation. Forward P/E and related measures put the cycle and growth expectations baked into the price in context.
- Total return. Price change plus dividends. In energy the dividend can be a large share of total return, but price swings with the commodity.
- Business role. Integrated major, explorer, oilfield services, refiner, or midstream pipeline — each carries a very different risk profile.
- Liquidity & size. Market capitalization and trading volume. Larger, more liquid names are easier to trade and tend to be less volatile.
- Payout ratio. The share of earnings or cash flow paid out — a key cushion given the sector's cyclicality.
- Distribution frequency. How often a dividend is paid. Most of these companies that pay do so quarterly.
Frequently asked questions
What counts as an energy dividend stock?
This page uses a curated view of the oil and gas value chain: integrated majors, exploration-and-production companies, oilfield-services firms, refiners, and midstream pipeline operators that pay dividends. It tracks 21 of them with live data.
Why do energy stocks have high yields?
Energy companies often generate large cash flows and return much of it to shareholders, and midstream operators in particular are built around distributions. Yields can also rise when share prices fall on lower commodity prices — so a high yield is a signal to investigate, not automatically a bargain.
Are energy dividends safe?
It varies widely. The largest integrated majors have long histories of maintaining dividends, while weaker or more leveraged names have cut in past downturns. The Distribution Safety Score on each ticker page is designed to help gauge how durable each payout looks. Nothing here is investment advice.
What are midstream and pipeline stocks?
Midstream companies own the pipelines, storage, and terminals that move oil, gas, and refined products. Their fee-based models can make cash flows steadier than producers', and they're often among the highest-yielding names in energy.
How do oil prices affect these stocks?
Energy earnings — and sometimes dividends — move with oil and gas prices, especially for explorers and services firms. Integrated majors and fee-based midstream operators tend to be less directly exposed, but the whole sector is more cyclical than defensive sectors.
Which energy stocks yield the most?
Yields cluster in the midstream and integrated names, but the highest yield isn't automatically the best choice — it can reflect market doubt about the payout. Sort the table by yield and cross-check the Safety Score, then review each name on its own page.
What is the Distribution Safety Score?
It's Dividend Vision's proprietary measure of how durable a company's dividend looks, scored from 0 to 100 using the same single model applied across the site.
How is this different from an energy ETF?
An ETF bundles many of these names into one fund. This page lets you see and compare the individual companies, each linking to a full analysis, with a live DV Scorecard. For fund exposure, see our MLP ETFs list.
How often is this list updated?
The membership is curated, while yields, prices, market caps, and Safety Scores refresh from our data pipeline on every build. The figures reflect the most recent data run.
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