The US oil and gas industry is one of the world’s largest and most powerful. Over the past decade, investors have been attracted to the sector due to its impressive growth potential and dividend payouts. With the US poised to become the world’s biggest oil and gas producer by 2023, the potential for further growth in the sector is surely high.
Given the expected surge in oil and gas production, investors want to take advantage of the sector’s lucrative dividend payouts. To provide investors with an overview of some of the top US oil and gas dividend stocks available in 2023, we have compiled a list of the top-5 companies based on their dividend yields.
The first company on our list is Chevron Corporation. The company is one of the world’s largest integrated oil and gas companies, boasting a large market capitalization. And, with a 6.38% dividend yield, Chevron is a great stock for dividend investors.
In second place is ConocoPhillips. The company is the largest independent oil and natural gas exploration and production company in the US and the largest producer of natural gas in the country. Furthermore, it sports a 5.4% dividend yield that beats the industry’s average of 4%.
ExxonMobil stands out as one of the oldest and most renowned US oil and gas companies. It is also highly profitable and offers the highest dividend yield of 8%. Investors should note that ExxonMobil is expanding its operations internationally, which could lead to further dividend increases in the future.
Fourth on our list is Anadarko Petroleum. Anadarko is one of the most established oil and gas exploration and production companies in the US and boasts a 4.45% dividend yield.
Finally, Marathon Oil is the smallest company on our list with a market capitalization of over $8 billion. But, with a solidly diversified portfolio of oil and gas assets, Marathon is one of the most reliable dividend payers and offers an impressive 5.77% dividend yield.
All in all, the US oil and gas sector has tremendous potential for growth and is likely to see further dividend growth over the coming years. The top-5 US oil and gas dividend stocks outlined in this article offer investors an ideal platform for achieving success in the sector in 2023.
