Energy dividend stocks
Energy companies range from oil and gas producers, whose profits rise and fall with commodity prices, to pipeline operators that earn steadier, fee-based income. Many pay generous dividends, but producers' payouts can swing with oil and gas prices, and some pay a fixed base dividend plus a variable amount on top.
How this list is built: US-listed stocks in the Energy sector in our data with a yield of 2% to 12% and a share price of at least $5. The payout ratio must be 100% of earnings or less; where the dividend history allows, dividends paid over the last 12 months must be no more than 5% below the 12 months before, and high payers (8% or more) whose share price fell 10% or more over the past year are left out. Highest yield first. Refreshed daily from our dividend data.
| # | Stock | Yield | Annual dividend | Pays | Payout ratio | Dividend growth, 1 yr | Next ex-dividend |
|---|---|---|---|---|---|---|---|
| 1 | MPLX MPLX LP | 7.38% | $4.31 | Quarterly | 90% | +12.5% | Nov 6, 2026 own by Nov 5, 2026 |
| 2 | ET Energy Transfer LP | 6.58% | $1.35 | Quarterly | 91% | +3.1% | Nov 6, 2026 own by Nov 5, 2026 |
| 3 | EPD Enterprise Products Partners L. | 5.96% | $2.21 | Quarterly | 76% | +3.0% | Oct 30, 2026 own by Oct 29, 2026 |
| 4 | OKE ONEOK, Inc. | 4.44% | $4.24 | Quarterly | 73% | +3.9% | Nov 2, 2026 own by Oct 30, 2026 |
| 5 | BP BP p.l.c. | 3.99% | $2.02 | Quarterly | 95% | +4.0% | Nov 13, 2026 own by Nov 12, 2026 |
| 6 | KMI Kinder Morgan, Inc. | 3.51% | $1.18 | Quarterly | 76% | +1.7% | Nov 2, 2026 own by Oct 30, 2026 |
| 7 | CVX Chevron Corporation | 3.04% | $7.05 | Quarterly | 67% | +4.3% | Nov 18, 2026 own by Nov 17, 2026 |
| 8 | TRP TC Energy Corporation | 3.00% | $1.87 | Quarterly | 98% | +4.4% | Dec 29, 2026 own by Dec 28, 2026 |
| 9 | WMB Williams Companies, Inc. (The) | 2.91% | $2.07 | Quarterly | 82% | +5.1% | Dec 11, 2026 own by Dec 10, 2026 |
| 10 | SHEL Shell PLC | 2.83% | $3.02 | Quarterly | 33% | +6.6% | Nov 13, 2026 own by Nov 12, 2026 |
| 11 | EOG EOG Resources, Inc. | 2.51% | $4.09 | Quarterly | 31% | +3.4% | Jan 15, 2027 own by Jan 14, 2027 |
| 12 | XOM ExxonMobil Holdings Corporation | 2.25% | $4.12 | Quarterly | 53% | +4.0% | Nov 16, 2026 own by Nov 13, 2026 |
| 13 | COP ConocoPhillips | 2.23% | $3.36 | Quarterly | 44% | +7.7% | Nov 16, 2026 own by Nov 13, 2026 |
| 14 | DVN Devon Energy Corporation | 2.18% | $1.12 | Quarterly | 23% | +19.1% | Dec 15, 2026 own by Dec 14, 2026 |
| 15 | FANG Diamondback Energy, Inc. | 2.07% | $4.25 | Quarterly | 79% | +9.0% | Nov 12, 2026 own by Nov 11, 2026 |
Figures are estimates, can be delayed or wrong, and are not investment advice or a recommendation to buy or sell any security.
Producers vs pipelines
Oil and gas producers' cash flow follows commodity prices, so their dividends can rise sharply in good years and be cut in bad ones. Pipeline and storage companies are usually paid fees for moving volumes, which makes their cash flow, and dividends, more stable.
Base plus variable dividends
Some producers pay a fixed base dividend plus a variable dividend that depends on how much cash they generate. The variable part can change a lot from quarter to quarter, so the yield based on the latest payment can overstate or understate the next year.
Partnerships
Some pipeline businesses are structured as master limited partnerships (MLPs), which pay distributions rather than dividends and send investors a K-1 tax form instead of a 1099.
Frequently asked questions
Are energy dividends safe?
It depends on the business. Pipeline companies with fee-based contracts tend to have steadier dividends; oil and gas producers' dividends can be cut when commodity prices fall.
What is a variable dividend?
An extra payment on top of a fixed base dividend that changes with how much cash the company generates. Several oil and gas producers use this approach.
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