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Jim Pyke, a leading energy expert, has a strong background in strategy, finance, and risk management and has always been fascinated by financial markets. He is currently a management consultant. Previously, he was a senior executive at a renewable energy company. His prior experience also... More
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TCB Capital Advisors LLC
  • Top Paying Dividend Stocks - Oil & Gas 0 comments
    Sep 9, 2012 10:35 PM | about stocks: VLO, BP, CVX, XOM

    Taking a look at some common, large cap dividend stocks in the Oil & Gas industry. It is important to distinguish between MLPs and dividend paying stocks which have different tax and accounting issues. The following table shows a quick selection of some majors with their forward dividend yields.

    Top Paying Dividend Stocks
    TickerNamePriceForward Dividend EstimateForward Yield
    CVXChevron Corporation114.003.703.2%
    XOMExxon Mobil Corporation89.922.442.7%
    BPBP plc41.932.105.0%
    VLOValero Energy Corporation32.180.712.2%
    SPYS&P 500 Trust ETF144.332.912.0%

    Source: Yahoo!Finance, author calculations and estimates.

    BP plc (NYSE:BP) shows a great improvement in increasing its quarterly dividend from $0.42 to $0.48. However it should be noted that this is down from its previous level of $0.84 per share. Chevron Corporation (NYSE:CVX) is another promising opportunity. This $223 billion company (market capitalization) has a strong track record of paying dividends. Valero Energy Corporation (NYSE:VLO) is another dividend stock with an above market yield. VLO is focused on oil refining and marketing company. I look forward to doing some more research and digging back into the basic materials and energy sector to review dividend paying stocks.

    Disclosure: I am long SPY.

    Additional disclosure: Disclaimer: This article is for informational and educational purposes only and shall not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, recommendation or endorsement to buy or sell any security.

    Stocks: VLO, BP, CVX, XOM
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