Oil stocks took it on the chin over the past two years. The steep decline in commodity prices caused a great deal of pain throughout the energy sector.
While many oil and gas stocks cut their dividend payouts to stay afloat, Exxon Mobil and Chevron continued to raise their dividends through the downturn.
Both Exxon Mobil and Chevron are Dividend Aristocrats. The Dividend Aristocrats are a group of 51 companies in the S&P 500 Index that have raised their dividends for 25+ years in a row.
You can see the full Dividend Aristocrats List here.
Exxon Mobil has increased its dividend for 34 consecutive years, while Chevron has raised its dividend for 29 years in a row.
If an investor were interested in buying just one of these two dividend oil stocks, this article will discuss which is the better stock.