Headquartered in London, Shell is a multinational energy giant with operations in more than 70 countries. It produces around 3.2 million barrels of oil equivalent per day, has an interest in 10 refineries, and sold 64.2 million tons of liquefied natural gas last year.
In January, Chevron’s board approved a 6 per cent increase to the quarterly dividend rate to $1.42 per share. That gives the company an annual dividend yield of 3.6 per cent.Morgan Stanley analyst Devin McDermott has an ‘equal weight’ rating on Chevron but raised the price target from $187 to $193 last month. That implies a potential upside of 23 per cent from the current levels.Article contentCommanding a market cap of over $400 billion, Exxon Mobil is bigger than Shell and Chevron.
Solid financials allow the company to return cash to investors. Exxon pays quarterly dividends of 88 cents per share, translating to an annual yield of 3.6 per cent.Article content And it’s becoming a popular way to diversify because it’s a real physical asset with little correlation to the stock market.