Oil and gas companies have ramped up their dividends in the past two years, becoming one of the top industries for shareholder payouts.
The three producers on the list above— Pioneer Natural Resources, Civitas Resources, and Chord Energy —pay out variable dividends. Civitas has also rewarded shareholders. Civitas is one of just a few oil and gas companies whose operations are focused in Colorado, which has more stringent standards for oil drilling than states such as Texas. Civitas frequently acquires other companies, however, and has lately been buying acreage in the Permian Basin. In its latest quarterly report, Civitas announced a 50 cent base dividend per share and a $1.24 variable dividend.
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