5 Dividend Stocks to Ride Energy Wave With Yields Up to 7.9% for Income Seekers

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Exxon Mobil Corp Nieuws

Valero Energy Corporation,EOG Resources Inc,Copper Futures

Stocks Analysis by Contrarian Outlook (Brett Owens) covering: Exxon Mobil Corp, Valero Energy Corporation, EOG Resources Inc, Copper Futures. Read Contrarian Outlook (Brett Owens)'s latest article on Investing.com

bullish on oil. Or at least intrigued by the upside possibility. And why not? There are three reasons crude may continue to crescendo.the usual impending recession. Rather than a hard or soft landing, it looks like we will see “no landing” at all in which the economy continues to grow.

BP cut its dividend by 50% in 2020 and “dividend magnet” dragged the stock price down the same. Since then, the giant has revived. Sales doubled between 2020 and 2023 and today BP is solidly profitable again. has rallied since we called it a “no landing” favorite last week. Shares still pay a sweet 7.9% and look attractive here.

Since 2014, the oil price required by EOG to achieve 10% return on capital has dropped from $86 per barrel to just $42 last year:Which means upside on oil is pure cash for EOG. The stock pays 2.7% while longs wait for it to moonshot.

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