10 Big Oil Dividend Stocks For Rising Oil Prices – Sure Dividend

Printed on March third, 2026 by Bob Ciura

On February twenty eighth, the U.S. and Israel attacked Iran.

Within the instant aftermath of the strikes, oil costs spiked, with WTI crude lately buying and selling above $77 per barrel.

Oil costs rose on the prospect of provide constraints, in addition to the potential for extra widespread army battle within the Center East.

Rising oil costs might be a direct profit to the most important oil producers.

With this in thoughts, we compiled an inventory of practically 50 vitality shares (together with vital investing metrics corresponding to dividend yields), obtainable for obtain under:

In instances of heightened geopolitical threat, earnings traders ought to flip to the relative stability of dividend shares.

This text will listing 10 main U.S. oil producers, that stand to profit straight or not directly if oil costs proceed to rise. These 10 huge oil dividend shares all have yields above the present S&P 500 common.

In flip, their rising profitability might gas future dividend progress.

Desk of Contents

The desk of contents under permits for straightforward navigation. The listing is sorted by dividend yield, from lowest to highest.

Huge Oil Inventory: Baker Hughes Co. (BKR)

Baker Hughes has operations in additional than 120 nations, and offers built-in oilfield merchandise, providers and digital options.

In late January, Baker Hughes reported (1/26/26) outcomes for This fall-2025. Its income of $7.4 billion was flat vs. the prior 12 months’s quarter and its orders of $7.9 billion grew 5% due to many tasks in LNG, vitality and offshore.

Adjusted earnings-per-share grew 12%, from $0.70 to $0.78, beating the analysts’ consensus by $0.11. Baker Hughes expects to keep up sturdy momentum in its Industrial & Power Expertise section, which has achieved report backlog of $32.4 billion.

The return of the U.S. and international oil manufacturing to their long-term progress trajectories will present a tailwind to the enterprise outcomes of Baker Hughes within the years forward. We count on 6.0% common annual progress of earnings-per-share till 2031.

Click on right here to obtain our most up-to-date Positive Evaluation report on BKR (preview of web page 1 of three proven under):

Huge Oil Inventory: Occidental Petroleum (OXY)

Occidental Petroleum is a global oil and gasoline exploration and manufacturing firm with operations within the U.S., the Center East, and Latin America.

Whereas the corporate additionally has a midstream section, it’s far more delicate to the value of oil than the built-in oil majors.

On October 2nd, 2025, Occidental agreed to promote its chemical enterprise to Berkshire Hathaway for $9.7 billion in money. The funds might be utilized by Occidental to repay $6.5 billion of debt and scale back its annual curiosity expense.

In mid-February, Occidental reported (2/18/26) outcomes for the fourth quarter of 2025. Its manufacturing edged up 1% over the prior quarter whereas its realized costs of oil and gasoline decreased materially.

Because of this, earnings-per-share plunged 52%, from $0.64 to $0.31, although they exceeded the analysts’ consensus by $0.13.

Occidental grew its reserves from 4.0 to 4.6 billion in 2024 due to the acquisition of CrownRock however its reserves remained primarily flat in 2025. As a result of its excessive debt, Occidental is delicate to grease and gasoline costs.

Occidental has significantly elevated its manufacturing within the Permian Basin in recent times. The reserve alternative ratio of 230% in 2024 (natural ratio of 112%), which boosted reserves from 4.0 to 4.6 billion barrels, bodes nicely for future progress of output.

Click on right here to obtain our most up-to-date Positive Evaluation report on OXY (preview of web page 1 of three proven under):

Huge Oil Inventory: Devon Power (DVN)

Devon Power Company is an unbiased vitality firm engaged within the exploration, growth, manufacturing, and advertising of oil, pure gasoline, and pure gasoline liquids primarily in america.

The corporate operates throughout main shale formations, together with the Delaware Basin, Eagle Ford, and different onshore basins, emphasizing low-cost, high-return useful resource growth.

On November 5, 2025, Devon Power launched its third-quarter 2025 outcomes for the quarter ended September 30, 2025. The corporate reported adjusted earnings per diluted share of $1.04, topping consensus estimates and reflecting a beat on each earnings and income expectations for the interval.

Complete income for the quarter got here in at roughly $4.33 billion, representing year-over-year progress and exceeding analyst forecasts, pushed by strong manufacturing volumes and favorable realized commodity costs.

Web earnings on a GAAP foundation was reported at roughly $687 million, according to operational energy however barely decrease than the prior 12 months’s comparable earnings, underscoring the affect of commodity worth volatility.

Operationally, Devon posted strong manufacturing outcomes, with volumes at or above steering ranges, contributing to sturdy working money circulation of round $1.7 billion and free money circulation of roughly $820 million.

Administration emphasised continued give attention to capital effectivity, price administration, and disciplined funding, which helped maintain margins and money era regardless of difficult market situations.

The corporate returned important capital to shareholders by dividends and share repurchases throughout the quarter and in addition diminished web debt.

Click on right here to obtain our most up-to-date Positive Evaluation report on DVN (preview of web page 1 of three proven under):

Huge Oil Inventory: Diamondback Power (FANG)

Diamondback Power (FANG) develops and explores onshore oil and pure gasoline reserves within the Permian Basin. The income of the corporate are extraordinarily delicate to the costs of oil and gasoline.

In late February, Diamondback Power reported (2/23/26) monetary outcomes for the fourth quarter of fiscal 2025. The common realized costs of oil and gasoline decreased considerably over the earlier quarter.

Because of this, earnings-per-share decreased -44%, from $3.08 to $1.74, and missed the analysts’ consensus by $0.26.

Administration supplied steering for common manufacturing of 926,000-962,000 barrels per day in 2026, implying 2.5% progress on the mid-point.

Diamondback Power grew its proved reserves 2% in 2025, on prime of 63% progress in 2024, 7% progress in 2023 and 14% progress in 2022. This actually bodes nicely for future manufacturing progress.

Over the previous a number of years, Diamondback Power has posted sturdy earnings-per-share in periods of excessive oil costs. Diamondback’s breakeven level is round $33 per barrel.

The low dividend payout ratio of 38% is probably going to offer a large margin of security for the dividend for the foreseeable future.

Click on right here to obtain our most up-to-date Positive Evaluation report on FANG (preview of web page 1 of three proven under):

Huge Oil Inventory: Exxon Mobil (XOM)

Exxon Mobil is a diversified vitality large with a market capitalization of $643 billion.

In 2025, the upstream section generated 74% of the entire earnings of Exxon whereas the downstream and chemical segments generated 23% and three% of the entire earnings, respectively.

In late January, Exxon reported (1/30/26) monetary outcomes for the fourth quarter of fiscal 2025. Manufacturing grew 5% sequentially due to the start-up of many tasks however the worth of oil decreased considerably.

Because of this, earnings-per-share decreased -9% sequentially, from $1.88 to $1.71. The value of oil has remained under $70 within the final six months, as OPEC has begun to unwind its manufacturing cuts and international financial system has decelerated.

Consequently, annual earnings-per-share declined -10%. Exxon repurchased $69 billion of shares in 2022-2025 and intends to repurchase $20 billion of shares this 12 months.

Exxon is anticipating significant manufacturing progress till 2027 and a a lot decrease breakeven level due to the addition of exceptionally low-cost barrels.

The current acquisition of Pioneer might be a serious progress driver of Exxon, which now expects to succeed in manufacturing of about 2.0 million barrels per day within the Permian Basin by 2027.

Guyana, one of the crucial thrilling progress tasks within the vitality sector, is the opposite main progress mission of Exxon. Exxon has greater than tripled its estimated reserves within the space, from 3.2 billion barrels in early 2018 to about 11.0 billion barrels now.

Click on right here to obtain our most up-to-date Positive Evaluation report on XOM (preview of web page 1 of three proven under):

Huge Oil Inventory: Matador Sources (MTDR)

Matador Sources (MTDR) is an unbiased oil and gasoline firm that develops, explores, and produces oil and pure gasoline, with an emphasis on shale oil and gasoline.

It’s centered totally on the oil and liquids-rich portion of the Wolfcamp and Bone Spring performs within the Delaware Basin in Southeast New Mexico and West Texas.

Matador additionally operates within the Haynesville shale and Cotton Valley performs in Northwest Louisiana. The corporate produces oil and gasoline at an approximate ratio of 57/43.

Matador is an oil and gasoline producer with ~203,000 web acres of land and manufacturing of ~211,000 barrels per day. It’s extremely delicate to the dramatic cycles of the costs of oil and pure gasoline.

On February twenty fourth, 2026, Matador reported outcomes for the fourth quarter of 2025. It grew its output 1% sequentially, to a brand new all-time excessive of 211,290 barrels per day, exceeding its steering by 2%.

Nevertheless, the value of oil decreased on account of fast-rising international inventories, as OPEC is restoring its output aggressively. Because of this, earnings-per-share fell -36%, from $1.36 to $0.87, although they exceeded analysts’ estimates by $0.11.

Matador has overwhelmed the analysts’ estimates for 20 consecutive quarters. That is actually a powerful streak, which confirms the sustained enterprise momentum of the corporate.

Matador supplied first rate steering for 2026, anticipating 3% progress of manufacturing.

Click on right here to obtain our most up-to-date Positive Evaluation report on MTDR (preview of web page 1 of three proven under):

Huge Oil Inventory: Coterra Power (CTRA)

Coterra Power (CTRA) is an oil and gasoline firm that develops, explores, and produces oil, pure gasoline, and pure gasoline liquids (NGLs).

The enterprise primarily operates within the Permian Basin, the Marcellus Shale space and the Anadarko Basin. The enterprise makes most of its cash from pure gasoline (61% of 2025 output) and to a lesser extent from oil and NGLs (21% and 18% of 2025 output, respectively).

The proved reserves of the corporate are roughly 75% pure gasoline, 11% oil and 14% NGLs.

On October 1st, 2021, Coterra Power was shaped by the mix of Cabot Oil & Fuel (used to commerce as COG) and Cimarex Power (used to commerce as XEC).

With the brand new mixed firm, administration believes to have constructed a diversified firm with a powerful free money circulation profile, and expects to reinforce shareholder worth by returning free money circulation to shareholders by dividends and share buybacks. The corporate additionally reaped $100 million of G&A synergies from the merger.

On January twenty ninth, 2026, a report of Monetary Instances acknowledged that Coterra Power is in superior talks to merge with Devon Power (DVN) in an all-stock deal.

If such a deal materializes, it will likely be the biggest shale oil deal in practically two years, with a mixed enterprise worth of ~$57 billion. Each firms have sturdy presence within the Permian Basin and thus they’re more likely to reap nice synergies in the event that they merge.

In late February, Coterra Power reported (2/26/26) outcomes for the fourth quarter of 2025. It grew its output however the worth of oil decreased sequentially.

Because of this, earnings-per-share dipped -5%, from $0.41 to $0.39, lacking the analysts’ estimates by $0.08. Administration reiterated its steering for 4% common annual manufacturing progress in 2026-2027.

After having declined -17% in 2022, -3% in 2023 and -2% in 2024, proved reserves grew 13% in 2025. That is actually a optimistic sign for future manufacturing progress.

Click on right here to obtain our most up-to-date Positive Evaluation report on CTRA (preview of web page 1 of three proven under):

Huge Oil Inventory: ConocoPhillips (COP)

ConocoPhillips is the world’s largest unbiased oil and gasoline producer, with a manufacturing of practically 2.4 million barrels per day, operations in 13 nations and a market capitalization of $144 billion.

On February fifth, 2026, ConocoPhillips reported outcomes for This fall-2025. It grew its output 6% due to the acquisition of Marathon Oil however its common realized oil worth fell -19%. Earnings-per-share fell -48%, from $1.98 to $1.02.

The corporate supplied lackluster steering for 2026, anticipating primarily flat manufacturing of two.33-2.36 million barrels per day. It additionally posted a weak reserve alternative ratio of 80% in 2025.

It has centered on excessive grading its asset portfolio with the addition of low-cost barrels in an effort to obtain optimistic free money flows even at oil costs under $40.

As well as, its 3-year common reserve alternative ratio of 145% bodes nicely for future manufacturing progress.

The large acquisitions of low-cost reserves within the Permian have proved extremely worthwhile. We additionally count on a lower in curiosity expense to proceed to help earnings progress.

Click on right here to obtain our most up-to-date Positive Evaluation report on COP (preview of web page 1 of three proven under):

Huge Oil Inventory: EOG Sources (EOG)

EOG Sources (NYSE: EOG) is a crude oil and pure gasoline firm headquartered in Houston, Texas. It’s principally engaged within the exploration, growth, and manufacturing of crude oil and pure gasoline with reserves in america, Canada, Trinidad, and China.

EOG has three working segments break up by geographical areas: Crude oil, Pure Fuel, and Pure Fuel Liquids (NGL). The Crude Oil section is the biggest, accounting for 79% of income.

On February twenty fifth, 2026, EOG reported fourth quarter and full 12 months 2025 outcomes, delivering one other sturdy 12 months. For the fourth quarter, income got here in at $6.2 billion, whereas web earnings totaled $1.6 billion, or $2.95 per share. Adjusted web earnings was $1.7 billion, or $3.05 per share.

For the total 12 months, EOG generated income of $24.1 billion and web earnings of $6.8 billion, or $11.70 per share. Adjusted working money circulation for the 12 months totaled $12.4 billion, whereas capital expenditures had been $6.8 billion, leading to free money circulation of roughly $5.6 billion.

Manufacturing for the 12 months averaged 1,315 MBOE/D, exceeding the midpoint of steering, pushed by sturdy nicely productiveness within the Delaware Basin, Eagle Ford, and Utica following the Encino acquisition.

Throughout 2025, the corporate returned $3.9 billion to shareholders by common dividends and share repurchases.

The stability sheet stays sturdy, with longterm debt of roughly $4.6 billion and a web debt-to-capitalization ratio close to 12%.

Click on right here to obtain our most up-to-date Positive Evaluation report on EOG (preview of web page 1 of three proven under):

Huge Oil Inventory: Chevron Company (CVX)

Chevron is the fourth-largest oil main on the planet based mostly on its market cap of $378 billion, behind solely Saudi Aramco, Shell (SHEL) and ExxonMobil (XOM).

In 2021, 2022, 2023, 2024 and 2025, Chevron generated 84%, 79%, 74%, 92% and 81% of its earnings from its upstream section, respectively.

Its shut business friends produce crude oil and pure gasoline at roughly equal ratios, however Chevron is extra leveraged to the oil worth, with a 72/28 manufacturing ratio.

Furthermore, as Chevron costs some pure gasoline volumes based mostly on the oil worth, practically 75% of its output is priced based mostly on the oil worth. Because of this, Chevron is extra leveraged to the oil worth than the opposite oil majors.

In late January, Chevron reported (1/30/26) monetary outcomes for the fourth quarter of 2025. Manufacturing surged 21% over the prior 12 months’s quarter, to a brand new all-time excessive, primarily due to the acquisition of Hess.

Nevertheless, the corporate was damage by decrease oil costs. Because of this, earnings-per-share decreased -26%, from $2.06 to $1.52.

Chevron  grew 4% in 2023 and seven% in 2024 due to sustained progress within the Permian Basin and the acquisition of PDC Power. It additionally grew 12% in 2025 due to the acquisition of Hess.

Chevron has greater than doubled the worth of its property within the Permian within the final seven years due to new discoveries and technological advances.

Chevron is a member of the unique Dividend Aristocrats listing due to its 39 consecutive years of dividend will increase.

Click on right here to obtain our most up-to-date Positive Evaluation report on Chevron Company (CVX)  (preview of web page 1 of three proven under):

Ultimate Ideas

The vitality sector has many high quality dividend shares, a choose few of which have maintained lengthy histories of accelerating their dividends.

With that mentioned, it’s not the solely place the place nice investments might be discovered.

For traders that have already got a full dose of vitality publicity however are nonetheless searching for high-quality funding alternatives, the next Positive Dividend databases might be helpful:

• The Dividend Aristocrats Record: dividend shares within the S&P 500 with 25+ years of consecutive dividend will increase.
• The Dividend Kings Record: containing the ‘best-of-the-best’ in the case of dividend progress, the Dividend Kings Record consists of dividend shares with 50+ years of consecutive dividend will increase.
• The Blue Chip Shares Record: dividend shares with 10+ years of dividend will increase that symbolize high quality long-term investments.