“Grow Your Portfolio with These 5 US Oil & Gas Dividend Stocks for 2023!

As of 2023, the oil and gas industry has been on an upswing due to increased domestic production, as well as higher prices compared to years past. With this increased profiting and return for investors, many have taken the opportunity to buy oil and gas dividend stocks. These dividend stocks ensure investors can make money while waiting for the stocks to appreciate long-term. But which oil and gas stocks currently represent the best dividend yields and highest returns? According to Godzillanewz’s list of the top five US oil and gas dividend stocks in 2023, the companies include the following: 1. Chevron Corporation (NYSE: CVX): Chevron is one of the world’s largest fully integrated oil and gas producers. Chevron’s strong dividend yield-to-price ratio of 4.07% makes it a top pick for dividend investors. Chevron is also relatively low-risk, given its well-established business and dividend history. 2. ConocoPhillips (NYSE: COP): ConocoPhillips is a global exploration and production company with operations in more than 20 countries. With a yield-to-price ratio of 5.31%, ConocoPhillips is favored by investors for its high return potential. In addition, it has a strong balance sheet and is widely expected to grow its dividend yield. 3. Occidental Petroleum Corporation (NYSE: OXY): Occidental Petroleum is a large American energy and chemical company with operations in over 40 countries. This stock offers a dividend yield-to-price ratio of 6.86%, one of the highest on this list. It also has a strong balance sheet and is expected to maintain its dividend yield over the long-term. 4. Anadarko Petroleum Corporation (NYSE: APC): Anadarko Petroleum is a leading independent oil and gas exploration and production company. This stock has a yield-to-price ratio of 4.38%, and is well-positioned to capture upside potential due to its solid financial standing and strong presence in the industry. 5. Devon Energy Corporation (NYSE: DVN): Devon Energy Corporation is an exploration and production company with operations in the United States, Canada, and Australia. This stock is favored by investors for its high dividend yield-to-price ratio of 6.36%. Its well-established business and balance sheet are also solid, contributing to a strong likelihood of growth and future returns. If you are investing for a dividend and want to get in on the action of the US oil and gas industry in 2023, these five stocks are a great place to start. All of them have strong dividend yields-to-price ratios, good financial standing, and the potential for significant returns.

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