4 Energy Stocks With 20+ Years of Consecutive Dividend Growth

Exxon and Chevron springiness you everything

Chevron and Exxon are 2 of the world's largest vigor companies. They are besides highly reliable dividend stocks, with decades worthy of yearly dividend increases down each one. Exxon's streak is simply a spot longer astatine 43 years, but Chevron's 38-year streak is hard to kick about. Right now, Chevron has the higher output astatine 3.7%, portion Exxon inactive offers a well-above-market 2.7% yield.

The large communicative here, however, is the businesses that backmost those yields and dividend streaks. Chevron and Exxon are some integrated vigor companies, which means they supply investors vulnerability to the full vigor worth chain, from the upstream (energy production) to the midstream (pipelines) to the downstream (chemical and refining). Their upstream operations person the biggest interaction connected fiscal results, but the midstream and downstream vulnerability helps to soften the ample show swings that often hap successful the upstream.

Meanwhile, some companies run successful a precise blimpish fiscal manner. That is highlighted by their peer-leading debt-to-equity ratios of 0.2x for Exxon and 0.25x for Chevron. This allows some companies to thin connected their equilibrium sheets during vigor marketplace downturns, enabling them to proceed supporting their businesses and dividends. And that volition let dividend lovers to slumber good astatine nighttime knowing that their dividend checks volition support rolling in.

Enterprise and Enbridge fto you cherry-pick the astir reliable vigor niche

The upstream and the downstream are some volatile, but the midstream tends to beryllium alternatively boring. This is wherever some Enterprise and Enbridge operate, each owning elephantine North American vigor infrastructure systems. They complaint fees for the usage of their assets, truthful the terms of the commodities being moved isn't each that important to their fiscal results.