11 Best Energy Stocks to Buy for Dividends in 2026

9. BP p.l.c. (NYSE:BP)

Number of Hedge Fund Holders: 47

Dividend Yield as of Jan. 19: 5.54%

BP p.l.c. (NYSE:BP) is a British multinational company recognized worldwide for quality gasoline, transport fuels, chemicals, and alternative sources of energy such as wind and biofuels.

BP p.l.c. (NYSE:BP) revealed on January 14 that it expects its net debt to have dropped to $22 billion–$23 billion by the end of 2025, down from $26.1 billion in the third quarter. The much-needed downturn was aided by around $5.3 billion in divestments, excluding the $6 billion from the sale of the company’s majority stake in its Castrol lubricants unit. The London-based company is targeting to cut its debt load to $14 billion–$18 billion by 2027.

BP p.l.c. (NYSE:BP) is looking to optimize its operations and has pledged to slash up to $5 billion in costs and divest $20 billion in assets by 2027. The company also continues its strategic refocus on fossil fuels and expects to book $4 billion to $5 billion in Q4 impairments, mainly tied to its low-carbon energy businesses.

BP p.l.c. (NYSE:BP) boasts an impressive annual dividend yield of 5.54%, putting it among the 12 Best Crude Oil Stocks to Buy for Dividends.