11 Best Energy Stocks to Buy for Dividends in 2026

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8. Shell plc (NYSE:SHEL)

Number of Hedge Fund Holders: 48

Dividend Yield as of Jan. 19: 3.86%

Shell plc (NYSE:SHEL) is an integrated energy company with operations spanning exploration, production, refining, marketing, and chemical manufacturing, alongside growing investments in biofuels and hydrogen.

Shell plc (NYSE:SHEL) announced on January 8 that it expects upstream production to come in at about 1.84 mboed to 1.94 mboed in Q4 2025, reflecting the incorporation of the Adura joint venture in the UK. This is up from 1.83 mboed in the previous quarter. Meanwhile, integrated gas production is projected to be within previous guidance at 930,000 boed to 970,000 boed, remaining broadly flat with the third quarter. The energy giant is also forecasting refining margins to rise to an indicative $14 per barrel, up from $12 per barrel in Q3.

That said, Shell plc (NYSE:SHEL) expects its Chemicals and Products segment to be the weakest performer, with its earnings projected to be below break-even for the fourth quarter. This is due in part to ‘significantly lower’ oil trading results as crude prices dropped. Moreover, the segment is dropping due to falling chemical margins, which are expected to fall to $140 per ton from $160 per ton in Q3.

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