11 Best High Yield Energy Stocks to Buy Now

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

Dividend Yield as of November 1: 5.52%

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.

On October 30, BP p.l.c. (NYSE:BP) provided an update following its significant hydrocarbon discovery this summer at the Bumerangue block offshore Brazil. The company revealed that its initial laboratory and pressure gradient analysis has confirmed the presence of an around 1,000 metre gross hydrocarbon column, including a 100 metre gross oil column and a 900 metre gross liquids-rich gas-condensate column. BP also reported that it is continuing laboratory testing and other analysis, with the planning of appraisal activities currently ongoing, while well activities are expected to begin in early 2027, subject to regulatory approval.

Gordon Birrell, BP p.l.c. (NYSE:BP)’s executive vice president for Production & Operations stated:

“2025 has seen significant strategic progress across BP’s Upstream with record plant reliability, six major project start-ups, five more sanctioned and a string of exploration discoveries including Bumerangue. We are still in the exploration phase for Bumerangue, however, initial results and analysis are extremely encouraging as they indicate a very large hydrocarbon column and a significant volume of liquids in the reservoir.”

BP p.l.c. (NYSE:BP) announced earlier this month that it expects its Q3 upstream production, sales volumes, and refining margins to increase compared to the previous quarter. The oil major is expected to release its third-quarter operational and financial results on November 4.

With a hefty annual dividend yield of 5.52%, BP p.l.c. (NYSE:BP) is included among the 11 Best FTSE Dividend Stocks to Buy Right Now.