12 Best Oil and Gas Dividend Stocks to Buy Now

8. Chevron Corporation (NYSE:CVX)

Dividend Yield as of July 15: 4.53%

One of the largest oil and gas producers in the world, Chevron Corporation (NYSE:CVX)’s consistently strong financial performance has allowed it to increase its dividend payout for 38 consecutive years. The company has returned over $78 billion to its shareholders over the past three years alone, making it a Top Oil and Gas Dividend Stock to Invest in.

Chevron Corporation (NYSE:CVX) boasts one of the strongest balance sheets in the industry, with a debt-to-equity ratio of roughly 0.2 at the end of the first quarter of 2025. This allows the energy giant to take on debt during the down cycles of the industry, so it can continue to support its business and sustain payouts.

However, the recent slump in crude oil prices is beginning to take its toll, with the company revealing that its share repurchases this year could be between $11.5 billion and $13 billion, which would be at the lower end of its guidance of $10 billion to $20 billion.

Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel oil additives.