15 Best High Yield Energy Stocks to Buy Right Now

12. Equinor ASA (NYSE:EQNR)

Dividend Yield as of March 31: 3.55%

Equinor ASA (NYSE:EQNR) is an international energy company headquartered in Norway, with over 25,000 employees in around 20 countries worldwide.

Equinor ASA (NYSE:EQNR) announced on March 24 that it had started development drilling at the Raia natural gas project in the Campos basin offshore Brazil. The project is operated by Equinor with a 35% stake, in partnership with Repsol Sinopec Brasil and Petrobras. Raia is on track to start production in 2028. Once operational, it is expected to produce 126,000 barrels of oil and condensate and 16 million cubic meters of gas per day, representing around 15% of Brazil’s total natural gas demand.

Raia is Equinor ASA (NYSE:EQNR)’s largest international investment to date, totaling around $9 billion. The development’s floating production, storage, and offloading unit (FPSO) is expected to be among the most carbon‑efficient globally. Moreover, the project is estimated to generate up to 50,000 direct and indirect jobs over its 30-year life cycle.

Geir Tungesvik, executive VP, Projects, Drilling, and Procurement, at Equinor ASA (NYSE:EQNR), stated:

“Raia is Equinor’s largest project under execution and marks the deepest water depth operation in our portfolio. Together with our partners and suppliers, we are applying world-class technology and decades of offshore expertise. While drilling takes place, integration and commissioning activities on the FPSO are progressing well putting us on track towards a safe start of operations in 2028.”