15 Best Natural Gas and Oil Dividend Stocks to Buy Now

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9. Phillips 66 (NYSE:PSX)

No. of Hedge Fund Holders: 47

Dividend Yield as of Sep. 19: 3.72%

Known for its high and consistent shareholder returns, Phillips 66 (NYSE:PSX) has increased its dividend at an 11.7% CAGR since 2013 through the end of 2024. The company remains committed to returning over 50% of its net operating cash flow to shareholders through share repurchases and a secure, competitive, and growing dividend. PSX returned $906 million to shareholders through stock buybacks and dividends in the second quarter of 2025 and announced a quarterly dividend of $1.2 per share in July.

Expansion remains a top priority for Phillips 66 (NYSE:PSX), with the company announcing last month that it has agreed to acquire the remaining 50% ownership interest in WRB Refining from Cenovus Energy. The company expects the $1.4 billion all-cash deal to increase its refining capacity by adding approximately 250,000 barrels per day.

With an annual dividend yield of 3.72% as of the writing of this piece, Phillips 66 (NYSE:PSX) is included among the 13 Best Fortune 500 Dividend Stocks to Invest in.

Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that is engaged in refining, transporting, and marketing fuels.

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