5 Best Energy Dividend Stocks to Invest In Now

2. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Dividend Yield: 6.99%

Number of Hedge Fund Holders: 41

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the best energy dividend stocks to invest in now.

On June 20, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s board approved a $1.2 billion investment to develop a renewable jet fuel plant. The company is to construct a plant with a capacity to produce up to 15,000 barrels per day of renewable fuels. It is to work on jet fuel known as bioQAV and renewable diesel, but it is unclear whether the renewable diesel is to be supplied as part of marine biofuel.

The $1.2 billion investment is part of Petroleo Brasileiro’s 2026 to 2030 strategic plan, which seeks to increase the supply of lower-carbon fuels in Brazil. Construction on the plant is to start this year and come online in 2030.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is Brazil’s largest integrated energy company. It specializes in the exploration, extraction, refining, and distribution of crude oil and natural gas. The company is heavily focused on deepwater and ultra-deepwater offshore oil fields (particularly the “pre-salt” reserves).

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