5 Best High Yield Energy Stocks to Buy Right Now

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

Dividend Yield as of March 31: 5.71%

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the largest oil and gas producers in the world. The Brazilian company is mainly dedicated to exploration and production, refining, energy generation, and marketing.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) revealed on March 26 that it had made a new discovery ⁠of ‘high-quality’ oil ​in the ​pre-salt area of the Marlim Sul field in Brazil’s Campos basin. The discovery was made at the exploratory well 3-BRSA-1397-RJS in a water depth of 1,178 meters, encountering oil-bearing intervals confirmed through wireline logs, gas shows, and fluid sampling. The samples will now be sent for laboratory analysis to characterise the reservoirs and fluids encountered. The Brazilian energy giant owns a 100% stake in the Marlim Sul field.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is making a push to further solidify its position in the prolific Campos basin, which has seen a renewed exploration focus as operators target deeper pre-salt intervals beneath legacy fields. The company announced earlier in March that it would exercise its right to acquire Petronas’ 50% stake in the basin’s Tartaruga Verde field and the Espadarte Module III development. The two fields are currently producing an average of 55,000 bpd and will help bolster Petrobras’ control over a key offshore hub.