5 Oil Stocks with Highest Dividends

3. MPLX LP (NYSE:MPLX

Dividend Yield as of March 18: 7.38%

MPLX LP (NYSE:MPLX) owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics, and Natural Gas and NGL Services.

MPLX LP (NYSE:MPLX) received a lift on March 16 when UBS bumped its price target on the stock from $64 to $73, while keeping a ‘Buy’ rating on the shares. The revised target reflects an upside potential of almost 27% from the current share price.

MPLX LP (NYSE:MPLX) reported strong results for its Q4 2025 last month, topping estimates in both earnings and revenue. The company’s net income for the full-year 2025 surged by over 13% YoY to $4.95 billion, while its adjusted EBITDA attributable to MPLX also grew by almost 4% YoY to $7 billion.

MPLX LP (NYSE:MPLX) announced a capital plan of $2.4 billion for FY 2026, with 90% of it allocated to natural gas and NGL services. The company expects growth in 2026 to exceed that of 2025, driven by increased throughput on existing and new assets coming online.

MPLX LP (NYSE:MPLX) was also recently included in our list of the 13 Best Oil and Gas Storage Stocks to Buy According to Hedge Funds.