5 Oil Stocks with Highest Dividends

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1. Ecopetrol S.A. (NYSE:EC)

Dividend Yield as of March 18: 11.27%

Topping our list of the Oil Stocks with the Highest Dividends is Ecopetrol S.A. (NYSE:EC). With a workforce of over 18,000, it is among the largest companies in Colombia and one of the leading integrated energy groups on the American continent.

On March 12, HSBC analyst Lilyanna Yang increased the firm’s price target on Ecopetrol S.A. (NYSE:EC) from $10 to $13, while maintaining a ‘Hold’ rating on the shares. The revision comes as HSBC sees upside risks to oil prices amid the Middle East war, which has choked around a fifth of the global crude oil supply. As a result, the analyst firm upped its estimates for the Latin American oil companies, which can benefit strongly from the soaring prices.

Ecopetrol S.A. (NYSE:EC) produced an average of 745,000 barrels per day in Q4 2025, accomplishing its target for FY 2025 and in line with the levels achieved in 2024. However, the company reported an average Brent crude price of $63.1 per barrel during the quarter, down from $74 per barrel in the same period in 2024. The lower crude prices were an important factor in driving Ecopetrol’s revenue down by 17% YoY to COP 28.8 trillion in Q4 2025. So the recent price uptick in global crude markets will provide a much-needed boost to the company in the first quarter of 2026.

While we acknowledge the potential of EC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EC and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 12 Best Large Cap Energy Stocks to Buy Now.

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