Dividends → Oil & Gas Production

Dividends represent one part of the company’s profits from the previous period. The company distributes them between its owner-shareholders. Businesses may pay out dividends, but they are not obliged to. The method that is used to calculate the dividend is described in the company's dividend policy or articles of association. The clearer and more transparent the calculation principle, the more investors love the company. Many factors affect whether dividends are paid out. The main ones are the need for financing by major shareholders and tax optimization. So, if the state in the person of a fund or state-supported organization is one of the shareholders, the payment of regular dividends is practically guaranteed. The same is true, but to a lesser extent, in the case of a serious debt burden that is incurred by one of the business owners.

Average yield of the industry: 8.15 %

Calculated as the simple average of company dividend yields in this group.
Ticker Company name Close Price Capitalization Dividend Yield P/E ratio
Sandridge Mississippian Trust II SDR Sandridge Mississippian Trust II 0.61 USD 31 M 27.36 % 3.20
CHKR Chesapeake Granite Wash Trust 0.55 USD 26 M 23.36 % 2.64
Sandridge Mississippian Trust I SDT Sandridge Mississippian Trust I 0.45 USD 13 M 23.11 % 2.60
PVL Permianville Royalty Trust 2.35 USD 80 M 22.47 % 6.52
SandRidge Permian Trust PER SandRidge Permian Trust 1.61 USD 88 M 22.11 % 3.92
ROYT Pacific Coast Oil Trust 1.35 USD 54 M 21.16 % 4.13
Vermilion Energy, Inc. VET Vermilion Energy, Inc. 14.99 USD 2.3 B 18.41 % 8.65
VOC Energy Trust VOC VOC Energy Trust 5.08 USD 87 M 16.14 % 7.01
BPT BP Prudhoe Bay Royalty Trust 8.96 USD 190 M 14.95 % 2.17
NRT North European Oil Royalty Trust 5.91 USD 54 M 14.89 % 7.35
ECA Marcellus Trust I ECT ECA Marcellus Trust I 1.13 USD 20 M 13.10 % 3.87
PBT Permian Basin Royalty Trust 4.20 USD 200 M 11.43 % 8.52
PermRock Royalty Trust PRT PermRock Royalty Trust 7.49 USD 89 M 11.21 % 7.21
Black Stone Minerals LP BSM Black Stone Minerals LP 13.29 USD 2.7 B 11.14 % 8.84
Occidental Petroleum Corp. OXY Occidental Petroleum Corp. 40.51 USD 37 B 7.80 % 8.00
SBR Sabine Royalty Trust 39.97 USD 580 M 7.17 % 11.59
CRT Cross Timbers Royalty Trust 8.20 USD 48 M 7.16 % 6.87
Canadian Natural Resources Ltd. CNQ Canadian Natural Resources Ltd. 25.47 USD 30 B 5.89 % 8.44
Murphy Oil Corp. MUR Murphy Oil Corp. 19.96 USD 3.2 B 5.01 % 10.40
Apache Corp. APA Apache Corp. 21.94 USD 8.1 B 4.56 % -11.73
Kosmos Energy Ltd. KOS Kosmos Energy Ltd. 5.59 USD 2.2 B 3.23 % 142.60
ConocoPhillips COP ConocoPhillips 56.13 USD 63 B 2.99 % 9.00
Cenovus Energy, Inc. CVE Cenovus Energy, Inc. 8.45 USD 11 B 2.96 % 50.09
QEP QEP Resources, Inc. 2.90 USD 770 M 2.76 % -0.99
Noble Energy, Inc. NBL Noble Energy, Inc. 20.44 USD 9.8 B 2.35 % -10.61
Range Resources Corp. RRC Range Resources Corp. 3.47 USD 900 M 2.31 % -0.53
Cabot Oil & Gas Corp. COG Cabot Oil & Gas Corp. 17.59 USD 7.3 B 2.05 % 8.94
Enerplus Corp. ERF Enerplus Corp. 6.56 USD 1.5 B 1.83 % 4.72
Cimarex Energy Co. XEC Cimarex Energy Co. 44.66 USD 4.6 B 1.79 % 7.20
Encana Corp. ECA Encana Corp. 4.27 USD 6 B 1.76 % 3.67
Devon Energy Corp. DVN Devon Energy Corp. 20.95 USD 8.6 B 1.72 % 2.57
Marathon Oil Corp. MRO Marathon Oil Corp. 11.78 USD 9.4 B 1.70 % 9.98
EOG Resources, Inc. EOG EOG Resources, Inc. 68.19 USD 40 B 1.69 % 11.04
Hess Corp. HES Hess Corp. 67.19 USD 20 B 1.49 % -419.94
Pioneer Natural Resources Co. PXD Pioneer Natural Resources Co. 129.89 USD 22 B 1.35 % 24.38
SM Energy Co. SM SM Energy Co. 7.78 USD 930 M 1.29 % 18.67
EQT Corp. EQT EQT Corp. 9.49 USD 2.5 B 1.26 % -6.74
PHX Panhandle Oil & Gas, Inc. 13.68 USD 240 M 1.17 % 14.47
Crescent Point Energy Corp. CPG Crescent Point Energy Corp. 3.79 USD 2.1 B 1.06 % -1.28
Concho Resources, Inc. CXO Concho Resources, Inc. 65.82 USD 13 B 0.76 % 25.98
CRC California Resources Corp. 8.10 USD 430 M 1.13
Denbury Resources, Inc. DNR Denbury Resources, Inc. 1.08 USD 530 M 1.31
WTI W&T Offshore, Inc. 4.10 USD 590 M 3.44
CRK Comstock Resources, Inc. 6.67 USD 1.2 B 8.55
Chesapeake Energy Corp. CHK Chesapeake Energy Corp. 1.34 USD 2.3 B 2.17

Average yield of the industry: 5.93 %

Calculated as the simple average of company dividend yields in this group.
Ticker Company name Close Price Capitalization Dividend Yield P/E ratio
DMLP Dorchester Minerals LP 17.92 USD 620 M 11.50 % 11.35
VNOM Viper Energy Partners LP 26.96 USD 3.6 B 6.97 % 39.05
TGA TransGlobe Energy Corp. 1.29 USD 94 M 5.43 % 4.78
BRY Berry Petroleum Corp. 9.88 USD 800 M 4.86 % 11.47
FANG Diamondback Energy, Inc. 83.64 USD 14 B 0.90 % 13.38
MCEP Mid-Con Energy Partners LP 0.40 USD 12 M -2.69

Average yield of the industry:

Calculated as the simple average of company dividend yields in this group.
Ticker Company name Close Price Capitalization Dividend Yield P/E ratio

Average yield of the industry: 90.69 %

Calculated as the simple average of company dividend yields in this group.
Ticker Company name Close Price Capitalization Dividend Yield P/E ratio
SNMP Sanchez Midstream Partners LP 0.35 USD 6.8 M 173.91 % -0.28
EPM Evolution Petroleum Corp. 5.36 USD 180 M 7.46 % 11.55