Energy Business

JPMorgan Says Oil Could Go to $125 in 2022: Buy These 4 Energy Dividend Giants Now

TotalEnergies

This French integrated giant is another great way to play an energy rally from the European side. TotalEnergies S.E. (NYSE: TTE) operates as an integrated oil and gas company worldwide. Its Exploration & Production segment is involved in oil and natural gas exploration and production activities in approximately 50 countries.

The company’s Integrated Gas, Renewables & Power segment engages in the LNG production, shipping, trading and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

The Refining & Chemicals segment is involved in refining petrochemicals, including olefins and aromatics; and polymer derivatives, such as polyethylene, polypropylene, polystyrene and hydrocarbon resins, as well as biomass conversion and elastomer processing. This segment also engages in trading and shipping crude oil and petroleum products.

The Marketing & Services segment produces and sells lubricants; supplies and markets petroleum products, including bulk fuel, aviation and marine fuel, special fluids, compressed natural gas, LPG and bitumen; and provides fuel payment solutions. It operates approximately 15,500 service stations.

Investors receive a 5.54% dividend. Piper Sandler has set a $66 price target. The consensus target for TotalEnergies stock is $61.38. The shares closed trading on Monday at $46.50 apiece.


All four of these mega-cap integrated leaders pay very solid dividends and have some serious upside to their various price targets. Plus, they all dominate in their geographical locations and perhaps offer more safety for investors with less risk tolerance. Most importantly, the massive selling last Friday provides an incredible entry point for investors looking for energy exposure and income.

One caveat for investors considering the two European ideas is that many foreign governments automatically withhold taxes on dividends paid by companies incorporated within their borders. This means that a certain percentage of your dividend may be withheld by your broker.

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