Investing

Goldman Sachs Still Sees $140 Oil: 8 Dividend Energy Giants On Sale Now

The company also generates electricity through wind and solar resources, produces and sells hydrogen, and provides electric vehicle charging services, as well as electricity storage.

Shell stock comes with a 3.48% dividend. The target price at BofA Securities is $70. The consensus target is $69.76, and the final trade Wednesday was reported at $48.01.

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 engages in oil and natural gas exploration and production activities in approximately 50 countries.

The 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 refines 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 5.42% dividend. TotalEnergies stock has an $80 price target at BofA Securities. The consensus target is $64.24. The shares closed over 4% lower on Wednesday at $49.06.

Valero Energy

This Wall Street favorite is a solid energy play for conservative investors looking for safer ideas. Valero Energy Corp. (NYSE: VLO) is one of the largest independent petroleum refining and marketing companies in the United States. It is based in San Antonio, Texas; owns 13 refineries in the United States, Canada and Europe; and has a total throughput capacity of around 2.5 million barrels per day.

The company also is a joint venture partner in Diamond Green Diesel, which operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant.

Valero sells its products in the wholesale rack or bulk markets in the United States, Canada, the United Kingdom, Ireland and Latin America. Approximately 7,400 outlets carry Valero’s brand names.

Investors receive a 3.63% dividend. The Wells Fargo analysts have a $166 price target, well above the $137.82 consensus target for Valero Energy stock. Shares were last seen on Thursday trading at $101.71 apiece.


These eight energy sector giants can continue to profit from elevated energy prices but offer investors who are more conservative a way to play the sector. With everything from the world’s largest integrated energy giants to one of the biggest refining companies, these are eight ways to generate income and participate in the biggest rally in the energy and oil space since 2011, which Goldman Sachs expects to continue.

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