Investing

OPEC Vehemently Rejects Production Increase Headlines: Buy These Mega-Cap Dividend Energy Leaders Now

The company’s oil and gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride. Also vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene.

The midstream and marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity and invests in entities.

Berkshire Hathaway received regulatory approval to buy up to 50% of the stock. The investment giant currently owns 194.4 million shares of Occidental, which is equal to a 20.9% position. Some reports have indicated he will not acquire a controlling stake.

Investors are paid a small 0.73% dividend. Barclays has a Buy rating and a tall $84 price target. That’s versus the lower $76.70 consensus and Thursday’s closing print of $72.77, close to a 5% gain on the day.

Shell

This is another European energy giant that offers investors size and strength. Shell Plc (NYSE: SHEL) operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and the rest of the Americas. The company operates through integrated gas, upstream, marketing, chemicals and products, and renewables and energy solutions segments.

Shell explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market. The company also markets and trades natural gas, liquefied natural gas (LNG), crude oil, electricity, carbon-emission rights; and markets and sells LNG as a fuel for heavy-duty vehicles and marine vessels.

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