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

Shell trades in and refines crude oil and other feed stocks, such as low-carbon fuels, lubricants, bitumen, sulfur, gasoline, diesel, heating oil, aviation fuel, and marine fuel; produces and sells petrochemicals for industrial use; and manages oil sands activities. Further, the company produces base chemicals comprising ethylene, propylene, and aromatics, as well as intermediate chemicals such as styrene monomer, propylene oxide, solvents, detergent alcohols, ethylene oxide, and ethylene glycol. Additionally, it generates electricity through wind and solar resources; produces and sells hydrogen; and provides electric-vehicle charging services, as well as electricity storage.

Shareholders are paid a rich 3.58% dividend. BofA Securities has a Buy rating on the shares to go with a $70 target price. The consensus target across Wall Street is $67.45. The final trade Tuesday was reported at $56.82, up just shy of 4%.


This French integrated giant is another great way to play the energy rally from the European side. TotalEnergies SE (NYSE: TTE) operates as an integrated oil and gas company worldwide. The company operates through four segments: exploration and production; integrated gas, renewables and power; refining and chemicals; and marketing and services.

The company’s exploration and production segment is involved in oil and natural gas exploration and production activities in approximately 50 countries. Its integrated gas, renewables and power segment engages in the liquefied natural gas (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.

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