Pioneer production services are supported by 100 well-servicing rigs, more than 100 cased-hole, open-hole and offshore wireline units, and a range of advanced coiled tubing units.
Pioneer is a huge player in the Permian basin and the Eagle Ford in Texas, and the company owns more than 20,000 locations in the world’s second-largest oil reservoir in the Midland Basin. With a stellar balance sheet, the company is poised to remain a top player in the Permian, as it expects to deliver solid production growth going forward.
The dividend yield here is 10.63%, though it varies from quarter to quarter. Barclays has set a $309 target price, while the consensus target for Pioneer Natural Resources stock is $284.97. The closing share price on Monday was $230.37.
TotalEnergies
This French integrated giant is a 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 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.
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.
Holders of TotalEnergies stock receive a 4.66% dividend. The $92 BofA Securities price target compares with a $71.71 consensus target and the most recent close at $59.77.
These are six of the highest-paying energy stocks from all around the world. They offer investors the best of both worlds, with growth potential and dependable dividends. With earnings reporting over, and the potential for a Santa Claus rally to end 2022, it makes sense, at a minimum, to add partial positions now.
Originally published at 24/7 Wall St.
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