Is EOG Resources, Inc. (EOG) the Best Oil and Gas Dividend Stock According to Billionaires?

From Yahoo Finance: 2025-03-31 09:24:00

The US has hit a record high in oil production, with over 13.49 million barrels per day in December 2024. However, falling Brent prices and peak output in the Permian Basin pose risks to the industry. Executives are concerned about tariffs and declining margins, but dividends have reached record levels.

Despite challenges, US oil and gas companies are increasing dividends to shareholders, with over $49 billion distributed in Q3 2024. However, maintaining high payouts will require a shift to natural gas revenue. Warren Buffett’s Berkshire Hathaway has invested in the sector, reflecting confidence in dividend potential and future growth.

EOG Resources, Inc. (NYSE:EOG) is a major player in US oil and gas production, with strong financials and consistent dividends. The company reported solid earnings in Q4 2024 and plans to maintain production growth in 2025. EOG has a history of reliable dividends and shareholder returns, positioning it as a top choice for investors.

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