ConocoPhillips anticipates adding $6 billion to its annual free cash flow by 2029. Oneok foresees rising dividend fueled by merger synergies and organic projects. NextEra Energy eyes 8%+ compound annual earnings growth over the next decade. The energy sector had a quiet year with a 4% year-to-date increase in average energy stocks in the S&P 500 compared to an 18% rise in the broader market index. Despite recent underperformance, energy stocks remain important for the economy’s growth.

ConocoPhillips, a leading oil and gas producer, expects to steadily decrease its breakeven level over the next few years and complete major projects to add $6 billion in annual free cash flow by 2029. Oneok, a major energy midstream company, has made strategic expansions and acquisitions to capture cost savings and synergies, aiming to increase its dividend by 3% to 4% annually. NextEra Energy, a utility and infrastructure company, is investing heavily to support growing power demand, expecting over 8% compound annual earnings growth and a 10% dividend increase next year.

ConocoPhillips, Oneok, and NextEra Energy are poised for growth with visible prospects. These energy stocks are expected to increase their high-yielding dividends, potentially leading to strong total returns. Before investing in ConocoPhillips, consider other top stock picks recommended by The Motley Fool for potential high returns. The Motley Fool’s Stock Advisor team has a strong track record of outperforming the market with their top stock picks, offering investors the opportunity for significant returns.

Read more at Yahoo Finance: Here Are My Top 3 Energy Stocks to Buy Now