From Yahoo Finance: 2025-04-22 21:05:00

Occidental Petroleum, with Warren Buffett’s backing, is on many investors’ radar. However, its dividend yield is below industry average, and it cut its dividend in 2020 due to financial strain. Consider Chevron with a 5% yield and 38 years of dividend growth, or Enterprise Products Partners with a 6.9% distribution yield.

Chevron, despite some challenges, has a strong balance sheet and a history of maintaining dividends through tough times. Their debt-to-equity ratio is significantly better than Occidental Petroleum’s. Enterprise Products Partners, although not a Buffett holding, offers a reliable income stream with a 26-year distribution growth streak.

Investors should look beyond Occidental Petroleum for better dividend options like Chevron and Enterprise Products Partners. Buffett’s investment in these companies provides guidance for income seekers in the energy sector. Consider these alternatives for more reliable and higher-yielding dividends.

The Motley Fool Stock Advisor team doesn’t recommend Occidental Petroleum as one of the top 10 stocks to buy now. Historically, their picks have delivered significant returns, outperforming the S&P 500. Join Stock Advisor for access to their latest recommendations and potentially lucrative investment opportunities.

Read more: Time to Rethink Occidental Petroleum; Here Are 2 High-Yield Energy Alternatives