Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

The 2 Safest Oil Dividends Right Now

TheMotleyFool

0 0

This year's oil price crash decimated the oil industry. With their cash flows plunging, oil companies cut everything they could to stay afloat, including dividends. The devastation flowed all the way to the top as oil giants BP and Royal Dutch Shell both slashed their once massive payouts to preserve cash.

However, not all oil-fueled dividends went down with prices this year, as several proved their durability. Two of those resilient payers are Devon Energy (NYSE: DVN) and Pioneer Natural Resources (NYSE: PXD). What's noteworthy about them is their future dividend plans, which makes them two of the safest income stocks in the sector.

Image source: Getty Images.

Source Fool.com

Like: 0

DVN

Share