10 Energy Stocks with Fat Dividends

4. Canadian Natural Resources Limited (NYSE:CNQ)

Dividend Yield as of April 18: 5.69%

Canadian Natural Resources Limited (NYSE:CNQ) is one of the largest independent crude oil and natural gas producers in the world, continuing operations in its core areas located in Western Canada, the UK portion of the North Sea, and Offshore Africa.

Canadian Natural Resources Limited (NYSE:CNQ) missed forecasts in Q4 2024 as its EPS of $0.66 fell below market expectations by $0.03. That said, the company achieved a record quarterly average production of 1.47 million boe/d during the quarter, consisting of record liquids production of 1.09 million bbl/d and record natural gas production of 2,283 MMcf/d. CNQ also closed the acquisition of Chevron’s Alberta assets in December 2024, which are expected to contribute significantly to its cash flow in the future. The company also generated almost $4.5 billion in free cash flow in FY 2024 and maintains a policy to allocate at least 60% of it to shareholders.

Canadian Natural Resources Limited (NYSE:CNQ) increased its dividend for 25 consecutive years with a CAGR of 21% over the period. The oil and gas company returned approximately $7.1 billion to shareholders in 2024, including dividends and share repurchases, and approved a 4.4% increase in its quarterly dividend in March.