12 Best Oil and Gas Dividend Stocks According to Billionaires

7. Valero Energy Corporation (NYSE:VLO) 

Number of Billionaire Holders: 14

Dividend Yield as of March 28: 3.39%

Next on our list of the Best Oil and Gas Dividend Stocks is Valero Energy Corporation (NYSE:VLO), the world’s largest independent petroleum refiner and a leading producer of low-carbon transportation fuels. Founded in 1980, the company has 15 refineries in the US, Canada, and the UK, with a total throughput capacity of approximately 3.2 million barrels per day.

Valero Energy Corporation (NYSE:VLO) topped forecasts in Q4 2024, as its adjusted EPS of $0.64 was significantly above the estimate of $0.06. Its revenue of $30.76 billion also surpassed expectations by $740 million. However, both its earnings and revenue declined significantly YoY, highlighting the ongoing challenges in the refining sector. Refining, Valero’s largest segment, reported only $437 million of operating income compared to $1.6 billion in the fourth quarter of 2023. Still, the company continued to honor its commitment to shareholder returns with a strong payout ratio of 78% for the year 2024.

Valero Energy Corporation (NYSE:VLO) returned $4.3 billion to stockholders last year, and since the start of 2021, the refining giant has delivered over $4 billion of debt reduction and returned approximately $18.7 billion to stockholders through dividends and share buybacks. The company approved a 6% increase in the quarterly cash dividend in January, further demonstrating its strong financial position.