12 Best Oil and Gas Dividend Stocks According to Billionaires

5. Shell plc (NYSE:SHEL)

Number of Billionaire Holders: 14

Dividend Yield as of March 28: 3.79%

Shell plc (NYSE:SHEL) is a global group of energy and petrochemical companies, employing 103,000 people and with operations in more than 70 countries. The company is also the number one global lubricant supplier, as well as the top player in the rapidly expanding LNG sector.

Shell plc (NYSE:SHEL) had a tough Q4 2024 as it reported a profit of $3.66 billion, the lowest quarterly profit in the last 3 years. As a result, the oil and gas giant’s adjusted EPS of $1.18 fell below expectations by $0.31, and its quarterly revenue of $66.28 billion also missed estimates by over $5.5 billion. Despite the tough business environment, Shell generated an operating cash flow of $54.7 billion and a free cash flow of $39.5 billion for the full year 2024. It distributed $22.6 billion to its shareholders during the year, representing 41% of its total free cash flow. Moreover, the company’s continued focus on simplification helped to deliver over $3 billion in structural cost reductions since 2022, meeting its target ahead of schedule.

In January, Shell plc (NYSE:SHEL) announced a 4% increase in its dividends and another $3.5 billion buyback program, making this the 13th consecutive quarter of at least $3 billion of buybacks. According to analysts at Barclays, Shell may increase its dividend by 10%-20% as early as 2026 while keeping its $14 billion share buyback program intact through this year.