12 Best Oil and Gas Dividend Stocks According to Billionaires

3. Canadian Natural Resources Limited (NYSE:CNQ)

Number of Billionaire Holders: 14

Dividend Yield as of March 28: 5.29%

Canadian Natural Resources Limited (NYSE:CNQ) is a senior crude oil and natural gas production company with 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) reported strong results for 2024, achieving a record annual average production of over 1.36 million boed, including a record annual liquids production of over one million barrels per day. The company generated an adjusted funds flow of $14.9 billion during the year and returned approximately $7.1 billion to shareholders in the form of dividends and share repurchases. CNQ increased its quarterly dividend twice in 2024, and subsequent to year-end, the company’s board approved a 4% increase to $2.35 per common share annualized. 2025 is the 25th consecutive year of dividend increases by Canadian oil and gas giant, with a CAGR of 21% during the period. CNQ is one of the best dividend stocks to monitor.

Canadian Natural Resources Limited (NYSE:CNQ) has recently expanded its footprint through a series of strategic acquisitions, capitalizing on opportunities to enhance its future cash flow. Through a recently announced asset-swap deal with Shell and the $6.5 billion acquisition of Chevron’s Alberta assets at the end of 2024, CNQ is set to become the sole owner of the Albian Mines in northeastern Alberta’s oilsands, adding a total of more than 93,000 barrels a day of production to its portfolio.