Oil prices surge and stocks slump amid Israel-Iran strikes
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Oil stocks have been longtime favorites for investors seeking income. With lower oil prices causing many oil stocks to decline in recent months, their dividend yields have risen. A user on Reddit recently asked which oil stocks with attractive dividends are the best picks right now.
Halliburton is the third-largest oilfield services company in the world, so any time oil prices go up, it's a recipe for potential further investment by oil companies in exploration, completion, and production enhancement services.
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24/7 Wall St. on MSNBuy These 5 Ultra-High-Yield Dividend Energy Stocks As Mideast War Drums BeatThis post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. When you combine the geopolitical bounce the major oil benchmarks are receiving from the Israeli attack and the counter attack from Iran with global oil demand,
The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following Israel's attack on Iran, drawing criticism from rival OPEC which said the statement would only create fear in the market.
EOG Resources expects to produce a lot of cash over the next few years. ConocoPhillips plans to return a meaningful portion of its rapidly rising free cash flow to shareholders. The company aims to grow its dividend,
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