The energy industry is highly dependent on commodity prices, making its profits and cash flows sensitive to the economic cycle. However, as oil rebounded from its multi-year lows, certain energy companies are in position to earn profits. Consequently, dividend payment expectations have risen along with these companies’ profitability. I’ve identify the following energy stocks paying high income, which may increase the value of your portfolio.

Exxon Mobil Corporation (NYSE:XOM)

XOM has a good-sized dividend yield of 3.82% and their payout ratio stands at 98.90% . XOM’s dividends have increased in the last 10 years, with DPS increasing from $1.4 to $3.08. Much to the delight of shareholders, the company has not missed a payment during this time. The company also looks promising for it’s future growth, with analysts expecting an earnings per share increase of 56.78% over the next three years.

Chevron Corporation (NYSE:CVX)

CVX has a sizeable dividend yield of 3.77% and their payout ratio stands at 124.96% . The company’s dividends per share have risen from $2.32 to $4.32 over the last 10 years. The company has been a dependable payer too, not missing a payment in this 10 year period. The company’s future earnings growth looks promising, with analysts expecting earnings growth over the next three years to reach 68.49%.

Schlumberger Limited (NYSE:SLB)

SLB has a nice dividend yield of 3.24% with a large payout ratio . SLB’s dividends have increased in the last 10 years, with DPS increasing from $0.7 to $2. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. Analysts are expecting an impressive triple digit earnings growth over the next three years.

For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.