For your benefit, we’ve analyzed the 10 biggest Energy firms by market capitalization so you can make an informed investment decision.

Brookfield Renewable

Brookfield Renewables is among the world’s largest producers of Renewable Energy. It owns and operates hydroelectric, solar, wind, and energy transition resources. 

Brookfield can create a consistent flow of income, primarily utilized to pay a high dividend as a result of these contracts. In order to buy, develop, and grow renewable energy businesses, the corporation maintains the balance of the funds.

The firm has a huge backlog of renewable energy development projects. To sustain a 5% to 9% rise in annual dividends and make Brookfield an attractive renewable energy investment, Brookfield anticipates its cash flow per share to increase by up to 20% annually through 2026 when combined with other growth drivers like acquisitions and increased electricity prices. 

Exxon Mobil (Exxon) (XOM)

ExxonMobil is the world’s most prominent non-government-owned energy firm by market capitalization. In 1999, Exxon and Mobil, the two companies that succeeded John D. Rockefeller’s Standard Oil Firm, merged to form the new company. Oil and gas exploration, production, and trading are ExxonMobil’s primary focus in Irving, Texas, where they are headquartered.

To secure long-term energy production, ExxonMobil has been actively investing. As a result, the company’s short-term cash flow and credit rating were impacted, but it is relying on increased oil prices in the future to make these expenditures worthwhile.

Chevron

Chevron is among the world’s largest energy companies. Oil and gas, refining, and chemicals are all part of the company’s worldwide operations. However, when it comes to the volatile energy industry, the company’s large-scale and integrated activities can withstand it.

Chevron pays a rising dividend, buys back shares, and invests in the future using the cash flow produced by its legacy oil and gas businesses. In 2022, Chevron will have grown its dividend for the 35th year in a row, making it a Dividend Aristocrat.

One of Chevron’s long-term goals is to reduce carbon emissions. Carbon capture and storage technology is being developed by the business. Renewable Energy Group (NASDAQ:REGI) has agreed to purchase the company for $3.15 billion in 2022. Chevron’s target of producing 100,000 barrels of renewable fuels per day by 2030 will be accelerated by this transaction.

This strategy aims to provide the fuels needed now while also laying the groundwork for the lower-carbon fuels that will be needed in a few years. As a result of this equilibrium, it’s an excellent option for investors looking for a means to take part in the energy transition away from dirty fossil fuels.

NextEra Energy 

As one of the country’s major electric utility businesses, NextEra Energy is among the top three. Wind and solar electricity are also generated via its energy resources section that offers renewable energy to other utilities and end consumers around the nation.

The company has a steady stream of revenue. It sells and distributes electricity through fixed-price PPAs and government-regulated tariffs. Businesses and homes rely on a constant supply of electricity, thus the business model is quite stable.

Financially, NextEra Energy is a powerhouse in the industry. It has one of the best credit ratings amongst its counterparts in the industry. For a utility, NextEra has a low dividend payout ratio. However, NextEra is an outstanding renewable energy dividend stock because of its steady and rising dividend, which it intends to raise at a 10% annual rate through 2024.

Equinor (EQNR)

There are Equinor offices in more than 30 countries all around the globe. The Norwegian government owns Equinor with a 67 percent ownership. As a renewable energy supplier, the firm decided to delete “oil” from its name in 2018 to highlight its future rather than its historical oil and gas sector. 

On Norway’s continental shelf and in the United Kingdom, Equinor has substantial offshore oil and gas projects and fields in Brazil, the United States, and Nigeria, among other places. The firm also runs several significant European pipelines, but it expects to see the majority of its future development in renewable energy projects like wind and solar.

ConocoPhillips (COP)

A Houston, Texas-based energy corporation, ConocoPhillips (NYSE:COP) specializes in the early stages of hydrocarbon production, including oil and gas production and exploration (E&P). An independent E&P corporation, it is the biggest in the world. 

In addition to discovering new oil and gas sources throughout the globe, this energy company is also researching innovative extraction methods for current assets. Since it can now sell its supply for more, thanks to rising oil demand, the stock’s performance and outlook have improved.

PetroChina Co., Ltd. (PTR)

PetroChina Co., Ltd. (PTR), headquartered in Beijing, is China’s and Asia’s biggest oil and gas producer and distributor. Warren Buffett acquired the company’s first Chinese shares for Berkshire Hathaway because of its enormous reserves, financial strength, and potential in China’s rising economy.

When oil prices and the Chinese economy completely recover from Covid-19, PetroChina’s market value may have greater space for growth than the greatest American and European energy businesses.

Enbridge Inc. (ENB)

Enbridge Inc., situated in Calgary, Alberta, Canada, is a multifaceted energy infrastructure business. Its primary source of income comes from processing, transporting, and storing natural gas, which it does throughout the United States and Canada. In addition, Enbridge has assets in the field of renewable energy production, including wind, solar, and geothermal power plants.

TC Energy 

TC Energy is a big player in the North American natural gas pipeline industry. Currently, it has natural gas pipelines throughout the United States as well as Mexico. While the corporation is one of Canada’s largest oil exporters, it also has a top-notch pipeline infrastructure. It is also one of the major power producers in the nation, specializing in nuclear and renewable sources of energy.

Cash flows from these energy infrastructure assets are generally steady. The corporation rents out its capacity under a fixed-rate contract for a charge. As TC Energy delivers constant cash flow in all market conditions, this low-risk business strategy has shown to be incredibly durable. 

However, the dividend payout ratio of the corporation is rather low. In addition, it has among the best credit ratings in the oil industry. As a result of these reasons, the company is able to continue to grow its network and dividend. In addition, they make TC Energy one of the safest corporations in the industry of energy.

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