EOG Resources, Inc. Is (EOG) the best oil and gas dividend stock according to the billionaire?
Recently, I’ve published a list of 12 Best Oil and Gas Dividend Stocks by Billionaires. In this article, we will introduce EOG Resources, Inc. Let’s take a look where (NYSE: EOG) invests in other best oil and gas dividend stocks, according to the billionaire.
The United States currently produces more oil than any other country in its history. The country’s oil and gas operators produced 13.49 million barrels (BPD) of crude oil per day in December 2024. This is the highest production rate ever. Oil production in the United States has grown by almost 50% over the past decade, with the U.S. Energy Information Agency (EIA) projecting that in 2025, American crude oil production will average 1,359 million bpd. But at the same time, there is a risk that the country’s production will decline due to falling Brent prices. This averages around $74 this year, and is expected to drop to another $66 in 2026.
Another major problem with the US oil and gas industry is that the largest oil fields in the country are flagging and may be approaching peak power. The Permian Basin led the American Shale Revolution, responsible for almost half of the country’s overall production in December. However, relentless drilling has exhausted the core of the oil field over the past 20 years, with Shale executives expecting oil production growth from the Permian to slow down around 250,000 to 300,000 BPD this year.
Oil and gas executives are also plagued by the tariff policies adopted by the Trump administration. This is because constant uncertainty threatens drilling plans. A recently released investigation by the Federal Reserve Bank of Dallas reveals oil executives are unhappy with President Trump’s administration, with almost a third even saying business outlook has deteriorated since the end of 2024.
However, despite all the issues mentioned above and declining margins, the country’s oil and gas companies continued to commit to shareholders, increasing returns to record levels. According to a report by Janus Henderson, the energy sector operators have distributed more than $49 billion in dividends in the third quarter of 2024 from $32.2 billion three years ago. However, to maintain such high levels of payment, the industry will need to shift its focus to its second major revenue stream: natural gas.
Unlike crude oil, production slows in 2024 and LNG booming, making Henry Hub’s benchmark US natural gas prices surged more than 114% last year as stocks in the coldest winter of six years are rapidly drilling. The EIA expects US gas demand to reach its next record high this year and is projected to surge to 100.2 billion cubic feet per day (BCFD) in 2025, compared to last year’s BCFD 103.2 and record 103.6 BCFD in 2023.
Despite the recent decline in the industry’s revenue, it is worth mentioning that Warren Buffett’s Berkshire Hathaway has invested hundreds of millions of dollars in the oil and gas giant over the past few months. Omaha Oracle has a dividend trick, as roughly 80% of his portfolio is concentrated on dividend stocks, so recent investments may reflect his confidence in the sector’s potential payments.
12 Best Oil and Gas Dividend Stocks by Billionaires
Oil rigs, natural gas drilling, operating in a vast desert.
To collect the data for this article, we observed a variety of companies working in the oil and gas sector, selected companies with the highest dividend yields as of March 28, 2025, and ranked them as the number of billionaires investors according to the Insider Monkey Database as of Q4, 2024. According to the billionaire, the best oil and gas dividend stocks.
At Insider Monkey, hedge funds are obsessed with stocks stacked on them. The reason is simple. Our research shows that mimic the top stock picks of the best hedge funds can outperform the market. Quarterly Newsletter’s strategy was to select 14 small and large caps per quarter, returning 373.4% since May 2014, surpassing the benchmark by 218 percentage points (For more information, please see here).
Number of billionaires: 13
Dividend yield as of March 28th: 3.08%
EOG Resources, Inc. (NYSE:EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States, with proven reserves for the US and Trinidad.
EOG Resources, Inc. (NYSE: EOG) reported an adjusted EPS of $2.74 for the fourth quarter of 2024, with an estimate of $0.17. However, the company’s revenue was $5.6 billion, down 12.14% year-on-year, missing out on expectations. EOG invested $6.2 billion in CAPEX in 2024, driving an annual production increase of 3% in oil and 8% in total corporate volume. The company hopes to maintain this momentum, forecasting a $6.2 billion capital program in 2025, resulting in a 3% increase in oil volume and a 6% increase in total output.
EOG Resources, Inc. (NYSE: EOG) maintains a strong balance sheet and concludes 2024 with $7.1 billion in cash. The company generated $5.4 billion in free cash flow in 2024, repatriating $5.3 billion to shareholders. This is well beyond our commitment to returning at least 70% of our annual free cash flow to shareholders. The company has never reduced or stopped regular dividends in the last 27 years, increasing its dividend rate twice the average of its peers since 2019. Last year, EOG announced its quarterly dividends increased by 7%, and in February it increased its regular dividends.
Overall, EOG 12th place On the list of the best cannabis stocks to buy according to the billionaire. While acknowledging the possibility of EOG growing, our belief lies in the belief that some AI stocks offer higher returns and hold a greater commitment to doing so within a shorter time frame. If you’re looking for AI stocks that are more promising than EOG, but trade less than five times the revenues, Cheapest AI stocks.
