PSX - 3 Energy Stocks That Will Pay You Passive Income for Years
If you are building a diversified portfolio, you'll want to add some exposure to the energy sector. The high price of oil today, while the broader market is struggling, shows why this could be beneficial.
But you will want to tread carefully, making sure that the passive income streams you add to the mix can hold up over time when oil prices eventually start to fade. Chevron (NYSE: CVX) , Magellan Midstream Partners (NYSE: MMP) , and Phillips 66 (NYSE: PSX) all look like they have what it takes to pay you dividends for years to come.
If you are just looking for one energy stock , then integrated energy giant Chevron -- with its $270 billion market cap -- should be at the top of your list. For starters, it is large and diversified across the entire energy market, from the upstream (production) to the downstream (chemicals and refining). That helps to even out performance over time, though oil and natural gas prices are still the driving force of earnings.
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3 Energy Stocks That Will Pay You Passive Income for Years