Energy companies have struggled to make enough money during the latest downturn to cover their dividends. Investors are concerned that major oil companies like ExxonMobil aren’t making enough to fund their dividends in a sustainable way.
But a few energy companies are still pumping out enough cash to fund those payouts without having to draw on their reserves or take on debt. That’s a good sign for investors who want some exposure to dividend-paying energy companies, but don’t want to stress about whether those companies will be able to keep paying dividends if oil prices stay low.
Barron’s screened for energy companies in the