Oil Companies Lift Their Dividends as Cash Rolls In

It was a busy week for dividend increases at energy companies, a bonus for investors who have scored as the stocks have taken off this year.

The sector is prospering as Russia’s war against Ukraine has lifted prices for oil, natural gas, and refined products such as gasoline. Among those that said they planned to boost their payouts were


EOG Resources


(ticker: EOG),


Marathon Petroleum


(MPC), and


ConocoPhillips


(COP).