2 Dividend Aristocrats to Buy as Oil Nears $100

Investors in dividend stocks are watching energy prices move significantly higher since the start of 2021, as the price of WTI Crude has almost doubled during this time period. In the past 12 months, the price is up almost 52%. It might not be too far off that oil prices top $100 a barrel, something that hasn’t occurred since July 30, 2014.

While consumers and businesses might be negatively impacted by higher prices, those in the energy sector are largely benefiting from the increase. Two of our favorite dividend stocks, which also happen to be Dividend Aristocrats, that we feel investors should consider as a way to profit from higher energy prices include: Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM).

Source: InvestorPlace

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