The 3 Biggest Dividend Yields in the Oil Patch

The 3 Biggest Dividend Yields in the Oil Patch

Like massive dividend yields? Who doesn't? Sadly, they've become a thing of the past among independent oil-and-gas exploration and production companies. While industry bigwig ConocoPhillips (NYSE: COP) was once able to pay a yield of more than 4%, the oil price collapse has forced it to leave the big yields to its big peers like BP (NYSE: BP).

But while no independent producer's yield can hold a candle to BP's current 6.3%, three of these oil drillers are currently yielding above 2% -- and they may even have better growth opportunities than BP. Here's what income investors need to know about ConocoPhillips, Apache (NYSE: APA), and Hess (NYSE: HES).

The stock market hasn't been kind to many oil industry players this year. But that's led to some tasty dividend yields. Image source: Getty Images.

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Source: Fool.com