Oil Prices Are Down. Here Are 3 Energy Stocks That Can Prosper No Matter Where Prices Go Next.

Core Viewpoint - The article highlights that certain companies in the energy sector, specifically Chevron, Plains All American Pipeline, and Enterprise Products Partners, are well-positioned to withstand fluctuations in oil prices and continue to generate stable income and dividends regardless of market conditions [1]. Chevron - Chevron has a low debt-to-equity ratio of 0.15, the lowest among its peers, allowing it to manage its finances effectively during oil price volatility [2]. - The company has increased its dividend for 37 consecutive years, demonstrating its commitment to returning value to shareholders [3]. - Chevron's strategy includes reducing leverage when oil prices recover, positioning it as a reliable option for income investors with a current yield of 4.5% [3]. Plains All American Pipeline - Plains All American Pipeline operates a vast network of oil pipelines and storage, primarily earning fees from the flow of crude oil and natural gas liquids, making its cash flows less sensitive to falling oil prices [4]. - The company expects to generate over $2.7 billion in adjusted EBITDA this year, with an increase in its guidance range by$75 million due to strong performance [4]. - Plains anticipates producing about $1.6 billion in adjusted free cash flow, with plans to distribute nearly$1.2 billion to investors, yielding over 7% [5]. - The company aims to increase its cash distribution by $0.15 per unit annually after 2024, following a 23$6.7 billion under construction and a strong balance sheet, Enterprise Products Partners offers a yield of 7.2%, positioning it well for future profitability [8].