Here is a look at some high yield midstream energy companies and how they compare to Exxon. Midstream businesses charge fees for volume flowing through their pipelines, so they are less impacted by oil price swings. Current yields: - Western Midstream (WES): 8.1% - MPLX LP (MPLX): 7.5% - Energy Transfer (ET): 6.5% - Enbridge (ENB): 6.1% - Enterprise Products (EPD): 5.9% - ExxonMobil (XOM): 2.5% Most of the midstream names on this list are Master Limited Partnerships (MLPs). This means they come with K-1 tax forms and can be complicated to hold in tax-advantaged retirement accounts. Enbridge is a Canadian company, so you avoid the K-1, but you have to navigate foreign dividend taxes unless you hold it in a qualifying IRA. EPD and ENB both have around 30 years of consecutive dividend increases, offering more consistency than higher yielders like ET, which cut its distribution in 2020. Exxon has the lowest yield at 2.5% but offers 43 years of consistent dividend hikes. It operates across the entire energy chain, so you take on more direct commodity risk compared to pure midstream players.