This segment is from Tuesday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

 As if growing production and reserves wasn't difficult enough for integrated oil companies, or IOCs, they have had to contend with struggling refining businesses lately as well. Given the pressure that refining margins have placed overall results, it makes one wonder, if one or more of these companies will give up in the race to become the biggest energy company in the world and make a move similar to ConocoPhillips (NYSE:COP). ExxonMobil (NYSE:XOM) and Royal Dutch Shell (NYSE:RDS-A) have been struggling the most lately, but Chevron (NYSE:CVX) and Total SA (NYSE:TOT) haven't separated themselves that much. Find out more in the video below.

One thing's for sure, these companies pay hefty dividends. Here are 9 others:

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Chevron and Total SA. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.