Tag: energy

  • Chevron records $35.5 billion profit, its highest ever

    Chevron records $35.5 billion profit, its highest ever

    The U.S. oil company in its quarterly earnings reported Friday that it collected $35.5 billion in its highest-ever annual profit in 2022, more than double the prior year and about one-third higher than its previous record in 2011. Almost $50 billion in cash streamed in from its oil-leveraged operations, another record underpinning plans to pay […]

  • Chevron (CVX) raises dividend 6.3% & announces $75 billion buyback program

    Chevron (CVX) raises dividend 6.3% & announces $75 billion buyback program

    The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and fifty-one cents ($1.51) per share, an increase of nine cents ($0.09) per share or approximately 6 percent. The dividend is payable March 10, 2023, to all holders of common stock as shown on the transfer records of […]

  • ONEOK (OKE) Raises Dividend by 2.1%

    ONEOK (OKE) Raises Dividend by 2.1%

    ONEOK raised its dividend for the first time in three years and continues its thirty year uninterrupted dividend streak. The board of directors of ONEOK, Inc. (NYSE: OKE) today increased ONEOK’s quarterly dividend to 95.5 cents per share, an increase of 2%. This increase results in an annualized dividend of $3.82 per share. The dividend is payable Feb. 14, 2023, […]

  • Plains GP Holdings (PAGP) raises dividend 23%

    Plains GP Holdings (PAGP) raises dividend 23%

    PAGP announced a corresponding quarterly cash distribution of $0.2675 per Class A share ($1.07 per Class A share on an annualized basis), which also reflects a $0.05 increase from the distribution paid in November 2022 ($0.20 per unit increase, or 23%, on an annualized basis). Yahoo!

  • Boom time again for oil and gas

    Boom time again for oil and gas

    Thanks to a mix of events, from the Russian invasion of Ukraine to the U.S. economic recovery, fossil fuels are showing surprising resilience, despite President Biden’s push to transition to clean energy and the industry’s own history of boom-bust investing and heavy reliance on debt. U.S. production of natural gas—Chesapeake’s focus—has hit record levels. The country’s crude oil […]

  • Enterprise Products Partners (EPD) Raises Distribution; 24th straight year of growth

    Enterprise Products Partners (EPD) Raises Distribution; 24th straight year of growth

    Enterprise Products Partners L.P. (EPD) announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the fourth quarter of 2022 of $0.49 per unit, or $1.96 per unit on an annualized basis. This quarterly distribution will be paid February […]