Tag: energy
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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…
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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,…
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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!
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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…
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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…
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Natural gas futures drop on warm weather forecasts
The plunge is a bad omen for drillers, whose shares were among the stock market’s few winners last year. Cheaper gas is good news for households and manufacturers whose budgets have been busted and profit margins pinched by high fuel prices. Falling natural gas prices should help to cool inflation in the months ahead. There are also…