Tag: oil
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ONEOK (OKE) raises dividend by 3.7% & authorizes $2 billion share buyback program
The board of directors of ONEOK, Inc. (NYSE: OKE) today increased its quarterly dividend to 99 cents per share, an increase of 3.7%. This increase results in an annualized dividend of $3.96 per share. The dividend is payable Feb. 14, 2024, to shareholders of record at the close of business Jan. 30, 2024. For future dividend increases, ONEOK expects…
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Plains GP Holdings (PAGP) increases dividend by 19%
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Enterprise Products Partners (EPD) raises dividend by 3%, its 25th consecutive annual increase
Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) 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 2023 of $0.515 per unit, or $2.06 per unit on an annualized basis. The quarterly distribution will be paid Wednesday, February 14, 2024, to…
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Chevron (CVX) makes $53 billion deal to buy Hess (HES)
What does all this mean? First Exxon makes a huge acquisition and now Chevron. Are the big oil companies diversifying and acquiring in anticipation of further regulation that will curtail oil and other fossil fuel production? The U.S. energy company said buying Hess would upgrade and diversify its portfolio, marking Chevron’s entrance into an Exxon-led…
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Exxon (XOM) strikes deal to buy Pioneer Natural Resources (PXD)
This transaction will merge two of my holdings and remove PXD from my High Yield Portfolio. I’ll have to find a replacement that pays almost an almost 7% dividend yield. The deal, at $253 a share, values Pioneer at an almost 7% premium to its closing value of about $55.4 billion Tuesday. It cements Exxon’s…
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Chevron waves retirement age policy for CEO Wirth
Chevron’s CVX 2.23%increase; green up pointing triangle board of directors is waiving the company’s fixed retirement age for Chief Executive Mike Wirth, allowing him to remain CEO for a longer period as it weighs its C-suite strategy. The Wall Street Journal had reported in February that Chevron’s board was considering the move. Some directors have said the company doesn’t have…