Tag: energy
-
Chevron seeks energy exploration deal with Algeria
Over the past decade, U.S. companies have pulled back from operations in oil-and-gas-rich Middle Eastern and African countries they viewed as politically risky to focus on booming shale production at home. Yet Chevron, which is the world’s second-largest Western oil company by market capitalization, recently revived talks to invest in Algeria, people familiar with the matter said.…
-
Exxon (XOM) records highest annual profit ever
The largest U.S. oil company turned in record annual earnings of $55.7 billion for 2022 in its quarterly earnings Tuesday, outpacing big banks, tech giants and vaccine makers. Among companies that have reported fourth-quarter earnings, only Apple Inc. AAPL 0.28%increase; green up pointing triangle and Microsoft Corp. MSFT 1.30%increase; green up pointing triangle have surpassed…
-
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
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 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%
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!