Weak demand from China is combining with an expected production increase at OPEC to drive oil prices lower today. When oil prices fall, oil stock prices follow them down.
The June/July 2024 edition of Fortune revealed the 500 biggest U.S. companies by revenue and profits. Dogcatcher's quest to sniff-out the best dividend-buys focused on 66 industry-leaders (IL) using YCharts 8.28.24-data. Those 66 industry-leaders were segmented-into 21 business-sectors, ranging (alphabetically) from apparel to wholesalers. 3 of-the 66 were private or foreign exchange listed-fir...
HOUSTON , Aug. 29, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) ("Marathon Oil") announced today that it received the necessary stockholder approval for Marathon Oil's pending merger with ConocoPhillips (NYSE: COP). Marathon Oil will file the vote results of the special stockholder meeting in a Form 8-K with the U.S. Securities and Exchange Commission (the "SEC").
ConocoPhillips is a top pick in the energy sector, boasting strong production growth and a robust asset portfolio in key regions. The Marathon Oil acquisition is expected to boost cash flow, enhance asset base, and drive a 34% dividend increase and accelerated share buybacks. COP's strong balance sheet, low debt ratio, and disciplined capital allocation support continued dividend growth and pot...
For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs w...
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