Chevron, Plains, and Enterprise thrive amid falling oil prices due to strong financial positions and strategic income focus.

Oil prices have fallen from over $85 to around $70 per barrel since April, affecting the industry variably. However, Chevron, Plains All American Pipeline, and Enterprise Products Partners are positioned to thrive amid this volatility. Chevron boasts a strong financial foundation with a low debt ratio, while Plains focuses on fee-based income from its pipeline operations. Enterprise maintains a robust dividend growth strategy, having increased its payouts annually for 26 years.

September 22, 2024
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