3 major oil companies, Chevron, Plains, and Enterprise, are advantageously positioned amid oil price decrease from $85 to $70 per barrel.

Oil prices have decreased 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's low debt supports its dividends; Plains generates stable income from its pipeline network; and Enterprise has consistently raised its dividend for 26 years, focusing on cash flow stability and strategic spending.

September 22, 2024
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