Shell plc (NYSE:SHEL) is included among the 12 Best European Dividend Stocks to Buy Now. Piper Sandler Raises Shell (SHEL) Price Target to $90, Maintains Overweight Rating On November 10,‍ Pipe‌r⁠ Sa‌ndler raised its price target on Shell plc (NYSE:SHEL) to $9​0 from $87 and maintained an Ove‍rwe​ight rating on the shares, according to a report by The Fly. The firm noted tha‌t while investor sentim‍ent remains cautious du⁠e to​ concerns ab‌out the near-term outlook for crude o⁠il, Shell’s Q3 results demo ...

Core Viewpoint - Chevron Corporation is recognized as a strong candidate for passive income investment, with a focus on sustainable growth and shareholder returns [1][3]. Group 1: Financial Performance and Projections - Piper Sandler has adjusted Chevron's price target to $168 from $169 while maintaining an Overweight rating, indicating a stable outlook despite minor adjustments [2]. - The company is projected to achieve a compound annual growth rate (CAGR) of 15% in free cash flow per share from 2025 to 2030, positioning it as a leader in the energy sector [3]. - Chevron anticipates over 10% annual growth in adjusted free cash flow through 2030, supported by a disciplined capital expenditure plan [4]. Group 2: Dividend and Share Repurchase Strategy - Chevron has a strong track record of increasing dividends for 38 consecutive years, with an average annual increase of 7% over the past 25 years [4][5]. - The company plans to repurchase $10 to $20 billion of its shares annually through 2030, contingent on average Brent prices ranging from $60 to $80 [5]. Group 3: Strategic Initiatives - Chevron has unveiled a five-year plan aimed at ensuring steady cash flow and profit growth through 2030, while reducing its capital expenditure guidance to between $18 billion and $21 billion annually [4].

Financial Data and Key Metrics Changes - The company achieved an adjusted EBITDA of $12 billion, a 28% increase over the second quarter of 2025 [10] - Net income, excluding one-time items, reached $5.2 billion, marking a 28% increase over the previous quarter [10] - Operating cash flow closed at $9.9 billion, up 31% from the second quarter [10] - Free cash flow was $5 billion, a 44% increase from the second quarter [10] - The company approved a payment of BRL 12.2 billion in dividends [10] Business Line Data and Key Metrics Changes - Oil and gas production increased by 8% in the quarter, with a 17% growth over the last 12 months [11] - Pre-salt production reached 2.56 million barrels of oil equivalent, supported by a 4% efficiency increase [5] - Domestic sales of oil products increased by 5%, with diesel sales growing by 12% compared to the previous quarter [7] - The refinery FUT closed the quarter at 94%, producing high-value-added derivatives [7] Market Data and Key Metrics Changes - The company exported around 800,000 barrels of oil per day, with total exports surpassing 1 million barrels per day when including byproducts [7] - Brent prices rose by 2% in the quarter, although they fell by $11 per barrel over the past year [11] Company Strategy and Development Direction - The company is focused on increasing oil production and improving operational efficiency, with a long-term perspective on investments rather than short-term dividends [14] - Key projects in the refining segment are advancing, with significant savings achieved compared to reference budgets [6] - The company aims to enhance Brazilian self-sufficiency and contribute to energy security and emission reduction through its investments [7] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the challenging scenario due to the drop in Brent prices but emphasized the strong operational performance in the third quarter [4] - The company is confident in meeting its investment guidance and maintaining a focus on efficiency and cost management [16] - Management expressed optimism about future production capacity increases without additional costs, particularly in the Búzios field [22][23] Other Important Information - The company celebrated the hiring of 850 technical employees and approximately 570 new graduates to expand operations [9] - The FPSO Almirante Tamandaré reached a record instantaneous flow rate of 270,000 barrels of oil per day [22] Q&A Session Summary Question: Contribution of inflation to FPSO results and Capex constraints for 2026 - Management stated that Capex is not increasing due to inflation, and investments are being accelerated without raising project budgets [27][28] Question: Concerns regarding Braskem's financial situation - Management noted that Braskem has its own governance and no proposals are currently on the table for discussion [26] Question: Potential reduction in Capex in the midterm - Management indicated that while there may be a reduction in Capex in the future, it is not expected for the next year [31] Question: Sustainability of production levels above nominal capacity - Management clarified that production peaks are temporary and based on reservoir characteristics [46] Question: Decision-making process for leasing vs. owning FPSOs - Management explained that decisions are based on technical assessments and market conditions, with no preference for one model over the other [42] Question: Updates on the ethanol market and liquid natural gas - Management confirmed ongoing negotiations regarding ethanol and expressed interest in participating in future auctions for reserve capacity [48][63]

Core Points - Gregory C. Garland has been elected to the ExxonMobil Board of Directors, effective November 3, 2025 [1] - Garland brings over a decade of CEO experience from respected industry companies, enhancing the board's expertise and collaboration [2] - His previous roles include Chair and CEO of Phillips 66 and President and CEO of Chevron Phillips Chemical Company [2] Company Overview - ExxonMobil is one of the largest publicly traded international energy and petrochemical companies, focused on improving quality of life and meeting evolving societal needs [4] - The corporation's primary businesses include Upstream, Product Solutions, and Low Carbon Solutions, providing essential products like energy, chemicals, and lubricants [5] - ExxonMobil aims to achieve significant reductions in greenhouse gas emissions by 2030, including a 20-30% reduction in corporate-wide greenhouse gas intensity and a 70-80% reduction in methane intensity [5] Recent Developments - ExxonMobil has made a final investment decision for the Hammerhead development offshore Guyana, expected to come online in 2029, with a production capacity of approximately 150,000 barrels of oil per day [9] - The Hammerhead project has a budget of US$6.8 billion and will utilize a floating production storage and offloading (FPSO) vessel [9]

This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: SC Fuels, Pilot Company’s fuel distribution arm on the West Coast, has acquired California-based competitor Downs Energy for an undisclosed amount, according to an announcement from Matrix Capital Markets, which coordinated the sale. The deal includes Downs’ six cardlock facilities, fleet card, and fuel and lubricants delivery businesses. Since its fou ...

Financial Performance - Q3 2025 - Martin Midstream Partners (MMLP) reported an Adjusted EBITDA of $19.3 million for Q3 2025[3] - This is a decrease compared to the $25.1 million Adjusted EBITDA in Q3 2024[3,4] - Net loss for Q3 2025 was $8.4 million[3] Segment Performance - Q3 2025 vs Q3 2024 (Adjusted EBITDA) - Transportation segment decreased from $11.6 million in Q3 2024 to $5.3 million in Q3 2025[3] - Terminalling & Storage segment increased from $8.4 million in Q3 2024 to $9.7 million in Q3 2025[3] - Sulfur Services segment decreased from $4.2 million in Q3 2024 to $3.9 million in Q3 2025[3] - Specialty Products segment decreased from $4.6 million in Q3 2024 to $3.9 million in Q3 2025[3] Financial Performance - Year-to-Date (YTD) Q3 2025 - MMLP's YTD Q3 2025 Adjusted EBITDA was $74.3 million[5] - This is a decrease compared to the $87.3 million Adjusted EBITDA for YTD Q3 2024[5,6] - Net loss for YTD Q3 2025 was $11.9 million[5] Segment Performance - YTD Q3 2025 vs YTD Q3 2024 (Adjusted EBITDA) - Transportation segment decreased from $36.0 million in YTD Q3 2024 to $21.8 million in YTD Q3 2025[5] - Terminalling & Storage segment increased from $25.4 million in YTD Q3 2024 to $25.8 million in YTD Q3 2025[5] - Sulfur Services segment increased from $21.4 million in YTD Q3 2024 to $25.1 million in YTD Q3 2025[5] - Specialty Products segment decreased from $15.7 million in YTD Q3 2024 to $12.8 million in YTD Q3 2025[5]

Core Insights - LRT Capital Management's "LRT Global Opportunities Strategy" reported a net return of -8.00% for September 2025 and a year-to-date return of -0.17%, indicating a challenging month amid a market surge in select overvalued mega-cap stocks [1] - The strategy employs a systematic long/short approach to generate positive returns while controlling downside risks and maintaining low net exposure to equity markets [1] Company Overview: Exxon Mobil Corporation - Exxon Mobil Corporation (NYSE:XOM) is a leading integrated energy and chemical manufacturer with a robust operational history and technological innovation [3] - The company operates a vertically integrated business model that encompasses the entire value chain, from exploration and production of crude oil and natural gas to the manufacturing of fuels, lubricants, and petrochemicals [3] - This integration allows Exxon Mobil to achieve significant operational synergies and maintain a resilient financial profile, enabling it to navigate the cyclicality of commodity markets [3] Stock Performance - Exxon Mobil's stock experienced a one-month return of 1.56% but has seen a decline of 6.41% over the past 52 weeks [2] - As of October 7, 2025, Exxon Mobil's stock closed at $114.26 per share, with a market capitalization of $487.119 billion [2]

Core Insights - Englefield, parent company of Duchess Convenience Stores, has appointed F.W. "Will" Englefield V and Ashley Englefield DeWitt as presidents of Englefield Energy and Englefield Retail respectively, marking a leadership transition to the third generation of the Englefield family [1][2][3] Leadership Transition - The new executives represent the third generation of the Englefield family in leadership roles, with their fathers, F.W. (Bill) Englefield IV and Ben Englefield, still leading the broader company [2] - Bill and Ben Englefield expressed excitement about the new leadership roles, emphasizing the company's 60-year legacy and the importance of transitioning leadership to the next generation [3] Executive Roles and Responsibilities - Ashley Englefield DeWitt will oversee the Duchess convenience store chain, which operates in Ohio and West Virginia, along with other entities such as Royal Craft Kitchen and Taco Bell franchises [3][4] - DeWitt has over 17 years of experience with Englefield, having progressed from division manager to her current role, and expressed honor in leading the Duchess division [4] - Will Englefield will manage the company's fuel, propane, and lubricants divisions, which include five warehouses and approximately 100 trucks [4]

Core Insights - Exxon Mobil Corporation (NYSE:XOM) has achieved an annual earnings growth rate of approximately 30% over the last five years, with cash flow increasing at a CAGR of around 15% during the same period [1] - The company aims to generate an additional $20 billion in earnings and $30 billion in cash flow by 2030 [1] - Exxon Mobil has distributed over $125 billion in dividends and buybacks in the past five years, maintaining a record of raising dividends for 42 consecutive years, positioning it among the top 10 S&P Dividend Stocks [2] Company Overview - Exxon Mobil is one of the largest integrated fuels, lubricants, and chemical companies globally, with operations and product marketing across six continents [3] - The company explores for oil and natural gas worldwide, showcasing its extensive reach in the energy sector [3]

Core Viewpoint - HF Sinclair Corporation has initiated a cash tender offer to purchase all outstanding notes, indicating a strategic move to manage its debt obligations and optimize its capital structure [1][3]. Tender Offer Details - The tender offer includes various series of senior notes, with specific amounts outstanding such as $153.585 million for the 5.875% Senior Notes due 2026 and $249.875 million for the 6.375% Senior Notes due 2027 [2]. - The tender offer will expire at 5:00 p.m. New York City time on August 15, 2025, unless extended or terminated earlier [5]. - Holders of the notes must validly tender their notes before the expiration time to receive the tender offer consideration [5][7]. Financial Considerations - The tender offer consideration will be determined based on the fixed spread over the yield of the applicable U.S. Treasury Security, with calculations made by the Lead Dealer Managers on the price determination date [6]. - In addition to the tender offer consideration, accrued and unpaid interest will be paid in cash on all validly tendered notes accepted for purchase [7]. Conditions and Management - The tender offer is subject to certain conditions, including the receipt of sufficient gross proceeds from a concurrent public offering of senior debt securities [3][11]. - The corporation may waive conditions or extend the tender offer at its discretion [4]. Company Overview - HF Sinclair Corporation is an independent energy company that produces and markets high-value light products, operating refineries across several states and providing various petroleum-related services [14]. - The company markets its refined products primarily in the Southwest U.S. and has a significant presence in the renewable diesel market [14].