![]() ![]() Part of the company’s operations also includes electricity and emission rights, operating refineries, terminals, processing plants, and power plants, as well as developing low-carbon oil and gas solutions.Įquinor developed wind, carbon capture, and storage projects that provide other renewable energy. ![]() In addition, Equinor manufactures, processes, and transports oil and gas commodities, including crude and condensate products, gas liquids, natural gas, and liquefied natural gas. The energy company based in Norway is involved in producing, refining, and transporting petroleum and petroleum products across the globe. Equinor ASA (NYSE: EQNR)Īnother oil and gas giant using carbon capture technologies is Equinor ASA. The company has a dividend yield of 0.78%, recording annual payouts of $0.52 at a ratio of 4.35%. Occidental Petroleum made an estimated revenue of $36.5 billion in 2022.Įven though experts estimate that figure to reduce by 17% this year, its year-over-year growth of 63.62% leaves investors with little to desire. This will allow it to repurchase stock, pay down debt, or invest in higher-growth shale assets that are more profitable than those it sells. One of the most significant projects of the venture is its direct air capture project called 1PointFive.Īccording to investors, Occidental Petroleum is increasing its cash flow by divesting from slow-growing assets such as its oil fields. In 2018, it founded Oxy Low Carbon Ventures, a company whose primary purpose is to develop carbon capture utilization, storage, and other technologies to help lower emissions across the industry. The company has shown its commitment to reducing carbon emissions in recent times. However, it recently announced that it would focus its resources on transitioning to the green economy. Right now, it uses this technology for enhanced oil recovery purposes. ![]() Occidental is not a carbon capture company, but its usage of carbon capture technologies makes it an outstanding stock in this space. However, while the US is its main base of operations, It also has subsidiaries in the Middle East, Africa, and Latin America. The over 100-year-old oil and gas firm based in Texas is the fifth-largest oil and gas company in the United States. Occidental Petroleum Corporations (NYSE: OXY)Ĭlosely rivaling Aker as a premium carbon capture stock is Occidental Petroleum. The company was incorporated in 2022 and is currently valued at $765.10 million with a market cap of about $900 million.Īlthough it does not currently pay a dividend, it has a gross profit margin of 9.19%. The company has been in the headlines this year, as a chemical company in Germany awarded it a decarbonization study.īefore that, it signed a letter of intent to begin a large carbon capture project to provide two Just Catch units to undisclosed European companies.Īker made an estimated revenue of $79.13 million in 2022, with experts projecting a 73.34% increase in 2023. Current trends show that the price of emitting carbon is rapidly increasing while the cost of capturing emissions is decreasing due to increased deployment over the last few years.Ī record-high of close to 200 commercial carbon capture and storage facilities are currently in the project pipeline, as it added 61 new facilities in 2022 alone.
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