Founded in 1901 after striking oil in Persia, London-based British Petroleum (BP) is one of the largest integrated oil and gas companies in the world today with operations in over 70 countries. Impressively, BP's daily output of 3.7 million barrels of oil exceeds the yield of all but a handful of nations. Like other oil giants, BP [...]
Another quarter, another disappointment. That's been 3M's (MMM) story for much of the past two years, and the trend continued earlier this week. 3M reported fourth-quarter earnings on Tuesday, sending its shares falling by about 6%. The company's stock price is nearly unchanged since 2015, and 3M's dividend yield sits near its highest level since the financial [...]
Chevron (CVX) was born from the discovery in 1879 of an oilfield near Los Angeles that yielded 25 barrels of oil per day. Today, Chevron is one of the largest oil companies in the world and produces nearly 3 million oil-equivalent barrels each day. The firm's upstream operations (77% of 2018 earnings) explores for, produces, and transports [...]
America's first enclosed mall was built in 1956, and the nation hasn't looked back. About 1,500 malls were built in the U.S. from 1956 through 2005, providing hubs for social gathering and shopping throughout America's booming suburbs. By 1975, malls accounted for 50% of U.S. retail dollars spent, representing an impressive 13% of GDP. So much property was developed [...]
On January 21, Boeing (BA) announced it does not expect regulators to approve the return of the grounded 737 MAX aircraft until mid-2020, erasing hopes of a first-quarter recertification. Boeing, under new CEO Dave Calhoun, now appears to be taking a more conservative approach to both its relationship with global regulators and its communications with Wall Street. [...]
Founded in 1833, Royal Dutch Shell (RDS.B) is one of the world's largest integrated oil companies with operations in over 70 countries. In addition to exploring for and extracting crude oil, natural gas, and natural gas liquids, Royal Dutch Shell owns a number of refineries, distribution terminals, and LNG tankers.Shell organizes its business into three [...]
Public Storage (PSA) was founded in 1972 by two California business men who invested $50,000 in a single storage unit initially to generate temporary income. PSA, America’s largest self-storage REIT, now owns close to 2,500 storage rental properties in 38 states and seven European countries. Approximately 81% of the REIT's properties are in the U.S. and [...]
Formed in 1870 as part of business magnate John D. Rockefeller's Standard Oil empire, Exxon Mobil (XOM) is one of the world’s oldest oil companies. The firm has evolved from a regional refiner and distributor of kerosene used in lamps to the largest publicly traded petroleum and petrochemical enterprise in the world. The firm's products [...]
CVS Health (CVS) was founded in 1963 with three Consumer Value Stores located in Lowell, Massachusetts. It has grown into the second largest drugstore company in the US with close to 10,000 retail locations. CVS is also one of the nation’s largest pharmacy benefit managers and health insurance providers, positioning itself as a uniquely diversified and [...]
Founded in 1954, Pembina Pipeline (PBA) is a major transportation and midstream service provider with a network of oil and gas pipelines, storage facilities, and processing plants located primarily in western Canada. The firm's energy infrastructure helps the hydrocarbons produced in western Canada reach the highest value markets throughout the world.
Founded in 1906, ONEOK (OKE) is a leading U.S. midstream service provider focused on natural gas liquids (NGL) such as butane, ethane, propane, and pentane. These liquids are generated when natural gas (methane) is produced. NGLs are used as feedstocks for petrochemical plants (to produce plastics, rubber, etc.), burned for heating homes and cooking, and blended into [...]
With roots going back to 1849, Walgreens Boots Alliance (WBA) is one of the world’s largest pharmacy retailers and drug distributors, operating over 18,000 pharmacy stores around the world.The company operates a portfolio of retail store brands, including Walgreens, Rite Aid, Duane Reade, and Boots, as well as global health and beauty product brands, such [...]
Founded in 1997, Kinder Morgan (KMI) is one of North America's largest midstream infrastructure companies, providing gathering, storage, transport, and processing services to the oil & gas industry. As you can see, Kinder Morgan's pipelines, storage facilities, and terminals are integrated into almost all parts of the domestic oil & gas industry, including every major [...]
Energy Transfer LP (ET) began in 1996 as a small natural gas pipeline operator in Texas and has grown to become one of the largest providers of midstream energy services in the nation. With a footprint in most of the major domestic production basins, the firm's pipelines, storage facilities, and terminals help move various fossil [...]
Founded in 1898, Whirlpool (WHR) is the world's largest appliance manufacturer with over $20 billion in annual sales. The company makes and sells laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small home appliances under brands names like Whirlpool, KitchenAid, Maytag, and Jenn-Air.