We couldn’t be more excited to announce that Divvy’s program is now available in seven new areas across the country, offering more American’s an opportunity for homeownership. Add it all up and you have an excellent source of passive income that also benefits from the demand for refined products.Today, we’re expanding into seven new metros areas across the U.S! Our rent-to-own program is now available in Denver, CO, Fort Lauderdale, FL, Houston, TX, Jacksonville, FL, Miami, FL, Minneapolis, MN, and Orlando, FL. Despite trading near a three-year high, Phillips 66 is expected to generate so much profit this year that its forward P/E ratio is just 10.5. Phillips 66 has a dividend yield of 3.5%. And it could stay that way for a while as producers scramble for refiners that will take their crude. However, the narrative has completely flipped in 2022. In 2021, it posted net income of $1.32 billion - a drop in the bucket compared to past years - as a lack of demand for jet fuel weighed on its bottom line. In 2020, Phillips 66 lost $3.98 billion, its worst annual loss since it split with ConocoPhillips. After all, it's a tough business when things aren't going well. The downstream industry, arguably more so than any other part of the integrated oil and gas value chain, has received a lack of investment. I believe there will never be another new refinery built in the United States." In an interview with Bloomberg TV, Chevron CEO Mike Wirth said: "We haven't had a refinery built in the United States since the 1970s. In addition, management specified on the recent first-quarter 2022 conference call that it expects to strengthen its balance sheet through the remainder of the year, resulting in zero net debt by the end of 2022. Over the past 12 months, Devon Energy's payout ratio has been a conservative 50%. Regarding Devon Energy, it seems that Devon Energy's substantial dividend isn't jeopardizing the company's well-being. While high-yield dividend stocks provide investors great opportunities to generate strong passive income streams, it's important to investigate the financial health of the companies behind the high payouts. The stock still looks cheap, with shares priced at 9.1 times forward earnings, representing a notable discount to their five-year average forward P/E of 20.9. Prefer value stocks with inexpensive forward earnings multiples? No problem. Shares of Devon Energy are currently trading at 14.6 times trailing earnings - a discount to its five-year average price-to-earnings (P/E) ratio of 32.3. Investors whose portfolios aren't presently energized with Devon Energy may feel the stock's recent rise has left it too pricy to pick up right now, but that's hardly the case. Income investors and energy investors are likely taking a look at Devon Energy, which offers a 6.8% forward dividend yield. Over the past three months, for example, shares of Devon Energy, an exploration and production (E&P) company with onshore operations located in the United States, have soared by 33%. But it's not only bad news resulting from higher energy prices many oil and gas stocks have also risen, providing a bit of a boom to investors.
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Scott Levine (Devon Energy ): The steep climb in oil prices over the past few months has left drivers wincing at the sight of their fuel gauges inching toward empty. Discussing the matter on the second-quarter earnings call, Karsanbhai said he sees "continued oil and gas spend" as part of the "beginning of a strong growth cycle," while "we saw more activity around key energy segments such as LNG, clean fuels, and renewables." That will translate into increased process automation orders if energy prices remain high.
Moreover, high energy prices will encourage investment in liquefied natural gas (LNG) and other energy sources Emerson Electric has exposure to. That said, the high oil price will inevitably boost Emerson's automation business with exposure to upstream oil in the near to medium term.
He reiterated this position on the company's second-quarter 2022 earnings call in May, saying, "we will continue to divest commoditized, upstream oil and gas businesses." Moreover, only 11% of the company's sales were in the upstream oil and gas end market in 2021.Īs such, investors don't have to worry too much about Emerson's long-term exposure to oil in an age when a transition to clean energy is taking place. On the contrary, earlier this year, CEO Lal Karsanbhai made it clear he was moving the company away from the upstream oil and gas business.
Lee Samaha (Emerson Electric) : Process automation and climate control company Emerson Electric definitely isn't all about oil. The high price of oil provides a boost to Emerson Electric
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