Latest news with #Arkansas
Globe and Mail
3 hours ago
- Business
- Globe and Mail
Chevron Is Following ExxonMobil by Entering the Lithium Sector
Oil giants Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) can read the writing on the wall: They can see that fossil fuels will eventually go extinct. That's leading these energy giants to invest in expanding into lower-carbon energy. One area both oil stocks are expanding into is lithium, a key ingredient for making batteries for electric vehicles (EVs). Exxon entered the sector in 2023 by acquiring land in Arkansas' Smackover Formation, which is rich in lithium brine. Chevron is now following in Exxon's footsteps by acquiring land in the region to produce lithium. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Drilling for lithium Chevron has signed two deals to buy leasehold acreage related to the Smackover Formation. It's buying 125,000 net acres across Northeast Texas and Southwest Arkansas from two sellers. The energy company noted that the Smackover Formation underneath this land has high lithium content. The land acquisitions mark Chevron's first step toward establishing a commercial-scale U.S. lithium business. The energy company would utilize a direct lithium extraction (DLE) process to develop the acreage. DLE is a set of advanced technologies that extract lithium from brines produced from subsurface formations like the Smackover. While Chevron doesn't have experience producing lithium, the DLE process would enable the company to leverage its subsurface, drilling, and resource extraction capabilities and strengths. That makes lithium production a strong strategic fit for oil companies like Chevron and Exxon. Following Exxon's blueprint Chevron's move into the Smackover follows Exxon's prior entry into the lithium supply sector. In 2023, the oil giant reportedly paid around $100 million for more than 120,000 total acres in Arkansas above the Smackover Formation. Exxon drilled its first well in the region that year and aims to begin commercially producing lithium by 2027. It set a bold goal of producing enough lithium by 2030 to supply the auto industry with the metal to meet the manufacturing needs of over 1 million EVs per year. That would make it one of the world's top producers in a very short period. Exxon has already started signing lithium supply deals with potential customers for its branded product, Mobil Lithium. Last year, it inked a nonbinding agreement with battery parts maker LG Chem to potentially supply 100,000 metric tons of lithium carbonate over several years. LG Chem would use it at its cathode plant in Tennessee, which it expects to complete this year. The oil giant is also looking into other potential lithium projects worldwide. It's reportedly working with oilfield services giant SLB on potential lithium investment opportunities in Chile. An all-of-the-above approach Energy giants Chevron and Exxon are taking methodical approaches to the transition to lower-carbon energy. Both companies continue investing heavily in oil and gas to meet the world's near-term needs for fossil fuels. For example, Exxon is investing $140 billion in major projects and in developing the Permian basin through 2030. This investment level will add 1.2 million oil-equivalent barrels per day (BOE/d) to its output, which it expects will reach 5.4 million BOE/d by 2030. However, the energy companies are also steadily ramping up their investments in lower-carbon energy. They're taking a broad approach by investing in industries adjacent to the fossil fuel sector, such as hydrogen, biofuels, carbon capture and storage, and lithium. Exxon aims to invest up to $30 billion into lower carbon energy opportunities through 2030, while Chevron is currently allocating about 10% of its $15 billion annual capex budget to lower carbon energy opportunities. The oil companies want to methodically build profitable lower-carbon energy businesses that generate high investment returns to complement their oil and gas operations. Building the future of energy Chevron and Exxon know that the world wants to switch to lower-carbon energy sources. That's leading the energy giants to expand into new areas like lithium. They want to leverage their extensive expertise to build profitable businesses that can grow shareholder value over the long term. It's a smart approach that could pay off for investors in the future. Should you invest $1,000 in Chevron right now? Before you buy stock in Chevron, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chevron wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor 's total average return is995% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Bloomberg
5 hours ago
- Climate
- Bloomberg
How One Family Farm Made American Sake Possible
The first thing one notices when driving through the plains of east-central Arkansas is how flat the land is. No hills, no slopes, no ridges. In fact, if it weren't for the sporadic patches of forest and a few manmade terraces and artificial levees, the horizon would be a straight line that seemingly goes on forever. This level terrain, along with reliable rainfall and cheap irrigation, makes the farmland ideal for the water-intensive process of growing rice — Arkansas produces more than 40% of the total US rice output, according to the USA Rice Federation. Almost all of that is and has long been American table rice. 'The kind you put gravy on,' says Chris Isbell, a fourth-generation farmer. For decades the same was true of Isbell's low-lying fields, 3,500 remote acres about 30 miles southeast of Little Rock.
Yahoo
6 hours ago
- Business
- Yahoo
Home BancShares (HOMB) Could Be a Great Choice
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. Based in Conway, Home BancShares (HOMB) is in the Finance sector, and so far this year, shares have seen a price change of -3.04%. Currently paying a dividend of $0.2 per share, the company has a dividend yield of 2.92%. In comparison, the Banks - Southeast industry's yield is 2.43%, while the S&P 500's yield is 1.59%. Taking a look at the company's dividend growth, its current annualized dividend of $0.80 is up 6.7% from last year. Home BancShares has increased its dividend 4 times on a year-over-year basis over the last 5 years for an average annual increase of 9.55%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Home BancShares's current payout ratio is 38%. This means it paid out 38% of its trailing 12-month EPS as dividend. Earnings growth looks solid for HOMB for this fiscal year. The Zacks Consensus Estimate for 2025 is $2.29 per share, representing a year-over-year earnings growth rate of 13.93%. Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that HOMB is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Home BancShares, Inc. (HOMB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
8 hours ago
- Entertainment
- Yahoo
Jed & Katey Duggar Set 'Insane' Family Record & Still Want More Kids
Jed & Katey Duggar Set 'Insane' Family Record & Still Want More Kids originally appeared on Parade. Jed Duggar and his wife, Katey, are already outpacing his parents—19 Kids and Counting stars —and they still want more children. On June 18, Katey and Jed were featured on his sister's podcast with her husband, Jeremy Vuolo. 🎬 SIGN UP for Parade's Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox 🎬 The TLC siblings and their spouses touched on several topics in the most recent episode of The Jinger & Jeremy Podcast, and among them was their family size. In January, Jed and Katey welcomed twin daughters, Emma and Elsie. They also have a son, Truett, 3, and a daughter, Nora, 2—but for a few months, the young couple had four kids ages 2 and under. This jaw-dropping fact is a feat that even Michelle and Jim Bob didn't accomplish with their first four kids. That's because when their fourth child, , was born, their twins, and were 1, and their eldest son, , was already 3. 'We've known each other five years,' Katey said of having four kids in four years of marriage with her Counting On husband. 'So when we look at it like that, we're like, 'Wow, this has been crazy.'' 'That's insane,' Jinger echoed. It's worth noting, however, that Michelle and Jim Bob later had four kids ages 2 and under: Josiah Duggar was still 2 and was 1 when twins Jed and were born in December 1998. Later, Jeremy asked Katey and Jed if they planned on adding more kids to their brood and to that, Jed shared, "We're just praying about that." 'We would love to just enjoy the kids we have right now for a good minute,' Katey stressed. 'It's an insanely busy season, the little years, especially because we have two infants right now. It's just all hands on deck at all times 24/7.' The couple also revealed they want "five or six kids" in total—but time will tell what number they ultimately reach as they continue "counting on." (And for those wondering—no, they didn't name their oldest child, Truett, after the Chick-fil-A founder S. Truett Cathy.) Meanwhile, Jed's older sister, , is pregnant and due with her sixth baby in July. Next: Jed & Katey Duggar Set 'Insane' Family Record & Still Want More Kids first appeared on Parade on Jun 20, 2025 This story was originally reported by Parade on Jun 20, 2025, where it first appeared.
Yahoo
11 hours ago
- General
- Yahoo
Arkansas Lottery Cash 3, Cash 4 winning numbers for June 19, 2025
The Arkansas Lottery offers several draw games for those aiming to win big. Here's a look at Thursday, June 19, 2025 results for each game: Midday: 6-4-0 Evening: 4-7-5 Check Cash 3 payouts and previous drawings here. Midday: 1-7-1-6 Evening: 4-1-2-8 Check Cash 4 payouts and previous drawings here. 02-05-08-18-45, Lucky Ball: 01 Check Lucky For Life payouts and previous drawings here. 01-10-15-20-39 Check Natural State Jackpot payouts and previous drawings here. Feeling lucky? Explore the latest lottery news & results Powerball: 9:59 p.m. CT on Monday, Wednesday, and Saturday. Mega Millions: 10 p.m. CT on Tuesday and Friday. Cash 3 Midday: 12:59 p.m. CT daily except Sunday. Cash 3 Evening: 6:59 p.m. CT daily. Cash 4 Midday: 12:59 p.m. CT daily except Sunday. Cash 4 Evening: 6:59 p.m. CT daily. Lucky For Life: 9:30 p.m. CT daily. Natural State Jackpot: 8 p.m. CT daily except Sunday. LOTTO: 9 p.m. CT on Wednesday and Saturday. Winning lottery numbers are sponsored by Jackpocket, the official digital lottery courier of the USA TODAY Network. Tickets can be purchased in person at gas stations, convenience stores and grocery stores. Some airport terminals may also sell lottery tickets. You can also order tickets online through Jackpocket, the official digital lottery courier of the USA TODAY Network, in these U.S. states and territories: Arizona, Arkansas, Colorado, Idaho, Maine, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oregon, Puerto Rico, Washington D.C., and West Virginia. The Jackpocket app allows you to pick your lottery game and numbers, place your order, see your ticket and collect your winnings all using your phone or home computer. Jackpocket is the official digital lottery courier of the USA TODAY Network. Gannett may earn revenue for audience referrals to Jackpocket services. GAMBLING PROBLEM? CALL 1-800-GAMBLER, Call 877-8-HOPENY/text HOPENY (467369) (NY). 18+ (19+ in NE, 21+ in AZ). Physically present where Jackpocket operates. Jackpocket is not affiliated with any State Lottery. Eligibility Restrictions apply. Void where prohibited. Terms: This results page was generated automatically using information from TinBu and a template written and reviewed by an Arkansas editor. You can send feedback using this form. This article originally appeared on Fort Smith Times Record: Arkansas Lottery Cash 3, Cash 4 winning numbers for June 19, 2025
