Locator: 51318DIVIDENDS.
Before we get to the dividends, breaking news right now -- a cargo ship in the strait about 20nm north of Oman has been hit. WTI tonight: $80.90. Up slightly. The current windfall profits tax introduced in the US Senate back on March 1, 2026, can be tracked here. This seems like a no-brainer. [Fifteen minutes later: WTI is creeping up; it's now over $81.]
A windfall profits tax on US oil will likely result in:
- integrated companies like CVX will expand refining, decrease drilling;
- small oil companies will make economic decisions on whether to continue drilling at same rate;
- will get a lot of headlines but will not amount to much.
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Dividend Stocks
