Business UpdateJul 27, 2026, 05:31 PM
Vivakor Supply & Trading Exceeds $1B Annualized Crude Oil Activity
AI Summary
Vivakor's subsidiary, Vivakor Supply & Trading, has surpassed $1 billion in annualized physical crude oil commercial activity, driven by two new recurring purchase and sale transactions expected to generate an additional $384 million annually. The company also announced that its Houston Remediation Processing Center has fulfilled capital funding commitments and commenced commissioning activities. Separately, Vivakor converted approximately $2.25 million in convertible notes into 2,450,052 shares of common stock for various investors.
Key Highlights
- Vivakor Supply & Trading's annualized commercial activity now exceeds $1.09 billion.
- Two new crude oil programs add approximately $384 million in annualized activity.
- New programs increase marketed volume by 4.8 million barrels annually.
- Houston Remediation Processing Center commissioning activities have commenced.
- Approximately $2.25 million in convertible notes were converted into common stock.
- A total of 2,450,052 common shares were issued due to note conversions.
- The new crude oil programs are for a contract term from August 1, 2026 to July 31, 2027.
Price Impact
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