Chevron Upgrades Pasadena Refinery, Supports US Gulf Coast Fuel Supply Growth
Chevron's Refinery Upgrade: Chevron has completed a retrofit of its Pasadena, Texas refinery, enhancing product flexibility and increasing processing capacity for lighter crudes by nearly 15%, allowing for the processing of more Permian Basin crude.
Future Projections and Financials: The company plans to invest $14.5 billion-$15.5 billion in capital expenditures by 2025, focusing on U.S. upstream and carbon reduction projects, while also anticipating non-cash charges related to impairments and asset sales in the fourth quarter.
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Overview of ETFs: The article discusses the complexities of navigating the exchange-traded funds (ETFs) market, which can be overwhelming for investors.
Highlighted ETFs: TipRanks’ AI analyst has identified three standout ETFs that each have a potential upside of at least 10%.
Comparison Tool: A chart and summary are provided to help compare the highlighted ETFs against others in the market.
Additional Resources: The article encourages readers to explore further comparisons of other ETFs for more investment insights.
Monthly Income Distributions: Westwood Holdings Group announced monthly income distributions for its ETFs, MDST and WEEI, providing double-digit income rates of 10.1% and 12.7% respectively, through a combination of dividends and options premiums.
Fund Objectives and Performance: Both ETFs are actively managed to generate high monthly income and potential capital appreciation within the energy sector, with MDST focusing on midstream energy companies and WEEI offering broad exposure to various energy sectors.
Monthly Income Distributions: Westwood Holdings Group announced monthly income distributions for its ETFs, MDST and WEEI, which provide double-digit income through dividends and options premiums, with MDST offering a 10.1% annualized distribution rate and WEEI at 12.7%.
Fund Objectives and Performance: Both ETFs are actively managed to generate high monthly income and potential equity appreciation in the energy sector, with MDST focusing on midstream energy companies and WEEI providing broad exposure to various energy sectors.

Monthly Income Distributions: Westwood Holdings Group announced monthly income distributions for its ETFs, MDST and WEEI, providing double-digit annualized distribution rates of 10.2% and 12.8%, respectively, through a combination of dividends and options premiums.
Fund Performance and Strategy: Both ETFs are actively managed, focusing on generating high distributable monthly income from midstream and energy companies, with MDST launched in April 2024 and WEEI shortly after, each facing specific market risks associated with the energy sector.
Market Outlook: Bearish oil traders anticipate an oversupply of crude oil, but a portfolio manager suggests that natural declines in production from aging wells may counteract this expectation by tightening global inventories.
Production Trends: Despite major oil producers increasing output for the fifth consecutive month, the natural decline in oil well production could complicate efforts to oversupply the market.

Monthly Income Distributions: Westwood Holdings Group announced monthly income distributions for its ETFs, MDST and WEEI, which are providing double-digit income rates of 10.2% and 13.5%, respectively, through a combination of dividends and options premiums.
Investment Focus and Performance: Both ETFs focus on the energy sector, with MDST investing in midstream energy companies and WEEI offering broad exposure to various energy companies; they have shown positive performance since their inception, with net assets of $92 million and $16 million, respectively.







