A Chevron Corporation CVX and Brightmark Fund Holdings joint venture (JV), Brightmark RNG Holdings LLC, recently announced that it has achieved a major milestone by delivering the first gas at 10 renewable natural gas (RNG) projects across the Midwest.
With the completion of this milestone, Brightmark RNG Holdings now owns and operates 15 RNG projects in the Midwest and has become one of the leading dairy RNG providers in the United States.
Brightmark’s RNG projects use anaerobic digestion technology, which converts organic waste from farms into RNG. This process not only captures harmful methane emissions but also provides a renewable energy source for transportation fuel. Brightmark’s RNG efforts have reduced more than 1.2 million tons of CO???eq emissions, equivalent to planting nearly 20 million trees and nurturing them for a decade.
The RNG projects help reduce methane emissions, which results in economic development in the local communities. The success of the RNG projects highlights the potential that natural gas carries and encourages new opportunities for transport, industry and consumers.
The farm owners are also happy to implement these projects as they help reduce waste while generating additional revenues and lowering carbon intensit.
California-based Chevron is one of the largest publicly traded oil and gas companies in the world, with operations that span almost every corner of the globe.Currently, CVX has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at top-ranked stocks like ARC Resources Ltd. AETUF, Gulfport Energy Corporation GPOR and YPF Sociedad Anónima YPF.ARC Resources, Gulfport Energy and YPF Sociedad Anónima currently sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Calgary, Canada-based ARC Resources is engaged in the exploration, acquisition and development of oil and natural gas properties. AETUF’s expected EPS growth rate for next year is 50.78%, which aligns favorably with the industry growth rate of 10.50%.
Gulfport Energy is an independent natural gas and oil company focused on the exploration and development of natural gas and oil properties in North America. The Zacks Consensus Estimate for GPOR’s 2024 earnings indicates 108.53% year-over-year growth.
YPF Sociedad Anonima is an international energy company based on the integrated business of hydrocarbons. The Zacks Consensus Estimate for YPF’s 2024 earnings indicates 50.59% year-over-year growth.
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
Chevron Corporation (CVX) : Free Stock Analysis Report
YPF Sociedad Anonima (YPF) : Free Stock Analysis Report
Gulfport Energy Corporation (GPOR) : Free Stock Analysis Report
Arc Resources Ltd. (AETUF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。