Vivakor announced that its subsidiary Vivakor Supply & Trading has entered new 12-month crude oil purchase and sale transactions, adding 2.4 million barrels of annual sales volume and pushing the company toward $2 billion in annualized commercial activity. The agreements, which involve selling 200,000 barrels of West Texas Intermediate crude per month, are set to run from September 1, 2026 through August 31, 2027. Chairman and CEO James Ballengee stated that the company is rapidly approaching the $2 billion milestone and expects continued momentum. Vivakor noted that as an intermediary, it will recognize only a small percentage of the total contract value as gross profit.
Vivakor IncNew 12-month crude oil purchase and sale agreements add 2.4 million barrels of annual sales volume, boosting commercial activity toward $2 billion.
