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3 months ago

Version History

Version 23 months ago

What changed: Added specific monthly trading volume figures ($6.00 million) for the new oil deal and included CEO James Ballengee's commentary on the Nasdaq uplisting milestone.

Version 13 months ago

What changed: Updated the story to include the execution of a new $72 million oil transaction and the expansion of the trading division amid rising oil prices.

StocksUpdated×2•Originally published 28 April 2026•Updated 30 April 2026•

1 min read

Vivakor Secures $72 Million Oil Transaction and Expands Trading as Oil Surpasses $100

Key Facts

1Vivakor reported revenue of $104.4 million for the full year 2025, representing a 16% year-over-year increase.

2The company successfully reduced its total liabilities by $50 million during the reported period.

Vivakor, Inc. has announced a significant $72 million crude oil transaction to be executed over 12 months, adding approximately $6.00 million in monthly trading volume via its VST platform. CEO James Ballengee stated that the company's recent uplisting to the Nasdaq Capital Market represents a significant milestone for the firm's growth strategy. This development follows a strong fiscal 2025 where revenue grew 16% to $104.4 million, alongside a $50 million reduction in total liabilities. The company is aggressively expanding its trading division as global oil prices surge above $100 per barrel, increasing activity across major U.S. basins. Management aims to leverage this high-price environment and its new Nasdaq status to drive operational efficiency. Analysts view the monthly volume boost from the new deal as a pivotal step in strengthening Vivakor's market position and forward-looking revenue streams.

Sources:

globenewswire.com

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