EXCLUSIVE: Vivakor Strengthens Trading Operations With $72 Million Crude Oil Transaction

benzinga_article
2026.04.30 12:30
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Vivakor Inc. has secured a $72 million crude oil transaction through its trading platform, expected to run for 12 months. The deal includes $6 million in monthly crude volumes and supports the company's logistics and marketing strategy. Despite a 16% revenue rise to $104.4 million in 2025, Vivakor reported a net loss of $115.3 million due to a goodwill impairment. The company's focus on higher-margin logistics aims to enhance operational efficiency. Vivakor shares fell 3.49% to $2.21, near its 52-week low of $1.02.