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Vivakor Unit Signs 4 Recurring Transactions Valued at $289.2 Million Annualized

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Vivakor (VIVK) said Tuesday its Vivakor Supply & Trading unit has signed four recurring physical crude oil purchase and sale transactions with two commercial counterparties for an estimated annualized commercial value of about $289.2 million.

The transactions start Aug. 1 and continue through July 31, 2027, with potential monthly renewals, according to a statement.

Vivakor said it now has recurring commercial programs representing about $709 million in annualized commercial activity and roughly 8.1 million barrels of annual marketed crude oil volumes.

Shares of Vivakor were up more than 374% in Tuesday trading.

Price: $8.21, Change: $+6.48, Percent Change: +374.57%

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