Top Energy Stocks To Watch For 2023

Chevron Corporation (CVX Quick QuoteCVX ) and renewable energy firm Gevo, Inc. have signed a letter of intent to jointly invest in the construction and operation of one or more new facilities to turn inedible corn into sustainable aviation fuel (SAF), thereby lowering the lifecycle carbon intensity of aviation fuels.

Proteins and corn oil will also be produced at the new plants. Chevron will have the right to offtake about 150 million gallons per year to market to customers besides co-investing with Gevo in one or more projects.

Energy companies are under immense pressure to find new lines of business as investors and activists keep pushing for addressing climate-change issues. The entire energy sector is gearing up for a tremendous change in renewable energy resources for powering all industrial fields as temperatures are rising worldwide due to emission of greenhouse gases.

The majority of oil and gas supermajors including BP plc (BP Quick QuoteBP ) and Royal Dutch Shell (RDS.A Quick QuoteRDS.A ) , Equinor promised to become net-zero energy firms by 2050 and heavily invest in renewable and low-carbon energy alternatives.

Top Energy Stocks To Watch For 2023: Hawaiian Holdings, Inc.(HA)

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. It offers daily services on North America routes between the state of Hawaii and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Phoenix, Arizona; Portland, Oregon; and Seattle, Washington, as well as daily services on its neighbor island routes among the four major islands of the state of Hawaii. The company also provides daily services on its international routes between the state of Hawaii and Sydney, Australia; and Tokyo and Osaka, Japan. In addition, it offers scheduled services between the state of Hawaii, and New York City, New York; and scheduled services on its international routes between the State of Hawaii and Pago Pago, American Samoa; Papeete, Tahiti; Brisbane, Australia; Auckland, New Zealand; Sapporo and Sendai, Japan; Seoul, South Korea; and Beijing, China, as well as other ad hoc charter services. Hawaiian Holdings, Inc. markets its tickets through various distribution channels, including its Website for North America and Neighbor Island route customers, as well as through travel agencies and wholesale distributors for its International routes customers. As of December 31, 2014, the company’s fleet consisted of 18 Boeing 717-200 aircraft for the Neighbor Island routes; 10 Boeing 767-300 aircraft; and 19 Airbus A330-200 aircraft for the North America, international, and charter routes, as well as 3 ATR42 turboprop aircraft. Hawaiian Holdings, Inc. was founded in 1929 and is headquartered in Honolulu, Hawaii.

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