ONEOK

-7.66%

ONEOK is a Fortune 500 energy company that provides natural gas gathering, processing, storage, and transportation services. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma. ONEOK operates through two primary business segments: ONEOK Partners and Natural Gas Distribution.
ONEOK Partners is a subsidiary of ONEOK and provides midstream services such as gathering, processing, storage, and transportation of natural gas and natural gas liquids (NGLs). This segment operates in several states including Oklahoma, Texas, Kansas, and North Dakota.
The Natural Gas Distribution segment provides regulated natural gas distribution services to residential, commercial, and industrial customers in Oklahoma, Kansas, and Texas.
The company also has several other subsidiaries that focus on marketing, energy services, and pipelines.
ONEOK is committed to sustainable practices and has set a goal to reduce its greenhouse gas emissions by 50% by 2030. The company is also involved in various community initiatives and has donated over $71 million to charitable organizations since 2012.
ONEOK is traded on the New York Stock Exchange under the ticker symbol "OKE" and is included in the S&P 500 index. As of 2021, the company has a market capitalization of over $27 billion.

1. Strong Market Position: ONEOK is one of the largest diversified energy companies in the United States. It is a leader in the natural gas liquids (NGL) and gathering and processing sectors, with significant assets across key shale plays in the US.
2. Focus on Midstream Infrastructure: ONEOK has a strong focus on midstream infrastructure, with an extensive network of pipelines, storage, and processing facilities. This allows the company to efficiently transport and process natural gas and NGLs from production areas to end markets.
3. Diversified Business Segments: ONEOK's operations are divided into three segments – natural gas liquids, gathering and processing, and pipeline and storage – providing a diverse revenue stream and reducing risk.
4. Geographic Diversity: ONEOK operates in some of the most prolific and attractive producing areas in the US, including the Mid-Continent, Rocky Mountains, and Permian Basin, providing geographic diversity and access to different markets.
5. Strong Financial Performance: ONEOK has a strong financial track record, with consistent earnings growth and high cash flow generating capabilities. This has allowed the company to maintain a healthy balance sheet and provide attractive returns to its shareholders.
6. Commitment to Sustainability: ONEOK is committed to sustainable business practices and has set ambitious goals to reduce its environmental footprint and promote social responsibility.
7. Experienced Management Team: ONEOK has a highly experienced management team with a deep understanding of the energy industry and a proven track record of successful execution and growth.
8. Strong Relationships: ONEOK has established strong relationships with customers, suppliers, and stakeholders, which has helped the company to maintain a competitive edge in the market.
9. Investing in Growth: ONEOK continues to invest in growth projects, which will support future earnings growth and provide growth opportunities for shareholders.
10. Strong Corporate Culture: The company has a strong corporate culture that values diversity, inclusivity, and collaboration, fostering a positive work environment for its employees.