Welcome to our dedicated page for CW PETROLEUM news (Ticker: CWPE), a resource for investors and traders seeking the latest updates and insights on CW PETROLEUM stock.
CW Petroleum Corp. is a leading supplier and distributor of biodiesel, biodiesel blends, ultra-low sulfur diesel, and gasoline blends across the United States. Headquartered in Katy, Texas, the company also provides freight services for fuel and chemical hauling, metered offloads/split drops, tote/drumming services, and railcar transloading services. Established in 2005, CW Petroleum Corp. is committed to delivering high-quality products and services to distributors and end-users.
CW Petroleum Corp (OTCQB: CWPE) has announced a significant reduction in its outstanding shares of common stock, decreasing from 122,445,898 to 22,445,898, representing an 81.66% reduction. This change was achieved through a share exchange transaction where CEO Christopher Williams exchanged 100,000,000 restricted shares of common stock for 1,000,000 shares of Series A Preferred Stock.
The company states that this move aims to improve its share structure, potentially enhancing access to growth capital and increasing market liquidity for its common stock. Mr. Williams noted that the company's revenues for the first nine months of 2024 were $6.27 million. The share exchange reflects Mr. Williams' previous ownership structure from 2022 and was initially implemented due to a potential capital raise and Nasdaq uplist in 2023, which did not materialize.
CW Petroleum Corp (OTCQB: CWPE), a provider of Specialty Renewable and Hydrocarbon Motor Fuels, has announced that Yahoo Finance and Apple Stocks App are displaying inaccurate daily trade data and price settlements for CWPE stock. The company has had multiple discussions with OTC Markets regarding this issue, but as of September 19, 2024, no resolution has been provided.
CWPE advises investors to refer to the OTCQB stock quote link for accurate information. The company has also provided additional links to accurate company information on the OTCQB Markets platform and the SEC's EDGAR filing website.
CW Petroleum Corp (OTCQB: CWPE) has released its unaudited financial results for the fiscal semiannual period ended June 30, 2024. The company, a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, reported revenues of approximately $4.0 million and an EBITDA of $109,508 for the six-month period. CEO Christopher Williams emphasized the company's continued strong quarterly revenues from sales of renewable and hydrocarbon motor fuels.
CWPE is actively seeking investment capital from investment banks and private equity to fund acquisition targets, aiming to expand its operations within Texas and other U.S. markets. Additionally, the company is searching for a Sole Book Runner to assist with an IPO and potential uplisting to the NYSE.
CW Petroleum Corp (CWPE), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, has been approved to list on the OTCQB Exchange as of June 5, 2024.
The company is actively seeking investment capital from investment banks and private equity to fund acquisitions and expand its operations within Texas and other U.S. markets. Additionally, CW Petroleum is searching for a Sole Book Runner to assist with a potential IPO and an up list to the NYSE.
For more information, visit cwpetroleumcorp.com or contact the company directly.
CW Petroleum Corp (CWPE) has submitted an application to list its security on the OTCQB Exchange, aiming to enhance exposure to investors and access to capital. The move aligns with the Company's goal of expanding its renewable and hydrocarbon motor fuels business in Texas and other U.S. markets.
CW Petroleum Corp (CWPE) reported its fiscal year ended 2023 profitability, showcasing significant revenue growth, gross margin improvement, and net income upsurge compared to the prior year. The company also disclosed its EBITDA figures and plans to seek growth capital for expansion and potential IPO listing.
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