Vivakor Inc. (NASDAQ:VIVK) saw its stock rise 2% on Thursday after announcing its first-ever international fuel transaction, marking the company’s entry into the Mexican refined products market.
The deal was arranged through Vivakor’s Vivakor Supply & Trading (VST) platform and represents the firm’s initial step into cross-border refined fuel markets. Until now, Vivakor had primarily operated within the U.S. in crude oil and LPG-related services, making the agreement a meaningful expansion of its commercial footprint.
“This agreement for a fuel transaction into Mexico is a major milestone for Vivakor Supply & Trading and a strong validation of our enhanced compliance and importation structure,” said James Ballengee, Vivakor’s Chairman and Chief Executive Officer.
According to the company, revenue from the transaction will be recognized once the deal is executed and will reflect VST’s intermediary role within the supply chain. The final financial impact will depend on factors such as market dynamics, the specifics of the transaction framework, and the operational tasks VST performs.
Vivakor framed the agreement as part of a broader push into international markets, supported by its strengthened regulatory processes and integrated midstream infrastructure. The company also highlighted the establishment of specialized trading capabilities designed to ensure compliant and fully auditable global operations.
The Nasdaq-listed firm provides transportation, storage, reuse, and remediation services across the energy industry. Vivakor said the new arrangement positions it to pursue additional expansion opportunities within North America’s evolving energy supply chain.