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However, its stock is down 4% over the past month. This can be attributed primarily to volatility in oil prices as the Organization of the Petroleum Exporting Countries and other producers, including Russia—collectively known as OPEC+—reached an agreement to boost oil supply to cool oil prices and meet rising demand.
Although KMI’s diversified portfolio and its plans to acquire a leading supplier of liquefied natural gas in the Midwest should help it stand out in the energy market, concerns related to the spread of the COVID-19 Delta variant and its potential reduce energy demand could cause KMI’s shares to retreat in the near term.
