TPL, a century old land company, has become a new member of the S&P 500 due to the surge in its stock price caused by the artificial intelligence boom
阿豆学长长ov
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Texas Pacific Land Corporation (TPL), founded over 130 years ago, has recently benefited from the artificial intelligence boom, with its stock price rising over 14% on November 22 and nearly 210% for the year. TPL has been included in the S&P 500 index with a market value of nearly $40 billion. The company owns approximately 873000 acres of land, mainly concentrated in the Permian Basin, which is rich in oil and gas. Although it is not an oil and gas producer, it earns considerable profits through royalties.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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