Sachem Ekes up on Dividend

Sachem Capital Corp. (SACH) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 Earnings Release - Second Quarter 2026 SACHEM CAPITAL REPORTS SECOND QUARTER 2026 RESULTS – Provides Update on Pending Asset Contribution Transaction with Industrial Realty Group (IRG) – – Significant Leases Signed by IRG Representing 9.3 Million Square Feet – BRANFO

Chevron (CVX) signed a deal to expand operations in Venezuela, aiming to double output to 600,000 barrels per day by 2028. CEO Mike Wirth credited the company's long-term strategy for the opportunity, highlighting its resilience during political and economic instability. Chevron plans to invest over $7 billion, with production costs estimated below $20 per barrel. ExxonMobil (XOM) and ConocoPhillips (COP) left Venezuela in 2007 but are now evaluating re-entry.

PG&E plans to reduce spending by $2B on energy and housing projects by 2027, citing financial pressures. California lawmakers express concern, as this may impact wildfire prevention and infrastructure. The company, along with other utilities, has been lobbying to shift wildfire costs to insurance companies, but no action was taken in the recent legislative session.

Uber invested $100m in Atoms, a company founded by former Uber CEO Travis Kalanick. Atoms hired Anthony Levandowski, who was previously involved in a trade secrets lawsuit between Uber and Google. Atoms denies plans to enter the robotaxi market but acknowledges a partnership with Uber. The investment is part of Uber's broader strategy in autonomous vehicle technology.

FirstCash Holdings (FCFS) amended its credit facility, increasing it from $700M to $1.06B and extending maturity to 2031. The changes allow for more acquisitions, dividends, and share repurchases, signaling lender confidence. Analysts note the higher leverage could impact returns if earnings slow.

Nscale, a British AI cloud computing firm, is negotiating to raise up to $3.5B ahead of a U.S. IPO. Nvidia (NVDA) is expected to supply $2B of that financing, making it a major shareholder. Nscale has a $45B contract with Anthropic, which Microsoft and Google previously considered but declined. Nscale's backlog doubled to $103B, largely due to the Anthropic deal. The company was valued at $14.6B in March and aims for a $30B valuation in the new round.