ONEOK, Inc. (OKE)

US — Energy Sector
Peers: ET  FANG  LNG  TRGP  MPLX  OXY  IMO  TRP  SU 

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Key Metrics & Ratings

  • symbol OKE
  • Rev/Share 50.3253
  • Book/Share 35.3268
  • PB 2.0764
  • Debt/Equity 1.5274
  • CurrentRatio 0.9041
  • ROIC 0.0712

 

  • MktCap 46008873843.0
  • FreeCF/Share 8.1346
  • PFCF 9.0178
  • PE 13.7312
  • Debt/Assets 0.5063
  • DivYield 0.0564
  • ROE 0.1623

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 5
  • P/B Score 2
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade OKE Argus Hold Buy -- $79 Nov. 6, 2025
Resumed OKE Goldman -- Neutral -- $75 Sept. 30, 2025
Initiation OKE TD Cowen -- Hold -- $91 July 7, 2025
Resumed OKE Citigroup -- Buy -- $110 Feb. 28, 2025
Upgrade OKE Wolfe Research Peer Perform Outperform -- $110 Feb. 10, 2025
Resumed OKE Barclays -- Equal Weight -- -- Feb. 6, 2025
Initiation OKE Scotiabank -- Sector Outperform -- $109 Jan. 10, 2025
Downgrade OKE Wells Fargo Overweight Equal Weight -- $107 Dec. 18, 2024
Resumed OKE BofA Securities -- Buy -- $105 Oct. 17, 2024
Upgrade OKE Morgan Stanley Equal Weight Overweight $103 $111 Sept. 16, 2024

News

7%+ Yields: I Am Giving Thanks For My Favorite Black Friday Special
AMLP, BIZD, ENB, EPD, ET, GEL, KMI, MLPA, OKE, TRP, UTG, VNQ, WMB, XLU
Published: November 28, 2025 by: Seeking Alpha
Sentiment: Positive

I am thankful for many things this year. I am particularly thankful for my favorite Black Friday special from Mr. Market. I detail why I like this high-yielding bargain.

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image for news 7%+ Yields: I Am Giving Thanks For My Favorite Black Friday Special
8 'Safer' Dividend Buys In Barron's 23 Better November Bets Than T-Bills
BBB, BBY, BMY, CAG, EQR, KEY, KIM, KMI, LYB, MO, O, OKE, PFE, PM, RF, UDR, VZ
Published: November 28, 2025 by: Seeking Alpha
Sentiment: Positive

Eight of the top fifteen Barron's Better Bets (BBB) 'Safer' dividend stocks, including Conagra, Altria, and Verizon, are currently attractively priced for income investors. Analyst forecasts project net gains of 18.44% to 29.95% for the top ten BBB Dogs by November 2026, with an average estimated gain of 22.01%. Stocks are considered 'dogs' when their reliable dividends and lower prices result in higher yields; eight of the top ten are already at ideal pricing levels.

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image for news 8 'Safer' Dividend Buys In Barron's 23 Better November Bets Than T-Bills
Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 4% Dividend Yields
CVX, OKE, PDCO
Published: November 26, 2025 by: Benzinga
Sentiment: Positive

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

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image for news Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 4% Dividend Yields
Moving From TC Energy To The Next Higher Yield And Dividend Growth Bet: ONEOK
OKE, TRP
Published: November 20, 2025 by: Seeking Alpha
Sentiment: Neutral

TC Energy (TRP) and ONEOK (OKE) are midstream companies that have been moving in different directions in terms of their share prices, resulting in one becoming undervalued. Both names have enjoyed a long history of paying and growing their dividends, and being in the midstream space generally results in higher relative yields as well. While both may be attractive long-term bets, I have recently made a move on OKE and expect my TRP shares to be called away after writing covered calls.

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image for news Moving From TC Energy To The Next Higher Yield And Dividend Growth Bet: ONEOK
What Is The Market Missing About ONEOK Stock?
OKE
Published: November 20, 2025 by: Forbes
Sentiment: Neutral

ONEOK (OKE) is a major U.S. midstream operator, moving and processing natural gas liquids through a large, fee-based pipeline network that delivers steady cash flow. Despite its scale and stability, the stock hasn't kept pace, creating a potential disconnect between performance and valuation.

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image for news What Is The Market Missing About ONEOK Stock?
Is Oneok (OKE) a Buy as Wall Street Analysts Look Optimistic?
OKE
Published: November 20, 2025 by: Zacks Investment Research
Sentiment: Positive

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

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image for news Is Oneok (OKE) a Buy as Wall Street Analysts Look Optimistic?
The Energy Chart Nobody Is Paying Attention To, But It Could Change Everything
AMLP, BOTZ, EPD, ET, KMI, LNG, OKE, TRP, WMB, XLE
Published: November 17, 2025 by: Seeking Alpha
Sentiment: Positive

I share the one chart that is not getting nearly enough attention, given its immense implications for the world economy. This chart reveals a massive power shift that markets haven't priced in, and it could reshape the entire future of AI, manufacturing, and geopolitics. I detail how I am positioning my portfolio to take advantage of it.

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image for news The Energy Chart Nobody Is Paying Attention To, But It Could Change Everything
One Of The Best High-Yield Setups I've Ever Seen
AMLP, BEP, BEPC, CEG, CRAK, CWEN, ENB, EPD, ET, FCG, HASI, ICLN, NVDA, OKE, PLTR, TRP, USO, UTF, VST, WMB, XLE, XLK, XLU
Published: November 14, 2025 by: Seeking Alpha
Sentiment: Positive

There is a major market disconnect emerging in the midst of the AI boom. I discuss why this disconnect provides investors with one of the most attractive high-yielding investment opportunities I have ever seen with near-term catalysts. I also share some of my top picks to profit from this disconnect.

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image for news One Of The Best High-Yield Setups I've Ever Seen
Could ONEOK Stock Rally?
OKE
Published: November 06, 2025 by: Forbes
Sentiment: Positive

ONEOK (OKE) has recently drawn investor interest as energy infrastructure names regain momentum amid stable oil prices and rising U.S. natural gas demand. The company has strengthened its balance sheet, expanded its pipeline and processing footprint, and reaffirmed solid 2025 guidance—all while its stock remains well below prior highs.

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image for news Could ONEOK Stock Rally?
The More My Top Infrastructure Pick Drops, The More I Buy: ONEOK
OKE
Published: November 05, 2025 by: Seeking Alpha
Sentiment: Positive

Oneok is now my top infrastructure pick after the stock has dropped significantly recently. I give a review of its recently reported results, which came in strong with headline adjusted EBITDA up 7%. I also detail its strengths and risks to explain why I am buying shares aggressively right now.

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image for news The More My Top Infrastructure Pick Drops, The More I Buy: ONEOK
Dividend Harvesting Portfolio Week 243: $24,300 Allocated, $2,687.49 In Projected Dividends
CTO, MO, OKE, QQQI, VZ
Published: October 30, 2025 by: Seeking Alpha
Sentiment: Positive

The Dividend Harvesting Portfolio reached $31,778.58, generating $2,687.49 in forward annual dividend income and a 31.32% return on invested capital. I added to CTO Realty Growth, citing its 9.67% yield, discounted valuation, and strong fundamentals ahead of a likely Fed rate cut. Earnings season and potential Fed rate cuts could drive further gains, benefiting high-yield holdings and supporting a bullish outlook for the portfolio.

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image for news Dividend Harvesting Portfolio Week 243: $24,300 Allocated, $2,687.49 In Projected Dividends
10 Ideal 'Safer' Dividend Buys From 38 Of 68 October Graham Value All-Stars (GVAS)
BBVA, BMY, CMCSA, EOG, EPD, ET, HMC, ITUB, LX, MFC, MPLX, OKE, PFE, SU, T, TFC, UPS, VICI, VZ, WB, YRD
Published: October 30, 2025 by: Seeking Alpha
Sentiment: Positive

The article analyzes the top large-cap value (GASV) stocks using YCharts' Value Score and Ben Graham Formula to identify fair-priced, high-yield dividend opportunities. Ten of eighteen 'safer' lowest-priced GASV stocks, including ET, MPLX, YRD, VZ, BMY, TFC, T, SU, MFC, and BBVA, are considered buyable in October. Analyst projections suggest the top ten GASV stocks could deliver average net gains of 38.01% by October 2026, with Lexinfintech Holdings leading potential returns.

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image for news 10 Ideal 'Safer' Dividend Buys From 38 Of 68 October Graham Value All-Stars (GVAS)
Compared to Estimates, Oneok (OKE) Q3 Earnings: A Look at Key Metrics
OKE
Published: October 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Although the revenue and EPS for Oneok (OKE) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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image for news Compared to Estimates, Oneok (OKE) Q3 Earnings: A Look at Key Metrics
ONEOK, Inc. (OKE) Q3 2025 Earnings Call Transcript
OKE
Published: October 29, 2025 by: Seeking Alpha
Sentiment: Neutral

ONEOK, Inc. ( OKE ) Q3 2025 Earnings Call October 29, 2025 11:00 AM EDT Company Participants Megan Patterson Pierce Norton - President, CEO & Director Walter Hulse - CFO, Treasurer and Executive VP of Investor Relations & Corporate Development Sheridan Swords - Executive VP & Chief Commercial Officer Conference Call Participants Vrathan Reddy - JPMorgan Chase & Co, Research Division Michael Blum - Wells Fargo Securities, LLC, Research Division Spiro Dounis - Citigroup Inc. Exchange Research Theresa Chen - Barclays Bank PLC, Research Division Jean Ann Salisbury - BofA Securities, Research Division Manav Gupta - UBS Investment Bank, Research …

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image for news ONEOK, Inc. (OKE) Q3 2025 Earnings Call Transcript
ONEOK Delivers Record Results, Primed For Rebound (Rating Upgrade)
OKE
Published: October 29, 2025 by: Seeking Alpha
Sentiment: Positive

ONEOK, Inc. is upgraded to Strong Buy after delivering record quarterly earnings and strong execution on recent acquisitions. OKE's diversified strategy, increased volumes, and exposure to U.S. LNG export growth position it for robust EBITDA and EPS growth through 2026. Despite elevated leverage, management expects to reach its target debt ratio by 2026, supported by strong cash flow and $250M in deal synergies.

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image for news ONEOK Delivers Record Results, Primed For Rebound (Rating Upgrade)
Oneok Inc. (OKE) Stock Drops Despite Market Gains: Important Facts to Note
OKE
Published: October 24, 2025 by: Zacks Investment Research
Sentiment: Neutral

In the closing of the recent trading day, Oneok Inc. (OKE) stood at $68.61, denoting a -1.65% move from the preceding trading day.

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image for news Oneok Inc. (OKE) Stock Drops Despite Market Gains: Important Facts to Note
ONEOK Set to Report Q3 Earnings: Here's What You Need to Know
OKE
Published: October 24, 2025 by: Zacks Investment Research
Sentiment: Positive

OKE's third-quarter results may reflect gains from pipeline expansions, acquisitions and fee-based revenues despite higher depreciation costs.

Read More
image for news ONEOK Set to Report Q3 Earnings: Here's What You Need to Know
What Analyst Projections for Key Metrics Reveal About Oneok (OKE) Q3 Earnings
OKE
Published: October 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Oneok (OKE), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2025.

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image for news What Analyst Projections for Key Metrics Reveal About Oneok (OKE) Q3 Earnings
Retirees: These 2 Dividend Stocks Could Pay Reliable Income for Years
O, OKE
Published: October 20, 2025 by: The Motley Fool
Sentiment: Positive

A stable income stream is the cornerstone of a worry-free retirement. By receiving reliable payments, retirees can focus on enjoying life rather than stressing over expenses.

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image for news Retirees: These 2 Dividend Stocks Could Pay Reliable Income for Years
Dividend Harvesting Portfolio Week 239: $23,900 Allocated, $2,615.21 In Projected Dividends
ENB, MO, O, OKE, QDTE
Published: October 03, 2025 by: Seeking Alpha
Sentiment: Positive

The Dividend Harvesting Portfolio saw a -1.91% decline this week, but remains up 32.7% on invested capital with strong forward dividend growth. Despite market volatility and government shutdown, I remain focused on compounding dividend income, projecting $2,615.21 annual income and aiming for $2,700 by 2026. Added to positions in ONEOK for its 5.65% yield and energy exposure, and Roundhill Innovation 100 0DTE Covered Call Strategy ETF for high weekly income.

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image for news Dividend Harvesting Portfolio Week 239: $23,900 Allocated, $2,615.21 In Projected Dividends
ONEOK, Inc. (OKE) Presents at 2025 Wolfe Research Utilities, Midstream & Clean Energy Conference Transcript
OKE
Published: October 03, 2025 by: Seeking Alpha
Sentiment: Neutral

ONEOK, Inc. (NYSE:OKE ) 2025 Wolfe Research Utilities, Midstream & Clean Energy Conference September 30, 2025 1:25 PM EDT Company Participants Pierce Norton - President, CEO & Director Walter Hulse - CFO, Treasurer and Executive VP of Investor Relations & Corporate Development Sheridan Swords - Executive VP & Chief Commercial Officer Conference Call Participants Keith Stanley - Wolfe Research, LLC Presentation Keith Stanley Wolfe Research, LLC Hello again, everybody. For those who don't know me, I'm Keith Stanley, I run our midstream group here at Wolfe Research and very happy to have ONEOK senior management with us as well today.

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image for news ONEOK, Inc. (OKE) Presents at 2025 Wolfe Research Utilities, Midstream & Clean Energy Conference Transcript
7 Ideal "Safer" Dividend Buys From 61 September Graham Value All-Stars (GVAS)
BBVA, BMY, CMCSA, E, EPD, ET, MFC, MO, MPLX, MRK, OKE, PFE, TGT, TM, TTE, UPS, VZ, YRD
Published: September 30, 2025 by: Seeking Alpha
Sentiment: Positive

The article analyzes Large Cap Value (GASV) stocks using YCharts' Value Score and the Ben Graham Formula to identify fair-priced, high-yield dividend opportunities. Seven of fourteen 'safer' lowest-priced GASV Dogs—ET, MPLX, YRD, VZ, BMY, BBVA, and MFC—are highlighted as buyable for September 2025. Top ten GASV stocks are projected by analysts to deliver average net gains of 26.84% by September 2026, with Energy Transfer (ET) leading at 35.43%.

Read More
image for news 7 Ideal "Safer" Dividend Buys From 61 September Graham Value All-Stars (GVAS)
Oneok Inc. (OKE) Stock Slides as Market Rises: Facts to Know Before You Trade
OKE
Published: September 29, 2025 by: Zacks Investment Research
Sentiment: Negative

Oneok Inc. (OKE) closed the most recent trading day at $73.1, moving 1.07% from the previous trading session.

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image for news Oneok Inc. (OKE) Stock Slides as Market Rises: Facts to Know Before You Trade
ONEOK: Strong Yield, Resilient Growth, AI Catalyst
OKE
Published: September 29, 2025 by: Seeking Alpha
Sentiment: Positive

ONEOK is a leading midstream energy company with strong EBITDA growth, driven by recent transformative acquisitions and a vast pipeline network. OKE is set to benefit from surging U.S. Data Center demand, fueled by AI adoption, which is expected to drive long-term energy infrastructure growth and organic EBITDA expansion. Natural gas-driven expansion is boosting EBITDA growth and with strong demand fundamentals in place, ONEOK is in a position to expand with further pipeline acquisitions.

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image for news ONEOK: Strong Yield, Resilient Growth, AI Catalyst
ONEOK: Buy This Toll-Road-Like Income While It's Cheap
OKE
Published: September 22, 2025 by: Seeking Alpha
Sentiment: Positive

ONEOK is a leading North American midstream operator offering a 5.8% dividend yield and trading near its 52-week low. OKE's fee-based business model, diversified assets, and recent acquisitions support resilient cash flows and strong EBITDA growth. OKE is making progress on deleveraging, integrating Magellan and EnLink assets, and capitalizing on LNG demand and project expansions.

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image for news ONEOK: Buy This Toll-Road-Like Income While It's Cheap
September's 5 Dividend Growth Stocks With Yields Up To 6%
CNQ, ENB, HASI, OKE, PBA, TRP
Published: September 18, 2025 by: Seeking Alpha
Sentiment: Positive

Dividend growth stocks offer stable, growing income and potential capital appreciation, making them ideal choices for long-term investors. Every month, we screen for potential opportunities that include processing for dividend safety, growth, and consistency, then narrow the field to those that also offer relatively higher yields. The higher yields can sometimes help to highlight potential names that have simply sold off and are undervalued, though, as an initial screen, further due diligence is always necessary.

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image for news September's 5 Dividend Growth Stocks With Yields Up To 6%
Before You Invest Another Penny, Check Out These 2 Dividend Gems
CME, OKE
Published: September 17, 2025 by: Seeking Alpha
Sentiment: Positive

The market looks fragile with high valuations, inflation, and job weakness, yet I see standout opportunities worth acting on now. I've identified two dividend stocks with wide moats, strong models, and valuations that could fuel double-digit returns ahead. In uncertain times, I focus on durable, income-rich investments. These two are my strongest conviction picks for what's next.

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image for news Before You Invest Another Penny, Check Out These 2 Dividend Gems
Meet 16 Ideal "Safer" September Dividend Dogs Of The S&P500
AMCR, ARE, BMY, CAG, CPB, D, DOC, DOW, EIX, ES, FRT, HBAN, HPQ, HRL, IPG, IVZ, KEY, KIM, KVUE, LYB, MO, NVDA, OKE, PFE, RF
Published: September 12, 2025 by: Seeking Alpha
Sentiment: Positive

Sixteen of the thirty-eight highest-yield, 'safer' S&P 500 dividend stocks are highlighted as ready to buy, with adequate free cash flow supporting payouts. Analyst forecasts suggest top ten S&P 500 dividend 'dogs' could deliver 20.45% to 38.5% net gains by September 2026, with an average gain of 27.35%. Stocks like Amcor, Healthpeak, Conagra, Pfizer, and Verizon offer the best combination of high yield and low price, following the O'Higgins 'Dogs of the Dow' strategy.

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image for news Meet 16 Ideal "Safer" September Dividend Dogs Of The S&P500
Energy Transfer vs. ONEOK: Which Stock Has More Upside Now?
ET, OKE
Published: August 29, 2025 by: Zacks Investment Research
Sentiment: Positive

Energy Transfer and ONEOK continue to strengthen their midstream operation in North America to provide reliable services to their customers.

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image for news Energy Transfer vs. ONEOK: Which Stock Has More Upside Now?
Undercovered Dozen: Precigen, ONEOK, Bitmine And More
BMNR, OKE, PGEN
Published: August 22, 2025 by: Seeking Alpha
Sentiment: Positive

This week's Undercovered Dozen highlights 12 lesser-known stocks and ETFs with compelling investment theses and recent catalysts. Standouts include CGDV's market-beating performance, DIVO's retirement risk management, and ONEOK's undervaluation and growth prospects. Speculative opportunities like Viking Therapeutics and Gorilla Technology offer high risk/reward, while Canadian Natural Resources and Rheinmetall present strong value and growth.

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image for news Undercovered Dozen: Precigen, ONEOK, Bitmine And More

About ONEOK, Inc. (OKE)

  • IPO Date 1980-10-01
  • Website https://www.oneok.com
  • Industry Oil & Gas Midstream
  • CEO Pierce H. Norton II
  • Employees 5177

ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also gathers, treats, fractionates, and transports natural gas liquids (NGL), as well as stores, markets, and distributes NGL products. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Kansas, Missouri, Nebraska, Iowa, and Illinois; and NGL distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. In addition, it operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space. It operates 17,500 miles of natural gas gathering pipelines; 1,500 miles of FERC-regulated interstate natural gas pipelines; 5,100 miles of state-regulated intrastate transmission pipeline; six NGL storage facilities; and eight NGL product terminals. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; propane distributors; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution and electric generation companies, producers, processors, and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.