Costco has restricted member purchases of motor oil to two units per week and increased prices significantly, with its Kirkland Signature synthetic motor oil now priced at $57.99 for a two-pack, up from around $30. This move comes as crude oil prices surge due to ongoing conflict in the Middle East, including Saudi Arabia's closure of a key oil pipeline after drone attacks. The supply of motor oil is further constrained because refiners prioritize fuel production over base oils used in synthetic motor oil. These supply pressures have also pushed U.S. gasoline and diesel prices to record highs, impacting consumers and the broader market.
Costco Wholesale Corporation shares are trading at USD 918.54, up 1.52% as of September 15, 2026, 04:41 WIB, reflecting steady investor interest despite recent price hikes on motor oil products. The company holds a market cap of $401.25 billion and a dividend yield of 0.65%, indicating strong market positioning in the consumer staples sector. These figures provide context to Costco's strategic pricing adjustments amid supply chain challenges highlighted in the news.
Costco Wholesale Corporation announced a quarterly cash dividend of $1.47 per share, payable on November 13, 2026, to shareholders of record as of October 30, 2026. This dividend reflects Costco's ongoing commitment to returning value to shareholders...
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