Big Oil Holds Steady on Dividends Despite Oil Price Slump

Big Oil Holds Steady on Dividends Despite Oil Price Slump

The world’s biggest international oil and gas firms are sticking to their dividend distribution policies as most met or exceeded analyst expectations of first-quarter profits. BP and Chevron reduced the pace of their share buybacks for the second quarter, but the others, Exxon, Shell, and TotalEnergies, maintained their guidance on repurchases despite the slump in oil prices at the start of the second quarter. All five Big Oil firms touted their…

Big Oil in Business as Usual Mode Despite Nearing Storm: Bousso - Energy News, Top Headlines, Commentaries, Features & Events

By Ron Bousso Summary Oil majors warn of worsening global economic conditions Yet most stick to large shareholder return programmes And are borrowing more in order to pay for their expenses (Reuters) – Top oil and gas companies are watching the worsening global economic outlook with trepidation, but they currently appear to be doing little ...