Oil Majors Brace for Dividend Drought as Sub-$70 Crude Bites

Sub-$70 oil is squeezing margins, forcing Exxon, Chevron, and BP to rethink $100 billion in annual returns. Dividends to Dry Up as Sub-$70 Crude Squeezes Supermajors - Amidst fears of oversupply and tariff-impacted demand slowdown, global oil majors are widely expected to start cutting their shareholder payouts as sub-70 oil prices loom large over the horizon.- Most majors need oil prices above $80 per barrel to sustain current levels of dividends and share buybacks, with France’s TotalEnergies already flagging that it will reduce buybacks…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com