Malaysia’s national energy company Petronas is considering selling some of its oil assets to bolster its finances as the federal government seeks a bigger dividend and to help streamline its business for the energy transition. Overseas assets in Africa, Middle East and Southeast Asia could be put up for sale.
Energy giant BP was back in the black in the first half of 2021 after shaking off the ill effects of last year’s hefty write-downs.
Shell hoisted its dividend and kicked off a $2 billion share buyback programme today, emboldened by a return to the black in the first half of 2021.
i3 Energy, headquartered in Aberdeenshire, has declared its first dividend of 16 pence per share.
Exxon Mobil said proposals put forth by an activist investor pushing for changes at the oil giant threaten future cash flows and the sustainability of its dividend.
Exxon Mobil Corp. kept the S&P 500 Index’s third-largest dividend after this year’s rally in commodity prices eased analysts’ fears that the payout was becoming unaffordable.
Cairn Energy will return £188 million to shareholders following completion of the sale of its Senegalese assets to Woodside.
BP has cut its dividend in half in a bid to free up cash for its push to become an “integrated energy company”.
Serica Energy has announced its maiden dividend to “reward shareholders” despite the challenges of Covid-19.
Energy giant BP is ”getting to grips” with a slump in the value of its offshore assets, with some now worth nothing at all, an industry expert said last night.
Shell cut its dividend for the first time since World War Two yesterday in an move that further highlights the severity of the latest oil sector downturn.
Shell has opted to cut its dividend by two-thirds in response to the recent slump in oil prices and “significant” mid and long-term market uncertainty.
Equinor ASA, Norway’s biggest oil company, cut its dividend by two thirds as it grapples with an historic rout in the crude market.
Even with oil prices having slumped, Saudi Aramco said it still intends to give at least $75 billion to shareholders this year.
Petronas has warned it may need to borrow or tap into reserves to meet its dividend this year and fund reduced spending.