A weaker crude price environment is expected to put the industry’s generous shareholder payouts at serious risk over the coming months.
Energy supermajors are being forced to confront some tough choices in a weaker crude price environment, with generous shareholder payouts expected to come under serious pressure over the coming months.
U.S. and European oil majors, including Exxon Mobil
, Chevron
, Shell
and BP
A weaker crude price environment has ramped up the pressure on Big Oil’s commitment to allocating cash to shareholders.
The results come as lower oil prices force European energy majors to confront some tough choices this earnings season.
The oil giant also suspends its share buyback programme ahead of the arrival of its new boss.
Energy company also under pressure from worse oil trading performance and weaker oil prices
Exxon Mobil on Friday reported third quarter earnings that fell year over year, as oil prices tumbled due in large part to OPEC+…
Shell, BP and peers widely expected to rein in buybacks to protect balance sheets in face of lower oil prices
