Shareholders prioritized as big oil’s first quarter earnings slump, says GlobalData

  • Date: 12-May-2020
  • Source: Arabian Industry
  • Sector:Oil & Gas
  • Country:UAE
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Shareholders prioritized as big oil’s first quarter earnings slump, says GlobalData

Earnings of major international oil and gas producing companies have suffered in the first quarter of 2020 resulting from weaker product demand and lower realised oil and gas prices.. Despite a depressed outlook for 2020, big oil remains committed to dividend payments as shareholders are prioritized, says GlobalData, a leading data and analytics company.. Royal Dutch Shell was the only company in the group to cut its dividend and is opting to prioritise ongoing investments and balance sheet strength instead..