Shell cuts dividend for first time since WWII as oil crisis bites - Business Insider

the closer contracts moves towards expiry.

"Whilst BP chose to absorb a $6bn rise in net debt to $51bn and gearing above 36x in order to preserve its precious dividend, Shell seems to be taking a more prudent approach in cutting its dividend for the first time since the 1940s. "Our industry has been hit by supply and demand shocks on a scale never seen before," Bernard Looney, BP's CEO, Bank of America says an under-the-radar gauge of volatility is warning that the bear market is not over — and shares 2 cheap trades to protect against the next drop

😟

Fuck! ⭐️

Ahtisham_00

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe stocks rise at the open; Royal Dutch Shell lower after first dividend cut since second world warThe rally in European stocks continued on Thursday, with the Stoxx Europe 600 undefined up 0.5% in early action. The gains come on optimism over medical...
Source: MarketWatch - 🏆 3. / 97 Read more »