Aramco keeps dividend, sees oil recovery
Net profit at Saudi Aramco (ARMCO) slumped 73% to 24.6B riyals ($6.57B) in the second quarter (vs. estimates of 31.3B riyals), as a plunge in energy demand - due to the coronavirus crisis - weighed on sales of the world's biggest oil producer. Aramco still maintained its Q2 dividend of $18.75B, unlike BP (NYSE:BP) and Royal Dutch Shell (RDS.A, RDS.B), which cut their dividends in recent months. "We are seeing a partial recovery in the energy market as countries around the world take steps to ease restrictions and reboot their economies," CEO Amin Nasser declared, helping put a floor under crude above $40/bbl.
https://seekingalpha.com/article/4366982...imulus-gap
Das wird wohl eine Art spannendes Wettrennen - Quo Vadis? Dividende: Geht XOM eher die Kohle aus für CAPEX und/oder Dividende oder hechelt sich WTI DAUERHAFT zu >=40$, wo XOMs break even point liegt?
Net profit at Saudi Aramco (ARMCO) slumped 73% to 24.6B riyals ($6.57B) in the second quarter (vs. estimates of 31.3B riyals), as a plunge in energy demand - due to the coronavirus crisis - weighed on sales of the world's biggest oil producer. Aramco still maintained its Q2 dividend of $18.75B, unlike BP (NYSE:BP) and Royal Dutch Shell (RDS.A, RDS.B), which cut their dividends in recent months. "We are seeing a partial recovery in the energy market as countries around the world take steps to ease restrictions and reboot their economies," CEO Amin Nasser declared, helping put a floor under crude above $40/bbl.
https://seekingalpha.com/article/4366982...imulus-gap
Das wird wohl eine Art spannendes Wettrennen - Quo Vadis? Dividende: Geht XOM eher die Kohle aus für CAPEX und/oder Dividende oder hechelt sich WTI DAUERHAFT zu >=40$, wo XOMs break even point liegt?
