Brace

Oil majors brace for dividend drought as sub-$70 crude bites

Oil majors brace for dividend drought as sub-$70 crude bites

Sub-$70 oil is squeezing margins, forcing Exxon, Chevron, and BP to rethink $100 billion in annual returns. Dividends to Dry Up as Sub-$70 Crude Squeezes Supermajors – Amidst fears of oversupply and tariff-impacted demand slowdown, global oil majors are widely expected to start cutting their shareholder payouts as sub-70 oil prices loom large over the

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Investors brace for oil price spike after U.S. bombs Iranian nuclear sites

Investors brace for oil price spike after U.S. bombs Iranian nuclear sites

Open this photo in gallery: People walk in front of television screens displaying U.S. President Donald Trump’s address to the nation, on Saturday. Eduardo Munoz/Reuters A U.S. attack on Iranian nuclear sites on Saturday could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and triggering a rush to

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