Despite a depressed outlook for 2020, big oil remains committed to dividend payments as shareholders are prioritised, said data and analytics company GlobalData
Industry
Moody’s reaffirms APICORP Aa2 rating with stable outlook
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has announced that its ‘Aa2’ rating with a ‘stable’ outlook was reaffirmed by Moody’s Investor Service despite current economic and market shocks
May heralds even more disruption and uncertainty for petrochemicals
Nigel Davies, Insights Editor at ICIS, examines the potential for further disruption and uncertainty for the petrochemicals sector in May
Oil output dropped despite OPEC cuts
Oil prices fell on Monday as the market realised demand does not rebound as quick as supply needs to balance or even to keep storage from filling, despite the OPEC+ cuts
Shell dividend cut ‘sensible and prudent’, says WoodMac
Anglo-Dutch supermajor Shell has slashed its dividend by 66 per cent, the first time the company has cut cash distributions to shareholders since World War II
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