- Profits Slump 67% At BP But Oil Major Maintains Dividend Despite Coronavirus Downturn, Apr 28
- ExxonMobil Follows BP In Maintaining Dividend But Shell Cuts As Oil Crash Bites, Apr 30
- Shell Cuts Dividend By 65% On ‘Prolonged’ Oil Market Uncertainty, Apr 30
- Oil Giant Total Maintains Dividend Despite ‘Exceptional’ 35% Plunge In Profits, May 5
- Oil Major Equinor Suspends 2020 Guidance Following 51% Slump In Earnings, May 7
- Saudi Aramco Keeps Record $18.75 Billion Dividend Payment Intact Despite Profits Slump, May 12
Some key themes to emerge were:
(1) Universal profit slumps, excepting Chevron which bucked wider quarterly trends,
(2) Around $60 billion in cost cuts instituted by the biggest 20 IOCs, and
(3) Shell's first dividend cut since the Second World War.
A more detailed summary for Forbes on what we can learn from Q1 2020 figures for is here. But that's all for the moment folks. Keep reading, keep it 'crude'!
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© Gaurav Sharma 2020.