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Bloomberg - Oil Companies Face Major Uncertainties in the Market! Mizuho's Sankey

Bloomberg - Oil Companies Face Major Uncertainties in the Market! Mizuho's Sankey

  • TV-G
  • 2019
  • 3mins
Oct.10 -- ConocoPhillips ramped up its dividend as the largest independent crude explorer seeks to rebuild its reputation as a cash cow after a damaging cut to payouts during the depths of the oil-market crash. The 38% increase in quarterly dividends announced Monday will mean more than $500 million in extra annual payouts to investors. Paul Sankey managing director and oil and gas analyst at Mizuho Securities talks with Bloomberg's Alix Steel about the health of oil companies amid uncertainty in the market.