Take BP and Shell for example. BP offers a prospective dividend yield in 2009 over 9 per cent, while Shell offers close to 7 per cent. And these payments look unlikely to be cut given they are based on the assumption of $60 a barrel oil.
Posts on ‘October 12th, 2008’
Tim Webb The Observer, Sunday October 12 2008 Oil prices fell on Friday to below $80 per barrel, a one-year low. But analysts expect Opec to cut production at its next meeting in December, if not before. Oil majors like Shell have also sunk billions of dollars into expensive projects like oil sands and giant [...]
The increasingly treacherous waters off the Horn of Africa are regularly used by Shell Oil, as well as by aid agencies shipping food.