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Opec keeps pumping, hiking dividend pressure on BP and Shell

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Screen Shot 2015-12-07 at 15.55.08The Opec cartel of oil producers isn’t allowing any let-up in supply, keeping prices low and placing more pressure on BP and Shell’s dividends. 

by Daniel Grote, Margaryta Kirakosian on Dec 07, 2015

‘BP and Shell are important dividend paying companies, but with revenues low dividend cuts might be on the cards,’ said Laird.

‘Sustained, further oil price declines could raise further questions over the fat dividend yields offered by BP and Shell…

Shell hasn’t cut its dividend since the Second World War and a number of high-profile fund managers have backed it to ride out the subdued oil price.

FULL ARTICLE

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