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2015-11-05 19:45:00

EUROPE PAYS $8 BLN

EUROPE PAYS $8 BLN

In a record downturn for the oil industry, cash is everything to companies and dividends are everything to their investors. One tool is helping Europe's three biggest producers preserve both, but there's a long-term price to pay.

Royal Dutch Shell Plc, Total SA and BP Plc will retain $8 billion a year in cash by giving investors the option of receiving payouts in shares instead, according to Jean-Pierre Dmirdjian, an analyst at Liberum Capital Ltd. That's equivalent to about 8.5 percent of total cash and equivalents currently on their books, making the so-called scrip dividend a vital tool as companies curb spending to ride out the slump in oil prices.

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Tags: EUROPE, OIL, SHELL, TOTAL, BP
Chronicle:
EUROPE PAYS $8 BLN
2020, September, 29, 12:30:00
ELECTRICITY MARKET MODERNIZATION
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EUROPE PAYS $8 BLN
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EUROPE'S INDEX DOWN
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EUROPE PAYS $8 BLN
2020, September, 28, 12:10:00
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EUROPE PAYS $8 BLN
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ТРАНСФОРМАЦИЯ МИРОВОЙ ЭНЕРГЕТИКИ
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EUROPE PAYS $8 BLN
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NORD STREAM 2 BLOCKING
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EUROPE PAYS $8 BLN
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NORWAY'S OIL & GAS PRODUCTION 1.722 MBD
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