dividend – Page 2 – Oil & Gas 360

Chevron CEO says the dividend is the company’s No. 1 priority and is ‘very secure’

March 24, 2020

CNBC Chevron shares surged Tuesday after the company announced cost-cutting measures, but promised not to slash its dividend despite mounting pressure from falling crude prices. “Our dividend is our number one priority and it’s very secure,” Chevron CEO Michael Wirth said Tuesday on CNBC’s “Squawk Box.” “We’re taking actions to preserve cash. It will have some impact on production in the near

BP says no decision yet on 2019 dividend hike

October 30, 2019

Source: Reuters LONDON (Reuters) – BP has yet to decide whether to boost its dividend by the end of the year, it said on Wednesday, after its shares fell sharply on the previous day on fears it would defer a decision to 2020. BP reported a 40% drop in third-quarter profits on Tuesday due to lower oil and gas prices,

Pembina to Acquire Kinder Morgan Canada and Cochin Pipeline for CAD $4.35 Billion

August 21, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of Calgary, has entered into agreements to acquire Kinder Morgan Canada Limited (stock ticker: KMLGF) and the U.S. portion of the

Enbridge Income Fund Holdings Inc. Announces $500 Million Common Share Offering

April 11, 2016

CALGARY, ALBERTA–(Marketwired – April 11, 2016) Enbridge Income Fund Holdings Inc. (the “Company”) (TSX:ENF) today announced that it has entered into an agreement with a syndicate of underwriters led by Scotiabank, BMO Capital Markets and CIBC Capital Markets for the purchase and distribution to the public of 17,699,000 common shares (“Common Shares”) at a price of $28.25 per Common Share

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Inter Pipeline Announces April 2016 Cash Dividend

April 11, 2016

Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.13 per share for April 2016. This dividend will be paid on or about May 16, 2016 to shareholders of record on April 22, 2016. This dividend is designated as an “eligible dividend” for Canadian tax purposes. Since inception, Inter Pipeline has distributed approximately $3.4

Range Resources Declares Quarterly Dividend

December 2, 2015

FORT WORTH, TX–(Marketwired – Dec 2, 2015) – RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the fourth quarter. A dividend of $0.04 per common share is payable on December 31, 2015 to stockholders of record at the close of business on December 15, 2015. RANGE RESOURCES

Total S.A. Dialing Back Capex to Protect Dividend

September 24, 2015

Projected Average Annual Capex from 2017-19 will be 33% Below Capex from 2013-14 Margins are as important as ever in the new commodity environment, and Total S.A. (ticker: TOT) is setting some high benchmarks to reduce costs as much as possible. In a corporate strategy and outlook presentation on September 23, 2015, the France-based exploration and production company increased its

At $51 Billion, Alaska’s Hydrocarbons Fuel the Country’s Largest Trust Fund: EIA

May 1, 2015

State’s Permanent Fund Pays Annual Cash Dividend to All Residents The 49th state has its perks. All Alaskans get an annual dividend check from the state. In 2014 their checks were $16 shy of $1,900 per resident. Residents can thank their state for the royalties generated by oil and gas production on state lands that go into The Alaska Permanent Fund, established in

MLPs: Chasing Distributable Cash Flow

April 17, 2015

Evaluating Master Limited Partnerships (MLP) in the Energy Sector When assessing the performance of any public company for investment purposes, a logical first question is: “How profitable is it?” There are several ways a company’s performance can be evaluated in terms of profit generation or operational efficiency that results in cash for the company. Net Income is a logical starting point

Core Laboratories’ Analyst Coverage Climbs to 18 Firms with Initiation from SunTrust

November 21, 2014

The oilservice provider that keeps on giving. SunTrust Robinson Humphrey has initiated coverage on Core Laboratories (ticker: CLB), the company said in a research note on November 20, 2014. A total of 18 firms now cover the company, with four in Europe and 14 in the United States. Eleven of the companies recommend CLB as a “Buy” or are Market/Sector

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