Saturday, May 2, 2020

Shell CEO on Dividend Cut, Debt, Oil Industry `Crisis'

Here is the link.

Apr.30 -- Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden discusses the company's dividend cut, its debt outlook and the challenges facing the oil industry amid the slump triggered by the coronavirus pandemic. He speaks on "Bloomberg Markets: European Open."

One of comments:

at 03:36 "Our dividend yield was at a level that very clearly also signaled to the market that our dividend was seen to be at risk" - this is such a bizarre explanation and almost pathetic in a circular logic. As a dividend investor i find the justification unacceptable. he does go on to make better justifications at the end of the interview and talking of

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