More than ten American and European oil and gas companies has significantly reduced the dividend due to the sharp decline in oil prices.
According to Bloomberg, for that reason, the shareholders of oil and gas companies this year will not receive more than $7.4 billion of dividends, according to RBC.
Earlier, Bloomberg noted that due to the low quotations of the crisis will cost the industry a total of $100 billion in lost investment and tens of thousands of jobs.
Significantly reduced the dividends of the largest in North America, operator of a network of pipelines and transport terminals Kinder Morgan — 75% or $3,44 billion.
In turn, the largest Spanish oil company Repsol SA has cut dividends for the first time in 7 years after the reported net loss in the fourth quarter of last year. Norwegian Statoil has maintained the dividend at the current level, but in February paid them not in money but their shares.
Reduced payments canadian oil and gas company Crescent Point Energy, Cenovus Energy and Husky Energy.
