The Fast Money Halftime Report team discusses whether more energy companies will cut their dividends and how their stocks will move if they do.» Read More
*Lowers 2016 budget to $6.4 bln from $7.7 bln. *Cuts operating cost forecast to $7 bln from $7.7 bln. *Slashes quarterly dividend to $0.25/ share from $0.74.
HOUSTON— ConocoPhillips posted a wider-than-expected loss in the fourth quarter and slashed its quarterly dividend by 66 percent as oil prices continue to drop. ConocoPhillips said it is lowering its dividend to 25 cents per share from 74 cents per share. ConocoPhillips lost $3.45 billion, or $2.78 per share, for the quarter.
ConocoPhillips on Thursday lowered its 2016 capital expenditure target by 17 percent to $6.4 billion, and its operating cost forecast by 9 percent to $7 billion. ConocoPhillips also slashed its quarterly dividend to 25 cents per share from 74 cents per share. The company's net loss widened to $3.5 billion, or $2.78 per share, in the fourth quarter ended Dec.31,...
The company said it would cut its quarterly dividend to 25 cents per share, from 74 cents per share. It also lowered its 2016 capital expenditure target to $6.4 billion from $7.7 billion. The company's net loss widened to $3.5 billion, or $2.78 per share, in the fourth quarter ended Dec.31, from $39 million, or 3 cents per share, a year earlier.
Dieter Zetsche, CEO of Daimler, talks about designing fuel-efficient cars to meet regulatory requirements.
It will also pay profit-sharing of 5,650 euros for each of the 125,000 eligible workers in Germany, with the money to appear in their April paychecks. Daimler AG shares fell 3.3 percent and traded at 60.87 euros. Net profit for the year rose 23 percent to 8.9 billion euros from 7.3 billion euros in 2014, while revenue jumped 15 percent to 149.5 billion euros.
Helena Morrissey, CEO of Newton Investment Management, discusses the importance of considering dividend sustainability when investing.
Eldar Sætre, CEO of Statoil, talks about the Norwegian government which owns 67 percent of the company.
Patrick Flynn, CFO of ING, reports underlying net profit of of 4.2 billion euros and says the Dutch lender is unaffected by low oil prices.
Feb 3- Refiner Marathon Petroleum Corp said on Wednesday its pipeline unit would increases dividends at a slower-than-expected pace this year, as its cash flow is hit by a fall in volumes of natural gas and natural gas liquids. The cut in the targeted distribution rate was negative, given that MPLX closed its $15.63 billion purchase of natural gas processor...
RPT-GLAXOSMITHKLINE PLC- 2015 ORDINARY DIVIDEND OF 80 P AND SPECIAL DIVIDEND OF 20 P CONFIRMED.
RPT-GLAXOSMITHKLINE PLC- CONTINUE TO EXPECT 80 P FULL YEAR DIVIDEND FOR 2016 AND 2017.
LOS ANGELES, Feb 2- Gilead Sciences Inc's hepatitis C drug sales edged past Wall Street estimates in the fourth quarter, helped by strong sales in Japan, but U.S. results were weaker than expected. "It was a strong overall quarter, driven by strong Japan sales, but U.S. sales were lighter than expected," said Michael Yee at RBC Capital Markets. For full-year 2016, Gilead...
Feb 2- 3 M Co, the maker of Scotch tape and Post-it notes, said it would buy back up to $10 billion worth of shares and also raised its quarterly dividend. The company raised its quarterly dividend to $1.11 per share from $1.025 per share. At Tuesday's close of 147.87, the company would be able to buy back about 67.6 million, or 11 percent, of its total outstanding shares.
MOSCOW, Feb 2- Russia's budget may get an extra 110 billion roubles in dividends from state companies this year if the payout ratio is raised to 50 percent of profits, Olga Dergunova, the head of Russia's state property agency, said on Tuesday.
SYDNEY/ MELBOURNE, Feb 2- Standard& Poor's cut BHP Billiton Ltd's credit rating and warned it might be lowered further if measures to shore up cash levels were not taken, cementing expectations the world's largest miner will slash its dividend for the first time in 15 years. Analysts and investors in Australia said BHP did not have to resort to a sale of new shares to...
The FMHR traders discuss opportunities and the risks of investing in energy names as dividend concerns grow.
*Oil majors' dividend yields soar as shares slide. LONDON, Jan 29- As Europe's top oil companies make deeper retrenchments due to slumping oil prices, their generous dividend policies are coming under closer scrutiny. Royal Dutch Shell, Total and BP are among those set to report dismal earnings next week for the last quarter of 2015 when oil prices averaged $43 a...
RIO DE JANEIRO, Jan 28- Brazilian miner Vale SA will recommend to its board that no dividend is paid to shareholders this year because of the slump in commodity prices, the company said on Thursday. Having announced dividend payments of $2 billion for 2015 at the start of the year, Vale was forced to reduce the amount by $500,000 in September as demand for iron ore...
RIO DE JANEIRO, Jan 28- Brazilian miner Vale SA will recommend to its board that no dividend is paid to shareholders this year because of the slump in commodity prices, the company said on Thursday.