HOUSTON— Anadarko Petroleum Corp. says its board approved an 81.5 percent cut in its dividend in a money-saving move. The Houston company set its quarterly dividend at 5 cents, down from 27 cents. Shares of Anadarko ended Tuesday down 7 percent, or $2.81, to $37.24.» Read More
CNBC's Bob Pisani looks at what's moving the market today as well as the halt in the trading of Chesapeake Energy shares.
Feb 8- Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, suspended its dividend after swinging to a quarterly loss as it wrote down the value of nine drilling units by nearly half a billion dollars. Gulf of Mexico, for $210 million. Houston- based Diamond Offshore posted a net loss of $245.4 million, or $1.79 per share, in the fourth...
Feb 8- Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, suspended its dividend after swinging to a quarterly loss as it wrote down the value of nine drilling units by nearly half a billion dollars. Diamond Offshore, majority owned by U.S. conglomerate Loews Corp, has been hurt by a more than 70 percent fall in oil prices that has...
The Fast Money Halftime Report team discusses whether more energy companies will cut their dividends and how their stocks will move if they do.
There are a lot of dividend paying choices in the ETF universe.
*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.
*Plans $13 bln capex, down from $14.7 bln spent last year. OSLO/ LONDON, Feb 4- Statoil cheered investors on Thursday with better-than-expected profits, progress in lowering breakeven prices for important projects and a modest spending plan for 2016.. Statoil announced a quarterly dividend of $0.2201 per share and pledged to keep it at that level for the first...
*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...