"A lot of these dividends were put in place when oil prices were $110, $120 a barrel," Currie told CNBC's "Fast Money: Halftime Report."
"Obviously if we stay in a $50-to-$60-type price environment most of these companies have embedded in their outlooks, it's going to be very difficult to actually make those types of dividend payments that were structured in the previous era."
Goldman sees oil prices ending the year at $45. Currie says the bank's view would suggest Exxon and its peers are in a position in which they must cut dividends.
Last week, Goldman said it had shifted its near-term energy weighting from underweight to neutral, though Currie warned on Tuesday the change in fundamentals is only transitory at this point.
He said seasonal risks that could lead to a storage crisis have passed until October, and near-term fundamentals have moved global supply and demand toward balance.
"You look at the inventories, globally, they're balanced right now, but we don't think it's sustainable until the third quarter and beyond," he said.