08-01-2015, 03:07 PM
Dividend was mentioned 24 times on CVX's conference call, with management saying the dividend is top priority.
Dividend was mentioned 14 times on COP's conference call, and was the first thing addressed on the call.
Dividend was only mentioned twice on Exxon's Conference call, but I don't think there is much concern about theirs.
$45 is not a sustainable price for crude oil. Short of worldwide economic collapse I don't see crude staying this low for more than another 6-12 months. There has been too much capital cutbacks in exploration for the price to stay that low for long. This is a supply price drop, not a demand one, when supply drops, higher prices will return and big oil profits will return as well.
My $0.02
Dividend was mentioned 14 times on COP's conference call, and was the first thing addressed on the call.
Dividend was only mentioned twice on Exxon's Conference call, but I don't think there is much concern about theirs.
$45 is not a sustainable price for crude oil. Short of worldwide economic collapse I don't see crude staying this low for more than another 6-12 months. There has been too much capital cutbacks in exploration for the price to stay that low for long. This is a supply price drop, not a demand one, when supply drops, higher prices will return and big oil profits will return as well.
My $0.02