Persistent Low Oil Prices Threaten Dividends -- Market Talk
DOW JONES & COMPANY, INC. 12:03 PM ET 6/21/2017
Symbol Last Price Change
XOM 81.905 -0.405 (-0.49%)
QUOTES AS OF 12:22:56 PM ET 06/21/2017
1603 GMT - They thought it was all over. It's not. With oil stubbornly below $50 a barrel again, big companies may find themselves facing more tough decisions over cost cutting, says Macquarie. If crude tumbles below $40, dividend payments may be at risk, it says. In a low oil-price world, BP (BP.LN) and Exxon Mobil(XOM) will struggle the most to live within their means, according to the bank. It pegs the price BP needs to break even this year at $64, while it puts XOM's at $52. (sarah.kent@wsj.com)
