Energy Dividend Cuts From Oil Decline
If oil prices decline, the variable dividends for energy companies may be reduced or eliminated.
Too little corroboration in the last 3 days to call a trend (8 articles). Watching for it to gain traction.
"Traders should monitor commodity price movements, particularly crude oil's decline, which could impact energy sector stocks."
"Meanwhile, the S&P 500 energy index fell 1.5 per cent, tracking a decline of as much as 5 per cent in oil prices."
"The price for a barrel of Brent crude oil settled at $100.06, down 1.2%, and continued its decline from more than $115 early this week."
"Among the S&P 500's 11 major industry sectors, energy was the biggest loser, ending down 2.9%, with Exxon Mobil, down 3.6%, and Chevron, 2.2%, creating the benchmark's second and third biggest drags on the day."
"Energy stocks, dragged down by falling crude prices, were the sole percentage losers, dropping 3.7 per cent."
"Energy producers and energy service providers retreated on Wednesday as WTI crude oil fell by more than -1%."
"The U.S. stock market has a history of bouncing back relatively quickly from past conflicts in the Middle East and elsewhere, as long as oil prices don’t stay too high for too long."
"If oil prices spike further, like to $100 per barrel, and stay there, some analysts and investors say it could be too much for the global economy to withstand."
"If oil prices drop, the variable dividends likely will be reduced or even eliminated."