Oil majors are 'living beyond their means'

ExxonMobil, Shell, BP, Chevron and Total spent more on dividends than they generated in free cash flow, says US report

Dividends: The largest publicly traded oil companies have rewarded shareholders at levels that raise questions about long-term sustainability — Dividends: The largest publicly traded oil companies have rewarded shareholders at levels that raise questions about long-term sustainabilityPhoto: Jim Tanner

Julia Martinez

Houston

BP Shell Chevron ExxonMobil Total

Published 22 January 2020, 14:04Updated 22 January 2020, 14:04