Heard on the Street: Oil and natural-gas price fluctuations have had remarkably little impact on cash returns to Exxon’s and Chevron’s shareholders
Oil and natural-gas price fluctuations have had remarkably little impact on cash returns to the supermajors’ shareholdersChevron and Exxon’s collective quarterly payouts—dividends plus share
repurchases—have never dropped below $5 billion over the past decade.is that the oil and gas business is highly cyclical. Another important takeaway: Their cash payouts aren’t.Continue reading your article with
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