Oil Companies Face Major Uncertainties in the Market: Mizuho’s Sankey

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Oct.10 — ConocoPhillips ramped up its dividend as the largest independent crude explorer seeks to rebuild its reputation as a cash cow after a damaging cut to payouts during the depths of the oil-market crash. The 38% increase in quarterly dividends announced Monday will mean more than $500 million in extra annual payouts to investors. Paul Sankey, managing director and oil & gas analyst at Mizuho Securities, talks with Bloomberg’s Alix Steel about the health of oil companies amid uncertainty in the market.

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