The following video is brought to you courtesy of the Bloomberg Markets and Finance YouTube Channel. Click the video below to watch it now.
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.