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Stock impact report

Historic oil price collapse sees first major energy company cut its dividend [MSNBC.com]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: MSNBC.com
Equinor's Johan Sverdrup oil field depicted in August 2019. Lundin Petroleum received its first oil from Phase 1 of the Johan Sverdrup field in early October.Ole Jørgen Bratland | Equinor Press Images'sThe state-controlled oil companysaid"It seems there is a chance that other majors will follow suit," Tamas Varga, senior analyst at PVM Oil Associates, told CNBC via email on Thursday."Clearly, suspending share buybacks and cutting capex (capital expenditure) does not do the trick anymore. In these turbulent times cash is king and the battle for remaining financially sound intensifies," Varga said.France'sTotalRoyal Dutch ShellStateside,ChevronExxon MobilBut, it should not be viewed through "quite the same lens" as the genuine global majors. He argued that while Equinor has ambitions to expand its international scale beyond Europe, it was not yet quite in the same category as Shell,BPColeman also said he did not believe shareholders would have anticipated the scale of the dividend cut a Show less Read more
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