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A sharp drop in oil prices to around $60 per barrel has cast a shadow over the record-breaking shareholder payouts from Western energy supermajors, according to a recent report from Rystad Energy.
The independent energy research firm warns that unless market conditions improve, the industry may be forced to slash both investment and investor returns to stabilise balance sheets.
In a release sent to BusinessDay, Rystad Energy sounded the alarm over unsustainable payout levels as oil prices fall and remain stubbornly low.
The firm noted
A sharp drop in oil prices to around $60 per barrel has cast a shadow over the record-breaking shareholder payouts from Western energy supermajors, according to a recent report from Rystad Energy.
The independent energy research firm warns that unless market conditions improve, the industry may be forced to slash both investment and investor returns to stabilise balance sheets.
In a release sent to BusinessDay, Rystad Energy sounded the alarm over unsustainable payout levels as oil prices fall and remain stubbornly low.
The firm noted
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