Big oil's big payouts under strain

Energy prices fall
A drop in benchmark crude oil prices to below US$70 a barrel last month, their lowest since late 2021, coupled with a sharp decline in profits for refining oil into fuels, is set to cut earnings in the coming quarters.
  • 1 Week Ago - 2024-10-02 00:00:00
Ron Bousso - Major energy companies are set to borrow billions to maintain shareholder payouts or cut the rate of share repurchases in the face of a drop in oil prices after more t
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Namibian Sun 2024-10-09

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Premier League: Brighton 3 vs 2 Tottenham Hotspur | Chelsea 1 vs 1 Nottingham Forest | Aston Villa 0 vs 0 Manchester United LaLiga: Real Sociedad 1 vs 1 Atletico Madrid | Sevilla 1 vs 0 Real Betis | Deportivo Alaves 0 vs 3 Barcelona | Girona 2 vs 1 Athletic Club SerieA: Fiorentina 2 vs 1 AC Milan | Monza 1 vs 1 AS Roma | SS Lazio 2 vs 1 Empoli | Bologna 0 vs 0 Parma | Juventus 1 vs 1 Cagliari European Championships Qualifying: Bristol City 1 vs 1 Cardiff City English Championship: Bristol City 1 vs 1 Cardiff City Katima Mulilo: 18° | 36° Rundu: 17° | 38° Eenhana: 19° | 38° Oshakati: 20° | 37° Ruacana: 19° | 37° Tsumeb: 21° | 35° Otjiwarongo: 17° | 34° Omaruru: 18° | 34° Windhoek: 17° | 31° Gobabis: 20° | 33° Henties Bay: 13° | 19° Wind speed: 22km/h, Wind direction: S, Low tide: 11:38, High tide: 06:00, Low Tide: 00:09, High tide: 18:07 Swakopmund: 13° | 15° Wind speed: 24km/h, Wind direction: SW, Low tide: 11:36, High tide: 05:58, Low Tide: 00:07, High tide: 18:05 Walvis Bay: 13° | 20° Wind speed: 29km/h, Wind direction: SW, Low tide: 11:36, High tide: 05:57, Low Tide: 00:07, High tide: 18:04 Rehoboth: 17° | 33° Mariental: 21° | 35° Keetmanshoop: 21° | 36° Aranos: 21° | 35° Lüderitz: 10° | 20° Ariamsvlei: 20° | 37° Oranjemund: 13° | 22° Luanda: 23° | 24° Gaborone: 18° | 30° Lubumbashi: 17° | 35° Mbabane: 13° | 28° Maseru: 13° | 27° Antananarivo: 13° | 26° Lilongwe: 19° | 32° Maputo: 18° | 30° Windhoek: 17° | 31° Cape Town: 16° | 22° Durban: 16° | 24° Johannesburg: 16° | 27° Dar es Salaam: 24° | 31° Lusaka: 18° | 32° Harare: 16° | 29° Currency: GBP to NAD 22.93 | EUR to NAD 19.24 | CNY to NAD 2.49 | USD to NAD 17.58 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.17 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.63 | USD to AOA 905 | USD to BWP 13.24 | USD to EGP 48.55 | USD to KES 128.5 | USD to NGN 1628.3 | USD to ZAR 17.57 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1839.33 Down -1.67% | Casablanca Stock Exchange (CSE) MASI 14019.63 Down -0.97% | Egyptian Exchange (EGX) 30 Index 30851.63 Down -3.04% | Botswana Stock Exchange (BSE) DCI 9661.12 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 621.32/OZ DOWN -0.0082 | Copper US$ 4.45/lb DOWN -0.0189 | Zinc US$ 3 096.00/T UP 0.12% | Brent Crude Oil US$ 77.95/BBP DOWN -0.0451 | Platinum US$ 954.71/OZ DOWN -0.0166 Sport results: Premier League: Brighton 3 vs 2 Tottenham Hotspur | Chelsea 1 vs 1 Nottingham Forest | Aston Villa 0 vs 0 Manchester United LaLiga: Real Sociedad 1 vs 1 Atletico Madrid | Sevilla 1 vs 0 Real Betis | Deportivo Alaves 0 vs 3 Barcelona | Girona 2 vs 1 Athletic Club SerieA: Fiorentina 2 vs 1 AC Milan | Monza 1 vs 1 AS Roma | SS Lazio 2 vs 1 Empoli | Bologna 0 vs 0 Parma | Juventus 1 vs 1 Cagliari European Championships Qualifying: Bristol City 1 vs 1 Cardiff City English Championship: Bristol City 1 vs 1 Cardiff City Weather: Katima Mulilo: 18° | 36° Rundu: 17° | 38° Eenhana: 19° | 38° Oshakati: 20° | 37° Ruacana: 19° | 37° Tsumeb: 21° | 35° Otjiwarongo: 17° | 34° Omaruru: 18° | 34° Windhoek: 17° | 31° Gobabis: 20° | 33° Henties Bay: 13° | 19° Wind speed: 22km/h, Wind direction: S, Low tide: 11:38, High tide: 06:00, Low Tide: 00:09, High tide: 18:07 Swakopmund: 13° | 15° Wind speed: 24km/h, Wind direction: SW, Low tide: 11:36, High tide: 05:58, Low Tide: 00:07, High tide: 18:05 Walvis Bay: 13° | 20° Wind speed: 29km/h, Wind direction: SW, Low tide: 11:36, High tide: 05:57, Low Tide: 00:07, High tide: 18:04 Rehoboth: 17° | 33° Mariental: 21° | 35° Keetmanshoop: 21° | 36° Aranos: 21° | 35° Lüderitz: 10° | 20° Ariamsvlei: 20° | 37° Oranjemund: 13° | 22° Luanda: 23° | 24° Gaborone: 18° | 30° Lubumbashi: 17° | 35° Mbabane: 13° | 28° Maseru: 13° | 27° Antananarivo: 13° | 26° Lilongwe: 19° | 32° Maputo: 18° | 30° Windhoek: 17° | 31° Cape Town: 16° | 22° Durban: 16° | 24° Johannesburg: 16° | 27° Dar es Salaam: 24° | 31° Lusaka: 18° | 32° Harare: 16° | 29° Economic Indicators: Currency: GBP to NAD 22.93 | EUR to NAD 19.24 | CNY to NAD 2.49 | USD to NAD 17.58 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.17 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.63 | USD to AOA 905 | USD to BWP 13.24 | USD to EGP 48.55 | USD to KES 128.5 | USD to NGN 1628.3 | USD to ZAR 17.57 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1839.33 Down -1.67% | Casablanca Stock Exchange (CSE) MASI 14019.63 Down -0.97% | Egyptian Exchange (EGX) 30 Index 30851.63 Down -3.04% | Botswana Stock Exchange (BSE) DCI 9661.12 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 621.32/OZ DOWN -0.0082 | Copper US$ 4.45/lb DOWN -0.0189 | Zinc US$ 3 096.00/T UP 0.12% | Brent Crude Oil US$ 77.95/BBP DOWN -0.0451 | Platinum US$ 954.71/OZ DOWN -0.0166


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