The struggle of BP and Shell to close the stock price valuation gap with American IOCs continues. If there were a simple solution, the CEOs would have acted. The European media seeks answers.
The decisions by BP and Shell to slash dividends in 2020 -- unlike CVX and XOM -- left a lasting bad taste for investors. Moreover, the lack of clarity in corporate strategy from "full speed ahead green" to "upstream ain't so bad after all" confounds us. The Euro Majors need to articulate clear strategy and meet performance goals for earns and dividends.
The decisions by BP and Shell to slash dividends in 2020 -- unlike CVX and XOM -- left a lasting bad taste for investors. Moreover, the lack of clarity in corporate strategy from "full speed ahead green" to "upstream ain't so bad after all" confounds us. The Euro Majors need to articulate clear strategy and meet performance goals for earns and dividends.