At the present time, many energy companies seem to be cutting their dividends in order to cope with the decline in the industry. However, some companies are still holding tight on theirs. Last July 30, Linn Energy and LinnCo recommended suspension of distributions at the end of the third quarter of the year. Believed to be in the best long-term interest of its stakeholders, the decision reserved approximately $450 million in cash.

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5 Energy Companies Enfolding
on their Dividends
At the present time, many energy companies seem
to be cutting their dividends in order to cope with
the decline in the industry. However, some
companies are still holding tight on theirs. Last
July 30, Linn Energy and LinnCo recommended
suspension of distributions at the end of the third
quarter of the year. Believed to be in the best long-
term interest of its stakeholders, the decision
reserved approximately $450 million in cash.
On the day before that, Consol Energy also
lowered its quarterly payouts and capital
expenditures for up to 1 cent from the 6.25 cents
per share. Chesapeake Energy also scrapped its
dividend earlier and Cenovus energy slashed its
distribution by 40%. With oil prices falling
consistently, definite dividends are out of the
question. Nevertheless, there are companies that
still keep their payouts. Here they are:
1. Chevron
With the company posting some of its
worst numbers in more than 10 years, the
company declared its next dividend
payment along with its second-quarter
earnings. The company earned $571
million in the past quarter, which
amounted to 30 cents per share. It is a
great difference compared to the $5.7
billion or $2.98 per share last year.
2. ConocoPhilipps
The company announced its plans to
increase its quarterly dividend to 74 cents
per share. While the firm reported a
second quarter net loss of $179 million
this year, it feels that the increase is
appropriate. Although ConocoPhilipps is
holding tight on its dividend, it is making
cuts in capital expenditures, operating
costs and jobs.
3. Exxon Mobile
Declaring its third quarter dividend,
Exxon also released its second quarter
financial reports two days later. The
company’s earnings fell by 52% compared
last year and earnings per share dipped to
$1 from the $2.05. However, the company
managed to distribute $4.1 billion
dividends and share purchases.
4. Royal Dutch Shell
While he company is cutting costs and
expenditures to revamp its finances, it is
still keeping its dividends. Announcing its
quarterly payout of 94 cents per share, it
also reported reducing its capital expenses
to $30 billion and cutting 6,500 jobs.
Shell’s earning also plunged to $3.8
billion compared to $6.1 billion in 2014.
5. Suncor Energy
With its latest round of quarterly results,
Suncor managed to exceed expectations
and upped its dividends. The Canada-
based company reported C$906 million
earnings, a slim dip from the C$1.1 billion
in 2014. It increased its dividend to 29
Canadian cents per share to return more
value to the stakeholders.