Oil companies star as dividends surpass third-quarter record
Surging oil dividends drove global pay-outs to £350bn for Q3, the third quarterly record in succession this year
Surging oil dividends drove global pay-outs to £350bn for Q3, the third quarterly record in succession this year
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As investors lose faith in UK equities, and against a backdrop of market uncertainty and political turmoil, it remains to be seen what will tempt them back to the sector
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Fossil fuels are being shunned by investors, but record payouts mean sector could still worth adding to portfolios
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Peak inflation may have passed but it remains significantly above its 2% target
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Divesting can take away the option of engaging high-carbon companies to do better
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It won’t just hit dependable dividend payers such as oil and gas giants – wind farms would get caught up too
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Inflation is expected in an escalation and de-escalation scenario so central bankers have to hold their nerve
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But it is ‘premature’ to start talking about a European energy crisis
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‘The crawl towards reduced dependency on Russian fossil fuels needs a sharp kick up the backside’
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‘You can’t just say, ‘I’m not going to give BP capital because they are a part of the problem’’
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Just 36% of UK equity income funds hold Shell in their top-10 compared to 65% at the start of 2020
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‘This whole situation may well be the catalyst to a faster transition’
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