RE: James22 May 2016 11:43
Divi well covered.
The end-2015 balance sheet showed cash stable just below $32 billion, and the cash flow statement how annual dividend payments to shareholders cost about $9.4 billion. So the board can justifiably promise to at least maintain the dividend for now. Medium-term prospects, however, require oil prices to consolidate and build on their recovery.50 dollars will break even.