This stock has an high dividend yeld of 5.00% and regualr growth in the payout. In 2020, we look for a partial profit recovery on the strength of higher oil price and production.
Oil prices in recent years have been capped by the flood of production from shale reservoirs, but following a meeting in Vienna, OPEC said the producer group would reduce supplies by an additional 500,000 barrels per day, bringing the total cuts to 1.7 million barrels daily.
Total debt: 40 Bil. Total annual profit: 20 Bil. (2018)
Oil prices in recent years have been capped by the flood of production from shale reservoirs, but following a meeting in Vienna, OPEC said the producer group would reduce supplies by an additional 500,000 barrels per day, bringing the total cuts to 1.7 million barrels daily.
Total debt: 40 Bil. Total annual profit: 20 Bil. (2018)
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