Statoil CFO Torgrim Reitan said the company will pay even more dividends despite the fall in oil prices. He is willing to share from money bag 120 billion, writes DN.
– We have seen large fluctuations in the oil market, and it gives large movements of our share price and competition. For management, it is important to say that we are prepared and that what we see is within natural fluctuations. The dividend policy is obviously firm, says Reitan said.
The group has over the past six years increased the dividend every year, and management has stressed that crown amount will continue to grow.
This is according to DN expected that owners get paid just above 7.50 per share, or about 24 billion for the whole of 2014.
According to the CFO, Statoil has several tools to keep the yield up.
– We have planned investments of around 20 billion dollars next year and is the operator of the largest projects themselves. Then we can make adjustments in the investment if it becomes necessary, he says to DN.
No comments:
Post a Comment