“While oil prices are below $80 the majors will be paying dividends out of debt. They can live with higher gearing but they will not cut dividends, majors could easily live with gearing of up to 40 percent (of equity) and the market won't punish them so much because they are resilient.
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"Iain Reed Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.quotes.net/citizen-quote/20168>.
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