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Switching funds in a volatile market
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Incorrect. BP cancelled it's dividend for 3 quarters to conserve cash as a result of Deepwater Horizon. .Brido88 said:
BP's share price has dropped below what is was during the Deepwater Horizon blow out in 2010. That is quite something, and what's more interesting, all oil operators are experiencing the same thing. The liabilities that hung around BP's neck as a result of the Macondo incident were in the tens of billions, the oil price crashed in 2014, and through it all, they continued to pay the dividend.Grandst2 said:How much of the dividends come from Shell and BP, the oil price has plummeted and their profits will turn to losses..0
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