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Oil companies reap cash windfall from price surge; Exxon, others face pressure to use hoards for dividends, acquisitions or invesment

Authors :
Ball, Jeffrey
Gold, Russell
Source :
The Wall Street Journal Eastern Edition. March 18, 2005, A1
Publication Year :
2005

Abstract

Oil companies are sitting on huge cash stockpiles as a result of high prices, but shareholders are pressing for some of this money to come back to them as dividends. So far the industry has resisted using the money for this as well as investments and acquisitions, citing the possible effects should prices drop.

Details

Language :
English
ISSN :
00999660
Database :
Gale General OneFile
Journal :
The Wall Street Journal Eastern Edition
Publication Type :
News
Accession number :
edsgcl.130470831