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Oil companies reap cash windfall from price surge; Exxon, others face pressure to use hoards for dividends, acquisitions or invesment
- 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.
- Subjects :
- Exxon Mobil Corp. -- Company sales and earnings
Exxon Mobil Corp. -- Securities
Stockholders -- Beliefs, opinions and attitudes
Stockholders -- Finance
Prices -- Economic aspects
Petroleum industry -- Company sales and earnings
Petroleum industry -- Securities
Petroleum industry -- Mergers, acquisitions and divestments
Petroleum industry -- Investments
Petroleum -- Prices and rates
Investments -- Finance
Dividends -- Usage
Acquisitions and mergers -- Finance
Company dividends
Company financing
Company investment
Company acquisition/merger
Company securities
Company earnings/profit
Company pricing policy
News, opinion and commentary
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Database :
- Gale General OneFile
- Journal :
- The Wall Street Journal Eastern Edition
- Publication Type :
- News
- Accession number :
- edsgcl.130470831