Shares tick up as drillers increase payouts

  • Energy companies’ shares rise on hopes for increased dividends
  • TotalEnergies to raise 2023 dividend and increase payouts this year
  • Other energy companies like Shell, BP, and Equinor also increasing shareholder returns
  • Oil futures pare gains after U.S. data shows rise in crude inventories and record oil production
  • Woodside Energy and Santos end merger talks, slowing global energy mergers

Shares of energy companies rose as investors anticipated more generous dividends from flush drillers. French oil major TotalEnergies announced plans to raise its 2023 dividend and increase payouts this year, following the lead of other energy giants like Shell, BP, and Equinor. However, oil futures saw gains trimmed after U.S. data revealed a significant climb in domestic crude inventories, along with record oil production. In other news, Woodside Energy and Santos have called off merger talks, contributing to a slowdown in global energy mergers.

Public Companies: TotalEnergies (N/A), Shell (N/A), BP (N/A), Equinor (N/A), Woodside Energy (N/A), Santos (N/A)
Private Companies:
Key People:

Factuality Level: 7
Justification: The article provides information about energy companies increasing payouts to shareholders and the impact on stock prices. It also mentions specific companies like TotalEnergies, Shell, BP, and Equinor. The article includes data on U.S. crude inventories, gasoline and distillate stockpiles, and U.S. oil production. It also mentions Woodside Energy and Santos ending merger talks. Overall, the article provides factual information without significant bias or misleading content.

Noise Level: 3
Justification: The article provides relevant information about energy companies increasing dividends and the cancellation of merger talks between Woodside Energy and Santos. However, it lacks in-depth analysis, scientific rigor, and actionable insights. It also does not explore the consequences of these decisions on stakeholders or discuss antifragility in the energy sector.

Financial Relevance: Yes
Financial Markets Impacted: Energy companies

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the performance and actions of energy companies, specifically TotalEnergies, Shell, BP, Equinor, Woodside Energy, and Santos. It highlights the potential impact on financial markets, particularly in the energy sector. However, there is no mention of any extreme events or their impact.

Reported publicly: www.marketwatch.com