European Oil Majors Prepare to Slash Shareholder Payouts

Europe's largest oil majors, Shell, BP, TotalEnergies, Eni, and Equinor, are expected to cut their shareholder payouts by 10%-25% amid declining profits and pressure to reduce carbon emissions. Analysts predict that these companies will reduce their dividends to conserve cash for investments in renewable energy and meet climate targets. The cuts will impact shareholders who rely on dividend income for their returns.