Global Oil and Gas Dividend Forecast Report

This report provides a comprehensive analysis of the dividend forecasting for the Oil & Gas sector, detailing projections for 2024 and the factors influencing these trends. The SPMI Dividend Forecasting team anticipates that the Oil & Gas sector will fall to the second position in dividend payments, with an aggregate forecast of USD 310.7 billion, behind the Banking sector. The report outlines the expected rise in regular dividends, which are projected to reach USD 287 billion in 2024, while special dividends and capital returns have decreased significantly. It also highlights the contributions of various countries to the sector's dividends, with the US and Saudi Arabia being the largest contributors. The analysis includes insights into the impact of geopolitical uncertainties on oil prices and dividend commitments, as well as the strategies employed by companies to maintain shareholder returns through buybacks and dividends. The report concludes with a focus on the sustainability of dividends amid market fluctuations.