PREMIUM FEATURES

The reason behind the great oil-asset sell-off

THE question of who buys shares in an oil company for the dividend yield is not one that <i>Slugcatcher</i> thought he would ever consider but as he digested news about Royal Dutch Shell's asset sales program he realised that the correct answer today is "most investors".

Tim Treadgold

Not everyone is a yield investor but enough are that they are having a major influence on the behaviour of management teams at major oil companies, causing them to dump development plans in favour of boosting...

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