Liam Denning, Columnist

Big Oil's Dividend Divide

Yield surge adds to evidence this panic is worse than 2008-09.

February 3, 2016 at 5:17 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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Sorting companies that measure their cash flow in the many billions of dollars into haves and have-nots almost seems grotesque. But the market is funny like that.

Take a look at this chart of annualized dividend yields for several of the biggest oil companies over the past year.