With earnings season in full swing, upstream and midstream companies are declaring quarterly dividends. Here is a selection of dividends announced in the past week.
Shell, which posted first-quarter adjusted earnings of $7.7 billion, will cancel all of the shares it buys.
NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Marathon Oil’s first quarter 2024 dividend is payable on June 10.
Energy Transfer will increase its dividend by about 3%.
ProPetro Holding Corp. is increasing its share repurchase program to a total of $200 million of common shares.
Baker Hughes Co. increased its quarterly dividend by 11% year-over-year.
Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
Energy Transfer’s distribution will be payable May 15 to Series I unitholders of record by May 1.